Mining stocks have suffered since Mining Journal's last update, as markets took a tumble with commodity prices finishing the week lower, investors adjusting to a surge in global bond yields, Bloomberg noted, and rising US wages prompting fears of inflation.
The S&P 500 share index recording its biggest fall since 2016 on Friday and its metals and mining sector fell almost 5%, with Freeport-McMoRan down 7.61%.
Toronto's metals and mining sector also closed lower, with big falls registered by Ivanhoe Mines (CN:IVN) - down 9.97% on concerns about changes to the Democratic Republic of Congo's mining code - and Hudbay Minerals (CN:HBM) down about 5%.
In London, Glencore (LN:GLEN) lost more than 4% but Rio Tinto (LN:RIO) only lost 0.7%.
Larger capitalised Australian mining stocks were also hit in today's trade, representing all five of today's biggest decliners on the S&P/ASX 200.
Gold miner Resolute Mining (AU:RSG) was worst off, losing almost 9.5%, while BHP (AU:BHP) was better off than some and closed down 2%.
The gold price was back around US$1,330 an ounce on the spot market earlier today.
