Gold Summary for Aug. 19, 2015
2015-08-19 20:57 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 rose $16.60 to $1,134.10 Wednesday, after minutes from the United States Federal Reserve's last meeting indicated that a September interest-rate hike would be unlikely. Now analysts are suspecting a rate hike in December. Here in Canada, the TSX Venture Exchange lost 5.25 points to 558.17, while the TSX Gold Index added 4.87 points to 137.70.
Major Canadian gold miners followed bullion higher. Barrick Gold Corp. (ABX) climbed 37 cents to $10.34, Goldcorp Inc. (G) climbed 56 cents to $19.85, Kinross Gold Corp. (K) rose 10 cents to $2.72 and Yamana Gold Inc. (YRI) added 12 cents to $2.99.
Bucking the trend, Paul Wright's Eldorado Gold Corp. (ELD) dropped 39 cents to $5.07 on 8.20 million shares, on reports that the company's Skouries-Olympias gold project in Greece has been stalled yet again. Today's news came from Greek media outlets, which reported that following a meeting with the Greek prime minister, the country's energy minister said Eldorado had violated some of its contract terms. He did not elaborate, and Eldorado has yet to comment because it says it has received no formal notice. The company is used to the on-again-off-again Greek officials. They have stopped and restarted the project several times just this year. The Greek economy badly needs the $310-million that Eldorado had been planning to spend in the country this year. Permitting delays, however, have pushed more than $200-million of that spending into 2016. Today's delay will likely push back even more spending.
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.
Must you go on and on about the salaries these penny-stock mining magnates have been awarded by their shareholders?
If a Joe Average (or Ian Industrial) shareholder has voted to pay these seemingly bloated salaries, why must you constantly trot them out in your summaries? They are what they are...whether it's 1,461,538 current shares for Howard Stevenson's $475,000, the 397,863 current shares for Richard Hughes' $931,000 or the 133,333 shares for Jonathan Goodman's $312,00.
Posted by Harpinder at 2015-08-19 21:34
Must you go on and on about the salaries these penny-stock mining magnates have been awarded by their shareholders?
If a Joe Average (or Ian Industrial) shareholder has voted to pay these seemingly bloated salaries, why must you constantly trot them out in your summaries? They are what they are...whether it's 1,461,538 current shares for Howard Stevenson's $475,000, the 397,863 current shares for Richard Hughes' $931,000 or the 133,333 shares for Jonathan Goodman's $312,00.
Posted by Harpinder at 2015-08-19 21:35
From an average Joe investor. Corporations rewards themselves at the expenses of the small shareholders. The institutions rarely vote at the AGM'S and the directors which hold a large voting stake abuse their positions. Barrick Gold and Gold Corp being some examples.. Stockwatch, thanks for keeping an biased position and keep reporting Directors salaries plus "bonuses". Salaries should reflex performance....something directors fail to understand.
Posted by joe at 2015-08-19 23:46
From an average Joe investor. Corporations rewards themselves at the expenses of the small shareholders. The institutions rarely vote at the AGM'S and the directors which hold a large voting stake abuse their positions. Barrick Gold and Gold Corp being some examples.. Stockwatch, thanks for keeping an biased position and keep reporting Directors salaries plus "bonuses". Salaries should reflex performance....something directors fail to understand.
Posted by joe at 2015-08-19 23:46
From an average Joe investor. Corporations rewards themselves at the expenses of the small shareholders. The institutions rarely vote at the AGM'S and the directors which hold a large voting stake abuse their positions. Barrick Gold and Gold Corp being some examples.. Stockwatch, thanks for keeping an biased position and keep reporting Directors salaries plus "bonuses". Salaries should reflex performance....something directors fail to understand.
Posted by joe at 2015-08-19 23:46
In this market any of these executives that is making more than 240,000 annually is being overpaid, unless they are capable of raising more than 5 million/per year.
Posted by shoes at 2015-08-20 07:21
Comments for this item are closed