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Gold Summary for Feb. 3, 2025

2025-02-03 18:45 ET - Market Summary

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by Stockwatch Business Reporter

New York spot gold jumped another $17.20 to close at $2,813.10 on Monday. The TSX Venture Exchange slipped 3.08 points to 620.67 while the TSX gold index gained 7.76 points to 398.75. Most Canadian gold miners gained ground today. Equinox Gold Corp. (EQX) leapt 77 cents to $9.54 on 4.35 million shares, aided by word of a strong 2024 in which it produced nearly 622,000 ounces of gold -- with about 214,000 ounces in the fourth quarter alone. Jaguar Mining Inc. (JAG), on the other hand, fell 13 cents to $2.44 on 288,000 shares in silence.

Patrick Godin's New Gold Inc. (NGD) slid 20 cents to $4.19 on 8.32 million shares on word that it "mutually decided to part ways" with chief operating officer and executive vice-president Yohann Bouchard. It is unclear whether Mr. Bouchard started the process with an "I quit," or if Mr. Godin, president and chief executive officer, first huffed a "you're fired" at Mr. Bouchard, but either way, New Gold saw the last of Mr. Bouchard on Friday. "I thank Yohann for his contribution to New Gold during his tenure," said Mr. Godin, before cheering that the departure "creates for us an opportunity for new operational leadership."

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