This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.
Here is a sample of this item:
by Stockwatch Business Reporter
New York spot gold lost $2.50 to $1,346.10 on Friday. The TSX Venture Exchange lost 2.06 points to 771.99 while the TSX Gold Index dipped 1.68 points to 208.69. Most Canadian golds were down today, although Centerra Gold Inc. (CG) bucked the trend, adding another 13 cents to $8.78 on 1.99 million shares. Guyana Goldfields Inc. (GUY) dropped 25 cents to $4.82 on 838,000 shares.
Dan Omeniuk's MX Gold Corp. (MXL: $0.15) expects to have its Magistral processing plant on the Magistral Del Oro tailings project in Durango, Mexico, operational by November. MX Gold acquired a 50-per-cent interest in the project earlier this year. Magistral includes a $4.5-million (U.S.) processing facility that was built in 2013 and operated for several months. It was mothballed in 2014 after flooding and operational problems prevented it from operating near capacity. MX Gold bought its way into the project for $1-million (U.S.) and it has been working to expand, and presumably fix, the plant so it can run at 1,000 tonnes per day.
The remainder is available to Stockwatch subscribers.
© 2018 Canjex Publishing Ltd. All rights reserved.