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Copper rose on the London Metal Exchange after MMG announced it would cease production this month at Las Bambas, one of the top five global producers.
The gold price remains similar to yesterday, about US$1,780 an ounce on the spot market.
Struggling miner Harte Gold (TSX: HRT) sank 33% to a new one-year low of C1c yesterday as it arrived at a debt deadline.
ASX-listed Silver Lake Resources had acquired Harte's credit facilities provided by BNP Paribas in November and had agreed to extend the forbearance period to yesterday, December 6.
Another lender had served a default notice in August and Harte has said it needed more financing before year-end to continue operations at its Sugar Zone mine in Ontario.
Silver Lake (ASX: SLR) was off 1.4% in morning Australian trade, BHP was flat and Newcrest Mining was up 0.7%.
