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Gold Summary for Dec. 20, 2018

2018-12-20 17:41 ET - Market Summary

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by Stockwatch Business Reporter

New York spot gold rose $17.10 to $1,259.40 on Thursday. The TSX Venture Exchange fell 4.86 points to 537.01 while the TSX Gold Index added 8.68 points to 181.22. Most Canadian gold miners were as strong today as they were weak yesterday. Agnico Eagle Mines Ltd. (AEM) rebounded $2.95 to $54.55 on 2.2 million shares and Guyana Goldfields Inc. (YRI) leapt 25 cents to $1.61 on 2.54 million shares. Alio Gold Inc. (ALO), strong yesterday, was stronger today. It added nine cents to $1.01 on 435,000 shares.

Claude Lemasson's Eastmain Resources Inc. (ER), down 1.5 cents to 17 cents on 1.15 million shares, has received assays of up to 0.71 gram of gold per tonne over 51.9 metres from its Percival discovery on the Clearwater project in the James Bay district of Quebec. The hit was bolstered by a nine-metre interval that averaged 2.69 grams per tonne. The assays, from five new holes, also included a 1.17-gram-per-tonne hit over 18.3 metres, helped by an eight-metre zone grading 2.35 grams per tonne. The assays fell short of the results from the two discovery holes at Percival, completed in mid-November. The first hole assayed 1.46 grams of gold per tonne over 78.5 metres; the second yielded 2.35 grams per tonne over 87 metres.

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