Gold Summary mentions NFG
Gold Summary for May 25, 2021
2021-05-25 18:43 ET - Market Summary
by Stockwatch Business Reporter
New York spot gold rose $19.20 Tuesday, closing at $1,899.70. The TSX Venture Exchange fell 2.26 points to 954.96 while the TSX gold index rose 0.13 point to 333.30. Most Canadian gold miners moved little today, but there were notable exceptions. New Found Gold Corp. (NFG), not yet a miner but looking very much like it will become one at Queensway in central Newfoundland, jumped $1.33 to $12.19 on 1.42 million shares. The move follows Friday's $1.66 leap to $10.86 on 972,000 shares, a gain triggered by news that a 25.6-metre bonanza-grade interval drilled in the Keats zone averaged 146.2 grams of gold per tonne.