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 rose $10.90 to $2,035.10 on Friday. The TSX Venture Exchange lost 5.11 points to 548.14 while the TSX gold index rose 4.61 points to 246.71. Most Canadian gold miners moved little today, but there were exceptions. Eldorado Gold Corp. (ELD) fell 93 cents to $14.29 on 2.62 million shares on word of a $105-million (U.S.) profit in 2023.

On the positive side, John McConnell's Victoria Gold Corp. (VGCX) added 36 cents to $5.64 on 637,000 shares on word it plans to buy back up to 3.32 million shares over the coming year, about 5 per cent of its total. Mr. McConnell, president and chief executive officer, offered the usual explanation -- he and his crew think the stock price does not reflect the company's value.

Headed lower today was Jody Kuzenko's Torex Gold Resources Inc. (TXG). Torex lost 25 cents to $13.66 on 767,000 shares on word that it earned $204.4-million (U.S.) in 2023. The company's 454,000 ounces of gold produced hit the midpoint of its guidance, and its Media Luna project is slated for initial production late this year. Ms. Kuzenko cheers that this will be a "pivotal year" for Torex, which will also spend big on exploration to "demonstrate the exceptional resource endowment" of its Morelos project. Still, the good cheer was insufficient to pivot Torex's stock northward -- it has been sliding southward since trading at $16.26 in late December.

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