After a wobbly start to Friday’s session, the S&P/ASX 200 Index (ASX: XJO) appears to be on track to end a three-day losing streak, helped by these mining stocks.
They’ve each rocketed to trade at their highest points in a year, with two even surpassing their all-time record highs.
Right now, the ASX 200 is up 0.34% at 7,217.4 points.
So, what’s put the wind under these mining stocks’ sails? Let’s take a look.
3 ASX 200 mining shares posting new 52-week highs on Friday
Liontown Resources Ltd (ASX: LTR)
The biggest gain of the three stocks reaching long-forgotten heights today comes from lithium miner Liontown Resources.
Its share price soared 4% earlier today to peak at $2.86 – the highest it’s ever been.
Interestingly, there’s been no news from the company since Tuesday. Then, it rebuffed reports it had been approached by a new suitor following the $2.50 takeover bid put to it by industry giant Albemarle in March.
Gold Road Resources Ltd (ASX: GOR)
Joining the lithium miner in the green are shares in gold producer Gold Road.
The company’s share price climbed 2.3% to a record high of $1.98 in afternoon trade.
Like Liontown before it, there’s been no news from the ASX 200 mining company to explain its stock’s gains.
Though, the price of gold lifted once more overnight. The yellow metal’s spot price is currently US$2,057.70 an ounce, according to CNBC. That’s just a touch off its all-time high.
The metal’s value appears to be surging in response to the ongoing US regional banking crisis, which has likely left some investors jittery about the broader economy. Such concerns have likely led many to snap up the traditional safe-haven asset.
Evolution Mining Ltd (ASX: EVN)
Finally, fellow ASX 200 gold stock Evolution Mining is also reaching long-forgotten heights today.
The company’s share price rose 2.6% to peak at $3.97 this afternoon – the highest it’s been since 12 months ago to the day.
Continuing the theme, there’s been no updates from Evolution Mining today. Its shares are likely also being driven higher by the rising price of gold.
