Optimism on markets

By Staff reporter / July 23, 2019 / www.mining-journal.com / Article Link

In Toronto, eCobalt Solutions (TSX: ECS) shot up 25.58% yesterday as it moves to close its merger with Jervois Mining (ASX: JRV), after shareholders in both companies last week agreed to the transaction.

Jervois had shot up about 20% yesterday intraday but was down about 10% in afternoon Australian trade today.

The gold price is about US$10 an ounce lower than this time yesterday, about $1,416/oz.

Base metals bar tin closed lower on the London Metal Exchange yesterday.

The 62% fines iron ore price fell below $120 per tonne to $119.05/t, according to MySteel, and Vale has reiterated its revised 2019 iron ore sales guidance but lowered its nickel production outlook.

Elsewhere among the majors, BHP (ASX: BHP) was up about 0.6% at the time of writing, while Rio Tinto (LSE: RIO) had lost about 0.7% in London yesterday. 

Recent News

Immediate trigger for crash was new Fed Chairman pick

February 02, 2026 / www.canadianminingreport.com

Gold stocks slump on metal price decline

February 02, 2026 / www.canadianminingreport.com

Is the gold market starting to turn 'irrationally exuberant'?

January 26, 2026 / www.canadianminingreport.com

Gold stocks explode up as equity markets languish

January 26, 2026 / www.canadianminingreport.com

Gold stocks outpace flat large caps

January 19, 2026 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok