CAPITAL MARKETS

TSX touches all-time high

Base metals, BHP lower

Staff reporter
 Image: unsplash/John Salvino

Image: unsplash/John Salvino

Overall, metals and mining equities in Toronto missed out on the fun, closing a collective 2% lower.
 
However gold major Barrick Gold (TSX: ABX) gained 1.5% for the day and Guyana Goldfields (TSX: GUY), which plunged in October on lowered guidance and another review of its flagship operation, showed an improvement.
 
Its shares gained C10c to close up almost 18% at 66c, but they remain near a 52-week low and about a third the value of January's peak of $1.85.
 
Elsewhere, Asian and European market indices closed lower yesterday and market futures were mixed.
 
Base metals were down across the board on the London Metal Exchange.
 
In Australia, BHP (ASX: BHP) was off 1.4% in morning trade, after its surprise announcement Mike Henry would replace retiring Andrew Mackenzie as CEO, effective January 1.
 
Henry has been BHP's president operations, minerals Australia, since February 2016 and will be paid a base salary of US$1.7 million as CEO.
 

 

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.