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by Stockwatch Business Reporter
New York spot gold rose $4.60 to $1,284.20 on Tuesday. The TSX Venture Exchange slipped 4.97 points to 593.11 while the TSX Gold Index added 2.06 points to 175.41. Alacer Gold Corp. (ASR) added seven cents to $2.76 on 1.75 million shares. The company said today that it expects to produce between 320,000 and 380,000 ounces of gold this year. Most of the gold will come from the sulphide rock at its Copler deposit in Turkey, with up to 110,000 ounces coming from oxide material from the Copler and Cakmaktepe deposits. Barrick Gold Corp. (ABX) went the other way, dropping 15 cents to $15.74 on 8.46 million shares.
Jonathan Awde's Gold Standard Ventures Corp. (GSV), down one cent to $1.57 on 104,000 shares, has resumed drilling at its Railroad-Pinion gold project in Nevada. The company plans over 9,100 metres, across 67 holes, of infill and stepout drilling on the Dark Star target, in what is essentially a continuation of the company's expanded 2018 program. The work precedes planned resource updates for both Dark Star and Pinion, two of the key deposits on the big project. Those estimates, in turn, will lead to a preliminary economic assessment (PEA) later this year.
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