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Gold Summary for Nov. 12, 2018

2018-11-12 20:25 ET - Market Summary

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by Stockwatch Business Reporter

New York spot gold fell $9.50 to $1,199.90 on Monday. The TSX Venture Exchange fell 13.15 points to 638.27 while the TSX Gold Index lost 3.23 points to 158.71. Most Canadian gold miners followed bullion lower today. Endeavour Mining Corp. (EDV) lost 81 cents to $17.80 on 370,000 shares, while Barrick Gold Corp. (ABX) shed 44 cents to $16.65 on 4.19 million shares. New Gold Inc. (NGD) edged higher, adding one cent to $1.10 on 2.21 million shares.

James Greig and John Williamson's Benchmark Metals Inc. (BNCH), up 1.5 cents to 25.5 cents on 587,000 shares, has received assays of up to 31.08 grams of gold and 1,590 grams of silver per tonne from rock sampling at Marmot, one of several zones tested at its Lawyers project in northwestern British Columbia. The latest sampling also yielded 7.94 grams of gold and 1,265 grams of silver per tonne from the AGB zone and 12.05 grams of gold and 7.88 grams of silver per tonne from the Silver Pond North zone. The grades were less than those found earlier this year from the Phoenix zone, where rock samples assayed as high as 220 grams of gold and over 10,000 grams of silver per tonne, and from Dukes Ridge, which produced 23.1 grams of gold and 5,370 grams of silver per tonne.

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