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by Stockwatch Business Reporter

New York spot gold gained $4.30 to $1,093.80 Friday. The United States Labor Department says the American economy added 215,000 jobs in July, meeting analyst projections. In Canada, the TSX Venture Exchange slipped 4.43 points to 576.60, while the TSX Gold Index edged up a fraction of a point to 120.72.

Canadian gold miners had an up day. Barrick Gold Corp. (ABX) rose 25 cents to $9.24, Agnico Eagle Mines Ltd. (AEM) gained 24 cents to $28.96, Yamana Gold Inc. (YRI) added six cents to $2.42 and Kinross Gold Corp. (K) added four cents to $2.43.

John McConnell's Victoria Gold Corp. (VIT) remained unchanged at 12 cents on 238,000 shares. The company says its Olive gold property in the Yukon is heap leachable. Olive is contiguous to Victoria's eight-million-ounce Eagle gold deposit, where a mine would cost $400-million. Victoria received its mining licence in 2013, but by then the price of gold had started to fall and the company has been unable to raise the money. Mr. McConnell sold four of the company's exploration properties for $51-million in 2011 and 2012. There are still three for sale, but no more interested buyers. Victoria is left with $10-million in working capital, which president McConnell says could last until 2018. He took a small pay cut last year, receiving $348,000, down from $462,000 in 2013. The president will be hosting property tours at Eagle all next week. He is hoping to attract a joint venturer by talking up Eagle's projected all-in cash costs of $729 an ounce.

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