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by Stockwatch Business Reporter

New York spot gold fell $19.80 to close at $2,637.40 on Friday while the TSX Venture Exchange rose 5.94 points to 623.29 and the TSX gold index dipped 1.80 points to 349.53. Canada's gold miners were mostly a lethargic lot, as many took the last day of what was essentially a two-day workweek off. B2Gold Corp. (BTO) was busier than most but it stayed close to home, ending the day unchanged at $3.71 on 3.39 million shares.

Collin Kettell's New Found Gold Corp. (NFG) had been one of just a few of Canada's gold miners or advanced explorers to suffer from tax-loss selling, slipping to a multiyear low of $2.10 in late November. A share cost just $2.26 on Christmas Eve, but New Found Gold mounted a rally from there, getting to $2.82 on Thursday, the first session of 2025. New Found Gold, which last had news in mid-December, relapsed 13 cents to $2.68 on 394,000 shares today.

Shaun Heinrichs's 1911 Gold Corp. (AUMB) lost one-half cent to 15 cents on 306,000 shares. The company is mulling a $15-million exploration plan. This is the recommended work laid out by the company's consultants, as part of a recent resource update for the True North gold project near Bissett, in southeastern Manitoba. That estimate listed 3.52 million tonnes indicated at 4.41 grams of gold per tonne and 5.49 million tonnes inferred at 3.65 grams per tonne, a total of 1.14 million ounces of gold.

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