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 fell $4.30 to $1,904.40 on Wednesday. The TSX-V regained 0.47 point to 617.85 while the TSX gold index inched 0.55 point lower to 300.04. Torex Gold Resources Inc. (TXG) was a laggard, dropping 62 cents to $17.03 on 746,000 shares. On the other hand, Ero Copper Corp. (ERO) had a good day, jumping 92 cents to $21.19 on 952,000 shares on word of record gold and copper production last year. Ero produced nearly 43,000 ounces of gold and 28,000 ounces of silver last year, beating its 2022 guidance, as did the 46,371 tonnes of copper it produced. This year, Ero is upping its gold forecast significantly, to between 50,000 and 53,000 ounces of gold.

Collin Kettell's New Found Gold Corp. (NFG) slid 20 cents to $4.95 on 604,000 shares following a series of new gold strikes farther southwest along the Appleton fault zone (AFZ) on its Queensway project in north-central Newfoundland. These were exciting new hits in one way, as they extend the proven gold-bearing zones more than a kilometre southwest from Keats Main, but as has recently been the case, most of the bonanza-grade gold resides in narrow intervals, not the long hits that New Found Gold regularly scored in the spring of 2021 at Keats, Lotto and Golden Joint.

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