Soft day for miners

INVESTORS showed wariness towards miners after metal prices waned overnight with the Metals & Mining sector falling around 0.6%.

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The gold patch was the only segment to attract buyers at the bullion price went back above US$1340 per ounce – with base metal futures also all positive in Asian trade.

Somewhat surprisingly Resolute led the way so far as the bigger mining stocks were concerned, with the semblance of surprise being its market performance given the company unveiled what it termed a “challenging” December quarter.

Still the market is nothing if not forward looking, and Resolute said it remains confident of meeting full-year guidance.

Among the juniors, Diatreme Resources (DRX) was up more than 23% as the mineral sands contender raised the grand sum of  A$490,000 and the told the market what it got up to last quart...

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