CAPITAL MARKETS

Juniors, Compass point north

Gold steady as US lifts interest rates

Staff reporter

This article is 6 years old. Images might not display.

The gold price is slightly higher than at this point yesterday, trading at US$1,299.60 on the spot market.

Mali gold explorer Compass Gold (TSXV: CVB) gained 19.05% yesterday to 50c, having identified "four discrete gold anomalies" at its Sikasso project last month.

Papua New Guinea gold miner K92 Mining (TSXV: KNT) hit a 52-week high yesterday, gaining 12.5% to C90c despite no news since announcing high-grade results in Kora North extension drilling earlier this month.

Cornerstone Metals (TSXV: CCC) also touched 52-week high intraday of C$1 but closed down more than 8% to 90c. Its shares have traded below 40c for much of the past year.

The company had yesterday pointed to the US House of Representatives passing Amendment #122 to streamline critical and strategic minerals projects, saying it "could help fast track" its Carlin vanadium project in Nevada.

At the bigger end of town, Newmont Mining (NYSE: NEM) closed down 0.2% in New York, while Rio Tinto (LSE: RIO) closed almost 0.3% higher in London.

BHP (ASX: BHP) was up a similar amount and lithium producer Orocobre (ASX: ORE) was one of the bigger gainers on the benchmark S&P/ASX200 index, up more than 5%, 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.