CAPITAL MARKETS

Market futures muted

Market futures were muted as further data due out this week is expected to show the ongoing economic impact of the COVID-19 pandemic, with the number of confirmed cases globally continuing to climb above 4 million.

Staff reporter
 Evraz closed lower in London as markets consider ongoing COVID-19 ramifications

Evraz closed lower in London as markets consider ongoing COVID-19 ramifications

Key indices closed marginally higher yesterday, with the S&P 500 up 0.02% to 2,930.32 and the S&P/TSX Composite Index gaining 0.9%.

The gold price has fallen below US$1,700 an ounce again on the spot market and was worth about $1,696/oz at the time of writing.

Among the market movers, integrated steel, mining and vanadium company Evraz (LSE: EVR) posted one of the bigger losses on the FTSE 100 yesterday, closing down 6.19%.

In Toronto, South America-focused junior Orosur Mining (TSX: OMI) jumped 42.9% - or C1.5c - on no news to close at 5c, at the lower end of its 52-week range of 3-13c. The company this month appointed Western Australian resident Brad George as a non-executive director as it advances its Anzá Project in Colombia with Newmont.

Takeover target Guyana Goldfields (TSX: GUY) closed 14.3% higher on news of a proposal from Gran Colombia Gold to rival SilverCorp's offer.

Gran Colombia (TSX: GCM) closed 12.9% lower.

Finally, junior Trek Metals (ASX: TKM) was up about 31% in morning trade on no news, to A1.7c. The company has exploration projects in the Northern Territory and in Gabon, where Apollo Minerals may earn up to 80%.

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.