CAPITAL MARKETS

Zinc price lift

Zinc equities boosted

Staff reporter

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

Zinc-focused Trevali Mining (TSX: TV) gained 16% yesterday and diversified Hudbay Minerals (TSX: HBM) was up 2.47% in Canada.

Toronto's metals and mining stocks had closed up 0.11% on the S&P/TSX Composite Index. The gold patch was down 0.39% but the diversified sector was up 1.95% with First Quantum Minerals (TSX: FM) up 2.3%.

Similarly in Australia, S&P/ASX200 gold stocks were off about 1.75% at the time of writing but the diversified sector was up 1.1%.

New Century Resources (ASX: NCZ) which is nearing the restart of the Century zinc mine in Queensland was up more than 4% in afternoon trade.

Among the larger capitalised stocks, miner and mining services company Mineral Resources (ASX: MIN) was up close to 8%.

It is jointly developing a graphite pilot plant with junior Hazer Group (ASX: HZR), which today said pre-pilot plant testing was complete and showing production rate improvements in the order of 400%. Hazer was more than 21% higher this afternoon.

BHP (ASX: BHP) was up more than 0.3% following on from yesterday's gain on strong yearly operational results.

Finally in London, the FTSE100 metals and mining sector had closed 1.71% higher, with gains across the board including Glencore's (LSE: GLEN) 1.72%.

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.