CAPITAL MARKETS

Market futures muted

Guyana, Orosur and Trek among market risers

Staff reporter
 Evraz closed lower in London as markets consider ongoing COVID-19 ramifications

Evraz closed lower in London as markets consider ongoing COVID-19 ramifications

Key indices closed marginally higher yesterday, with the S&P 500 up 0.02% to 2,930.32 and the S&P/TSX Composite Index gaining 0.9%.

The gold price has fallen below US$1,700 an ounce again on the spot market and was worth about $1,696/oz at the time of writing.

Among the market movers, integrated steel, mining and vanadium company Evraz (LSE: EVR) posted one of the bigger losses on the FTSE 100 yesterday, closing down 6.19%.

In Toronto, South America-focused junior Orosur Mining (TSX: OMI) jumped 42.9% - or C1.5c - on no news to close at 5c, at the lower end of its 52-week range of 3-13c. The company this month appointed Western Australian resident Brad George as a non-executive director as it advances its Anzá Project in Colombia with Newmont.

Takeover target Guyana Goldfields (TSX: GUY) closed 14.3% higher on news of a proposal from Gran Colombia Gold to rival SilverCorp's offer.

Gran Colombia (TSX: GCM) closed 12.9% lower.

Finally, junior Trek Metals (ASX: TKM) was up about 31% in morning trade on no news, to A1.7c. The company has exploration projects in the Northern Territory and in Gabon, where Apollo Minerals may earn up to 80%.

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.