Gold has climbed about US$20 an ounce since this point yesterday to almost $1,896/oz on the spot market.

Silver was up slightly to more than $24/oz on the spot market.

Newly-listed Gatos Silver hit a fresh high in Toronto (TSX: GATO) yesterday, closing up 2.9% to C$9.11 after debuting on the New York and Toronto stock exchanges last week, having raised US$150 million in its IPO priced at $7 per share.

The company, which is making a virtual presentation today at the Precious Metals Summit Europe, is focused on the producing Cerro Los Gatos silver mine in Mexico, where it hopes to increase its stake to 70% and achieve design capacity in January 2021.

Monarch Gold (TSX: MQR) jumped 27.3% to C56c on news of a friendly $200 million acquisition by Yamana Gold, a consideration of about 63c per share which represented a 43% premium to Monarch's closing price on October 30.

Almaden Minerals (TSX: AMM) gained more than 20%, having last week said it had found a new priority exploration target at its Ixtaca gold-silver project in Mexico.

Finally among the majors, Fresnillo finished up 4% in London, Freeport-McMoRan rose 5.19% in New York and Barrick Gold gained 0.8% in Toronto.