CAPITAL MARKETS

Countdown to Christmas on markets

With less than a week until Christmas, futures were mixed as an impeachment vote loomed in the US and Brexit concerns re-emerged but markets remain near record highs.

Staff reporter
 Northern Star Resources’ Kanowna Belle operations in Western Australia

Northern Star Resources’ Kanowna Belle operations in Western Australia

The S&P500 ended its five-day rising streak yesterday but closed down only 0.04% to 3,191.14, having hit another record intraday.
 
In London, the FTSE 100 Index advanced 0.2% to 7,540.75, hitting the highest in almost 20 weeks with its sixth consecutive advance, Bloomberg reported.
 
The gold price is similar to this time yesterday, around US$1,475 an ounce on the spot market.
 
Among the majors, Rio Tinto (LSE: RIO) gained 0.2% in London.
 
Freeport-McMoRan (NYSE: FCX) was up a similar amount in New York, closing 0.15% higher.
 
Metals and mining stocks were off 0.8% in Toronto yesterday but Barrick Gold (TSX: ABX) rose 2.6% as it announced a schedule for its power conversion plans at the Pueblo Viejo joint venture mine in the Dominican Republic.
 
Finally, Northern Star Resources (ASX: NST) was one of the bigger risers on the S&P/ASX200 in morning trade, up 2.4% earlier after completing a placement yesterday as it acquires Newmont's 50% share of Super Pit operator, Kalgoorlie Consolidated Gold Mines.
 

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.

editions

Mining Journal Intelligence World Risk Report 2023 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 121 jurisdictions globally, built on 11 ‘hard risk’ metrics and an industrywide survey.

editions

Mining Journal Intelligence Global Leadership Report 2023: Social licence

Gain insights into social licence trends and best practices from interviews with 20+ top mining company executives and an industrywide survey.