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Gold Summary for June 28, 2016

2016-06-28 21:03 ET - Market Summary

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by Stockwatch Business Reporter

New York spot gold fell $11.80 to $1,312.30 on Tuesday. The TSX Venture Exchange gained 4.40 points to 707.25 while the TSX Gold Index slipped 3.86 points to 245.32. Canadian gold miners followed bullion lower today. Iamgold Corp. (IMG) fell 25 cents to $5.46 on 12.20 million shares while Kinross Gold Corp. (K) lost 26 cents to $6.48 on 11.98 million shares.

Stephen de Jong's Integra Gold Corp. (ICG), up three cents to 75 cents on 3.03 million shares, has received assays of up to 10.26 grams of gold per tonne over 10.9 metres from the No. 4 Plug deposit at its Lamaque South project near Val d'Or in Quebec. The assays, from six holes spanning a total of over 5,400 metres, are the latest batch of results from the company's big infill drill program that began last year. Several other noteworthy assays were received, including hits of 9.92 grams per tonne over 16.6 metres and 5.57 grams per tonne over 19.0 metres. Mr. de Jong, president and chief executive officer, was pleased with the assays, which he says "further validate the company's growth strategy."

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