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by Stockwatch Business Reporter
New York spot gold dropped $21.80 Friday, hitting $4,065.30 by the market's close. The TSX Venture Exchange added 15.71 points to 822.03 today while the TSX gold index added 25.67 points to 888.49. Most precious metals miners were in the green today. Helping drive the northbound trek were Allied Gold Corp. (AAUC), which added $2.07 to $32.54 on 2.44 million shares, and Novagold Resources Inc. (NG), which rose 50 cents to $9.04 on 755,000 shares. Soma Gold Corp. (SOMA) was among those in retreat today, as it fell 1.5 cents to 47.5 cents on 625,000 shares.
Among the not-yet-a-mine miners having a good day was Sean Roosen's Osisko Gold Corp. (OGG), which jumped 35 cents to $3.61 on 524,000 shares today. The company is building its Cariboo mine in south-central British Columbia, where a first gold pour is expected early in 2029. When last heard from late in October, Mr. Roosen, chairman and chief executive officer, proclaimed himself "pleased with the progress," as he and his crew continued to "build construction momentum" following a final investment decision in September.
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