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S&P/ASX 200 extends gain for a second day as miners and energy stocks rise
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2021-07-19 by Proactive Australia
Predictive Discovery Ltd (ASX:PDI) shares have reached a new eight-year high, up more than 55% to as much as A$0.1475 intra-day on the back of bonanza grades at the Bankan Gold Project in Guinea that revealed a new high-grade zone.
The high-grade intersections have extended the gold core zone down dip for more than 250 metres, which is also open at depth.
Notable results over broad widths and consistency increasing at depth include:
49.7 metres at 11.7 g/t gold from 301 metres, including 17 metres at 31.9 g/t from 313 metres and 7 metres at 50.3 g/t; and
55.6 metres at 5.7 g/t from 237 metres, including 40 metres at 7.3 g/t from 239 metres.
S&P/ASX 200 dips as Victoria’s lockdown gets extended
OPEC and its allies reached a deal on Sunday to phase out 5.8 million barrels per day of oil production cuts by September 2022 as oil prices hit their highest levels in more than two years. Zoom announced on Sunday that its buying Five9, a provider of cloud contact centre software, in an all-stock deal valuing Five9 at US$14.7 billion.
S&P/ASX 200 (INDEXASX:XJO) was trading 0.82% lower at 7288 points by about 12.50 pm as Victoria’s lockdown was extended as the state grapples with the Delta variant of COVID-19.
Premier Daniel Andrews said that ending the lockdown would not be the right thing to do.
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