CAPITAL MARKETS

Gold, Freegold higher

Trade tensions add to precious metal allure

Staff reporter

This article is 4 years old. Images might not display.

The number of confirmed cases globally has grown to more than 4.7 million and there have been almost 315,000 deaths, according to Johns Hopkins University.

US president Donald Trump criticised China yesterday for its "tiny" contribution to bodies including the World Health Organisation.

The spot gold price shot above US$1,750 an ounce earlier and was worth almost $1,746/oz at the time of writing.

Meanwhile Alaska-focused explorer Freegold Ventures (TSX: FVL) shot to a fresh high on Friday before closing up 43.5% to C49.5c.

The company has spent the past year trading around the 5c mark, until news earlier this month of a 188m intercept grading 3.69g/t gold at its Golden Summit project, which has "tremendously excited" management and others.

Freegold said last week Eric Sprott had agreed to invest $4 million in a second tranche placement designed to raise $5 million, which could increase his stake to 28%.

Canadian markets are closed today for Victoria Day.

Elsewhere, market futures were positive for the US and Europe but Australasian futures were mixed.

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.