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Australian stocks have been pulled down by Energy and healthcare stocks with the ASX200 falling 32.2 points or 0.6% to 5299.2.
This comes after crude prices dropped again with the West Texas Intermediate crude oil for February delivery falling 4.6% to settle at US$46.25 a barrel yesterday.
Oil and gas stocks lost ground with Oil Search () down 1.0% to $7.14 () dipping 0.1% to $7.49 and () falling 2.6% to $34.16
Market action here…
() is up 13% to $0.305.
In December the company raised $10 million for working capital by entering into a secured Gold Prepay Facility with the of Australia ().
Under the Facility Silver Lake will deliver a total of 7056.31 ounces of gold to CBA between January 2015 and July 2016 at 392.02 ounces per month.
The Facility is secured by way of mining mortgages over the Daisy Milano and Randalls mill tenements and a general security interest over all assets of Silver Lake and its wholly owned subsidiary Silver Lake (Integra) Pty Ltd.
Oil and Gas () rose 15.4% to $0.06 () gained 12% to $0.028 and () jumped 30.8% to $0.017.
() gained 10% to $0.011 () rose 10% to $0.033 and () is up 60% to $0.008.
Other Blue Chip stocks
Major miners
() up 0.6% to $27.05
() up 1.8% to $2.31
Newcrest () up 6.8% to $12.97
(ASX:RIO) down 0.5% to $53.89
Big 4 banks
ANZ Bank (ASX:ANZ) down 0.8% to $31.26
() up 0.1% to $83.57
() down 0.4% to $33.37
() down 0.1% to $32.76
Other banks financials and industrials
() down 1.5% to $5.30
() down 0.8% to $11.71
Bendigo and Adelaide Bank () down 0.9% to $12.62
() down 1.0% to $55.29
Suncorp () down 0.9% to $13.82
() up 0.3% to $6.22
Retailers
JB Hi-FI () down 1.2% to $16.15
() up 0.1% to $42.62
Woolworths () up 1.5% to $30.69
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