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Gold Summary for March 21, 2017

2017-03-21 21:21 ET - Market Summary

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by Stockwatch Business Reporter

New York spot gold gained $10.30 to $1,244.20 on Tuesday. The TSX Venture Exchange fell 7.27 points to 804.36 while the TSX Gold Index rose 3.73 points to 213.57. There were some good gains today. Endeavour Mining Corp. (EDV), rose $1.49 to $24.91 on 806,000 shares, while Premier Gold Mines Ltd. (PG) added 30 cents to $2.94 on 2.89 million shares.

Jean Lafleur and Keith Minty's Aurvista Gold Corp. (AVA), down 2.5 cents to 31 cents on 3.42 million shares, has concluded metallurgical testing of rock from its Douay gold project in the Abitibi region of Quebec. The company processed 10 samples, which weighed a total of 311 kilograms and graded 1.89 grams of gold per tonne, and it recovered 92 per cent of the gold, 26 per cent through gravity and an additional 66 per cent through flotation. Mr. Lafleur, president and chief executive officer, says he was "pleased and encouraged" since the recoveries Aurvista managed are in line with those obtained elsewhere along the Abitibi gold belt. He says that more drilling and metallurgical testing are planned near the end of the year, adding that he is confident the recovery process will continue to improve.

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