CAPITAL MARKETS

Gold lower again

Australian gold miners up

Staff reporter

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

In Australian dollar terms, gold was a little lower around A$1,702/oz but only back to where it was at the start of this month, well above its mid-December mark of about $1,634/oz.

The metals and mining sector on the benchmark S&P/ASX200 index was up more than 1.2% in afternoon trade.

Its gold sector continued to shine, up a collective 1.46% at the time of writing.

Among the diversifieds, BHP (ASX: BHP) was up 1.8% this afternoon, following Rio Tinto's gain of 1.96% in London yesterday.

On the S&P/TSX Composite Index, miners had closed down 0.33% yesterday but the gold sector just managed to finish in positive territory, up 0.01%.

Centerra Gold (TSX: CG) led the way with a 5.23% gain as it completed the sale of its royalty portfolio.

Mexico-focused juniors were on the rise on the TSX Venture Exchange.

Candelaria Mining (TSXV: CAND) closed up 25% to C75c yesterday despite no news since May 2, when it announced it was given the environmental go-ahead for its Pinos gold project in Mexico.

And Ridgestone Mining, which completed a C$900,000 (US$675,000) raising earlier this month and gained regulatory approval on the option to acquire the Rebeico gold-copper property in Mexico, rose just over 42% to C27c.

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.