ASX Midday Sector Update: Material Stocks Rise, Healthcare Fall

MT Newswires Live12-01

Material stocks rose nearly 1% at midday Monday. Spot gold had risen 1% on Friday, as it headed for a monthly gain for the fourth consecutive month. US futures hinted at a sell-off when Wall Street opens for trading.

Greatland Resources (ASX:GGP), whose shares jumped over 11%, said results from a feasibility study at its Havieron project in Western Australia showed a steady state average annual production target of 266,000 ounces of gold and 9,600 tonnes of copper. It updated the project's ore reserve to 38.5 million tonnes at 2.63 grams per tonne gold and 0.33% copper, for 33 million gold ounces and 128,000 copper tonnes.

On the flip side, the healthcare sector fell past 1%.

Pro Medicus' (ASX:PME) US unit, Visage Imaging, secured an additional AU$25 million, seven-year contract with BayCare. The contract, using a transaction-based licensing model, will integrate the company's cloud-based Visage 7 open archive into BayCare's existing Visage 7 viewer and Visage 7 workflow agreement signed in February.

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