CAPITAL MARKETS

Copper gains, S&P at fresh record

Gold slightly higher

Staff reporter
 Explorer Callinex Mines rose on high-grade copper results from its Pine Bay project in Manitoba

Explorer Callinex Mines rose on high-grade copper results from its Pine Bay project in Manitoba

Market futures were mixed.

Copper closed higher in London on firm demand as the world recovers after the pandemic, Marex's Anna Stablum said.

US consumer confidence beat forecasts in a Bloomberg survey, and China's manufacturing sector operated around full capacity this month but the pace of recovery slowed in the service sector due to another virus outbreak, she said.

The Chinese Communist Party is celebrating its 100th anniversary this week.

Copper closed up another 0.4% to US$9,351.50 per tonne on the London Metal Exchange.

Gold is a little higher than at this point yesterday, above US$1,771 an ounce on the spot market.

In Toronto, Callinex Mines (TSXV: CNX) gained 8.64% on reporting 67m at 2.73% copper among results from step-out drilling at its Rainbow deposit at Pine Bay in Flin Flon, Manitoba.

New Found Gold (TSXV: NFG) rose 5.91% after intercepting 5.25m at 430.2g/t gold.

Toronto markets will be closed for Canada Day today.

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.