Shares of mining and royalty companies advanced in premarket trading Monday as precious metals extended their rally, with gold setting a fresh record high and silver reaching levels unseen in more than a decade.
Gold prices jumped as much as 1.9% to $3,831.44, marking a new all-time peak. Silver also surged, climbing 2.4% to $47.18, its strongest reading since May 2011.
The sharp gains in metals prices fueled broad strength across the sector. Endeavour Silver (NYSE:EXK) led the way with a 4.3% rise before the open. Coeur Mining (NYSE:CDE) gained 3.3%, Pan American Silver (NYSE:PAAS) rose 3.1%, and Newmont (NYSE:NEM) advanced 3%.
Other notable movers included Equinox Gold (AMEX:EQX) and Kinross Gold (NYSE:KGC), each up 2.8%, while Agnico Eagle Mines (NYSE:AEM) added 2.5%. Wheaton Precious Metals (NYSE:WPM) climbed 2.1%, and Barrick Gold (NYSE:GOLD) gained 1.8%.
Pan American Silver stock price
Agnico Eagle Mines stock price
Wheaton Precious Metal stock price
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