Four ASX shares that are not letting that hold them back are listed below. Here's why they are rising:

AVITA Medical Inc (ASX: AVH)

The Avita Medical share price is up 16% to $3.68. This follows the release of the regenerative medicine company's third-quarter update. It reported a 51% increase in commercial revenue to US$13.5 million for the three months. And while it is still making a loss, management believes it is has sufficient cash to see it through to profitability in 2025.

Imugene Limited (ASX: IMU)

The Imugene share price is up 4.5% to 11.5 cents. Investors have been buying this biotechnology company's shares after it announced a major milestone. Imugene's major milestone is the dosing of the first patient in a Phase 1b clinical trial using azer-cel, manufactured and supplied from its state-of-the-art facility in North Carolina.

Pantoro Ltd (ASX: PNR)

The Pantoro share price is up 23% to 4.8 cents. This has been driven by news that the gold miner has sold its lithium and base metal rights from the Norseman Gold Project to Mineral Resources Ltd (ASX: MIN) for up to $60 million. Management commented: "This transaction provides Pantoro with strong immediate value for minerals which have not yet been identified in economic quantities at Norseman."

Tietto Minerals Ltd (ASX: TIE)

The Tietto share price is up 2% to 59 cents. This morning, the gold miner released an update on its proposed takeover by Zhaojin. Once again, it unanimously recommends that shareholders take no action. The company's board believe the 58 cents per share offer "materially undervalues Tietto."

The post Why Avita Medical, Imugene, Pantoro, and Tietto shares are pushing higher appeared first on The Motley Fool Australia.

Four ASX shares that are rising more than most today are listed below. Here's why they are charging higher:

Block Inc (ASX: SQ2)

The Block share price is up 25% to $80.96. This follows the release of a better-than-expected third-quarter update. Block reported a 24% increase in revenue to US$5.62 billion and a 21% lift in gross profit to US$1.9 billion for the three months. The latter was driven by a 15% increase in Square gross profit to US$899 million and a 27% increase in Cash App gross profit to US$984 million.

Core Lithium Ltd (ASX: CXO)

The Core Lithium share price is up 8.5% to 38.5 cents. This appears to have been driven by the release of the quarterly update from Albemarle Corp (NYSE: ALB). Although the lithium giant's result was a touch soft, the market appears happy to learn that its sales volumes will now be lower than expected. Less lithium in the market could be good news for prices.

Neuren Pharmaceuticals Ltd (ASX: NEU)

The Neuren Pharmaceuticals share price is up 10% to $12.39. Investors have been buying this pharmaceutical company's shares after it released an update on sales of Daybue. According to the release, its partner Acadia Pharmaceuticals (NASDAQ: ACAD) delivered Q3 Daybue net sales in the United States of US$66.9 million and provided guidance for net sales in Q4 2023 of between US$80 million and US$87.5 million. Anticipated royalties to Neuren are A$10.4 million for Q3 and A$12.5 million to A$13.7 million for Q4.

Tietto Minerals Ltd (ASX: TIE)

The Tietto Minerals share price is up 6% to 60 cents. This morning, this gold miner rejected the unsolicited, conditional off-market takeover offer from Zhaojin Mining. The company believes the offer of 58 cents per share materially undervalues the company.

The post Why Block, Core Lithium, Neuren, and Tietto shares are charging higher appeared first on The Motley Fool Australia.

Four ASX shares that are not letting that hold them back are listed below. Here's why they are charging higher:

Accent Group Ltd (ASX: AX1)

The Accent share price is up 2.5% to $1.86. This appears to have been driven by a broker note out of Citi this morning. Its analysts have retained their buy rating and $2.12 price target following the release of an update from a US peer. It believes the updates point to strong momentum for a number of Accent's brands.

Syrah Resources Ltd (ASX: SYR)

The Syrah Resources share price is up almost 7% to 75.2 cents. Investors continue to buy this graphite producer's shares following news that China is planning to curb exports of the battery-making ingredient. Management responded to the news, commenting: "Near-term China supply uncertainties benefit Syrah's development and commercial position."

Tietto Minerals Ltd (ASX: TIE)

The Tietto Minerals share price is up almost 35% to 57.2 cents. This has been driven by news that the Africa-based gold miner has received a conditional, non-binding indicative proposal from Zhaojin Capital to acquire 100% of the shares it does not already own. Zhaojin Capital is offering 58 cents per share in cash. Management is assessing the offer.

Xero Limited (ASX: XRO)

The Xero share price is up 3% to $107.69. A bullish broker note out of Jefferies and a stronger-than-average session for tech shares appear to be the drivers of this gain. In respect to the Jefferies note, its analysts have lifted their price target to $122.63. This implies a further upside of 14% for investors from current levels.

