CAPITAL MARKETS

Canadian juniors in demand

Provenance Gold up 51%

Staff reporter
The M Vein area at Provenance Gold’s 2K project

The M Vein area at Provenance Gold’s 2K project

Gold hopeful Provenance Gold (CSE: PAU) shot up more than 51% yesterday on no news.

Provenance, which debuted on the CSE in October, rose more than C10c to close at 31c.

A month ago it closed the first tranche of a non-brokered private placement at 25c per unit, ahead of what it anticipates being "a busy yet very rewarding exploration season" at its 2K project under option in the Yukon.

On the TSX Venture Exchange, explorer Jasper Mining Corporation's (TSXV: JSP) shares doubled in value from 8c to 16c, almost a week since the company outlined plans to reduce costs and the number of properties it intended to maintain.

Fellow junior Millrock Resources (TSXV: MRO) rose almost 40% to 39c yesterday, having pointed last week to its partner PolarX's drill plans at the Zackly copper-gold deposit in Alaska.

Over on the TSX, Talon Metals (TSX: TLO) rose more than 42% to 10c after postponing its annual and special general meeting as the company was "currently considering other special business that might properly require shareholder approval".

The metals and mining sector on the TSX closed up 0.31% yesterday.

Elsewhere at the bigger end of town, Barrick Gold (TSX: ABX) closed down 1.59%, Rio Tinto closed up 1.2% in London and BHP (ASX: BHP) was down more than 1.3% in afternoon Australian trade.

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.