CAPITAL MARKETS

Markets, miners move higher

US tax reform optimism, commodity price rises boost stocks

Staff reporter
 Gold equities among rising stocks

Gold equities among rising stocks

Four of the top five gainers on the S&P/ASX 200 today were mining stocks.

Rare earths producer Lynas Corp (AU:LYC) led the way with a 7.4% rise as it re-entered the index today in the December rebalance.

Graphite developer Syrah Resources (AU:SYR) rose and lithium miner Orocobre (AU:ORE) added to yesterday's gains, both rising more than 5%.

Gold miner Saracen Mineral Holdings (AU:SAR) was up a similar amount as the gold price improved to hold above US$1,262 an ounce on the spot market.

Among the gold majors, Barrick Gold (CN:ABX) had risen 1.65% in Toronto, Newmont Mining (US:NEM) closed up more than 2% in New York and Randgold Resources (LN:RRS) rose 1.9% in London.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

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