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by Stockwatch Business Reporter

New York spot gold rose $18.40 to $1,735.70 on Wednesday. The TSX-V moved higher, adding 14.48 points to 619.76 while the TSX gold index added 1.31 points to 233.04. Most Canadian-listed gold miners moved little today. Agnico Eagle Mines Ltd. (AEM), a $117 stock two years ago, fell 22 cents to $50.66 on 2.77 million shares today. Oceanagold Corp. (OGC) went the other way, adding nine cents to $2.39 on 2.69 million shares today. A share cost $4 two years ago. Iamgold Corp. (IMG) managed some headway today, adding 10 cents to $1.86 on 2.72 million shares. (Recall that it traded just short of $5 in early spring.)

Joseph Hebert's Outcrop Silver & Gold Corp. (OCG) rose one-half cent to 14.5 cents on 225,000 shares on word that it has drilled a 6.93-metre interval averaging 4.27 grams of gold and 1,770 grams of silver per tonne along with modest amounts of lead and zinc at its Santa Ana project in Colombia. The hit was one among three new holes drilled into the Los Naranjos vein, about 350 metres northwest of the Santa Ana vein. A second hole produced 4.1 grams of gold and 712 grams of silver per tonne, but over just 1.5 metres, while the third yielded 1.35 grams of gold and 864 grams of silver per tonne over 1.33 metres.

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