16:46:39 EDT Wed 22 Sep 2021
Enter Symbol
or Name

Login ID:

Gold Summary for July 30, 2021

2021-07-30 18:52 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 fell $14.10 Friday, closing at $1,813.80. The TSX Venture Exchange rose 4.36 points to 925.63 while the TSX gold index added 0.45 point to 308.83. Many Canadian gold miners moved lower today, but there were several gainers. Oceanagold Corp. (OGC) rose 10 cents to $2.43 on 925,000 shares on word that it earned $31.4-million (U.S.) in its second quarter, thanks to the strong performance of its Haile mine in South Carolina.

Eldorado Gold Corp. (ELD) racked up one of the larger declines, losing 61 cents to $11.66 on 1.44 million shares on word that it recorded a $58-million (U.S.) loss in its second quarter. A $100-million (U.S.) impairment charge at the company's Tocantinzinho project in north-central Brazil wiped out any chance of a profit. Eldorado incurred the charge because it is looking to sell the "non-core" asset, which hosts a reserve of 38.9 million tonnes averaging 1.42 grams of gold per tonne, about 1.78 million ounces of gold.

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

© 2021 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.