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by Stockwatch Business Reporter

New York spot gold rose $8.80 to $2,012.80 on Friday. The TSX Venture Exchange rose 4.27 points to 556.76 while the TSX gold index added 1.22 points to 251.57. Most Canadian gold miners gained more ground today. Ero Copper Corp. (ERO) led the way, jumping $1.58 to $21.95 on 657,000 shares despite a 10-day silence. Galiano Gold Inc. (GAU), on the other hand, fell to $1.10 early and recovered late, ending the day up one cent to $1.24 on 294,000 shares. The company said today that it earned $26.1-million (U.S.) in 2023 and is doing well -- just not as well as investors expected, it appears.

Scott Caldwell's Solgold PLC (SOLG) rose one-half cent to 12 cents on 145,000 shares. The company picked slow-news Friday to reveal a prefeasibility study of the Cascabel project in Ecuador. A reserve in the Apala underground area, nearly 540 million tonnes grading 0.54 gram of gold and 1.6 grams of silver per tonne plus 0.6 per cent copper supports the plan -- a low-grade, high-tonnage operation with access to 9.4 million ounces of gold, 28 million ounces of silver and 3.2 million tonnes of copper. This is but a sliver of the full resource, which lists 3.62 billion tonnes hosting just over 30 million ounces of gold, 102 million ounces of silver and 12.2 million tonnes of copper.

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