Gold had rebounded above $2,000 earlier as traders took stock of news that JPMorgan Chase would buy most of First Republic Bank's assets.

A global market deficit is expected for 2023 as a whole, but surpluses are likely from next year, rising to 145,693 tonnes by 2027.

Adjusted net earnings were $0.11 per share, a significant turnaround from a net loss of the same amount per share last year.

The metal has lost almost 17% in April and briefly dipped below $100 a tonne earlier this week.

The Canadian miner withdrew a plan to split itself in half just hours before a high-stakes vote.

The open-pit project 200 km north of Yellowknife estimates annual production of 290,000 oz. of gold.

Chinese lithium carbonate ticked up 1.2% Wednesday, the first gain this year.