CAPITAL MARKETS

Markets, miners move higher

US tax reform optimism, commodity price rises boost stocks

Staff reporter

This article is 7 years old. Images might not display.

Four of the top five gainers on the S&P/ASX 200 today were mining stocks.

Rare earths producer Lynas Corp (AU:LYC) led the way with a 7.4% rise as it re-entered the index today in the December rebalance.

Graphite developer Syrah Resources (AU:SYR) rose and lithium miner Orocobre (AU:ORE) added to yesterday's gains, both rising more than 5%.

Gold miner Saracen Mineral Holdings (AU:SAR) was up a similar amount as the gold price improved to hold above US$1,262 an ounce on the spot market.

Among the gold majors, Barrick Gold (CN:ABX) had risen 1.65% in Toronto, Newmont Mining (US:NEM) closed up more than 2% in New York and Randgold Resources (LN:RRS) rose 1.9% in London.

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

Leadership Insights 2025

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

editions

Mining IQ Risk Analytics

Risk Analytics offers interactive access to World Risk Insight data, allowing you to customise risk views, benchmark jurisdictions, explore data behind scores and read expert commentary to guide your decision-making.

editions

Project Pipeline Index 2025

View our 50 top mining projects, handpicked using a unique, objective selection process from an expanded database of 600+ global assets.

editions

Investor Sentiment Insights 2025

Exclusive insights into the plans, priorities and preferences of 130+ mining investors and top factors influencing investment decisions in 2025.