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by Stockwatch Business Reporter

New York spot gold clung precariously to the $4,000 mark early, which it had so casually blown past last fall, but bullion rallied $141.30 to take its afternoon break at $4,210.70. The TSX Venture Exchange rose 34.40 points to 946.57 while the TSX gold index added 37.78 points to 771.66. Most precious metals miners regained some lost ground today. DPM Metals Inc. (DPM) added $3.48 to $44.14 on 2.35 million shares, while Lundin Gold Inc. (LUG) added $2.90 to $75.99 on 1.37 million shares. Still, there were stragglers: Franco-Nevada Corp. (FNV) was one, as it dipped 78 cents to $290.17 on 1.97 million shares.

Eric Sprott's New Found Gold Corp. (NFG) added eight cents to $2.14 on 3.47 million shares on an update about the company's Hammerdown mine in central Newfoundland. New Found acquired Hammerdown and its Pine Cove mill late in 2025 as the means to speed the advancement of its Queensway gold project, just west of Gander in north-central Newfoundland -- the idea being to have the mill process initial ore from Queensway. As for the Hammerdown mine, New Found Gold expects it to reach commercial production in the second half of this year.

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