11:13:25 EDT Fri 29 Mar 2024
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Gold Summary for July 22, 2022

2022-07-22 19:12 ET - Market Summary

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by Stockwatch Business Reporter

New York spot gold rose $8.10 to $1,727.30 on Friday. The TSX-V fell 8.28 points to 607.97 while the TSX gold index lost 2.30 points to 237.30. Most Canadian gold miners lost ground, with Oceanagold Corp. (OGC), down 11 cents to $2.30 on 1.88 million shares, leading the way. Karora Resources Inc. (KRR) did well, adding four cents to $2.92 on 1.76 million shares.

Newmont Corp. (NGT) was down 61 cents to $66.48 on 229,000 shares on word that it has declared a 55-cent quarterly dividend to be paid in mid-September. The dividend is unchanged from several recent quarters. The company last changed its dividend during the pandemic, upping the rate from 25 cents to 40 cents late in 2020 and to 55 cents in early 2021. When the company began life following the merger of Newmont Mining and Goldcorp three years ago, it was paying a quarterly dividend of just 14 cents per share.

John Williamson's Benchmark Metals Inc. (BNCH) lost two cents to 52 cents on 280,000 shares. The company is pursuing new drill targets in the northwestern area of its Lawyers project in northwestern British Columbia. The Kodah and Round Mountain areas are of interest it says, based on high-grade gold and silver grab sampling assays and kilometre-scale soil geochemical anomalies. These "robust areas of interest" are now being advanced through ground magnetic surveying and more grab sampling and mapping.

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