Australian gold mining stocks jumped in recent Monday trade as the price of the precious metal ticked higher.
Northern Star Resources (ASX:NST) and Newmont (ASX:NEM) both advanced nearly 5%, while Evolution Mining (ASX:EVN) gained more than 4%.
Comex gold futures were up nearly 1%, and spot gold prices rose past 1%.
Meeka Metals (ASX:MEK) said ore development started at its previously unmined Judy North orebody in Western Australia, according to a Monday filing with the Australian bourse.Judy North is an initial 96,000 ounces at 5.4 grams per tonne grade of gold resource at the Andy Well underground mine, which was accessed from an existing decline with ore development currently ramping up, per the filing.Ore development at the site is underway on two levels, and a further three levels are expected to start in the June quarter, the company said.Meeka Metals shares gained 15% in recent Monday trade.
EuroSports Global (SGX:5G1) is expecting to raise nearly SG$2 million through the subscription of 26.5 million shares by Align Auto at SG$0.075 per share, according to a Monday filing with the Singapore Exchange.Align Auto deals in the retail sale of motor vehicles.The subscription shares represent around 10% of the company's issued and paid-up share capital.The proposed subscription is aimed at improving the company's financial position.Shares of the luxury lifestyle company surged over 62% in Monday trading.
Materials stocks advanced nearly 2% at midday Monday.BHP Group (ASX:BHP) shares were up more than 1% in recent trade as the price of coking coal spiked following an explosion at a Chinese coal mine on Friday.Meanwhile, the energy sector struggled, shedding more than 2%.Shares of Woodside Energy Group (ASX:WDS) fell nearly 4% in midday trade.