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by Stockwatch Business Reporter

New York spot gold gained $1.80 to $2,015.20 on Thursday. The TSX Venture Exchange was unchanged at 550.17 while the TSX gold index rose 2.82 points to 262.56. Most Canadian gold miners moved higher with bullion today. McEwen Mining Inc. (MUX) did so with enthusiasm, adding 15 cents to $9.13 on 51,000 shares. So did Lundin Gold Inc. (LUG), which rose 74 cents to $15.92 on 629,000 shares.

And then there was Gregory Lang's Novagold Resources Inc. (NG), which fell 44 cents yesterday in anticipation of its 2023 results, slid 24 cents more today following the news after yesterday's close, ending the day at $4.01 on 631,000 shares. Most of Novagold's news pertained to the big Donlin gold project in Alaska that the company shares with Barrick Gold Corp. (ABX), which rose one cent to $21.03 on 4.63 million shares.

The two companies are "driving the Donlin gold project toward development through unwavering commitment and persistent work," glows Mr. Lang, Novagold's president and chief executive officer -- fortunate since his shareholders have been wavering considerably since Novagold's stock hit $18 in the spring of 2020. The wavering has been the result of bureaucratic, environmental and aboriginal dithering about the mining plan over the past several years.

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