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 gained $1.80 to $1,237.20 on Wednesday. The TSX Venture Exchange lost 8.24 points to 836.73 while the TSX Gold Index dipped 3.31 points to 219.93. Most Canadian gold miners were down today, led by Agnico Eagle Mines Ltd. (AEM), which dropped $1.77 to $59.64 on 956,000 shares.

Ernest Mast and Damien Marantelli's Primero Mining Corp. (P) lost nine cents to 91 cents on 2.78 million shares on its updated resource and reserve estimates. The company now lists 1.34 million ounces of gold and 56.6 million ounces of silver at San Dimas and Cerro in Mexico and Black Fox in Northern Ontario. The new reserve contains 24 per cent less gold and 20 per cent less silver than a year ago. Mr. Marantelli, chief operating officer, and Mr. Mast, president and chief executive officer, say the drop is "primarily attributable" to mining depletion. Primero mined 155,000 ounces of gold and 5.3 million ounces of silver last year, so they may be using "primarily" in a Howe Street context, as nearly 270,000 ounces of gold and 8.9 million ounces of silver went poof for other reasons.

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