00:07:17 EDT Sun 20 Oct 2019
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save

Gold Summary for Oct. 9, 2019

2019-10-09 19:08 ET - Market Summary

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 fell $0.20 to $1,504.90 on Wednesday. The TSX Venture Exchange dipped 2.07 points to 550.60 while the TSX Gold Index lost 1.73 points to 248.60. Most Canadian gold miners lost ground today, although news was sparse. Torex Gold Resources Inc. (TXG), which fell 48 cents to $17.14 on 394,000 shares, did have news -- if saying that its third-quarter report is expected at the end of the month qualifies as having news. Torex said last week that it produced nearly 140,000 ounces of gold in the quarter, information that sent the stock up 84 cents to a high of $18.40.

A low-grade hit at Madsen, near Red Lake in Northwestern Ontario, sent Darin Labrenz's Pure Gold Mining Inc. (PGM) up two cents to 60 cents on 416,000 shares. The result, 2.2 grams of gold per tonne over 10.4 metres, came from a hole drilled in a "widespread gap" midway between the near-surface Russet South deposit and the high-grade gold encountered at depth in the No. 8 zone at Madsen. Mr. Labrenz, president and chief executive officer, cheered the result, noting that building predictable gold continuity and expanding the scale of the Madsen gold complex have been a central focus and achievement for the company.

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS

© 2019 Canjex Publishing Ltd. All rights reserved.


Reader Comments - Comments are open to paying subscribers of Stockwatch and unmoderated, although libelous remarks, obscene language and impersonations may be deleted. Opinions expressed do not necessarily reflect the views of Stockwatch.
For information regarding Canadian libel law, please view the University of Ottawa's FAQ regarding Defamation and SLAPPs.