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by Stockwatch Business Reporter

The slide continued as New York spot gold fell another $8.10 Thursday, closing at $2,564.20. At the end of October, bullion was above $2,790 an ounce, but that was before the United States election saw Donald Trump re-elected after a four-year hiatus. The TSX Venture Exchange fell 3.21 points to 590.51, while the TSX gold index rebounded 2.74 points to 340.85. Agnico Eagle Mines Ltd. (AEM) was strong, as it added $2.81 to $109.24 on 2.13 million shares. New Found Gold Corp. (NFG) continued weak, as it found a new low of $2.56, but it ended the day up six cents to $2.65 on 684,000 shares.

Benoit La Salle's Aya Gold & Silver Inc. (AYA) took a hit, dropping $2.95 to $11.80 on 4.22 million shares following its third quarter report -- a "transition quarter," the company forewarned investors in its headline. The company mined a bit less ore in the quarter than a year ago, and it produced a lot less silver -- 356,000 ounces compared with nearly 520,000 ounces a year ago. And so, revenue was a bit lower despite much higher silver prices. Accordingly, a $3.6-million (U.S.) net income in the third quarter of 2023 became a $3.1-million (U.S.) loss in the latest quarter.

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