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Gold Summary for Jan. 6, 2025

2025-01-06 17:50 ET - Market Summary

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by Stockwatch Business Reporter

New York spot gold fell $3.30 to close at $2,636.10 on Monday while the TSX Venture Exchange dropped 5.10 points to 618.19 and the TSX gold index fell 7.44 points to 342.06. Most of Canada's diamond miners began the first full workweek of 2025 with declines, although Taseko Mines Ltd. (TKO) bucked the trend by adding six cents to $2.92 on 610,000 shares. Companies with a copper presence also did well, as Capstone Copper Corp. (CS) added three cents to $9.03 on 2.99 million shares. Oceanagold Corp. (OGC), which fell 11 cents to $3.92 on 2.47 million shares, was among those southbound today, as was Iamgold Corp. (IMG), which lost 23 cents to $7.73 on 2.64 million shares.

Jon Cherry's Perpetua Resources Corp. (PPTA) leapt $2.35 to $18.31 on 604,000 shares on word it has received approval from the United States Forest Service (USFS), authorizing the company's mine plan for the Stibnite project in Idaho. The milestone, the company cheers, "comes after eight years of thorough investigation, interagency analysis, consultation and extensive public feedback" on the plan. (Yes, eight years is a long time, even in bureaucrat years.)

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