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 lost another $9.20 to $1,867.30 on Thursday. The TSX-V managed a 9.22-point gain to 687.15 while the TSX gold index rebounded 5.54 points to 343.02. Oceanagold Corp. (OGC), 16 cents lower on no news Wednesday, dropped another 19 cents today, closing at $1.66 on 6.35 million shares. The company said early today that it lost nearly $97-million (U.S.) in its third quarter, a result of impairment charges and the loss of production related to the suspension of mining at Didipio, in the Philippines.
On the other hand, John McCluskey's Alamos Gold Inc. (AGI) had a good day, adding $1.35 to $12.16 on 3.8 million shares on word that it earned $68-million (U.S.) in its third quarter, thanks to strong production and lower costs at its mines.
Fred Stanford and Jody Kuzenko's Torex Gold Resources Inc. (TXG) lost 22 cents to $17.82 on 620,000 shares on word that it has drilled a 9.1-metre zone averaging 30.7 grams of gold per tonne at its El Limon-Guajes underground mine in Guerrero, Mexico. The encouraging hit was just one of several recorded in the Subsill area, with a 12.2-metre interval returning 23.88 grams per tonne and an 18.9-metre zone managing 14.85 grams per tonne. Torex also has new assays from the El Limon Deep area, with intersections of up to 20.37 grams per tonne over 6.9 metres and 15.98 grams per tonne over 13.2 metres leading the way.
The remainder is available to Stockwatch subscribers.
© 2020 Canjex Publishing Ltd. All rights reserved.