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by Stockwatch Business Reporter
New York spot gold closed up $9.30 to $1,376.10 Thursday, after China reported strong manufacturing numbers for the first half of the month. Here in Canada, the TSX Venture Exchange added 9.72 points to 935.04 and the TSX Gold Index added 3.62 points to 205.
Canada's larger gold miners followed bullion higher. Barrick Gold Corp. (ABX) gained 61 cents to $20.57, Agnico Eagle Mines Ltd. (AEM) gained 75 cents to $33.01, Eldorado Gold Corp. (ELD) rose 27 cents to $9.47 and Iamgold Corp. (IMG) added 15 cents to $6.67.
Dino Cremonese's Teuton Resources Corp. (TUO) added one cent to 13 cents on 48,000 shares. The company has begun its own drill program at its High property in Northern British Columbia. (Yesterday, it said Brigade Resources had begun a $4-million drill program at Tennyson, a property nearby.) Teuton has owned High for 27 years, but president Cremonese became interested only recently, thanks to global warming, which "has begun to melt back permanent ice and snowfields, exposing virgin ground." The property is also 150 metres from Pretium Resource Inc.'s (PVG: $9.34) Brucejack deposit, from which Pretium assayed 5.8 metres of 2,567 grams per tonne gold last week.
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