09:14:04 EST Sat 21 Dec 2024
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save

Gold Summary for Aug. 16, 2024

2024-08-16 17:13 ET - Market Summary

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 added $34.90 Friday, closing at $2,491.20. The TSX Venture Exchange added 8.09 points to 566.41 while the TSX gold index rose 8.65 points to 365.63. Allied Gold Corp. (AAUC) was strong, adding 25 cents to $3.35 on 2.24 million shares. So was K92 Mining Inc. (KNT), which rose 46 cents to $7.84 on 1.4 million shares. Lundin Mining Corp. (LUN) lost ground today, dropping 20 cents to $12.86 on 3.63 million shares.

Collin Kettell and Denis Laviolette's New Found Gold Corp. (NFG) was one of the strong silent types today, as it added 28 cents to $3.79 on 504,000 shares. The company has gone more than a month without assays from its Queensway project, just west of Gander in north-central Newfoundland. A steady diet of bonanza-grade hits from the project propelled New Found to a high of $13.50 three years ago, but it recently dipped to just $3.21. Several hundred thousand metres of drilling have been completed and while there has been no bad news, the company still does not have a resource estimate for the project. Unfortunately, the market has a short attention span unless one feeds it a steady diet of surprises.

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

© 2024 Canjex Publishing Ltd. All rights reserved.


Reader Comments - Comments are open to paying subscribers of Stockwatch and unmoderated, although libelous remarks, obscene language and impersonations may be deleted. Opinions expressed do not necessarily reflect the views of Stockwatch.
For information regarding Canadian libel law, please view the University of Ottawa's FAQ regarding Defamation and SLAPPs.