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Futures mixed as US president impeached, again

Market futures were mixed as outgoing president Donald Trump became the second US president to be impeached twice.
Futures mixed as US president impeached, again Futures mixed as US president impeached, again Futures mixed as US president impeached, again Futures mixed as US president impeached, again Futures mixed as US president impeached, again

Anglo American Platinum’s Rachel Matlala

Staff reporter

The gold price was up slightly to US$1,848 an ounce on the spot market.

Northern Dynasty Minerals (TSX: NDM) jumped almost 25% in Toronto, making further gains since Monday's news that Alaska would appeal the denial of a key federal permit for its controversial Pebble project.

Barrick Gold closed flat ahead of today's release of preliminary production, sales and cost information.

The gold major's full 2020 and fourth quarter results will be released next month.

Canada-focused explorer Kenorland Minerals (TSXV: KLD) was similarly unchanged on its TSX Venture Exchange debut yesterday, after its reverse takeover of Northway Resources.

The company has projects in Alaska and Quebec, with some in partnership with Sumitomo Metal Mining Canada, some under option agreements with Newmont and others held 100%.

Finally in South Africa, Anglo American Platinum shares (JSE: AMS) reached a one-year high intraday of R1,556.17 before closing up 4% to R1,532.90.

The company had said last month production was back "to almost normal capacity levels" despite the impact of COVID-19 and thanks to the rebuild of the ACP Phase A unit being completed ahead of schedule in early December.