leadf
logo-loader

S&P/ASX 200 dips 0.70% as gold miners, tech stocks drag

Gold prices fell again by 0.2% today to US$1,844.51 per ounce after slumping more than 4% in the previous session.

Castillo Copper Ltd - S&P/ASX 200
The US economy shed jobs for the first time in eight months in December.

S&P/ASX 200 (INDEXASX:XJO) has started the week in negative territory, with the index down 0.70% by about 1.45 pm despite record highs hit on Friday in the US.

Gains for energy stocks are being offset most by losses for gold stocks, utilities and technology.

Gold miners are some of the hardest-hit stocks today following a 4% fall in the price of the precious metal on Friday.

Resolute Mining (ASX:RSG) and Evolution (ASX:EVN) have tumbled by more than 5% today.

COVID-19 update

New South Wales recorded three cases of community transmission in the most recent 24-hour reporting period, all linked to the Berala cluster in western Sydney.

Queensland Premier Annastacia Palaszczuk announced an end to Greater Brisbane’s lockdown after three consecutive days of no cases.

The region will see its lockdown end at 6 pm tonight but masks will remain mandated for most indoor venues.

Top gainers

Today’s top gainers on the ASX include Castillo Copper Ltd (ASX:CCZ) (+45.45%), Buru Energy Limited (ASX:BRU) (+16.67%), Arafura Resources Limited (ASX:ARU) (+13.33%), Brookside Energy Ltd (ASX:BRK) (+12.50%), Whitebark Energy Ltd (ASX:WBE) (+33.33%), Anteris Technologies Ltd (ASX:AVR) (+20.93%) and Cipherpoint Ltd (ASX:CPT) (+19.15%).

Proactive news headlines:

PolarX secures exclusive option to acquire rights to high-grade gold-silver project in north-western Nevada

PolarX Ltd (ASX:PXX) (FRA:PX0) has secured an option to acquire a mining lease agreement over the highly prospective Humboldt Range Gold-Silver Project in Nevada, which comprises 177 lode mining claims.

Piedmont Lithium makes US$12 million strategic investment in Quebec hard-rock lithium developer Sayona Mining

Piedmont Lithium Ltd (ASX:PLL) (NASDAQ:PLL) (OTCMKTS:PDDTF) has established a strategic partnership with Sayona Mining Ltd (ASX:SYA) (OTCMKTS:DMNXF) (FRA:DML) by purchasing equity stakes in Sayona and its Quebec subsidiary Sayona Quebec Inc, as well as a binding supply agreement for at least 50% of Sayona Quebec’s planned spodumene concentrate production.

Twenty Seven Co signs sale purchase agreement to expand Yarbu Project in Western Australia

Twenty Seven Co Ltd (ASX:TSC) has signed the tenement sale and purchase agreement (SPA) with Revolution Mining Pty Ltd to acquire two tenements, E77/2540 and E77/2539, nearly doubling and expanding the Yarbu Gold Project in Western Australia.

CV Check hits quarterly and half yearly record with strong balance sheet and cash positive in second quarter

CV Check Ltd (ASX:CV1) has recorded an all-time company record for the quarter and half-year as its revenue continued to build momentum steadily across the December quarter.

Castillo Copper soars as broad high-grade results confirm ‘game-changing’ copper discovery at Big One Deposit

Castillo Copper Ltd’s (ASX:CCZ) (LON:CCZ) (FRA:7OR) has soared 90% in early trading as assays for the 200 series and six drill-holes for the 300 series significantly extend known mineralisation at the high-grade Big One Deposit within the core Mt Oxide Project in northwest Queensland.

Anson Resources begins lithium battery cell performance testing through Novonix

Anson Resources Ltd (ASX:ASN) (FRA:9MY) has engaged Novonix Battery Technology Solutions to test the performance of lithium hydroxide and lithium carbonate samples extracted from the company’s flagship Paradox Brine Project in Utah, USA, in lithium-ion battery cells.

Archer Materials welcomes publication of Australian Semiconductor Sector Study

Archer Materials Ltd (ASX:AXE) (OTCMKTS:ARRXF) (FRA:38A) has welcomed the publication of a comprehensive independent report, Australian Semiconductor Sector Study: Capabilities, opportunities and challenges for NSW’s meaningful participation in the global semiconductor value chain, by the Office of the NSW Chief Scientist & Engineer.

Queensland Pacific Metals non-executive chairman makes on-market purchase

Queensland Pacific Metals Ltd (ASX:QPM) (FRA:4EA) non-executive chairman Eddie King has shown support in the company’s TECH Project, with an on-market share purchase.

Vango Mining boosts board skill set with appointment of industry veteran

Vango Mining Limited (ASX:VAN) has appointed The Honourable Craig Wallace as an independent non‐executive director effective today in line with the company’s commitment to continue reviewing and refreshing its board and management.

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Castillo Copper Ltd named herein, including the promotion by the Company of Castillo Copper Ltd in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

DDH1 Limited debuts on ASX following $150 million fundraise

DDH1 Limited's (ASX:DDH) Sy Van Dyk speaks to Proactive's Andrew Scott following its successful listing on the ASX in what was one of the largest IPOs by a Western Australia-based business in the past decade. DDH1 raised $150 million from new investors at $1.10 per share. He says they're now...

3 hours, 57 minutes ago

4 min read