09:29:07 EDT Tue 09 Aug 2022
Enter Symbol
or Name

Login ID:

Gold Summary for Aug. 3, 2022

2022-08-03 19:16 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 $5.70 to $1,765.90 on Wednesday. The TSX-V rose 0.44 point to 655.20 while the TSX gold index retreated 3.79 points to 232.60. Most Canadian gold miners were in retreat today, including Iamgold Corp. (IMG), which dropped seven cents to $2.07 on 2.6 million shares. Endeavour Mining PLC (EDV) did well, but it had news, adding 22 cents to $25.39 on 1.4 million shares on word that it earned $189-million (U.S.) in its second quarter.

Argonaut Gold Inc. (AR) had a good day, hitting an intraday high of 57.5 cents before ending the session up three cents to 53 cents on 15.99 million shares. The company had no news, but it will reveal its second quarter financials next week and -- at least one hopes -- all the bad news it could muster has already been revealed. The most recent bad news came in late June, when the company said its Magino mine would cost $920-million before the build was complete. That halved its stock price, and it dropped some more in early July when the company completed a $195-million equity-shore-up at 45 cents per share.

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.