Magmatic Resources Ltd
MAG
Company Profile
Business description
Magmatic Resources Ltd is an Australian mineral exploration company focused on gold and copper targets in the East Lachlan region of New South Wales and the Northern Goldfields in Western Australia. The company holds a portfolio of projects near mining operations like Cadia Valley and Northparkes. Magmatic aims to make discoveries in these prolific mining belts. It also has a joint venture with Fortescue Metals Group to explore the Myall project. The majority of income generation source is the interest income.
Contact
14 Edward Street
OrangeNSW2800
AUST: +61 861888181
Sector
Basic Materials
Stock type
Cyclical
Industry
Gold
Fiscal Year End
30 June 2027
Employees
Stocks News & Analysis
stocks
What did Morningstar subscribers buy and sell during June?
ETFs took centre stage in June alongside renewed interest in beaten down growth names.
stocks
Australia’s largest gold miner downgraded on a falling gold price
A cooling gold price sees fair value cuts across the board.
stocks
Cheap ASX share pays a heavy price for NRL rights
Growth has slowed amid increased competition for viewers and content.
Morningstar Investment Ideas
Markets
Index | Last price | Change | % Change |
|---|---|---|---|
| All Ordinaries | 9,001.30 | 3.70 | 0.04% |
| CAC 40 | 8,366.44 | 1.79 | 0.02% |
| DAX 40 | 25,087.35 | 26.90 | -0.11% |
| Dow JONES (US) | 52,613.05 | 114.41 | 0.22% |
| FTSE 100 | 10,536.35 | 38.06 | 0.36% |
| HKSE | 24,340.73 | 127.01 | 0.52% |
| NASDAQ | 26,032.00 | 158.83 | 0.61% |
| Nikkei 225 | 67,743.50 | 500.77 | 0.74% |
| NZX 50 Index | 13,651.22 | 71.98 | -0.52% |
| S&P 500 | 7,540.69 | 25.35 | 0.34% |
| S&P/ASX 200 | 8,808.50 | 4.80 | 0.05% |
| SSE Composite Index | 3,967.13 | 53.33 | 1.36% |