One firm has caught out like a sore thumb because the Australian share market ended flat on Monday.
The ASX200 closed up simply 6.80 factors or 0.09 per cent to 7410.40 with most sectors gaining reasonably.
Not everybody was having fun with the calm situations, with supplies firm Silver Lake Resources sharply falling by 20.18 per cent to only $0.89.
The tumble got here after the miner reported it anticipated much less gold to be produced and bought subsequent monetary yr.
The firm produced 81,616 ounces of gold and 642 tonnes copper within the June quarter to deliver FY23 manufacturing to 261,604 ounces of gold and 1483 tonnes of copper.
It achieved a gross sales steerage of 260,372 ounces at a mean gross sales worth of $2697 per ounce and all-in sustaining value of $1941 per ounce
Gold gross sales for the corporate are anticipated to dip to be within the vary of 210,000 to 230,000 subsequent yr.
Silver Lake by far outstripped the opposite losers on right now’s share market, with IGO falling by 4.63 per cent to $13.80 adopted by Megaport restricted with a 3.77 per cent drop to $10.20 a share.
Despite the tanking of 1 miner, the supplies sector managed to be one of many seven ending within the inexperienced on Monday, scraping by with 0.10 per cent progress.
The sector additionally took out the highest two spots of the day, with Alumina rising 2.88 per cent to $1.43 and Lynas Rare Earth getting a 2.59 per cent increase to $6.73.
The different massive miners noticed constructive outcomes with BHP up 0.46 per cent to $46.01 and Rio Tinto up 0.39 per cent to $117.07 whereas Fortescue completed flat at 21.68.
The identical couldn’t be mentioned for the buyer staples sector which fell 0.75 per cent, utilities which fell by 0.47 per cent and IT which fell by 0.32 per cent.
The banks have been totally on the up on Monday with solely ANZ down by 0.04 per cent to $25.75.
Westpac noticed the most important increase of 0.27 per cent to $22.34 adopted by NAB up 0.14 per cent to $28.42 and CBA up 0.20 to $105.71.
The main supermarkets additionally took a tumble with Woolworths down 1.30 per cent to $38.62 and Coles down 0.93 to $18.19.
Source: www.perthnow.com.au
