Miners back in business

IT WAS a strong return to form by the resources sector, although the gold patch was ignored as the Metals & Mining index closed up a touch under 2%.

Miners back in business Miners back in business Miners back in business Miners back in business Miners back in business

That compared to the overall ASX 200 finishing up with a 0.75% gain, with the financial sector being the laggard.

So far as individual miners were concerned, iron ore-leveraged Rio Tinto enjoyed a stellar day with a gain of nearly 4% ahead of the release of its annual results.

However, it was those associated with lithium that were the clear market leaders.

Galaxy Resources led the charge, with lithium and all rounder Mineral Resources following strongly in its wake and Pilbara Minerals not much further back.

Among the juniors, WPG Resources (WPG) soared more than 120% intra-day after it reported excellent high grade infill drill results from its gold operation in South A...

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