Shares of gold producers and explorers climbed on Monday as gold hit a new record high above $2,900 per ounce.
The yellow metal was up 1.6% at $2,933.60 on Monday afternoon.
Spanish Mountain Gold Ltd (TSX-V:SPA, OTC:SPAZF) has launched its 2025 winter exploration diamond drill program at its Spanish Mountain Gold Project in British Columbia.
The program is designed to extend known mineralization and test deeper high-grade zones identified in 2024, the company said in a statement.
Monday.com shares surged after the Cloud-based productivity software provider reported an earnings beat for the fourth quarter.
The stock was up 31.5% at about $340 late morning on Monday.
Mobileye (NASDAQ:MBLY) shares surged more than 14% after it was announced that Lyft Inc (NASDAQ:LYFT) will launch Mobileye-powered robotaxis in Dallas as soon as 2026.
Shares of Mobileye, a leading provider of advanced driver assistance systems (ADAS) and autonomous vehicle (AV) technology, added 14.1% at about $18 late morning, while Lyft stock was up 3.1%.
McDonald's Corp (NYSE:MCD, ETR:MDO) topped the Dow Jones leaderboard on Monday morning, rising despite revenues and earnings marginally missing analyst forecasts.
However, total same-store sales edged 0.4% higher, while Wall Street analysts had predicted a decline.
Gold miners Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF) and Fresnillo PLC (LSE:FRES)were among the top performers on the FTSE 100 as gold prices surged past $2,900 per ounce on Monday, setting multiple record highs.
The rally follows comments from US President Donald Trump, who announced plans for reciprocal tariffs on multiple countries, adding to global market uncertainty.
Haydale Graphene Inds PLC (LSE:HAYD, OTC:HDGHF) shares traded lower after it placed its US subsidiary, Haydale Ceramic Technologies LLC (HCT), into a corporate insolvency process under Chapter 11 subchapter V in the United States.
The company, in a statement, said it intends to sell HCT’s assets through a court-supervised auction under section 363 of the US Bankruptcy Code. It followed a strategic review that found growth expectations for the US business had not materialised.