bullish

Nicola Mining

Mining Monthly: October Edition

145 Views04 Nov 2024 23:00
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SUMMARY
  • Following strong performance in September, the precious metals again posted excellent returns, with gold being up 3.2% (to ATHs) and silver being up 4.1% (reaching its highest price in 12 years).
  • The mining equities had mixed performance relative to the metals with the GDX up 1.3%, GDXJ up 5.7%, SIL up 10.2%, and COPX down 7.6%.
  • Financings picked up massively in October as generalist capital returns to the mining industry, providing much-needed capital to the juniors.
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