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 lost $3.30 to $1,321.60 on Thursday. The TSX Venture Exchange lost 2.47 points to 829.47 while the TSX Gold Index fell 0.55 point to 181.40. Torex Gold Resources Inc. (TXG) led Canadian gold miners lower,again,dropping 32 cents to $9.17 on 443,000 shares. Alacer Gold Corp. (ASR) was strong, gaining six cents to $2.11 on 490,000 shares.
Matthew Hornor's Maple Gold Mines Ltd. (MGM), down one-half cent to 24 cents on 487,000 shares, has received the fourth and final permit required for its drill program at Douay, north of Val d'Or in Quebec. The company now has five drill rigs on the property and is ramping up the program to cover several new targets. Mr. Hornor, president and chief executive officer, says that Douay hosts several known higher-grade plums with variable diameters that have seen just limited follow-up drilling. Therefore, he says, these areas offer a big opportunity to add higher-grade gold to the deposit. Mr. Hornor says that the company spent a lot of time last year generating drill targets and it will be testing the most exciting ones.
The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS
© 2018 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.