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Gold Summary for Feb. 20, 2019

2019-02-20 18:55 ET - Market Summary

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by Stockwatch Business Reporter

New York spot gold lost $2.60 to $1,337.80 on Wednesday. The TSX Venture Exchange rose 0.28 point to 622.33 while the TSX Gold Index added 1.26 points to 198.59. Barrick Gold Corp. (ABX) moved higher, adding 23 cents to $18.14 on 9.68 million shares. Detour Gold Corp. (DGC) was weaker today. It lost 31 cents to $14.10 on 1.37 million shares.

Stephen Roman's Harte Gold Corp. (HRT), down two cents to 34.5 cents on 4.01 million shares, has updated its resource estimate for the Sugar Zone property, near White River in Northern Ontario. The company now lists 4.24 million tonnes indicated at 8.12 grams of gold per tonne and 2.95 million tonnes inferred at 5.88 grams per tonne, for a total of 1.67 million ounces spread across the Sugar, Middle and Wolf zones. Last year, Harte had just under 1.5 million ounces across the Sugar and Middle zones. The revised calculation is the result of 90,000 metres of infill and stepout drilling completed last year.

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