Chalice Mining Ltd (ASX: CHN) shares were on fire yesterday. At one point during intraday trade, shares in the mining company were trading at a record $6.73. By the market’s close, however, the Chalice Mining share price had retreated to $6.65 — still up 8.13% on the prior session.
By comparison, the S&P/ASX 200 Index (ASX: XJO) closed Thursday’s session 0.83% higher.
Yesterday’s record-breaking day came after the company reported “significant new results” from one of its mines.
Let’s take a closer look at the news.
What boosted the Chalice share price?
In a statement to the ASX, Chalice Mining advised it has made further major finds at its Julimar Nickel-Copper, Platinum Group Element (PGE) Project in Western…