Trade optimism lifts markets

By Staff reporter / September 26, 2019 / www.mining-journal.com / Article Link

Base metals, ferrous and crude all "clawed back some of the day's losses in the late afternoon", Marex Spectron's Dee Perera on the LME desk noted.

The positive vibes sent the gold price lower, to about US$1,509 an ounce on the spot market earlier.

Wesdome Gold (TSX: WDO) was the only gold equity to gain on the S&P/TSX Composite Index yesterday.

It closed up 3.65% after announcing a significant increase to the gold resource at its Kiena mine complex in Quebec and said work was underway to determine the next steps and timing of a potential restart.

Eldorado Gold (TSX: ELD) posted the biggest decline, closing down 8.1% as the gold sector lost a collective 3.2%.

Metals and mining stocks closed higher in London, where Rio Tinto (LSE: RIO) closed up 0.9% and copper miner Antofagasta (LSE: ANTO) rose 1.8%.

Gold producers were lower in midday Australian trade, where recently-enlarged Silver Lake Resources (ASX: SLR) was down about 5%.

Recent News

Gold stocks again reach new highs

September 22, 2025 / www.canadianminingreport.com

Silver outpaces major metals in recent months

September 22, 2025 / www.canadianminingreport.com

Another 'Bubble Check' for the gold sector

September 08, 2025 / www.canadianminingreport.com

Gold stocks continue to hit new highs

September 08, 2025 / www.canadianminingreport.com

Some mining stocks exposed to Burkina Faso take major hit

September 02, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok