The equity market of Australia closed the session in red and the benchmark index i.e., S&P/ASX200 settled at 7008.4, reflecting a decline of 23.1 points or 0.3%. At the end of the trading day, All Ordinaries witnessed a fall of 27.3 points and closed at 7108.6. Moving towards the performance of some sectors on ASX, S&P/ASX 300 Metals and Mining (Industry) registered a decline of 51.8 points and marked the closing at 4,527.1. S&P/ASX 200 Materials (Sector) ended the session at 14,059.7 with a decline of 144.3 points.
Despite fall in market, some companies reported decent performance during the trading session. Gold Road Resources Limited (ASX: GOR) ended the session at A$1.495 with a rise of 11.152%. Treasury Wine Estates Limited (ASX: TWE) experienced a rise of 5.263% and closed at A$13.000.
Let us now look at the gainers and losers at NZX Main Board. New Talisman Gold Mines Limited (NZX: NTL) emerged as the top gainer, which closed the session with a rise of 14.29% at NZ$0.008. Livestock Improvement Corporation Ltd (NS) (NZX: LIC) mounted up by 9.33% and closed the session at NZ$0.820 per share. Coming to the losers, Gentrack Group Limited (NZX: GTK) witnessed a fall of 5.07% and settled at NZ$2.060.
Recently, we penned an article on Pacifico Minerals Limited (ASX: PMY), where we covered important information. To view, please click here.
Gold Road Resources Limited Releases December Quarter Results
Gold Road Resources Limited (ASX: GOR) notified the market with the activities for December 2019 quarter, highlighting that Gruyere produced 70,023 ounces in the quarter and 99,130 ounces for 2019, which stood at the top end of guidance of 75,000 to 100,000 ounces.
The company also met its cost guidance for the quarter with AISC of A$1,102 per attributable ounce. It added that during January 2020, the company experienced decent cash generation from Gruyere, which allowed GOR to make a considerable debt repayment amounting to A$38 million. At the end of quarter, the company had cash of A$101.3 million and net cash of A$20.9 million.
Treasury Wine Estates Limited Ends Session in Green
Treasury Wine Estates Limited (ASX: TWE) recently announced its results for 1H FY20, registering a rise of 5% in NPAT to $229.2 million. EPS stood at 31.9 cents per share, reflecting a rise of 5%.
The company added that the premiumisation continued to generate operating performance throughout all regions, with NSR from the Luxury and Masstige segments witnessing growth of 7% in 1H FY20. This currently demonstrates 73% of Group NSR.
The Board of the company declared to pay a fully franked interim dividend amounting to 20 cents per share, reflecting a rise of 11% as compared to the previous corresponding period.
This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.