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by Stockwatch Business Reporter

New York spot gold rose $12.60 to $2,039.90 on Tuesday. The TSX Venture Exchange added 0.97 point to 534.52 while the TSX gold index rose 5.52 points to 291.63. Most Canadian-listed gold miners gained altitude today. Novagold Resources Inc. (NG) was among the more energetic movers despite a two-month silence, as it added 17 cents to $3.58 on 2.96 million shares. McEwen Mining Inc. (MUX) kept it company, as it added 25 cents to $10.58 on 55,000 shares. McEwen had news last week, including word it had closed a $16-million (U.S.) placement, but it has been silent this week.

Martin Horgan's Centamin PLC (CEE) rose one cent to $1.71 on 58,000 shares on word of updated resource and reserve estimates for its Sukari gold mine in Egypt and the Doropo and ABC gold projects in Ivory Coast. At Sukari, Centamin now lists 315 million tonnes measured and indicated at 1.01 grams of gold per tonne and 20 million tonnes inferred at a slightly higher grade, good for 11.3 million ounces of gold -- a drop of about 800,000 ounces.

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