05:36:24 EDT Mon 15 Aug 2022
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save

Gold Summary for June 24, 2022

2022-06-24 18:54 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 rose $4.50 Friday, ending the day at $1,826.80. The TSX-V gained ground, adding 15.54 points to 647.33 while the TSX gold rose 4.91 points to 280.70. Some Canadian gold miners did well today. One, New Gold Inc. (NGD), added six cents to $1.54 on 1.53 million shares. A few struggled: Victoria Gold Corp. (VGCX) fell 24 cents to $12.06 on 372,000 shares.

The other shoe dropped today at Argonaut Gold Inc. (AR). Argonaut crashed 22 cents to 57 cents on 22.72 million shares yesterday on word that it had arranged a $250-million (U.S.) financing conditional on selling $150-million (U.S.) of new shares. Today, Argonaut added one cent to 58 cents on 20.76 million shares on word that it will be selling a whopping 434 million shares at 45 cents, raising $195-million -- the required $150-million (U.S.). The company currently has just over 330 million shares outstanding, so the placement is a heavy dose of dilution for shareholders to swallow.

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

© 2022 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.