The post Why Accent, Syrah, Tietto, and Xero shares are charging higher today appeared first on The Motley Fool Australia.

In late morning trade on Monday, the All Ords is down 0.7%, while the ASX All Ordinaries gold producer is soaring 35.3%.

Any guesses?

If you said West African gold producer Tietto Minerals Ltd (ASX: TIE), give yourself a virtual gold star.

Investors have been sending the Tietto Minerals share price soaring after the miner reported on a takeover proposal.

What's on offer for the ASX All Ordinaries gold stock?

The Tietto Minerals share price is rocketing on news the miner received a conditional, non-binding indicative proposal from Zhaojin Capital to acquire 100% of the shares not already owned by Zhaojin.

Zhaojin Capital is a wholly owned subsidiary of Zhaojin Mining Industry. Zhaojin – currently Tietto's second-largest shareholder with a 7.02% holding – is offering 58 cents per share in cash by way of an off-market takeover offer.

That's 36.5% more than the 42.5 cents per share the ASX All Ordinaries gold stock closed for on Friday. Shares are currently trading for 57.5 cents apiece.

Management stressed there was no certainty the proposed takeover would result in a binding proposal that the board could recommend to shareholders. The board has appointed Barrenjoey and Corrs Chambers Westgarth as financial and legal advisers.

Tietto shareholders do not need to take any action at this stage.

Commenting on the takeover offer lobbed for the ASX All Ordinaries gold stock, Jiang Guipeng, chairman of Zhaojin Mining Industry, said:

We have presented to the Tietto board and all shareholders an attractive offer, in line with ASX premiums for control transactions, readily demonstrating our intent to acquire Tietto.

We have entered into productive engagement with the Tietto Minerals board and are looking forward to continuing discussions.  I commend our offer to them and Tietto shareholders.

What else is happening with Tietto Minerals?

This morning also saw the ASX All Ordinaries gold producer release its production update for the September quarter.

Over the three-month period, Tietto produced 33,750 ounces of gold, an increase of 116% from the prior quarter.

Commenting on the production figures, CEO Matt Wilcox said:

Production is still suffering from the lack of waste stripped during the preproduction period and the ongoing wet season. Our mining contractor has responded strongly and mobilised three additional production excavators and the wet weather is coming to a close.

We anticipate higher mining rates for the last quarter of 2023 and increased gold production.

The ASX All Ordinaries gold miner released an Updated Life of Mine Plan (LOMP) during the quarter for its Abujar gold mine. This estimates 170,000 ounces of annual gold production for nine years, running from 2024 to 2032.

Tietto estimates an all-in sustaining cost (AISC) of US$982 per ounce over that period. The company expects an average annual pre-tax US$137 million (AU$216 million). Post-tax, that should equate to US$108 million (AU$171 million).

The ASX All Ordinaries gold miner had cash and bullion holdings of AU$45 million (US$29 million) as at 30 September.

The post Guess which ASX All Ordinaries gold stock just rocketed 35% on a takeover offer appeared first on The Motley Fool Australia.

Four ASX shares that are climbing more than most today are listed below. Here's why they are rising:

Clinuvel Pharmaceuticals Limited (ASX: CUV)

The Clinuvel share price is up 5% to $14.85. This appears to have been driven by a broker note out of Bell Potter this morning. Its analysts have initiated coverage on the biopharmaceutical company's shares with a buy rating and a $24 price target. It said: "Clinuvel has multiple development streams ongoing to drive medium to long-term growth."

SRG Global Ltd (ASX: SRG)

The SRG Global share price is up almost 6% to 64 cents. Investors have been buying this industrial services company's shares after it won a NZ$130 million 10-year contract. The contract renewal is with Transpower New Zealand to provide specialist industrial services. This includes the removal of existing coatings through specialist blasting, application of industrial protective coatings, and minor steel replacement.

Strike Energy Ltd (ASX: STX)

The Strike Energy share price is up 10% to 43 cents. This follows the release of an update on the energy company's South Erregulla gas field. Management revealed that the successful appraisal at SE2 well extends the South Erregulla gas field to the South and West.

Tietto Minerals Ltd (ASX: TIE)

The Tietto Minerals share price is up almost 7% to 31.5 cents. This morning, this gold miner updated the life of mine plan for its Abujar Gold Mine in the Ivory Coast. The mine now has a nine-year mine life from 2024 to 2032 including average yearly production of 170,000 ounces of gold with an all-in sustaining cost of US$982 per ounce.

The post Why Clinuvel, SRG, Strike Energy, and Tietto shares are racing higher today appeared first on The Motley Fool Australia.

