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by Stockwatch Business Reporter

New York spot gold rose $32.30 to $3,033.10 on Tuesday. The TSX Venture Exchange gained 0.65 point to 631.34 while the TSX gold index rose 3.22 points to 443.46. Most gold miners with Canadian listings moved northward again today. Dundee Corp. (DC.A) did so with gusto, adding 24 cents to $2.42 on 481,000 shares without benefit of news. Another of the strong silent types was Jaguar Mining Inc. (JAG). It rose 32 cents to $3.14 on 393,000 shares.

Not everyone had out the party hats and kazoos today. Matt Badylak's Galiano Gold Inc. (GAU) slid 22 cents to $1.80 on 704,000 shares, but it had news. The company rolled out its 2024 report late Monday, revealing what it described as a "slight miss" on its revised production guidance in what Mr. Badylak, president and chief executive officer, described as a "complex year."

Galiano Gold produced just over 115,000 ounces of gold last year, down from the 134,000 ounces it managed a year earlier. A year ago, Galiano had set its 2024 guidance at between 140,000 and 160,000 ounces, but it pared its forecast back later last year to between 120,000 and 130,000 ounces. Looking ahead, Galiano expects to mine between 130,000 and 150,000 ounces in 2025, although it already concedes that its first quarter will be "lower than management's expectations." Worry not, say Mr. Badylak and his crew, the two-week shutdown in the plant should not affect final ounce count for the year.

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