Australia

S&P/ASX 200 closes 0.62% higher as gold miners shine

S&P/ASX 200 (INDEXASX:XJO) gained 36.5 points or 0.62% to close at 5934.4 thanks to gains from banks, gold miners, retailers and property stocks.

Gold miners Northern Star Resources Ltd (ASX:NST) surged 7% while Evolution Mining Ltd (ASX:EVN) was up 6%.

Australia's big four iron ore miners exported 82.2 million tonnes in June, a 12% monthly increase on an annualised basis.

Today is set to be a busy day for global markets with data on manufacturing activity to be released in the UK, Europe and the US.

COVID-19 update


Top US infectious disease expert Dr Anthony Fauci said COVID-19 cases could grow to 100,000 a day in the country if Americans do not start following public health recommendations.

Asked to forecast the outcome of recent surges in some states, Dr Fauci said he can't make an accurate prediction but believes it will be "very disturbing".

"We are now having 40,000+ new cases a day. I would not be surprised if we go up to to 100,000 a day if this does not turn around, and so I am very concerned.”

Top gainers


Top gainers on the ASX today include De Grey Mining Limited (ASX:DEG) (+10.50%), Artemis Resources Ltd (ASX:ARV) (+10.34%), Horizon Minerals Ltd (ASX:HRZ) (+13.64%), Archtis Ltd (ASX:AR9) (+34.78%), Bryah Resources Ltd (ASX:BYH) (+14.58%) and Castillo Copper Ltd (ASX:CCZ) (+15.38%).

Proactive news headlines

Great Southern Mining shares jump after drilling visible gold at Coxs Find Project


Great Southern Mining Ltd (ASX:GSN) has confirmed the occurrence of visible gold-bearing mineralisation in diamond drill core from its Coxs Find Gold Project in WA. Hole 20CFRCD0004 was drilled immediately down plunge from the known historical Coxs Find workings and was designed to intersect an area of known high-grade mineralisation that has previously been identified from the recent 2019 December drill campaign.

VIP Gloves to boost annual output 60% with four new nitrile glove production lines


VIP Gloves Ltd (ASX:VIP) plans to boost production capacity by up to 60% with the installation of four additional new production lines over the next 18 months to meet the strong demand for nitrile gloves on the back of the prolonged global COVID-19 pandemic. As part of its plans, the company raised $2.3 million to part-finance the installation of the initial two new nitrile glove production lines at its factory premises in Selangor, Malaysia.

Canyon Resources robust PFS demonstrates Minim Martap Bauxite Project potential


Canyon Resources Ltd (ASX:CAY) has delivered a robust pre-feasibility study for the Minim Martap Bauxite Project in Cameroon, West Africa, that confirms the projects potential to produce high-quality, low-contaminant bauxite over a long mine life of at least 20 years via a multi-stage development. The PFS expands on Canyons scoping study in November 2019 and is underpinned by Minim Martaps very high-grade, low silica bauxite resource, positioning the project as one of the highest quality bauxite deposits globally and providing diversification away from concentrated Guinea supply.

Technology Metals 32% lift in indicated vanadium resource provides scope to boost Gabanintha mine life


Technology Metals Australia Ltd (ASX:TMT) has increased the Gabanintha Vanadium Project measured and indicated resource by 32% to 9.6 million tonnes at 1% vanadium, providing scope to extend the mine life. The increase is a result of a maiRead More – Source