Four ASX shares that have failed to follow the market higher today are listed below. Here's why they are falling:

Leo Lithium Ltd (ASX: LLL)

The Leo Lithium share price is down 9% to 51 cents. This morning, the embattled lithium developer was forced to respond to questions from the Australian stock exchange operator following a sharp decline. While Leo Lithium appears to have answered them fairly well, it hasn't been enough to stop some investors from hitting the sell button. The company's shares are now down 59% since this time two months ago.

Megaport Ltd (ASX: MP1)

The Megaport share price is down 9% to $10.69. This appears to have been triggered by some insider selling. After the market close on Friday, the network services company revealed that its director, Michael Klayko, had sold all his 25,000 Megaport shares for a touch over $300,000. Six months ago, those same shares would have been worth just under $120,000.

Sims Ltd (ASX: SGM)

The Sims share price is down 10% to $13.86. This follows the release of a disappointing trading update from the scrap metal company. Management warned that trading conditions have remained difficult since its last update. As a result, it only expects its first-quarter earnings before interest and tax to be breakeven.

Tietto Minerals Ltd (ASX: TIE)

The Tietto Minerals share price is down 8% to 34 cents. Rather awkwardly, this morning this gold miner retracted two recent announcements. Tietto Minerals explained: "[The announcements] contain an updated seven-year production schedule based upon an updated 2023 resource model that has not been released to market and therefore the Company does not have a reasonable basis to make the statements contained therein." Not a great look for management.

The post Why Leo Lithium, Megaport, Sims, and Tietto Minerals shares are sinking appeared first on The Motley Fool Australia.

Four ASX shares that are not letting that hold them back are listed below. Here's why they are rising:

Atlantic Lithium Ltd (ASX: A11)

The Atlantic Lithium share price is up 3.5% to 44 cents. This morning, this lithium developer revealed that it has agreed to non-binding heads of terms with the Minerals Income Investment Fund of Ghana (MIIF). The fund will invest a total of US$32.9 million (A$51.4 million) in the company to support the development of its flagship Ewoyaa Lithium Project. This will give MIIF a 6% contributing interest in the company's Ghana portfolio.

Monadelphous Group Ltd (ASX: MND)

The Monadelphous share price is up 1% to $13.90. This follows news that the engineering company has been awarded a major construction contract at Talison Lithium's Chemical Grade Plant 3 Project. The company revealed that the contract is valued at approximately $160 million. Work will commence on site later this year and is expected to be completed in the first half of 2025.

Polynovo Ltd (ASX: PNV)

The Polynovo share price is up 3.5% to $1.35. This may have been driven by a broker note out of Morgans this week. Its analysts have initiated coverage on the medical device company with an add rating and a $1.88 price target. This implies a potential upside of almost 40% for investors over the next 12 months.

Tietto Minerals Ltd (ASX: TIE)

The Tietto Minerals share price is up 5.5% to 37.5 cents. This morning, the gold miner released a presentation ahead of its appearance at the Africa Down Under Conference. In addition, with its shares crashing deep into the red in recent weeks, some investors may believe they have been oversold and represent good value despite its production downgrade.

The post Why Atlantic Lithium, Monadelphous, Polynovo, and Tietto shares are rising today appeared first on The Motley Fool Australia.

Four ASX shares that are falling more than most today are listed below. Here's why they are dropping:

Chalice Mining Ltd (ASX: CHN)

The Chalice Mining share price is down a further 18% to $2.74. Investors have been hitting the sell button since the release of a decidedly disappointing scoping study last month. Not only is production many years away, but its commodity price forecasts appear ambitious. Additionally, this morning analysts at Jefferies downgraded the mineral exploration company's shares to an underperform rating and cut the price target on them by 69% to $2.00.

Northern Star Resources Ltd (ASX: NST)

The Northern Star share price is down 4% to $11.23. This has been driven partly by the gold miner's shares trading ex-dividend this morning for its upcoming dividend payment. Last month, the company declared a final dividend of 15.5 cents per share. This will be paid to eligible shareholders on 12 October.

Pilbara Minerals Ltd (ASX: PLS)

The Pilbara Minerals share price is down 2% to $4.68. This has also been driven by its shares going ex-dividend today. Last month, this lithium miner released its FY 2023 results and declared its first-ever final dividend of 14 cents per share. This fully franked payout will be paid to eligible shareholders later this month on 27 September.

Tietto Minerals Ltd (ASX: TIE)

The Tietto share price is down almost 23% to 36 cents. Investors have been selling this gold miner's shares after it downgraded its production guidance materially. Instead of second-half production of 105,000 ounces to 120,000 ounces of gold with an all-in sustaining cost (AISC) of US$875 to US$975 per ounce, it now expects 85,000 ounces with an AISC of US$1,175 to US$1350 per ounce.

