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by Stockwatch Business Reporter

Is there no end to this rally? New York spot gold rose another $18.60 to $2,145.90 on Wednesday, adding to a rally that began in mid-February at $1,990 -- and which kicked into high gear at the start of March at $2,040. The TSX Venture Exchange rose 6.73 points to 575.01 while the TSX gold index added 2.12 points to 268.88. Gold is at a record high, but the index is far short of its all-time high of 455 points in 2011, or even the 416 points it reached in 2020.

Most Canadian gold miners advanced today, helped along by Iamgold Corp. (IMG), which added 24 cents to $4.08 on 3.58 million shares and Victoria Gold Corp. (NGD), which rose eight cents to $2 on 2.43 million shares. It was not all party hats and kazoos today: McEwen Mining Inc. (MUX) fell 29 cents to $10.73 on 125,000 shares.

Richard Young's beleaguered Argonaut Gold Inc. (AR), an $11 stock in 2012 but worth just 21.5 cents late last month, rallied five cents to 30.5 cents on 13.35 million shares today. The company says that it had earned $38.3-million (U.S.) last year, but more importantly, it did not offer another round of gloom about its Magino mine in Ontario. Magino reached production late last year and Argonaut says that work is going according to schedule.

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