NCM, PRU, SLR, GOR: Why were these ASX gold stocks in news today?

3 min read | June 17, 2022 06:39 PM AEST | By Ritwika

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NCM, PRU, SLR, GOR: Why were these ASX gold stocks in news today? — Image source: © Sashkinw | Megapixl.com

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Highlights

The ASX 200 Materials sector closed in the red territory today.

Most of the Materials stocks were influenced by the sectoral performance on the ASX today.

The S&P/ASX 200 Materials sector was the worst performing sectors on the ASX today (17 June) as it plunged 2.78% to close at 16443.4 points today.

However, the ASX 200 Gold stocks performed well and ended in green. The gold stocks garnered investors’ attention and were traded heavily on the ASX today. In this article, we will talk about the performance of four gold stocks under the ASX 200 materials sector- Newcrest Mining, Perseus Mining, Silver Lake Resources, and Gold Road Resources.

Newcrest Mining Limited (ASX:NCM)

The shares of Newcrest Mining Limited (ASX:NCM) closed 3.723% higher at AU$24.79 per share on the ASX today (17 June). The share price of Newcrest has fallen over 4% on the ASX over the past 12 months. On the other hand, Newcrest’s year-to-date share price gained over 1% on the ASX today (17 June).

Founded in 1990, Newcrest Mining Limited is an ASX-listed gold miner with a market capitalisation of AU$21.34 billion. The company is involved in the exploration, mining, operating, and selling of gold and gold & copper concentrates in Australia, Indonesia, and Papua New Guinea.

Also read: Newcrest (ASX:NCM) shares move up on finding new gold-copper targets in WA

Perseus Mining Limited (ASX:PRU)

Image source: © Bashta | Megapixl.com

The shares of Perseus Mining Limited (ASX:PRU) closed 2.989% higher at AU$1.895 per share on the ASX today (17 June). The share price of Perseus has gained over 36% on the ASX over the past 12 months. On the other hand, Perseus’ year-to-date share price has also gained over 14% on the ASX today.

Perseus is a West-Africa-based gold explorer and miner with a market capitalisation of AU$2.5 billion. The company mainly deals with mining, mineral exploration, evaluation and development activities. Perseus is also the owner Sissingué Gold Mine in Côte d’Ivoire, Grumesa Gold Project, Yaoure Gold Project and Edikan Gold Mine in Ghana.

Silver Lake Resources Limited (ASX:SLR)

The shares of Silver Lake Resources Limited (ASX:SLR) closed 6.209% higher at AU$1.625 per share on the ASX today (17 June). The share price of Silver Lake has fallen over 1% on the ASX over the past 12 months. On the other hand, Silver Lake’s year-to-date share price also fell over 7% on the ASX today (17 June).

Incorporated in 2004, Silver Lake Resources Limited is an ASX-listed gold miner and producer with a market capitalisation of AU$1.38 billion.

Also read: NCM, SLR, PRU: These gold stocks remained in news today, here’s why

Gold Road Resources Limited (ASX:GOR)

The shares of Gold Road Resources Limited (ASX:GOR) closed 2.857% higher at AU$1.26 per share on the ASX today (17 June). The share price of Gold Road has fallen over 12% on the ASX over the past 12 months. On the other hand, Gold Road’s year-to-date share price also fell over 20% on the ASX today (16 June).

Incorporated in 2004, Gold Road Resources Limited is an ASX-listed gold miner with a market capitalisation of AU$1.08 billion. The company primarily deals with mineral development projects.

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