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by Stockwatch Business Reporter

New York spot gold rose $8.50 to $2,035.70 on Thursday. The TSX Venture Exchange rose 7.29 points to 534.26 while the TSX gold index added 4.41 points to 287.33. Most Canadian-listed gold miners moved higher today, although SSR Mining Inc. (SSRM), which fell 44 cents to $14.18 on 2.95 million shares, was an exception. Leading the advance was Ero Copper Corp. (ERO), which jumped $1.97 to $21.90 on 918,000 shares.

Gerard Bond's Oceanagold Corp. (OGC) surged 24 cents to $2.52 on 6.28 million shares on word that its drillers continue to hit noteworthy intervals of gold at two of its mines. The thing about mining is that it depletes a company's assets, so to stay alive an explorer-turned-miner must return to its exploratory roots to sustain its operations. (Finding and developing a new mine might be easier, but the added benefit of adding ounces to operational mines is that it pushes the cost of reclamation farther down the road.)

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