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Gold Summary for May 18, 2022

2022-05-18 19:39 ET - Market Summary

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by Stockwatch Business Reporter

New York spot gold added $0.80 Wednesday, ending the day at $1,816.50. The TSX-V slumped 21.32 points to 691.17 today while the TSX gold index dropped 6.88 points to 287.68. Most Canadian gold miners moved lower today. Karora Resources Inc. (KRR) dropped 20 cents to $4.98 on 829,000 shares and Endeavour Mining PLC (EDV) tagged along, dropping $1.22 to $27.96 on 1.32 million shares. Thin trading Atalaya Mining PLC (AYA) managed a 14-cent gain, ending the day at $7.22 on 320,000 shares, aided by word of a technical report covering its Proyecto Masa Valverde precious metals and copper project in Spain.

Jason Kosec's Millennial Precious Metals Corp. (MPM) slid 6.5 cents to 39.5 cents on 1.18 million shares today on word that it is selling 37.5 million shares at 40 cents through a bought-deal financing. As usual, retail investors without the means or connections needed to participate in a placement priced at a discount of nearly 20 per cent to the recent average share price chose to arrange a discount of their own in the market.

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