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Gold Summary
Symbol C : *MKTGOLD
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Gold Summary for Jan. 3, 2019

2019-01-03 20:56 ET - Market Summary

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by Stockwatch Business Reporter

New York spot gold added $9.70 to $1,293.90 on Thursday. The TSX Venture Exchange gained 7.49 points to 578.49 and the TSX Gold Index added 1.45 points to 186.72. Detour Gold Corp. (DGC) was among the advancers today, gaining 44 cents to $12.19 on 1.28 million shares.

Detour has appointed Bill Williams as interim chief executive officer. He replaces Michael Kenyon, who had been forced out in mid-December through a shareholder coup led by John Paulson's Paulson and Co. The appointment was expected, as in November, Mr. Paulson had identified Mr. Williams, one of his "concerned shareholder nominees," as being willing to step in as interim CEO, if needed. Detour's stock has done well since initial shock of the dissident win. The stock, $11 just before the special meeting vote, briefly dipped as low as $9.91 after the coup, but it has been inching higher since then and is now at a five-month high. (That will be little consolation to those who paid up to $36 for a share in 2016.)

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