CAPITAL MARKETS

Tahoe jumps 21%

Gold stocks gain

Staff reporter

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The silver-turned-increasingly-gold-focused company had hit a 52-week low of C$4.75 on February 9.

It rose 20.83% to $6.09 yesterday, having announced last week it expected 2018 to be a pivotal year for the company and that it was optimistic of a turnaround at its hobbled Escobal silver mine in Guatemala.

The gain is still a long way below its 12-month high of $12.98 reached in May last year.

Toronto's metals and mining sector closed up 1.16% with positive moves from other gold stocks including B2Gold (CN:BTO), up 4.19%.

In the US, gold major Newmont Mining (US:NEM) was the biggest gainer among mining stocks on the S&P500 yesterday, up 1.63%, while in London, Randgold Resources (LN:RRS) rose 1.26%.

The gold sector was mixed in Australia today with miners Saracen Mineral Holdings (AU:SAR) up more than 1% and St Barbara (AU:SBM) more than 1% lower in late afternoon trade.

The gold price was within a few dollars of yesterday's spot price at US$1,332 an ounce earlier.

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