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by Stockwatch Business Reporter

New York spot gold slid $45.60 to $2,882.10 on Friday. The TSX Venture Exchange dropped 7.66 points to 640.26 and the TSX gold index lost 14.81 points to 404.26, aided by bullion's decline. The stocks of most Canadian gold miners emitted a deep crimson glow as they tracked southward with gold today, so hats off to Dundee Precious Metals Inc. (DPM), which added 21 cents to $15.98 on 1.25 million shares. The gain followed word of record earnings in 2024 -- $243-million (U.S.) from continuing operations -- which were sufficient to maintain the company's quarterly dividend at four U.S. cents per share.

Readers of today's Globe and Mail read that shares of Agnico Eagle Mines Ltd. (AEM) have been on a tear as investors are seeking protection in gold while looking to take advantage of a weak Canadian dollar. And so -- as is all too often the case -- the company's stock took a contrarian view of the puffery, sliding $7.24 to $135.79 on 2.7 million shares as Agnico Eagle led today's decline. It had plenty of company, including those still hunting for a mine: New Found Gold Corp. (NFG), which lost 18 cents to $2.45 on 986,000 shares, cannot seem to get a rally going these days.

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