The Canadian Mining Eye index declined 13% during the quarter ended December as weakness in gold and nickel prices was partially offset by gains in both copper and zinc prices.
Having recorded a 4% gain in the prior quarter, the index, administered by professional services firm EY, underperformed the S&P/TSX Composite index, which gained 4% during the same period. The UK Mining Eye fell 8% during the fourth quarter, marking the first quarterly decline in 2016, following gains of 35% and 19% in the third quarter and second quarter, respectively. The London Metal Exchange index (LMEX) gained 8% over the quarter.
