After a wobbly start to Fridayâs 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.
Theyâve 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, whatâs put the wind under these mining stocksâ sails? Letâs 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 â the highest itâs ever been.
Interestingly, thereâs 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 companyâs share price climbed 2.3% to a record high of $1.98 in afternoon trade.
Like Liontown before it, thereâs been no news from the ASX 200 mining company to explain its stockâs gains.
Though, the price of gold lifted once more overnight. The yellow metalâs spot price is currently US$2,057.70 an ounce, according to CNBC. Thatâs just a touch off its all-time high.
The metalâs 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 companyâs share price rose 2.6% to peak at $3.97 this afternoon â the highest itâs been since 12 months ago to the day.
Continuing the theme, thereâs been no updates from Evolution Mining today. Its shares are likely also being driven higher by the rising price of gold.
The post 3 ASX 200 mining stocks leaping to new 52-week highs today appeared first on The Motley Fool Australia.
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More reading
- Goldman Sachs is selling off its Liontown shares. Here’s the lowdown
- Here are the top 10 ASX 200 shares today
- 5 things to watch on the ASX 200 on Thursday
- Here are the top 10 ASX 200 shares today
- Why are ASX 200 gold shares going gangbusters today?
Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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