06:22:47 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Gold Summary for March 12, 2015

2015-03-12 20:58 ET - Market Summary

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

by Stockwatch Business Reporter

New York spot gold closed down $1.20 to $1,152.70 Thursday, as the U.S. dollar finally had a down day after a weaker-than-expected retail sales report. The TSX Venture Exchange rose 4.14 points to 673.77, while the TSX Gold Index lost 2.46 points to 156.52.

Gold miners in Canada ended some up slightly, others down. Iamgold Corp. (IMG) added four cents to $2.52, Alamos Gold Inc. (AGI) rose 10 cents to $7.35, Eldorado Gold Corp. (ELD) lost six cents to $5.99 and Goldcorp Inc. (G) lost 24 cents to $23.63.

Centerra Gold Inc. (CG) gained six cent to $5.43 on 2.01 million shares. The company's president, Ian Atkinson, is planning to retire at the end of the year. He spent 10 years with the Kyrgyzstani gold miner, the first seven as vice-president of exploration and the last three as president. He has faced strike-prone unions, litigious environmentalists and greedy government officials, all the while somehow managing to keep the company's gold mine, as the government constantly threatened to expropriate it. For his services in 2013 at the active gold miner, Mr. Atkinson received $637,500 in salary and $1.18-million in cash bonuses.

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS

© 2024 Canjex Publishing Ltd. All rights reserved.


Reader Comments - Comments are open to paying subscribers of Stockwatch and unmoderated, although libelous remarks, obscene language and impersonations may be deleted. Opinions expressed do not necessarily reflect the views of Stockwatch.
For information regarding Canadian libel law, please view the University of Ottawa's FAQ regarding Defamation and SLAPPs.


Comments for this item are closed