ESG

Second wave worries dampen markets

Market futures mixed

Staff reporter
 Producer Victoria Gold, which has the new Eagle mine in Canada’s Yukon, rose in Toronto

Producer Victoria Gold, which has the new Eagle mine in Canada’s Yukon, rose in Toronto

The FTSE 100 and the S&P/TSX Venture Composite Index were the among the few to close higher yesterday and market futures are mixed.

The number of global confirmed cases has risen above 4.25 million according to Johns Hopkins University, Russia has again reported more than 10,000 cases in 24 hours and the original epicentre of Wuhan is reportedly set to test its entire population after a new cluster of cases emerged.

Top US medical official Dr Anthony Fauci yesterday cautioned senators against reopening the country too soon.

Among mining equities, producer Victoria Gold (TSX: VGCX) provided a highlight.

The Canada-based miner hit a 12-month high before closing up almost 28% yesterday after reporting a "very successful month" in April at its new Eagle gold mine in Yukon.

The gold price has risen just above US$1,700 an ounce to $1,703/oz on the spot market.

Finally among the majors, Rio Tinto (LSE: RIO) rose about 1% in London yesterday and Barrick Gold (TSX: ABX) gained 0.3% in Toronto, while copper major Freeport-McMoRan (NYSE: FCX) lost 3.4% in New York.

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.