Futures, Troubadour rise

By Staff reporter / October 08, 2020 / www.mining-journal.com / Article Link

Brexit talks continue ahead of an October 15 deadline for a trade deal and China returns from a week-long holiday tomorrow.

Gold is similar to this point yesterday, at $1,887 an ounce on the spot market, while US Global Investors CEO Frank Holmes has reportedly maintained his prediction of $4,000/oz.

Junior Troubadour Resources (TSXV: TR) was the standout in Toronto.

The company closed up 128.6% to C8c yesterday, a one-year high, on signing an option to acquire 100% of a "bonanza grade" gold project in southern British Columbia.

Troubadour said recent grab samples from the Doorn vein showing at the Texas property included 241.96g/t gold; and 78.84g/t gold, 319g/t silver and 8% copper.

The explorer had listed two years ago and is focused on copper and gold in British Columbia.

Among the majors, copper producer Freeport-McMoRan rose 7.38% in New York to US$16.88, within $1 of a 52-week high.

Copper miners in Chile are voting on various wage offers this week.

It was also a positive day for mining equities in London, with both Glencore and Fresnillo closing up about 2.7%.

Finally, Barrick Gold closed down 0.5% in Toronto.

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