CAPITAL MARKETS

All eyes on US-China trade talks

Prophecy rises on Bolivia approval

Staff reporter
 Prophecy rose as it gained mining approval for Pulacayo in Bolivia

Prophecy rose as it gained mining approval for Pulacayo in Bolivia

Officials started two days of negotiations on Monday, with high-level talks involving Chinese vice premier Liu He, US trade representative Robert Lighthizer and treasury secretary Steven Mnuchin scheduled for Thursday, Bloomberg reported.

European and Australian market indices had closed higher yesterday while US and Asian markets closed lower.

China meanwhile has reportedly added more than 100 tonnes of gold to its reserves since resuming buying in December as trade tensions festered.

The gold price has slipped below US$1,500 an ounce to about $1,493/oz on the spot market earlier.

Copper rose about 1.4% on the London Metal Exchange yesterday.

China returns from a week-long holiday today.

Prophecy Development Corp (TSX: PCY) was one of the bigger movers in Toronto, gaining 25.6% yesterday as Bolivia granted the final mining production contract for its Pulacayo and Paca projects.

Over on the TSX Venture Exchange, Yukon explorer Triumph Gold (TSXV: TIG) jumped 34.5%, despite no news since last week's management appointments and last month's porphyry discovery at Freegold Mountain.

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.