ASX Market Close: Mixed day for the ASX | 10 July 2024

The Market Herald07-10

The ASX200 partially recovered from earlier losses but closed the day down a quarter of a percent. The telecommunications sector has been the top performer for two consecutive days, up one and a ...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nASX Market Close: Mixed day for the ASX | 10 July 2024\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-10 15:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://themarketonline.com.au/asx-market-close-mixed-day-for-the-asx-10-july-2024-2024-07-10/><strong>The Market Herald</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The ASX200 partially recovered from earlier losses but closed the day down a quarter of a percent.\nThe telecommunications sector has been the top performer for two consecutive days, up one and a ...</p>\n\n<a href=\"https://themarketonline.com.au/asx-market-close-mixed-day-for-the-asx-10-july-2024-2024-07-10/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BDM.AU","symbol_name":"BURGUNDY DIAMOND MINES LTD","start_time":0,"source_url":"https://themarketonline.com.au/asx-market-close-mixed-day-for-the-asx-10-july-2024-2024-07-10/","article_id":"2450859365","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2450859365","pubTimestamp":1720594860,"sourceInfo":{"source_id":"markerherald_stock","name":"The Market Herald"},"weMediaInfo":null,"summary":"The ASX200 partially recovered from earlier losses but closed the day downa quarter of a percent.The telecommunications sector has been the top performer for two consecutive days,up one and a quarter per cent. Utilities and Materials saw the largest declines, both dropping by 1.3%.Energy also fell bythree quarters of a per cent.Catalyst Metal  surged by23% following its announcement of achieving annual production of 110 thousand ouncesof goldat the Plutonic mine in Western Australia.In FY2024, the mine produced 85 thousand ounces,compared to60koz in FY2023, representing a 41% increase.At the end of the year, the company reported $37 million in cash and bullion on hand, with $45 million in available liquidity.Infini Resources gained49% following the release of soil assay results from its inaugural field sampling campaign at the Portland Creek Uranium Project in Newfoundland, Canada.Legacy Minerals Holdings is up13.2% after intersecting multiple new epithermal veins at theBaulooraProject","collect":0,"end_time":0,"defaultTopTitle":"themarketonline.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"BDM.AU":"BURGUNDY DIAMOND MINES LTD","I88.AU":"Infini Resources Limited","LGM.AU":"LEGACY MINERALS HOLDINGS LTD","SUM.AU":"SUMMIT MINERALS LTD","BK7104":"黄金","CYL.AU":"CATALYST METALS LTD","KM1.AU":"Kali Metals Limited","BK7095":"多种金属与采矿"},"translate_title":"澳大利亚证券交易所收盘：2024年7月10日澳大利亚证券交易所涨跌互现","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BDM.AU":1,"CYL.AU":1,"I88.AU":1,"KM1.AU":1,"LGM.AU":1,"SUM.AU":1},"content_text":"The ASX200 partially recovered from earlier losses but closed the day down a quarter of a percent.\nThe telecommunications sector has been the top performer for two consecutive days, up one and a quarter per cent. Utilities and Materials saw the largest declines, both dropping by 1.3%. Energy also fell by three quarters of a per cent.\nIn the Green\nCatalyst Metal (ASX:CYL) surged by 23% following its announcement of achieving annual production of 110 thousand ounces of gold at the Plutonic mine in Western Australia.\nIn FY2024, the mine produced 85 thousand ounces, compared to 60koz in FY2023, representing a 41% increase.\nAt the end of the year, the company reported $37 million in cash and bullion on hand, with $45 million in available liquidity.\nCYL closed the day at $1.41.\nInfini Resources (ASX:I88) gained 49% following the release of soil assay results from its inaugural field sampling campaign at the Portland Creek Uranium Project in Newfoundland, Canada.\nRe-assaying of 17 soil samples revealed promising surface geochemistry, with soil grades of up to 7.5% uranium.\nI88 closed the day at 73 cents.\nLegacy Minerals Holdings (ASX:LGM) is up 13.2% after intersecting multiple new epithermal veins at the Bauloora Project in New South Wales.\nThe potential of these targets is supported by gold and silver in surface rock chips and soil samples.\nDrill assays are expected by September 2024.\nLGM closed the day at 30 cents.\nIn the Red\nBurgundy Diamond Mines (ASX:BDM) fell as much as 5% despite commencing mine life extension drilling at its Misery underground mine. \nHistorically the mine has produced 1.1 million tonnes of ore annually, valued at US$235 million. A 30,000-tonne bulk sample will be collected in Q4 for grade and pricing assessment. \nResults from the Main ore body drilling are expected later this year. \nBDM closed the day at 19.5 cents.\nSummit Minerals (ASX:SUM) saw a 6.8% decline following the completion of a highly subscribed equity placement of $2.5 million at an offer price of $0.25 per share.\nThe funds raised will be used to accelerate exploration and drilling programs at the company’s Tantalum Equador project in Brazil.\nDespite the placement, the market did not react positively to the news.\nSUM closed the day at 27.5 cents.\nKali Metals (ASX:KM1) reported assay results from its Phase 1 RC drill program at the Spargoville Project, confirming the presence of Spodumene in several shallow dipping pegmatite dykes.\nThe company plans to commence its Phase 2 RC drill program in Q3 CY24.\nDespite this update, the market responded negatively, causing the stock to fall by 2%.\nKM1 closed the day at 23.5 cents.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2450859365"}