#Gold Companies In, #Energy Out! $DPM, $EQX, $LUG, $SIL, $TGZ Added to S&P/TSX COMPOSITE INDEX

#Gold Companies form the core of companies Added, while Oil & Gas Co.'s represent majority of Deletions.

Dundee Precious Metals ($DPM), Equinox Gold ($EQX), Lundin Gold ($LUG), SilverCrest Metals ($SIL), Teranga Gold ($TGZ) Added to the S&P/TSX COMPOSITE INDEX 

#Gold Companies In, #Energy Out!

S&P Dow Jones Indices Announces Changes to the S&PTSX Composite Index and S&PTSX 60 Index.html 

TORONTO, June 12, 2020 /CNW/ - As a result of the quarterly review, S&P Dow Jones Indices will make the following changes in the S&P/TSX Composite Index and S&P/TSX 60 Index prior to the open of trading on Monday, June 22, 2020:

#Gold starting the week down, but still (barely) holding the $1700 level, last $1708.10/oz. $GLD

#Gold starting the week down, trying to hold the $1700 level. 

https://mastermetalsblog.blogspot.com/p/24-hour-spot-gold-silver.html#.Xudsp-BvQ9w.blogger

24 Hour Spot Gold & Silver: Gold Charts Silver

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@MasterMetals

Raising Cash: @NewGoldInc sells Blackwater #Gold project for $190MM to Artemis - $NGD $ARTG.v

New Gold (TSX: NGD; NYSE-AM: NGD) is selling its Blackwater project in central B.C. to Artemis Gold (TSXV: ARTG) for $190 million in cash.

The terms of the deal are as follows:

- New Gold will be paid $140 million upon closing and $50 million in 12 months. 

- It will also receive a stream on 8% of the gold produced at Blackwater, falling to 4% after New Gold receives the first 280,000 oz. of gold

- $20 million in Artemis shares for a 9.9% stake in the company.

The Blackwater project, about 160 km southwest of Prince George and 446 km northeast of Vancouver, currently has 8.2 million oz. of gold in proven and probable reserves and 60.8 million oz. of silver. The project's measured and indicated resource, exclusive of reserves, stands at 1.4 million oz. gold and 8.9 million oz. silver.

Read the rest of the release here on the Canadian Mining Journal: 

http://www.canadianminingjournal.com/news/new-gold-sells-blackwater-to-artemis-for-190m-in-cash 

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MasterMetals