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by Stockwatch Business Reporter

New York spot gold slid $17.60 to $2,036.60 on Friday. The TSX Venture Exchange lost 4.18 points to 556.95 while the TSX gold fell 7.98 points to 262.06. Most Canadian gold miners lost ground today with bullion. Newmont Corp. (NGT) dropped $1.40 to $46.27 on 410,000 shares. It had traded close to $110 in the spring of 2022. Agnico Eagle Mines Ltd. (AEM) was another struggler today. It fell $2.32 to $65.44 on 2.68 million shares.

Gareth Thomas's Westhaven Gold Corp. (WHN) lost one cent to 21.5 cents on 217,000 shares. Westhaven had gained three cents on 415,000 shares yesterday following midday word that the company had received a five-year permit covering 650 surface drill sites at its Shovelnose project, south of Merritt in southwestern British Columbia. The permit also allows trenching, bulk sampling, geophysics and construction work related to exploration access.

Mr. Thomas, president and chief executive officer, applauded the receipt of the permit as a "major milestone" for Westhaven as it provides "further opportunity to test the true scale and potential of the Shovelnose project." With the main bureaucratic obstacle out of the way, Mr. Thomas was careful to prevent any new issues from arising. Shovelnose is on the traditional territory of a local first nation and so he pledged to continue engagement and growing the working relationships with the locals.

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