The All Ordinaries Index (ASX: XAO) is finally getting some reprieve today.
Following a positive lead from Wall Street overnight, the ASX All Ords index is sitting in the green. At the time of writing, it's climbed 1.6% to 6,765 points.
But there are some ASX All Ords shares gaining a lot more than most.
Let's take a look at three ASX All Ords shares charging higher today on positive developments.
Premier Investments Limited (ASX: PMV)
The Premier Investments share price is flying today after the ASX retailer handed in its FY22 results. At the time of writing, Premier shares have soared 13% to change hands at $23.35 apiece.
Despite Premier's stores being closed for a combined 42,675 trading days in FY22, the group managed to deliver nearly $1.5 billion of sales, up 5.2% from the prior year.
Underlying earnings before interest and tax (EBIT) grew at a faster clip, lifting 10.2% to $335 million. But perhaps even more impressively, this figure has doubled from the pre-COVID period of FY19.
On the back of these results, Premier announced a slew of capital management initiatives.
It declared a fully franked final dividend of 54 cents, representing a 17% hike from the prior year.
As a bonus for shareholders, the retailer also declared a fully franked special dividend of 25 cents.
Plus, Premier will be delivering further returns to shareholders via a 12-month on-market share buyback of up to $50 million.
29Metals Ltd (ASX: 29M)
Next up, the 29Metals share price is also charging higher today. At the time of writing, 29Metals shares have surged 11.2% to $2.29.
For those unfamiliar, 29Metals is a base and precious metals miner with a focus on copper. It currently has a market capitalisation of around $1.1 billion.
The 29Metals share price is lighting up today after the company revealed it has secured a key contract renewal.
It's extended its underground mining services agreement with Byrnecut for a further five years at the Golden Grove mine.
Golden Grove is a high-grade copper, zinc, and precious metals mining operation in Western Australia.
29Metals noted the contract is on "substantially the same terms" as the existing contract and covers development and production in the Gossan Hill and Scuddle mines at Golden Grove. The new contract will commence on 1 October 2022.
Predictive Discovery Ltd (ASX: PDI)
Last but not least, Predictive Discovery is another ASX All Ords share running hot today.
At the time of writing, the Predictive Discovery share price has raced 9.1% higher to sit at 18 cents. On the back of this rise, the company's market cap now sits just above $300 million.
Predictive Discovery is a gold exploration company. Its flagship project is the Bankan Gold Project, a tier 1 gold asset in Guinea with an inferred mineral resource estimate of 4.2 million ounces (oz) of gold.
The Predictive Discovery share price is shining today after the company announced a new set of drilling results at its Bankan Gold Project.
These results include a total of 1,266 holes for 42,877 metres, drilled between April and mid-September 2022. A variety of drilling methods were used across diamond drill (DD), reverse circulation (RC), near-mine air core (AC), and power auger (AG).
The company noted that the deeper DD results demonstrate further continuity of gold mineralisation and grade outside of the current resource.
Meanwhile, the near-mine AC and AG drilling results have provided additional shallow and near-term deposit targets. These have the potential to add additional resource ounces to the Bankan Gold Project.
Commenting on the results, managing director Andrew Pardey said:
The drill results reported today are a combination of targeting the high-grade zone beneath the NE Bankan optimised resource pit shell, combined with the RC grade control drilling program adding to and improving the quality of Bankan's 4.2Moz inferred Resource.
We remain on track to deliver on the 60,000m RC and DD campaigns and have commenced the work on the detailed Scoping Study due to be completed in the second half of 2023.
