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Gold Summary for Jan. 13, 2020

2020-01-13 18:39 ET - Market Summary

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by Stockwatch Business Reporter

New York spot gold lost $13.60 to $1,548.50 on Monday. The TSX Venture Exchange followed bullion lower, dropping 10.07 points to 572.28, as did the TSX Gold Index, which lost 5.67 points to 248.99. Decliners were aplenty among Canadian gold miners today, but Newmont Goldcorp Corp. (NGT) stood out with its 33-cent gain to $55.48 on 200,000 shares. Torex Gold Resources Inc. (TXG) led the retreat, dropping $1.10 to $19.33 on 522,000 shares, while Centerra Gold Inc. (CG) fell 61 cents to $9.58 on 1.31 million shares.

Marc Henderson and Greg Ferron's Treasury Metals Inc. (TML), down two cents to 25.5 cents on 600,000 shares, has assays from its Goliath project, near Dryden in Northwestern Ontario. The results, from the first nine holes of a 15,000-metre drill program, ranged as high as 14.8 grams of gold per tonne over seven metres, with much of the gold contained in a one-metre interval that averaged 101 grams per tonne. That bit of glitter came from the Eastern C zone; the Main zone, a parallel feature roughly 80 metres to the south, also produced a noteworthy hit, averaging 7.4 grams of gold per tonne over 6.3 metres, aided by a four-metre interval that ran 10.13 grams per tonne.

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