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Gold Summary for Feb. 5, 2025

2025-02-05 18:37 ET - Market Summary

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by Stockwatch Business Reporter

New York spot gold jumped another $20.10 to close at $2,863.40 on Wednesday as the latest bullion rally carries on. The TSX Venture Exchange rose 5.38 points to 641.95 while the TSX gold index surged 11.60 points to 407.36. Most precious metals miners did well today. SSR Mining Inc. (SSRM) led the way, as it jumped $1.32 to $13.04 on 1.51 million shares without support from news. Offer a moment of condolence, therefore, for shareholders of Silver X Mining Corp. (AGX), which dropped 1.5 cents to 19 cents on 3.53 million shares, also in silence.

Darren Hall's Calibre Mining Corp. (CXB) jumped 21 cents to $2.84 on 8.27 million shares on word that an ore control drilling program on a portion of the Leprechaun open-pit deposit has yielded encouraging results. The effort, which tested seven benches of the planned pit, increased the tonnage to 1.42 million tonnes from 1.06 million while the grade grew just slightly, to 1.48 grams per tonne from 1.46 grams per tonne. Accordingly, the ounce count grew nearly 30 per cent, to 67,330 ounces from 49,593 ounces across the tested area.

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