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Gold Summary for March 31, 2025

2025-03-31 18:27 ET - Market Summary

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by Stockwatch Business Reporter

New York spot gold carries on northward, as bullion jumped $38.30 to $3,123 on Monday. The TSX Venture Exchange did lose 5.33 points to 628.30 but the TSX gold index added 6.34 points to 457.80. Yes, Canada's gold listings are doing well -- the index sat at just 295 a year ago -- but remember that it was as high as 464 points in 2011, back when bullion had just reached a high of $1,900 (U.S.) an ounce. Barrick Gold Corp. (ABX) was among those northbound today, as it added 56 cents to $27.94 on 10 million shares. Aris Mining Corp. (ARIS) kept it company with a 14-cent gain to $6.65 on 1.64 million shares.

SSR Mining Inc. (SSRM) led those in retreat. It fell $1.16 to $14.42 on 1.04 million shares following release of its 2025 operating guidance. The company expects to produce between 410,000 and 480,000 equivalent ounces of gold this year at an all-in sustaining cost of between $1,890 (U.S.) and $1,950 (U.S.) per ounce. That does not include the Copler mine in Turkey, which has been on care and maintenance since it experienced a rock slide with multiple fatalities over a year ago.

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