The post Why Chalice Mining, Northern Star, Pilbara Minerals, and Tietto shares are dropping appeared first on The Motley Fool Australia.

In morning trade, the ASX 300 gold miner's shares are down 30% to a 52-week low of 32.5 cents.

Why is this ASX 300 gold share being sold off?

Investors have been selling off this ASX 300 gold share today after the company released a production update.

According to the release, Tietto produced 11,191 ounces of gold at its Abujar operation in the Ivory Coast in August. This reflects the milling of more than 400,000 dry tonnes at an average grade of 0.90g/t of gold.

This resulted in the company finishing the month with a cash and bullion balance of $53.4 million, which is up $10 million month on month. However, it is prior to a scheduled debt repayment of US$6.25 million, which represents 25% of its Coris Bank facility.

So why the selling?

As positive as this may sound, it was well short of expectations.

In July, 11,643 ounces of gold was produced at Abujar and management was expecting things to ramp up from there. So much so, that it was guiding to calendar year second-half production of 105,000 ounces to 120,000 ounces of gold at an all-in sustaining cost (AISC) of US$875 to US$975 per ounce.

In light of this slower ramp-up, the ASX 300 gold share has downgraded its guidance to between 75,000 ounces to 85,000 ounces with an AISC of US$1,175 to US$1350 per ounce.

Management advised that this reflects grade control drilling results received over July and August, lack of stockpiles, and Tietto's updated reserve model.

The ASX 300 gold share's managing director and CEO, Matt Wilcox, remains positive. He said:

Detailed grade control results have confirmed a LOM update has resulted in the same amount of contained gold, but a 10% increase in tonnes mined. We have initiated a debottlenecking study with an aim to increase mill throughput by 15% to 5.5Mtpa, which would bring forward gold ounces and lower cash costs of production.

We will release a full LOM study by the end of September based on the current circuit, which we expect will result in average production of 172,000 oz gold over the first seven years of production at an expected all-in cost of approximately $1,100/oz, producing very strong annual free cashflows.

The post Why did this ASX 300 gold share just crash 30%? appeared first on The Motley Fool Australia.

Four ASX shares that are not letting that hold them back are listed below. Here's why they are rising:

Australian Strategic Materials Ltd (ASX: ASM)

The Australian Strategic Materials share price is up 8% to $1.75. Investors have been buying this integrated materials company's shares after it announced a five-year binding sales and tolling framework agreement with USA Rare Earth. This is for the supply of neodymium iron boron alloy, which will be used to support USA Rare Earth's production ramp-up of high-performance rare earth magnets.

Calix Ltd (ASX: CXL)

The Calix share price is up 5% to $4.45. This morning, analysts at Bell Potter responded to the company's joint venture announcement with Pilbara Minerals Ltd (ASX: PLS) by reiterating its speculative buy rating with an $8.70 price target. This implies a potential upside of 95% from current levels.

Sayona Mining Ltd (ASX: SYA)

The Sayona Mining share price is up 1.5% to 15.3 cents. Investors have been buying this lithium miner's shares this week thanks to a positive announcement. That announcement reveals that the first shipment of approximately 20,500 tonnes of lithium spodumene concentrate has been sold into a "buoyant global spot market."

Tietto Minerals Ltd (ASX: TIE)

The Tietto Minerals share price is up 7% to 53.5 cents. This morning, this gold miner announced that it produced 11,643 ounces of gold at its Abujar operation in July. This implies a significant improvement in past production rates. For example, during the June quarter, Tietto produced 15,592 ounces. That's an average of approximately 5,200 ounces a month.

The post Why Australian Strategic Materials, Calix, Sayona Mining, and Tietto shares are rising appeared first on The Motley Fool Australia.

This gives the junior gold miner a market capitalisation of $598.15 million.

Katana Asset Management says the ASX mining share is 'simply too cheap' at this price level.

Let's find out a bit more about Tietto Minerals.

Junior ASX mining share offers big value

Tietto owns West Africa's newest producing gold mine, the Abujar Gold Project on the Ivory Coast.

Tietto is in the final stages of ramping up to full production after achieving its first ore production in December 2022 and its first gold pour in January this year.

The miner expects to reach or exceed full nameplate production by next month.

Broker impressed by low-cost, long-life mine

Tietto Minerals shares are down almost 30% in the year to date and down 18% over the past month.

Katana's Australian equity fund portfolio manager Romano Sala Tenna told the Australian Financial Review (AFR) that this recent pullback has provided a buying opportunity.

Sala Tenna said:

[Tietto Minerals] has just finished construction and has commenced production at its mine in the safe jurisdiction of Cote d'Ivoire.

The recent pullback in its share price values the business at under $600 million.

