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by Stockwatch Business Reporter

New York spot gold slid $22.10 to $1,936.10 on Friday. The TSX Venture Exchange fell 4.66 points to 510.28 while the TSX gold index dropped 1.44 points to 259.24. Most Canadian gold miners lost ground today. Some did so after their third quarter reports, revealed after Thursday's close, failed to impress. Victoria Gold Corp. (VGCX) lost 13 cents to $5.45 on 399,000 shares, while Iamgold Corp. (IMG) fell three cents to $3.15 on 1.91 million shares. China Gold international Resources Corp. (CGG) on the other hand managed a 12-cent gain to $5.44 on 23,000 shares.

Randy Smallwood's Wheaton Precious Metals Corp. (WPM) did well early, on word it earned $116.4-million (U.S.) in its third quarter, but struggled to end the day unchanged at $59.31 on 1.13 million shares. The company produced just over 105,000 ounces of gold and enough silver, palladium and cobalt to total nearly 155,000 gold equivalent ounces in the quarter -- a big improvement over the same period a year ago. And so, production through the first nine months of 2023 is materially ahead of last year's pace.

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