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Gold Summary for Feb. 4, 2025

2025-02-04 18:24 ET - Market Summary

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by Stockwatch Business Reporter

New York spot gold jumped another $28.10 to close at $2,843.30 on Tuesday. (So much for the election of Donald Trump having cooled the market's appetite for bullion.) The TSX Venture Exchange rebounded 15.9 points to 636.57 while the TSX gold index managed to dip 2.99 points to 395.76. Aya Gold & Silver Inc. (AYA) was among those precious metals miners listed in Canada to have a good day. It rose 52 cents to $12.26 on 1.29 million shares. So did First Quantum Minerals Ltd. (FM), which added $1.20 to $18.88 on 4.58 million shares. Equinox Gold Corp. (EQX) was among those moving lower, as it fell seven cents to $9.47 on 2.96 million shares.

Michael Michaud's Red Pine Exploration Inc. (RPX) rose 1.5 cents to 13 cents on 1.48 million shares on word it has two drills working at its Wawa gold project in Northern Ontario, testing for a deep extension of the Jubilee shear beyond the company's 2024 resource estimate. Three holes are now complete -- short of having the assays that is -- although the company does applaud eyeball assays from two of the new tests. One of the new holes returned visible gold 170 metres downplunge of the resource estimate, while another encountered visible gold 100 metres upplunge.

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