CAPITAL MARKETS

US stocks drop, gold lower

Base metals mixed

Staff reporter

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

Meanwhile Treasury yields rose to the highest point since June, the Wall Street Journal noted, lifted by optimism about the economic outlook and the prospects of tighter monetary policy.

Gold subsequently slumped towards US$1,734 an ounce on the spot market.

Agnico Eagle Mines (TSX: AEM) closed down 1.2% to C$63.03, remaining near a one-year low, on news it was merging with fellow producer Kirkland Lake Gold.

Kirkland Lake's Toronto-listed shares (TSX: KL) dropped 7.75%.

Base metals were mixed in London, where nickel closed down more than 2% and aluminium rose 2.1%.

Mining majors also diverged, with Glencore up 2.29% and copper producer Antofagasta losing 3.18%.

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

editions

Investor Sentiment Insights 2026

Discover what investors have planned for mining in 2026 in our industry-leading survey

editions

World Risk Insights 2025 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 120 jurisdictions globally, assessed across six risk categories and an industrywide survey.

editions

ESG Index 2025: Benchmarking the Future of Sustainable Mining

The ESG Index provides an in-depth evaluation of the ESG performance of 60+ of the world’s largest mining companies. It assesses companies across 10 weighted indicators within 6 essential ESG pillars.

editions

Leadership Insights 2025

Leadership Insights reveals key trends in priority mining issues through interviews with 15+ top mining company executives and an industrywide survey.