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Base metals on the London Metal Exchange were lower again yesterday bar lead, with zinc at its lowest point since August last year.
Canadian investors returned from a public holiday without enthusiasm for metals and mining stocks, with the sector closing down 2.54% on the TSX yesterday.
However gold hopeful TMAC Resources (TSX: TMR) provided a high note, closing up C$1.02 or 18.21% to $6.62.
Its shares were trading above $14 at this time last year. The company recently reached a permitting milestone for its Hope Bay gold project in Nunavut.
In the US, the S&P closed lower ahead of Independence Day today.
Newmont Mining (NYSE: NEM) was up slightly after declaring commercial production at Twin Creeks.
In Australian trade this afternoon, gold miners were two of the top five gainers on the benchmark S&P/ASX200 index.
Resolute Mining (ASX: RSG) was up more than 5.3% after yesterday outlining lower costs and a longer mine life for Syama, and St Barbara (ASX: SBM) was almost 3.5% higher at the time of writing.