This is simply too cheap for a low-cost, long-life company that will soon be producing at around 200,000 ounces per annum.

What's the latest news from Tietto?

Tietto recently upgraded the Abujar mineral resource estimate by 10% to 3.83 Moz.

The company is now revising its Life of Mine production plan for delivery in Q3 CY23.

Tietto Managing Director Dr Caigen Wang said Abujar is "an extensive gold system of which less than 10% has been explored to date".

He expects the revised Life of Mine plan to show "significant improvements."

In its March quarter report, Tietto said it expects to produce 25,000 to 30,000 ounces of gold in Q2 2023.

From there, it forecasts gold production of between 105,000 to 120,000 ounces from 1 July to 31 December at an all-in sustaining cost (AISC) of US$875 to US$975 per ounce.

Its full-year forecast is 134,000 ounces to 154,000 ounces.

A 'healthy financial position'

Like all ASX gold shares, Tietto is benefitting from high gold prices.

The spot gold price has recently been testing its previous record high of US$2,069.40 set in 2020.

Tietto said its gold sales in the March quarter totalled 7,586 ounces at an average price of US$1,980 per ounce.

In a statement, the company said:

Tietto ended its first partial quarter of Abujar operations in a healthy financial position with $6.96m
cash on hand and $5.7m in bullion on hand and is expecting strong cash generation from operating
activities in Q2 2023.

Perfect timing for this ASX mining share

It seems that full production at Abujar is coming online at just the right time.

Top broker Goldman Sachs is forecasting the average gold price to go higher over coming years.

Goldman is expecting an average price per ounce of US$2,008 in Q2 FY23, US$2,078 per ounce in Q3 FY23, and US$2,108 per ounce in Q4 FY23.

It gets better in 2024 with the Goldman team tipping an annual average of US$2,175 per ounce.

They predict an average gold price of US$2,087 per ounce in 2025 and US$2,000 per ounce in 2026.

The post The ASX mining share that's 'simply too cheap'! appeared first on The Motley Fool Australia.

Four ASX shares that have failed to follow the market higher today are listed below. Here's why they are dropping:

Brainchip Holdings Ltd (ASX: BRN)

The Brainchip share price is down 3% to 43.2 cents. This is despite there being no news out of the semiconductor company. However, it could be that short sellers are increasing their positions ahead of the upcoming release of this meme stock's quarterly update.

Domain Holdings Australia Ltd (ASX: DHG)

The Domain share price is down 3% to $3.31. On Tuesday, analysts at Goldman Sachs downgraded this property listings company's shares to a neutral rating with a $3.65 price target. The broker sees risks from vendors potentially downgrading marketing spend on one portal over time. It feels Domain is the more likely option for vendors to reduce spending on, rather than the dominant realestate.com.au platform.

Star Entertainment Group Ltd (ASX: SGR)

The Star share price is down 8% to $1.25. Investors have been selling this casino and resorts operator's shares after it released a trading update. The company warned that it is experiencing a significant and rapid deterioration in operating conditions. This is particularly the case at The Star Sydney and The Star Gold Coast. In response, Star announced significant cost and restructuring initiatives.

Tietto Minerals Ltd (ASX: TIE)

The Tietto share price is down 5% to 66.7 cents. This is despite the gold miner releasing an update on the mineral resource of its Abujar project in the Ivory Coast. Investors may have been expecting more than the 10% increase in resource size to 3.83Moz.

The post Why Brainchip, Domain, Star, and Tietto shares are dropping today appeared first on The Motley Fool Australia.

Four ASX shares that are not letting that hold them back today are listed below. Here's why they are rising:

Breaker Resources NL (ASX: BRB)

The Breaker Resources share price is up 31% to 38 cents. This follows news that the gold developer has accepted a takeover approach from Ramelius Resources Ltd (ASX: RMS). In the absence of a superior proposal, management and two major shareholders intend to accept the all-scrip offer which has an implied value of 40 cents per share.

Healius Ltd (ASX: HLS)

The Healius share price is up over 9% to $3.04. This morning, this healthcare company received a takeover approach from smaller rival Australian Clinical Labs Ltd (ASX: ACL). And while the offer is not at a premium, Australian Clinical Labs expects to create significant value for shareholders by merging the two companies.

Northern Star Resources Ltd (ASX: NST)

The Northern Star share price is up 8% to $11.75. Investors have been piling into gold miners today after the spot gold price closed in on the US$2,000 an ounce mark. This has been driven by demand for safe haven assets and optimism that the US Federal Reserve won't raise rates as much as previously expected due to the banking crisis.

