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Iron ore on the rise

Burin Gold to debut

Staff reporter
 Visible gold from Burin Gold’s Hickey’s Pond project in Newfoundland

Visible gold from Burin Gold’s Hickey’s Pond project in Newfoundland

The MySteel 62% Australian fines gained 2.79% to rise back above US$90 per tonne to $92/t.

Gold has fallen further below $1,800 an ounce to $1,790/oz on the spot market, following yesterday's tumble after Federal Reserve chairman Jerome Powell's renomination to the role.

Elsewhere, the International Copper Study Group said global production rose 3.3% for the first eight months of this year.

It calculated a 52,000t surplus in August, compared with deficits in the previous three months.

Copper closed down 0.3% to $9,805/t on the London Metal Exchange.

Finally, Burin Gold (TSXV: BURG) is set to start trading on the TSX Venture Exchange today after closing a C$6.92 million IPO, priced at 60c per unit and 69c per flow-through share.

Burin, which has been active in Newfoundland since 2018 as a private company under its former name Bonavista Resources Corp, is focused on its Hickey's Pond gold prospect.

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