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by Stockwatch Business Reporter

New York spot gold fell $3.60 to $2,935.30 on Friday. The TSX Venture Exchange lost 9.41 points to 634.69 while the TSX gold index shed 13.23 points to 402.50. Among those golds losing ground today were Iamgold Corp. (IMG), which lost 80 cents to $8.16 on 6.74 million shares, and Newmont Corp. (NGT), which lost $3.61 to $64.53 on 636,000 shares. Both companies revealed their 2024 results after yesterday's close.

Most precious metals miners were in full retreat today, tracking southward with bullion, but there was a noteworthy exception. Lundin Gold Inc. (LUG) jumped $1.30 to $39.67 on 1.63 million shares on word that its 2024 performance was sufficient to boost its quarterly dividend to 30 U.S. cents per share, up from the 20 U.S. cents per share it paid in its two previous quarters and the 10 U.S. cents per share it paid before that.

Catalin Kilofliski's Canagold Resources Ltd. (CCM) lost three cents to 35 cents on 233,000 shares on an updated resource estimate for its New Polaris gold project in northwestern British Columbia. The new calculation, which updates a previous estimate prepared in the spring of 2023, does not add any gold, but it "quantifies the antimony metal contained within the current gold resource." (In other words, it supports Canagold's antimony promotion that Mr. Kilofliski, president and chief executive officer, launched early this year.)

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