A report by SRK Consulting states that following the COP26, consumers and their host countries will be looking to the mining sector for a considerable portion of their carbon savings.
Bullion was already holding steady ahead of the jobs report, and has since pushed higher in initial reaction to the weaker-than-expected employment figures.
Move buys BHP and Wyloo more time for discussions over the takeover of Noront Resources, owner of the Eagle’s Nest nickel and copper deposit in Ontario.