CAPITAL MARKETS

Markets mixed, Diggers upbeat

In-person conference underway in WA

Staff reporter

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

Toronto was closed for Thanksgiving yesterday.

Meanwhile the mood is upbeat at the annual Diggers and Dealers mining forum in Kalgoorlie, Western Australia, which was moved from August to October due to COVID-19 uncertainties.

Day one presenters yesterday included Northern Star Resources (ASX: NST) and Saracen Mineral Holdings (ASX: SAR), whose merger is set to create a top 15 global gold producer.

Both equities were up slightly at the time of writing, towards the top of their one-year ranges.

Spot gold was earlier above US$1,930 an ounce but around $1,918/oz at the time of writing.

Copper closed slightly lower on the London Metal Exchange to $6,728 per tonne despite strike action simmering in Chile.

In other commodity news, China has reportedly ordered some steelmakers to stop buying Australian coal.

Among the mining majors, Rio Tinto closed down 1.48% in London.

Newmont gained just 0.18% in New York.

Finally, BHP was up slightly in morning Australian trade.

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.