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by Stockwatch Business Reporter

New York spot gold added $34.90 Friday, closing at $2,491.20. The TSX Venture Exchange added 8.09 points to 566.41 while the TSX gold index rose 8.65 points to 365.63. Allied Gold Corp. (AAUC) was strong, adding 25 cents to $3.35 on 2.24 million shares. So was K92 Mining Inc. (KNT), which rose 46 cents to $7.84 on 1.4 million shares. Lundin Mining Corp. (LUN) lost ground today, dropping 20 cents to $12.86 on 3.63 million shares.

Collin Kettell and Denis Laviolette's New Found Gold Corp. (NFG) was one of the strong silent types today, as it added 28 cents to $3.79 on 504,000 shares. The company has gone more than a month without assays from its Queensway project, just west of Gander in north-central Newfoundland. A steady diet of bonanza-grade hits from the project propelled New Found to a high of $13.50 three years ago, but it recently dipped to just $3.21. Several hundred thousand metres of drilling have been completed and while there has been no bad news, the company still does not have a resource estimate for the project. Unfortunately, the market has a short attention span unless one feeds it a steady diet of surprises.

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