Currently viewing Global edition

Futures, mining majors downbeat

Key North American and European market futures were pointing lower to start the week after mainly falling on Friday.
Futures, mining majors downbeat Futures, mining majors downbeat Futures, mining majors downbeat Futures, mining majors downbeat Futures, mining majors downbeat

A gold pour at Newmont’s Akyem in Ghana

Staff reporter

In Australia, ASX futures were up ahead of tomorrow's public holiday.

Among the mining majors, Antofagasta and Glencore both finished down more than 2% in London on Friday.

Newmont was off 0.9% in New York.

In Toronto, Tesoro Minerals (TSXV: TES) tumbled on news of losing mineral rights in Peru after a Supreme Decree was repealed.

Its shares plunged by a third to close at C9c.

Headed in the opposite direction, American Manganese (TSXV: AMY) gained 40.8% to a one-year high of $1, as the battery recycling hopeful said its specialised cathode reactor was being prepared to produce its first test batch of cathode precursor materials.

Northern Dynasty Minerals (TSX: NDM) rose 3% after its US subsidiary formally submitted a request for appeal to the US Army Corps of Engineers over the negative Record of Decision for its proposed Pebble project in Alaska.

Finally, gold is worth about US$1,856 an ounce on the spot market.