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by Stockwatch Business Reporter

New York spot gold continued its slide, dropping $18.40 to $1,845.90 on Friday. The TSX Venture Exchange rose 1.98 points to 558.88 while the TSX gold index added 0.12 point to 252.38. Most Canadian gold miners moved lower with bullion. New Gold Inc. (NGD) led the retreat, dropping two cents to $1.25 on 1.64 million shares. Torex Gold Resources Inc. (TXG) was stronger, adding 10 cents to $14.13 on 306,000 shares.

Neither company had news, but one that did was Sandstorm Gold Ltd. (SSL). Sandstorm has renewed a $625-million (U.S.) credit facility, remains on track to hit its 2023 guidance and has declared a two-cent quarterly dividend. In other words, little has changed over the past year and so its share price more or less followed the market, drifting four cents lower to $6.35 on 1.11 million shares today.

Jeff Swinoga's Exploits Discovery Corp. (NFLD) jumped three cents to 12.5 cents on 246,000 shares Thursday, negating the 2.5-cent drop the company endured over the two previous sessions. The move followed word it has produced high counts of gold grains from till sampling on its Gazeebow South property, along the Appleton fault zone in central Newfoundland. Five samples collected in three discrete areas of the property yielded counts that were up to five times higher than background levels, with one yielding 22 pristine and 28 modified grains.

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