S&P/ASX 200 breaks through 7,000 for the first time in over a year

Brent crude futures rose 0.67%, to US$63.16 a barrel on Wednesday on improving global economic outlook.

Alta Zinc Ltd - S&P/ASX 200
Gold prices fell 0.4% to US$1,737.01 per ounce on Wednesday a day after hitting a more than one-week peak.

S&P/ASX 200 (INDEXASX:XJO) is trading higher for a fifth day, lifting by 1% to 6,997 points by 1.05 pm with iron ore miners and banks making strong gains.

The index rose above 7,000 points and hit a 13-month high earlier in the day. S&P/ASX 200 is now only a little over 3% away from its pre-COVID record highs.

Dividend payments

More than a dozen companies will be distributing dividends to investors on Thursday including Brambles (ASX:BXB), South32 (ASX:S32), Regis (ASX:REG) and Inghams (ASX:ING).

Imugene (ASX:IMU) gained 1.6% after lifting by 19.2% on Wednesday following the announcement of progress for a clinical trial of a cancer treatment yesterday.

Western Areas (ASX:WSA) rose 4.7% after recording a 20% quarter on quarter lift in total nickel mined and a 27% rise in mined ore grade over the March quarter.

Top gainers

Today’s top gainers on the ASX include Alta Zinc Ltd (ASX:AZI) (+16.67%), Ansila Energy NL (ASX:ANA) (+11.54%), Carnavale Resources Limited (ASX:CAV) (+12.50%), Elementos Limited (ASX:ELT) (+10.00%), Golden State Mining Ltd  (ASX:GSM) (+11.11%), Kneomedia Ltd (ASX:KNM) (+12.50%) and PNX Metals Ltd (ASX:PNX) (+14.29%).

Proactive news headlines:

Theta Gold Mines higher on delivering maiden 490,000-ounce underground high-grade gold reserve

Theta Gold Mines Ltd (ASX:TGM) (OTCMKTS:TGMGF) is trading higher after delivering a maiden underground mining reserve for the high-grade TGME Underground Project in South Africa - 490,000 ounces of gold at 5.49 g/t gold.

Archer Materials developing a biochip one-billionth of a metre long to help detect respiratory disease

Archer Materials Ltd (ASX:AXE) (OTCMKTS:ARRXF) (FRA:38A) has begun developing biochip components that are less than 10 nanometres in size - for reference, the average human hair is around 75,000 nanometres wide.

Perpetual Resources applies for Mining Lease at large-scale high-grade Beharra Silica Project

Perpetual Resources Ltd (ASX:PEC) has taken another step towards developing its 100%-owned high-grade Beharra Silica Project in Western Australia by lodging a Mining Lease Application (MLA 70/1406).

Musgrave Minerals new Big Sky target extends high-grade gold anomaly to more than 1.2 kilometres at Cue Project

Musgrave Minerals Ltd (ASX:MGV) (OTCMKTS:MGVMF) (FRA:6MU) has extended the Big Sky high-grade anomaly target at Cue Gold Project to more than 1.2 kilometres in recent aircore drilling.

Yandal Resources substantial holder DGO Gold provides strong vote of confidence by lifting stake to 14.26%

Yandal Resources Ltd (ASX:YRL) substantial holder DGO Gold Ltd (ASX:DGO) has increased its stake in the company to 14.26% from 8.69%.

Alchemy Resources outlines “aggressive” 20,000-metre gold drilling program at Karonie

Alchemy Resources Ltd (ASX:ALY) (FRA:45A) has outlined an aggressive drill program at its fully-owned Karonie Project in Western Australia’s Goldfields, with 20,000 metres to be drilled.

Tietto Minerals on track to be West Africa’s next gold miner following "compelling" Abujar pre-feasibility study

Tietto Minerals Ltd (ASX:TIE) is on track to become West Africa’s next gold miner after delivering a "compelling" pre-feasibility (PFS) study for its flagship Abujar Gold Project in Cote d’Ivoire.

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