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by Stockwatch Business Reporter

New York spot gold rose $5.40 to close at $2,618 on an abbreviated Christmas Eve session, while the TSX Venture Exchange added 6.42 points to 596.26 and the TSX gold index rose 0.77 point to 341.91. Most Canadian gold miners traded minimally today. Barrick Gold Corp. (ABX), up 16 cents to $22.55 on 4.4 million shares, and B2Gold Corp. (BTO), down one cent to $3.58 on 1.76 million shares, were among the busy few.

Chris Pennimpede's Canterra Minerals Corp. (CTM) got an early Christmas present with word that it has sold 34.14 million flow-through shares at 12 cents and five million regular shares at 10 cents apiece, raising nearly $4.6-million. Yes, this is about $2,780 less than the full $4.6-million it was after late last week, but it handily topped the $3.5-million it had been seeking just two weeks ago and the $3-million it initially set out to raise three weeks ago.

Canterra, up one cent to 10.5 cents on 132,000 shares today, was vague with its plan for the cash. The hard dollars are for general working capital, while the flow-through exploration cash is for -- of course, Mr. Taxman -- exploration in Canada. Investors relying on the latest news release were left wanting for details, but as Canterra's end-of-release boilerplate makes clear, the company's projects sit near the old Buchans and Duck Pond mines in central Newfoundland. Further, the company has recently been focused on its Buchans property, which it acquired a year ago from the private Buchans Mineral Resources.

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