09:37:41 EDT Fri 29 Mar 2024
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Gold Summary for Oct. 29, 2018

2018-10-29 19:15 ET - Market Summary

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by Stockwatch Business Reporter

New York spot gold fell $4680 to $1,228.20 on Monday. The TSX Venture Exchange fell 13.40 points to 630.18 while the TSX Gold Index dipped 0.17 point to 161.10. Goldcorp Inc. (G) led Canadian gold miners today, adding 24 cents to $11.82 on 7.91 million shares. The company said today that it plans to buy back up to 5 per cent of its 870 million shares over the next 12 months. Torex Gold Resources Inc. (TXG) went the other way, dropping 39 cents to $11.97 on 266,000 shares.

Ian Klassen's Grande Portage Resources Ltd. (GPG), down four cents to 21 cents on 874,000 shares, has received assays from another hole at its Herbert gold project, just north of Juneau in southeastern Alaska. The hole, drilled beneath the site that produced 290 grams of gold and 224 grams of silver per tonne from a 1.02-metre channel sample, yielded a 5.22-metre true-width interval averaging 15.69 grams of gold per tonne. This hit on the deeper portion of the Goat Creek vein included a 1.05-metre subinterval that averaged 64.19 grams per tonne near the footwall contact of the structure. A week ago, Grande Portage received assays of up to 30.24 grams of gold and 40.52 grams of silver per tonne over a true width of 4.81 metres from the Deep Trench vein.

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