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Gold Summary for Aug. 23, 2019

2019-08-23 18:37 ET - Market Summary

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by Stockwatch Business Reporter

New York spot gold leapt up $29.10 to $1,526.60 on Friday. The TSX Venture Exchange climbed 3.85 points to 581.95 while the TSX Gold Index rose 8.56 points to 260.51. Most Canadian golds glittered today despite the usual dearth of Friday news. Eldorado Gold Corp. (ELD) gained 79 cents to $12.19 on 4.07 million shares, while Yamana Gold Inc. (YRI) added 44 cents to $4.83 on 8.96 million shares.

Ryan Kalt's Red Lake Gold Inc. (RGLD) jumped to a morning high of 39 cents, ending the day up eight cents to 30 cents on 1.17 million shares on word that it is seeking $500,000 through the sale of up to two million shares at 25 cents. The cash is for exploration at the Whirlwind Jack gold project near Red Lake in Northwestern Ontario, as well as for working capital. (The cash is needed, as Red Lake was nearly broke at the end of May. Fortunately, it is not chained to a big current liability like the many zombies shuffling along Howe Street these days.)

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