Tietto Minerals Ltd (ASX: TIE)

The Tietto Minerals share price is up 12.5% to 63 cents. As well as getting a lift from a rising gold price, this gold miner made a positive announcement. Tietto revealed that it has completed process plant commissioning at its 100%-owned 4.5Mtpa Abujar Gold Mine in the Ivory Coast. Abujar is expected to deliver gold production averaging ~200,000 ounces per year over the first six years of production at a weighted average all in site cost (AISC) of ~US$800/oz.

The post Why Breaker, Healius, Northern Star, and Tietto Minerals shares are charging higher appeared first on The Motley Fool Australia.

Meanwhile, these ASX All Ordinaries shares have gained as much as 6.9% today to hit their highest points in years.

So, what's bolstering them to long-forgotten, or never-before-seen, heights? Keep reading to find out.

3 ASX All Ordinaries shares posting multi-year highs

First off the rank is the share price of ASX All Ordinaries gold developer Tietto Minerals Ltd (ASX: TIE). The stock launched to a new all-time high of 77 cents earlier today, marking a 6.9% gain.

Interestingly, there's been no news from the miner this month. Additionally, the market had no reaction to its latest quarterly report, released in late October.

Though, the S&P/ASX All Ordinaries Gold Index (ASX: XGD) is gaining 3.9% right now and gold futures lifted 2.8% on Friday to reach US$1,676.60 an ounce.

The Stanmore Resources Ltd (ASX: SMR) share price also soared to a new all-time high today, reaching $3.21 in early trade despite the company's silence. Sadly, it's since plunged into the red.

The ASX All Ordinaries coal share has had a ripper ride through 2022 so far, gaining more than 200% year to date.

Finally, the Syrah Resources Ltd (ASX: SYR) share price took off this morning, gaining 3.9% to reach $2.65 – its highest point since 2018.

Once again, there's been no news from the graphite and battery anode developer today.

Though, both it and Tietto Minerals were among the best performing ASX All Ordinaries resources shares in October.

The post 3 ASX All Ordinaries shares hitting new multi-year highs today appeared first on The Motley Fool Australia.

The sector has been one of the few areas of the market where ASX shares are actually making gains.

Here we look at the three best-performing ASX resources shares of the S&P/ASX All Ordinaries Index (ASX: XAO) in October, according to data from Capital IQ.

We've narrowed this list down to companies with a market capitalisation above $100 million.

My Fool colleague Tristan has reported separately on the biggest movers of the S&P/ASX 200 Index (ASX: XJO) mining shares for the month.

So, let's canvas the smaller players and see what's happening.

Tietto Minerals Ltd (ASX: TIE)

This ASX resources share simply killed it during October on the back of a lot of good company news. The Tietto share price went up by 60.9% over the 31 days of the month. On Friday, it closed the session at 72 cents, up 5.15% for the day.

Tietto is a gold miner with activities focused in West Africa. It has a market capitalisation of $734 million.

During the month, the company provided a positive update on its Abujar Gold Project on the Ivory Coast. As my Fool colleague James reported, construction is on track and Tietto expects to deliver its first gold this quarter. The developer is expecting to produce 260,000 ounces of gold at Abujar in 2023.

Later in the month, Tietto reported new assay results showing more high-grade gold discoveries at Abujar. On the final day of the month, Tietto revealed its quarterly activities and cash flow report. It finished the September quarter with $87.7 million in cash and cash equivalents and no debt.

Dacian Gold Ltd (ASX: DCN)

The next best-performing ASX resources share of October was Dacian Gold. Its share price went up by 53.8%. On Friday, Dacian shares closed the session at 14 cents, down 3.33% for the day.

Dacian is a gold explorer with activities at the Mount Morgans Gold Project in Western Australia. It has a market capitalisation of $182.5 million.

On 10 October, the company reported continuing "strong exploration results" at the project's Jupiter mine. Over the next few days, the Dacian share price rose by 40% on the back of the news.

Management said: "The … drilling results confirm the potential for significant extension of mineralisation associated with the syenite intrusive system at the Mt Morgans Gold Operation. These strong mineral resource definition and extension drilling results at Jupiter continue to support the potential for increased scale of future operations at Mt Morgans."

Syrah Resources Ltd (ASX: SYR)

Third on our list of top-performing ASX resources shares in October is Syrah Resources. Its share price went up by 45.7%. On Friday, the Syrah Resources share price finished up 4.08% to $2.55.

Syrah is mainly focused on natural flake graphite production at its mine in Mozambique. It has a market capitalisation of $1.64 billion.

The company had some big news for ASX investors during the month. As my colleague James reported, Dacian won a US Government grant of up to US$220 million and announced an offtake agreement. Syrah also lodged its quarterly activities report, revealing 38kt of graphite production at an 80% recovery rate during Q2 FY22. The miner shipped a record 55kt at a weighted average sales price of US$688 per tonne. This was a quarter-over-quarter bump of 25% and 3.9%, respectively.

