05:57:46 EST Sun 23 Feb 2020
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save

Gold Summary for Feb. 14, 2020

2020-02-14 18:51 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 $6.80 to $1,582.50 on Thursday. The TSX Venture Exchange lost 0.51 point to 570.49 while the TSX Gold Index slipped 0.84 point to 260.3. Barrick Gold Corp. (ABX) bucked the trend, adding $1 to $26.12 on 12.68 million shares. The increase comes on the heels of Thursday's 73-cent jump on 12 million shares. The gains were triggered by word that the government of Senegal has given approval for Teranga Gold Corp. (TGZ: $7.66) to acquire Barrick's a 90-per-cent interest in the Massawa gold project. In that deal, arranged last year, Teranga agreed to pay Barrick $300-million (U.S.) in cash and issue it 20.72 million shares.

Moving the other way was Sean Boyd's Agnico Eagle Mines Ltd. (AEM). The company said late Thursday that it earned $470-million (U.S.) last year. In doing so, Agnico beat its 2019 production guidance, setting a production record. It also expects production growth of nearly 20 per cent through 2022 and projects declining operating costs over the next few years. Nevertheless, its stock slumped $12.23, ending the day at $66.06 on 5.74 million shares.

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

© 2020 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.


Think AEM got hit too hard. Sold 40% of my Agnico, but will now wait and see.

Posted by Trammer31 at 2020-02-16 00:01