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Mixed appetite for miners

Investors returned from a long weekend in Australia with an appetite for mining stocks that weren’t gold producers, according to the key movers on the benchmark S&P/ASX 200 index today.
Mixed appetite for miners Mixed appetite for miners Mixed appetite for miners Mixed appetite for miners Mixed appetite for miners

Diversified mix gains over gold producers

Staff reporter

Gold miners Northern Star Resources (AU:NST), Saracen Mineral Holdings (AU:SAR), Regis Resources (AU:RRL) and Resolute Mining (AU:RSG) were all sold down as the gold price back-tracked from last week's jump, trading around US$1,347 per ounce on the spot market earlier.

Mineral sands miner Iluka Resources (AU:ILU) was up more than 5% as it unveiled production volumes 22% higher than in 2016 and a continuing positive outlook for market conditions in the sector.

Lithium producer Orocobre (AU:ORE) rose a similar amount to remain near a 52-week high as lithium investors continue to overcome last week's jitters.

Diversified miner South32 also remained near a 52-week high with a gain of almost 4% on no news.

In Toronto, the TSX metals and mining sector had closed higher on Friday with Kinross Gold (CN:K) gaining 0.9% but Barrick Gold (CN:ABX) experiencing a slight drop of 0.38%.

At the smaller end of town, Coro Mining Corp (CN:COP) gained 12.5% to C13.5c - it last week agreed to acquire claims next to its Marimaca copper-gold development project in Chile.

Silver Bear Resources (CN:SBR), which is aiming to achieve first silver production at its Mangazeisky silver project in Russia this quarter, gained more than 11% to 30c.