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by Stockwatch Business Reporter

New York spot gold resumed its drive Friday, adding $45.10 to $3,589.70. The TSX Venture Exchange rose 13.03 points to 857.25, while the TSX gold index tacked on another 16.96 points to 643.76. Most Canadian gold miners dutifully rode along in the dust swirled upward by bullion's coattails. Wheaton Precious Metals Corp. (WPM) added $2.39 to $144.44 on 1.1 million shares and Orosur Mining Inc. (OMI) continued its bull run, rising 6.5 cents to 41 cents on 2.96 million shares, giving those who bought shares two months ago an easy triple. Not everyone had out their party hats and horns today: Starcore International Mines Ltd. (SAM) lost 4.5 cents to 27.5 cents on 416,000 shares in silence.

As usual, news was sparse on a late summer Friday, but what there was, was huge: Eric Sprott's New Found Gold Corp. (NFG) is acquiring Garett Macdonald's Maritime Resources Corp. (MAE) in a friendly stock swap. New Found Gold is offering 0.75 of a share for each Maritime share, an arrangement that the two companies tout as offering a premium of between 32 per cent and 56 per cent, depending on how you calculate it.

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