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Gold Summary for June 21, 2024

2024-06-21 18:35 ET - Market Summary

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by Stockwatch Business Reporter

New York spot gold fell $40.10 Friday, closing at $2,319.50. The TSX Venture Exchange lost 1.72 points to 570.71 while the TSX gold index dropped 3.47 points to 315.60. Most Canadian gold miners lost ground today, with several in retreat on hefty volumes. Barrick Gold Corp. (ABX) dropped 53 cents to $22.68 on 18.25 million shares, with over seven million shares traded in the opening 15 minutes. Wheaton Precious Metals Corp. (WPM) fell $1.17 to $72.58 on 5.44 million shares, with two million shares traded in the opening seconds.

Yesterday, Clive Johnson's Calibre Mining Corp. (CXB) fell three cents to $1.86 on a whopping 86.4 million shares, 79 million of which were crossed in a single BMO Nesbitt transaction just before the open. Today, the seller of that block of stock identified itself as Clive Johnson's B2Gold Corp. (BTO). This is not all the Calibre stock that it owned -- B2Gold held nearly 111 million shares before the trade -- but it says that it "does not currently plan to make any additional changes to its interest" in Calibre. (If and when it does, B2Gold will no longer have to tell you, as its 14-per-cent interest in the company is now reduced to barely 5 per cent.)

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