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by Stockwatch Business Reporter

Having flown its coop, New York spot gold continued its northward dash Wednesday, adding $43.80 to $4,410.90. The TSX Venture Exchange moved upward as well, adding 9.29 points to 975.87, while the TSX gold index ended the day up 7.89 points to 896.59. Most precious metals miners listed in Canada did well today. K92 Mining Inc. (KNT) rose 69 cents to $29.26 on 1.35 million shares, while Barrick Mining Corp. (ABX) rose $1.66 to $57.47 on 5.63 million shares. Silvercorp Metals Inc. (SVM), on the other hand, dropped 68 cents to $16.85 on 2.77 million shares.

Scott Berdahl's Snowline Gold Corp. (SGD) lost 46 cents to $16.72 on 862,000 shares on word it has sold 11.9 million shares at $14.50 apiece, stuffing $172.5-million into its coffers. The company had been seeking $150-million -- the extra cash came from the underwriters putting their greenshoe option to work. The bulk of the cash will go to the company's gold projects in east-central Yukon -- mainly the Valley deposit on the Rogue project -- although Einarson, just to the north, and Ursa, Olympus and Cynthia to the south, are likely to see work as well.

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