In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a small gain. At the time of writing, the benchmark index is up 0.15% to 7,068.4 points.
Four ASX shares that are climbing more than most today are listed below. Here's why they are rising:
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Evolution Mining Ltd (ASX: EVN)
The Evolution Mining share price is up 2% to $3.53. Investors have been buying this gold miner's shares today after it released its quarterly activities report and an exploration update on its Mungari and Cowal operations. The former saw management maintain its FY 2024 guidance of 770,000 ounces of gold at an AISC of $1,370 per ounce.
Latin Resources Ltd (ASX: LRS)
The Latin Resources share price is up 3% to 27.4 cents. This follows the release of drilling results from the Salinas Lithium Project in Brazil. Management believes the results are pointing to the company sitting on top of a tier one deposit.
Mayne Pharma Group Ltd (ASX: MYX)
The Mayne Pharma share price is up 13% to $3.11. This has been driven by the release of the pharmaceutical company's quarterly update. Although Mayne Pharma posted a cash EBITDA loss of $1.7 million for the three months, this was a major improvement on the cash EBITDA loss of $19.5 million recorded in the previous quarter. This was underpinned by stronger sales and a major improvement in its gross margin.
Paladin Energy Ltd (ASX: PDN)
The Paladin Energy share price is up almost 3% to 95 cents. This morning, this uranium producer announced that it now holds a 100% interest in the Michelin advanced exploration project in Labrador, Canada. The Michelin Project is located in a premier mining jurisdiction with over US$75 million of in-ground exploration work previously undertaken.
