This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

by Stockwatch Business Reporter

New York spot gold rose $2.30 to $1,314.70 on a light day of trading Friday, as stock markets in the United States slipped. The TSX Venture Exchange added 4.76 points to 920.09 and the TSX Gold Index added 3.08 points to 180.87.

Canadian gold miners ended the day higher. Barrick Gold Corp. (ABX) gained 40 cents to $18, Goldcorp Inc. (G) rose 11 cents to $27.99 and Iamgold Corp. (IMG) rose seven cents to $5.20.

Frank Callaghan's Barkerville Gold Mines Ltd. (BGM) has asked IIROC to halt trading of its stock, which is still suspended on the TSX-V, but not on the ATSs. The stock traded on Pure Trading yesterday, dropping 75 cents to 55 cents on 306,000 shares. It also traded on the OTC Bulletin Board, where it rose five cents to 54 cents. It has been trading there while suspended in B.C. Rob Gill of IIROC Market Surveillance says Barkerville was free to resume trading in Canada as soon as the British Columbia Securities Commission lifted its cease trade order on July 15. That means it could have traded on any of the ATSs -- Pure, Chi-X, Alpha, etc. -- or on the TSX-V. The TSX-V, however, has a more-complicated reinstatement process, during which Barkerville will remain suspended. According to TSX-V Policy 2.9, "An issuer that has been subject to a cease trade order for more than 90 days, or whose listed shares have not traded for 12 months, must file a reinstatement submission, including a prospectus, information circular, comprehensive press release, filing statement or such other disclosure document as the exchange may determine appropriate in the circumstances, accompanied by all supporting documentation and the appropriate filing fees." This TSX-V suspension, explained Mr. Gill, is a business decision and not a regulatory one.

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS