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 closed down $3.90 to $1,309.10 Friday, ending the week up $14.90. The TSX Venture Exchange rose 1.82 points to 997.47 and the TSX Gold Index edged up a fraction to 203.31.

Canadian gold miners had an inconsistent day. Barrick Gold Corp. (ABX) rose 33 cents to $20.51, Eldorado Gold Corp. (ELD) added two cents to $8.99, Yamana Gold Inc. (YRI) slipped four cents to $9.47 and Detour Gold Corp. (DGC) slipped 18 cents to $13.57.

Brian Kynoch and Murray Edwards's Imperial Metals Corp. (III) rose 64 cents to $10.36 on 754,000 shares. The results are in: the B.C. Ministry of Environment says water is safe to drink at several locations following the Mount Polley tailings spill on Monday. The media continues to call the spill a "tailings disaster," and local Indian bands are still talking up the billions of litres of toxic waste that has leaked into their water system. Government officials, however, say the water was not poisonous and is unlikely to harm fish or aquatic life. Testing continues and the water-use ban will remain in effect for a few more days. This might be the largest tailings spill in the province's history, but it is not amounting to much of an environmental disaster. Disappointed environmentalists are questioning the preliminary nature of the test results, but that was to be expected. There was one cause of concern from the water samples, but it had nothing to do with tailings. The samples contained a level of E.coli was very close to the recommended guideline of one E.coli per 100 millilitres, but E.coli is not a typical tailings contaminant so the government says it probably came from elsewhere.

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