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by Stockwatch Business Reporter

New York spot gold rose $6.90 to $2,338.60 on Friday. The TSX Venture Exchange gained 8.22 points to 586.55, while the TSX gold index added 1.52 points to 320.69. Agnico Eagle Mines Ltd. (AEM) was strong today. It rose 83 cents to $89.55 on 1.96 million shares following word after yesterday's close that it earned $347-million (U.S.) in its first quarter. It got as high as $92.62 in intraday trading. Capstone Copper Corp. (CS) was even stronger. It added 67 cents to $10.29 on 8.7 million shares. On the other hand. Endeavour Silver Corp. (EDR) fell one cent to $3.80 on 773,000 shares.

Kari Takahashi and John Thomas's PPX Mining Corp. (PPX) has regulatory acceptance for the 30 million shares it has just sold at 4.5 cents, raising $1.35-million in new cash. There were 24 buyers, including one insider left unnamed by the regulators. That buyer was Brian Imrie, the company's executive chairman, who now holds 7.53 million shares. That holding pales like the bones of a cadaver baking in the desert heat when compared with the 207.8-million-share holding of Mr. Takahashi. (The Peru-based Mr. Takahashi acquired nearly half his holding in early 2023 as a debt settlement, getting over 98 million shares at a deemed 2.73 cents per share.) PPX lost one-half cent to 6.5 cents on 140,000 shares today.

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