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by Stockwatch Business Reporter

New York spot gold rebounded $59.60 to $3,235.70 on Thursday, at least temporarily halting a $300 slide that began in late April. The TSX Venture Exchange rose 8.80 points to 667.45 while the TSX gold index clawed back 9.51 points to 449.76. Among those northbound was Avino Silver & Gold Mines Ltd. (ASM), which added 53 cents to $3.76 on 1.88 million shares. There were other energetic gainers today, but Galiano Gold Inc. (GAU) was not among them, as it fell 23 cents to $1.77 on 1.73 million shares on word of its first quarter results. Worry not: Look for improvements quarter-on-quarter, says Matt Badylak, president and chief executive officer.

Scott Berdahl's Snowline Gold Corp. (SGD) flopped 37 cents to $7.09 on 779,000 shares on word it has nearly doubled its resource estimate for the Valley deposit, at its Rogue project in the mountains of east-central Yukon. The company now lists 204 million tonnes measured and indicated at 1.21 grams of gold per tonne and another 44.5 million tones inferred at 0.62 gram per tonne -- good for over 8.8 million ounces at a 0.3-gram-per-tonne cut-off.

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