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Gold Summary for Sept. 20, 2022

2022-09-20 18:49 ET - Market Summary

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by Stockwatch Business Reporter

New York spot gold fell $11.90 to $1,665.00 on Tuesday. The TSX-V lost 9.20 points to 616.72 while the TSX gold index fell 4.42 points to 229.54. Most Canadian gold miners were in retreat today. Torex Gold Resources Inc. (TXG) fell 19 cents to $9.28 on 336,000 shares while Victoria Gold Corp. (VGCX) lost seven cents to $7.54 on 265,000 shares.

Brodie Sutherland's Tocvan Ventures Corp. (TOC) rose three cents to 71 cents on 217,000 shares following word that it is set to start drilling at its El Picacho precious metals project in Sonora, Mexico. The maiden program will target the San Ramon prospect, a 500-metre-square area where it believes that high-grade sampling both at surface and in old underground workings indicate potential for a near-surface bulk tonnage target. As well, the company plans bulk sampling and drilling at Pilar, another of its Sonoran precious metal properties.

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