The post Top 3 rising ASX resources shares in October appeared first on The Motley Fool Australia.

Three ASX mining shares that have just climbed to all-time highs are listed below. Here's why they are flying high right now:

Mineral Resources Limited (ASX: MIN)

The Mineral Resources share price hit a new all-time high of $78.14 this morning. While there was no news out of the mining and mining services company, investors have been fighting to buy its shares all year due to its lithium operations. These are expected to generate bumper profits this year thanks to sky high lithium prices.

Interestingly, despite hitting an all-time high, the team at Macquarie still sees significant value in the Mineral Resources share price. Its analysts have an outperform rating and $98.00 price target on its shares.

Pilbara Minerals Ltd (ASX: PLS)

The Pilbara Minerals share price reached a record high of $5.66 this morning. This followed the release of the lithium miner's first quarter update this morning, which revealed further solid production and sales growth.

Macquarie is also positive on the Pilbara Minerals share price. Though, it doesn't see anywhere near as much upside potential as it does with Mineral Resources shares. Its analysts have an outperform rating and $5.70 price target. However, it is worth noting that this could change once the broker has reviewed the company's quarterly update.

Tietto Minerals Ltd (ASX: TIE)

The Tietto Minerals share price climbed to an all-time high of 73 cents on Tuesday despite there being no news out of the gold developer. Though, it is worth noting that last week the company provided a positive update on its Abujar Gold Project in the Ivory Coast.

That update revealed that the construction of the project is on track and Tietto expects to deliver its first gold during the current quarter. If everything goes to plan, management expects to produce 260,000oz of gold from Abujar in 2023.

The post 3 ASX mining shares hitting all-time highs today appeared first on The Motley Fool Australia.

The All Ords has broadly shrugged off the shockingly high inflation data reported overnight by the United States, with prices in the world's top economy rising at the fastest pace in 40 years.

While that 0.5% gain is nothing to complain about, these two ASX All Ords mining shares are smashing those returns today.

2 ASX mining shares charging higher

First, we have Talga Group Ltd (ASX: TLG).

The technology minerals company is primarily focused on graphite exploration and development in Sweden.

Talga shares closed yesterday trading for $1.10 and are currently trading for $1.16, up 5.9%.

The latest price-sensitive news from the ASX mining share was released last Wednesday, when it reported intersecting high-grade graphite zones at its Swedish Vittangi graphite project during the initial drill campaign.

At the current share price, Talga has a market cap of $351 million.

The second ASX All Ords mining share rocketing higher today is Tietto Minerals Ltd (ASX: TIE). Tietto is primarily focused on gold exploration and production in West Africa.

The company's shares closed yesterday at 37 cents and are currently trading for 41 cents, up 11.0%.

Investors look to be bidding up the ASX mining share after it provided a construction update for its 3.45-million-ounce Abujar Gold Project, located in Côte d'Ivoire.

The company said that construction is on schedule and budget, and it expects the first gold pour to occur in the December quarter. Concrete works at the project are now 80% complete, with the bulk of the remaining work set to be finished in July.

Talga and Tietto share price snapshots

Despite today's lift, both ASX mining shares remain down for the calendar year. Year-to-date, the Tietto share price is down 17% while the Talga share price is down 32%.

Longer-term, both miners have delivered strong returns.

Over the past five years, the Tietto share price is up 76% while the Talga share price has gained 69%.

That compares to an 18% five-year gain for the All Ords.

The post 2 ASX All Ords mining shares smashing the benchmark on Thursday appeared first on The Motley Fool Australia.

Four ASX shares that have failed to follow the market higher today are listed below. Here's why they are dropping:

Beach Energy Ltd (ASX: BPT)

The Beach share price is down almost 2% to $1.61. This appears to have been driven by a pullback in oil prices overnight. Traders were selling down oil amid concerns over demand. This follows further lockdowns in China, with Shanghai the latest city to be brought to a standstill.

Melbana Energy Ltd (ASX: MAY)

The Melbana Energy share price has crashed 14% to 12.5 cents. Investors have been selling this energy company's shares following the release of a drilling update at the Marti structure of its 30% owned Block 9 contract area. The update advises that at total depth there was some evidence of formation water returned with the oil during logging operations.

St Barbara Ltd (ASX: SBM)

The St Barbara share price has continued its slide and is down 2% to $1.44. This follows weakness in the gold price and a negative reaction to yesterday's guidance update. In respect to the latter, St Barbara advised that FY 2022 production is expected to come in at 275-290koz with an AISC of $1,750-1,870 per ounce. This compares to its original (withdrawn) guidance of 305-355koz with an ASIC of $1,710 to $1,860 per ounce.

