Gold below $1,800/oz, North Arrow heads south

By Staff reporter / June 21, 2021 / www.mining-journal.com / Article Link

"Less liquidity from the US and a firmer dollar, plus prospects of a slowdown in China as the top consumer tries to rein in overheated markets weighed on sentiment," Marex's Anna Stablum said from the LME desk (Singapore).

Copper closed down 1.8% to US$9,119.75 per tonne, a circa 7% drop for the week.

The gold price has also slumped below $1,800 an ounce following the US Federal Reserve's indication last week of two rate rises by the end of 2023.

Gold was worth about $1,769/oz on the spot market at the time of writing.

North Arrow Minerals (TSXV: NAR) was on a downward trajectory on Friday, falling 30.4% to C8c after reporting "kimberlite was not discovered" during drilling at its Loki project in Canada's Northwest Territories.

"Not the result we wanted, but you have to try," the company tweeted.

"The prominent kimberlite indicator mineral train that terminates in the Loki area remains unexplained," it said, and has turned its attention to its newly-staked CSI project in Nunavut.

Recent News

Gold stocks lead the large cap miners by far over H1/25

July 07, 2025 / www.canadianminingreport.com

Gold stocks up as the metal price and equities gain

July 07, 2025 / www.canadianminingreport.com

Mixed outlook for gold as it remains range bound for past three months

June 30, 2025 / www.canadianminingreport.com

Gold stocks down on flat metal price

June 30, 2025 / www.canadianminingreport.com

Gold stocks down on metal decline

June 23, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok