The Japanese trading house said reasons for offloading its interest in the Canadian mine included unstable operations, declining grades and increased risk of environmental liabilities.

“We believe that the early January direction is correct but that the timing is slightly off,” said Saxo Bank.

Analysts are cautious that China's recovery may not live up to bullish expectations and that prices have got ahead of themselves.

Toronto-based Yamana inked a deal with the two miners after South Africa’s Gold Fields waived its right to match the rival bid.

Yamana shareholders have endorsed a $4.8 billion deal that sees Agnico consolidate the Canadian Malartic mine.

Resource investors predict gold prices could hit record high this year

China's copper buyers face higher costs for the metal this year, buyers and analysts said.

Nomination means the project will be given priority for financing from fund that supports European Union regions' green transition.