CAPITAL MARKETS

Mixed mood for miners

Markets higher, majors mixed

Staff reporter
Goldcorp rose in mixed period for mining equities

Goldcorp rose in mixed period for mining equities

The S&P 500, London's FTSE 100 and the TSX and Venture Exchanges' composite indices all closed higher yesterday, while the S&P/ASX 200 breached the 6,100 point mark in early trade.

Teck Resources (CN:TECK.A) closed slightly higher in Toronto, in London Rio Tinto (LN:RIO) barely changed while Glencore (LN:GLEN) lost just over 1% and BHP (AU:BHP) headed slightly higher in Australian trade this afternoon.

Gold stocks were also mixed in Toronto, with Goldcorp (CN:G) rising 1.27% and Barrick Gold (CN:ABX) easing just over 1%.

The gold price dropped back after yesterday's gains and was earlier trading around US$1,307 an ounce.

Having started the year with a burst, larger capitalised Australian miners were among the biggest decliners on the local index in afternoon trade today, with gold miner St Barbara (AU:SBM) down around 5%.

Fellow gold producers Saracen Mineral Holdings (AU:SAR) and Evolution Mining (AU:EVN) also dropped, as did diversified Independence Group (AU:IGO).

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.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.