01:51:33 EDT Thu 01 Jun 2023
Enter Symbol
or Name

Login ID:

Gold Summary for March 30, 2023

2023-03-30 19:46 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 $17.30 to $1,981.90 on Friday. The TSX Venture Exchange rose 6.40 points to 630.01 while the TSX gold index rose 2.38 points, closing at 308.83. Canadian gold miners traded gained altitude for the most part, and while one major explorer with an advancing chart of late, New Found Gold Corp. (NFG), did drop early, it closed 11 cents higher to $6.97 on 302,000 shares. Endeavour Mining PLC (EDV) helped lead the advance, adding $1.11 to $32.84 on 1.28 million shares despite being silent this week.

One company with news today -- good news for a change -- was Argonaut Gold Inc. (AR). Argonaut got as high as 69 cents in intraday trading on word of significant increases in its reserve and resource estimates at Magino, its troubled, under construction mine in Northern Ontario, and at Florida Canyon, in Nevada. The new estimate, says Mr. Young, president and chief executive officer, "underpins our belief that the combination of Magino and a development of Florida Canyon can provide the foundation for Argonaut's transition into a low-cost, mid-tier gold producer."

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

© 2023 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.