One stock that rose on ASX and one that fell hard – Evolution Mining Limited and Mesoblast Limited
Rising gold prices boosted the stock sentiment: Evolution Mining Limited (ASX: EVN) stock rallied over 5.4% on March 27, 2017 driven by the rising gold prices. The group recently reported that Ernest Henry mine performance is on track. During the first two months of the year, the production from group’s stake in Ernest Henry reached 13,112 ounces of payable gold at a negative All-in Sustaining Cost of A$(378) per ounce. The group’s overall gold production in the March 2017 quarter is forecasted to be over 200,000 ounces. Management also reported that they are on track to reach a production guidance of 800,000 – 860,000 ounces at an AISC of A$900 – A$960 per ounce for fiscal year of 2017. On the other hand, the group has advised that it has taken precautions to prepare its Mt Carlton gold operation in Queensland to withstand any impact from the Tropical Cyclone Debbie (expected to cross the coast near Ayr in Far North Queensland on March 28, 2017).
To read the complete report CLICK HERE. To get your free report CLICK HERE
The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people.Kalkine.com.au and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376).The information on this website has been prepared from a wide variety of sources, which Kalkine Pty Ltd, to the best of its knowledge and belief, considers accurate. You should make your own enquiries about any investments and we strongly suggest you seek advice before acting upon any recommendation.Kalkine Pty Ltd has made every effort to ensure the reliability of information contained in its newsletters and websites. All information represents our views at the date of publication and may change without notice. To the extent permitted by law, Kalkine Pty Ltd excludes all liability for any loss or damage arising from the use of this website and any information published (including any indirect or consequential loss, any data loss or data corruption). If the law prohibits this exclusion, Kalkine Pty Ltd hereby limits its liability, to the extent permitted by law to the resupply of services. There may be a product disclosure statement or other offer document for the securities and financial products we write about in Kalkine Reports. You should obtain a copy of the product disclosure statement or offer document before making any decision about whether to acquire the security or product.The link to our Terms & Conditions has been provided please go through them and also have a read of the Financial Services Guide. On the date of publishing this report (mentioned on the website), employees and/or associates of Kalkine Pty Ltd currently hold positions in: BHP, BKY, KCN, PDN, and RIO. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.
Copyright © 2015 Kalkine Pty Ltd ABN 34 154 808 312. No part of this website, or its content, may be reproduced in any form without the prior consent of Kalkine Pty Ltd.
Kalkine is a trading name of Kalkine Pty Ltd ABN 34 154 808 312, which holds Australian Financial Services Licence No. 425376.