Integra Resources’ stock rises on approved mine plan for Delamar gold project

Funding has been negotiated with members of the Lundin family as well as Canadian mining billionaires Richard Warke and Eric Sprott.

"This is not good news for China given the heavy reliance on external supply, and Chinese companies hold limited resources," one analyst said.

The company has also amended the at-the-market program announced in December.

Copper slipped after initially extending gains above $10,200 a ton as traders turned their attention to demand conditions in China.

Outlook for the ferrous sector is neutral to slightly bullish due to China's latest move to boost infrastructure spending.

Demand for gold from India could stand between 700 metric tons and 800 metric tons in 2024.

Zhaojin declared its bid to be unconditional on April 24, making it impossible for Tietto shareholders who had already accepted the offer to now withdraw.

The bid may also be a tacit admission on BHP's part that buying copper assets is far easier than trying to find them and develop new mines.

Bullion rose as much as 0.3% after losing more than 2% last week.