The most-traded September iron ore contract on China's Dalian Commodity Exchange fell for a fifth straight session.

The industrial metal is down by about a fifth since reaching a record in mid-May.

BofA led the way in deal value at $5.4 billion, while RBC advised on the most deals with six.

Panuco has a $1.1 billion after-tax net present value at a 5% discount rate, an 86% after-tax internal rate of return and a nine-month payback period.

"The main thing helping gold right now is market expectations that the Fed may actually decide to cut earlier than September," an analyst said.

During the April-June quarter, spot gold averaged $2,335.87 per ounce, 18% higher than the same period last year.

Paladin Energy’s arrival in Canada marks the first time since 2022 that a large foreign miner will list its shares on the TSX.

Just about every Western producer will tell you metal produced to higher environmental and social standards should command a premium.