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Miners share in bull run buoyancy

Metals and mining stocks on the S&P500 were part of the action yesterday as the share index notched up its longest rally, of 3,453 days without a fall of 20% or more.
 Miners share in bull run buoyancy  Miners share in bull run buoyancy  Miners share in bull run buoyancy  Miners share in bull run buoyancy  Miners share in bull run buoyancy

Mining equities higher

Staff reporter

"Longest bull run in the history of the stock market, congratulations America!" US president Donald Trump tweeted.

On the index, copper major Freeport-McMoRan (NYSE: FCX) closed up 1.47% and gold producer Newmont Mining (NYSE: NEM) was 1.16% higher.

In Toronto, metals and mining stocks on the S&P/TSX Composite Index closed up 0.76%.

Gold miners were positive overall with the biggest gain made by New Gold (TSX: NGD), up 4.55% on no news.

SEMAFO (TSX: SMF) made the subset's second highest gain of 2.91%, recovering some of the lost ground since two armed incidents near its Burkina Faso operations left at least eight people dead.

In London the mining sector closed higher, up around 0.85% on the FTSE100.

Rio Tinto (LSE: RIO) closed up 1.33% but copper producer Antofagasta (LSE: ANTO) was off 0.54%. 

In Australia the broader metals and mining sector on the ASX200 was up 0.9% at the time of writing.

However the gold subset was down 1.65% as the gold price sat around US$1,191 on the spot market earlier.

Among the diversifieds, South32 (ASX: S32) was up more than 5.5% in afternoon trade after releasing solid full-year results.

Base metal futures were lower in Asian trade except lead, just in positive territory, and Shanghai zinc, up 1.1% at the time of writing.