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by Stockwatch Business Reporter

New York spot gold gained $16.90 to $1,202 Thursday. Investors are still digesting yesterday's uneventful Federal Reserve statement, while others continue to worry about a Greek default. Here in Canada, the TSX Venture Exchange rose 1.05 points to 682.62 and the TSX Gold Index rose 1.69 points to 157.92.

Most gold miners in Canada followed bullion higher. Agnico Eagle Mines Ltd. (AEM) climbed $1.13 to $39.02, Goldcorp Inc. (G) gained 37 cents to $20.73, Barrick Gold Corp. (ABX) gained 18 cents to $14.31 and Yamana Gold Inc. (YRI) remained unchanged at $4.03.

Claude Resources Inc. (CRJ) rose five cents to 68 cents on 1.41 million shares. The Saskatchewan gold miner has been having a good year, with its stock climbing from 20 cents last fall, thanks to new president Brian Skanderbeg. Mr. Skanderbeg started working for Claude as chief operating officer in 2007, but he took control of operations at the company's Seabee mine in April, 2014, when Neil McMillan, Claude's president of 18 years, decided to retire. Mr. McMillan's last year with the company was especially difficult. Claude was suffering from all-in cash costs of over $1,800 an ounce at the beginning of 2013, when the price of gold started to fall. Mr. Skanderbeg has managed to bring down all-in cash costs at Seabee to $975 an ounce, and last year he increased gold production to 63,000 ounces from 44,000 ounces. The board appointed him as president last November. His 262,000 shares have since gained $230,000 in value. For his work last year, Mr. Skanderbeg received $438,000 ($267,000 salary and $171,000 bonus). His base salary for 2015 will be $315,000.

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