Tietto Minerals Ltd (ASX: TIE)

The Tietto Minerals share price has tumbled 13% to 51 cents. This morning the gold developer announced the successful completion of a A$130 million two-tranche placement to fully fund its 3.35Moz Abujar Gold Project construction with no debt. These funds were raised at a 14.5% discount of 50 cents per new share.

The post Why Beach, Melbana, St Barbara, and Tietto shares are dropping appeared first on The Motley Fool Australia.

The company comes into focus after announcing gold intersections from drilling in its mine Côte d'Ivoire.

Let's take a closer look at today's news.

Why the Tietto share price is rising

In a statement to the ASX, Tietto Minerals advised it has made "multiple, high-grade gold drill intercepts" at its Abujar Gold Project in the West African nation. Highlights include:

• a 29m wide ore containing 4.46g of gold per tonne, which includes a 17m wide section containing 7.11g of gold per tonne.
• a 2m wide ore containing 18.6g of gold per tonne.
• a 3m wide ore containing 9.39g of gold per tonne.
• an 8m wide ore containing 6.92g of gold per tonne.

The company says it still has $52 million in liquid assets and as such can both fast-track and grow the Abujar gold mine.

Specifically, on fast-tracking the site, Tietto says it should be able to release the definitive study for the site by the second quarter of FY22. It is also in the midst of negotiations with the Ivorian government regarding final approvals.

The results have impressed investors, judging by today's Tietto share price movement.

Management commentary

Tietto managing director Dr Caigen Wang said

Our infill and extensional drilling program at Abujar has again delivered more high‐grade gold intercepts that will deliver increases in resource confidence and resource growth.

[We have] successfully confirmed gold mineralisation at or above expectations as we have closed up the inferred drill pattern to Indicated Resource spacing at these deposits.

Gold commodity price

Gold is currently trading on the open market for about US $1,860 per troy ounce. It's down 0.32% this month and 1.91% year to date.

According to the website Trading Economics, the price of gold is coming off of its record highs because investor worries over inflation may be easing. Gold is seen as a safe-haven investment against inflation.

Tietto share price snapshot

Over the past 12 months, the Tietto share price has decreased 13%. The company hit a 12-month low of 28.5 cents several times throughout April and May but has since slightly recovered. Tietto Minerals has a market capitalisation of $153 million.

The post Tietto (ASX:TIE) share price glimmers on latest gold discovery appeared first on The Motley Fool Australia.

By comparison, the All Ordinaries Index (ASX: XAO) is currently trading 1.23% lower for the day.

Today's price rise comes after the company announced "multiple shallow high-grade gold" results from a recent drill at its Côte d'Ivoire gold mine.

Let's take a closer look at today's news.

What's boosting the Tietto share price?

In a statement to the ASX, Tietto Minerals says initial drill results at its Abujar Gold Project are promising.

Highlights from the results include a:

• 5-metre-wide ore with 109g per tonne of gold.
• 4-metre-wide ore with 26g per tonne of gold.
• 12-metre-wide ore with 3.3g per tonne of gold.
• 3-metre-wide ore with 8.4g per tonne of gold.

The company claims drilling results show a "contiguous zone of shallow ultra-high-grade" gold with a 200m strike.

Tietto says it had $52 million of cash on hand at the end of March and, as such, is "very well positioned" to fast-track and pursue further development of the Abujar Gold Project.

Management commentary

Tietto managing director Dr Caigen Wang said:

Our infill drilling program at AG South has again exceeded our expectations with multiple ultra-high grade gold hits, including a project best intercept of just over 1m at 0.53kg/t gold in the holes reported today.

These high impact holes have potential to add material shallow high‐grade ounces early in the mine schedule, which we expect to be positive for our open pit optimisation. 

Once the infill program is completed, we intend to use our diamond drill rigs to test the multitude of exploration targets around our proposed mill at Abujar to drive future resource growth.

Gold commodity pricing

Presently, gold is trading on the commodities market at US$1,836 per troy ounce. It's up 3.24% this week and 5.98% this month, but down 3.18% since the beginning of the year.

The website Trading Economics expects the price of gold to continue to slide over the next 12 months. It tips the precious metal to be around US$1,700 in one year's time. Moving forward, the gold price could have a material effect on the Tietto share price, as most commodity prices do for mineral explorers.

Tietto share price snapshot

Over the past 12 months, the Tietto share price has fallen by 18.4%. The company hit its 12-month low of 28.5 cents only last week.

Tietto Minerals has a market capitalisation of $141.4 million.

The post Why the Tietto (ASX:TIE) share price is surging 7% appeared first on The Motley Fool Australia.