CAPITAL MARKETS

Gold up as markets fall

The gold price was trading about US$10 an ounce higher than this time yesterday, around $1,342/oz, as markets continue to fall.

Staff reporter
Northern Dynasty gains

Northern Dynasty gains

Wall Street suffered its biggest decline since 2011 yesterday as the bull run stumbled on inflation fears and the ASX and Nikkei followed the downward trend today.

Gold stocks were barely a bright spot in Australian trade however, with producer Resolute Mining (AU:RSG) closing up just 0.19% to give it the biggest gain among S&P/ASX200 listed equities.

On the TSX, Northern Dynasty Minerals (CN:NDM) was one of the mining stocks to post a substantial gain yesterday, up just over 23% to C$1.28.

The company's long-running quest to permit the proposed Pebble copper-gold-molybdenum project in Alaska took another step forward on Monday, with the US Army Corps of Engineers selecting a third-party contractor to support completing an environmental impact statement.

Toronto's metals and mining sector closed almost 1.2% lower overall.

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

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.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.

editions

Mining Journal Intelligence World Risk Report 2023 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 121 jurisdictions globally, built on 11 ‘hard risk’ metrics and an industrywide survey.

editions

Mining Journal Intelligence Global Leadership Report 2023: Social licence

Gain insights into social licence trends and best practices from interviews with 20+ top mining company executives and an industrywide survey.