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Gold Summary for July 3, 2020

2020-07-03 20:06 ET - Market Summary

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by Stockwatch Business Reporter

New York spot gold fell $0.10 to $1,774.40 on Friday. The TSX-V rose 5.51 points to 633.02 while the TSX gold index slipped 0.58 point to 340.04. Oceanagold Corp. (OGC) helped lead Canadian gold miners higher today. It added six cents to $3.03 on 721,000 shares. Iamgold Corp. (IMG) also did well, adding 21 cents to $5.64 on 1.86 million shares. Gran Colombia Gold Corp. (GCM) was weaker. It fell two cents to $6.83 on 766,000 shares.

Oliver Friesen's Gold Lion Resources Inc. (GL), unchanged at 58 cents on 994,000 shares, has received assays of up to 6.49 grams of gold per tonne from rock sampling at its Robber Gulch oxide gold project in southern Idaho. The sampling shows an area of mineralization spanning a strike length of greater than two kilometres displaying "strongly anomalous" amounts of gold. (Anomalous is typically geologist-speak for low-grade; this would be at the higher end of that discouraging descriptor.)

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