23:37:34 EDT Tue 28 Mar 2023
Enter Symbol
or Name

Login ID:

Gold Summary for March 10, 2023

2023-03-10 18:24 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 rose $37.50 to $1,868.40 Friday as the TSX Venture Exchange fell 5.70 points to 612.04 while the TSX gold index jumped 4.47 points to 265.27. Most Canadian gold miners moved upward, some with enthusiasm. Endeavour Mining PLC (EDV) had shed 93 cents to $26.44 Thursday on word it had lost $66-million (U.S.) last year, but today it rose $1.34 to $27.78 on 1.23 million shares. Before you whip out the party hats and kazoos, remember that Endeavour traded at $29.54 just a week ago.

Randy Smallwood's Wheaton Precious Metals Corp. (WPM) also did well, gaining $1.95 to $55.95 on 2.44 million shares on word it earned $669-million (U.S.) last year -- a result that had Mr. Smallwood, president and chief executive officer, so enthused that he led off his disclosure with his promotional pitch, not the news. The company's portfolio of "long-life, low-cost assets delivered over $1-billion (U.S.) in revenue," he cheered, gushing that the "strong financial performance reflects the resiliency of Wheaton's streaming business model" -- adding that even in the current inflationary environment, Wheaton averaged 75 per cent cash operating margins.

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

© 2023 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.