BHP was the likely bidder, but it’s also possible it could be a new entrant because the mining giant hadn’t entered a trading halt, analyst says.

The Arcus Japan Fund, which has the equivalent of $870 million in assets, has beaten all of its peers this year.

Highlighted results, all from the Upper Horizon area of the Hilltop target, include 60.2 g/t gold, 908.7 g/t silver, 15.7% lead and 1.1% zinc over 10 metres.

The exchange released new data showing there was no major change in the amounts of Russian metal in LME warehouses last month.

A firmer dollar, higher inventories and profit-taking pushed copper prices lower later in the day.

The after-tax NPV of the Marmato expansion project comes to $341 million (at a 5% discount rate), with an IRR of nearly 30%.

The deal gives enCore three of only 11 licensed production facilities in the United States.

The metal price jumped by its 15% daily limit after an unconfirmed report about a blast at a nickel plant in Indonesia.