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Despite taking back some of the day’s early losses, the ASX fell just shy of a positive finish on Wednesday.

The ASX 200 closed down 5.7 points or 0.08 per cent at 7316.3 points.

The Australian Bureau of Statistics this morning revealed inflation had eased over the March quarter compared to the December quarter. However, at 7 per cent, it’s still well above the RBA target of 2 to 3 per cent. 

In the green

Gold producer Golden Road Resources (GOR) was a standout on the market today, up nearly 5 per cent and touching its highest-ever close around midday.

The rise comes after its quarterly report, released on Monday, showed an increase in production and lower costs.

GOR shares closed at $1.88.

Fellow gold producer Lion One Metals (LLO) soared more than 16 per cent after reporting new high grades from its Tuvatu gold project in Fiji.

The company intersected grades including 88 grams of gold per tonne over 5.7 metres.

LLO shares closed at $1.26.

In the red

Meanwhile, Mineral Resources (MIN) had a tough day on the market, tumbling more than 9 per cent off the back of its March quarterly, released today.

MinRes dropped its full-year production guidance, with volumes at its mining services leg falling to 52 million tonnes. Its shares were trading at $72.59 at market close.

And graphite producer Syrah Resources (SYR) took a tumble, shedding nearly 6 per cent ahead of its quarterly report, expected tomorrow.

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