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Gold Summary for Jan. 14, 2022

2022-01-14 18:42 ET - Market Summary

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by Stockwatch Business Reporter

New York spot gold fell $5.10 to $1,817.10 on Friday. The TSX-V moved lower, dropping 4.23 points to 902.81, while the TSX gold index fell 1.73 points to 280.10. Brazilian gold and copper miner, Ero Copper Corp. (ERO) managed a 10-cent gain to $16.30 on 822,000 shares. The company said this week that it produced 45,500 tonnes of copper and 38,000 ounces of gold last year, enough to prod analysts into reaffirming their recommendations while gently sliding their "share target" prices lower. It is a hard-to-lose saw-off in a difficult-to-win business -- which is why analyst opinions abound.

Fiore Gold Ltd. (F) is no more. The stock, which rose eight cents to $1.40 on 406,000 shares Tuesday and went untraded the next two days, has been delisted thanks to its acquisition by Blayne Johnson and Darren Hall's Calibre Mining Corp. (CXB). Fiore's shareholders got 0.994 of a Calibre share for each of their 101.2 million Fiore shares, as well as a cash sweetener of 10 cents per share. Calibre, up six cents to $1.41 on 1.81 million shares today, wanted Fiore for its Pan mine in Nevada and its nearby Gold Rock project.

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