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by Stockwatch Business Reporter

New York spot gold gained $10.60 to $1,254.60 on Friday. The TSX Venture Exchange fell 3.58 points to 760.95 while the TSX Gold Index added 0.24 point to 192.21. Most Canadian golds moved little, although Alamos Gold Inc. (AGI) added 18 cents to $8.79 on 730,000 shares and Barrick Gold Corp. (ABX) fell 26 cents to $20.29 on 3.48 million shares.

Amir Adnani and Garnet Dawson's Goldmining Inc. (GOLD), up one cent to $1.69 on 245,000 shares, has completed its acquisition of the Yellowknife and Big Sky properties in the Northwest Territories from Tyhee Gold Corp. (TYE: $0.01), now in the throes of bankruptcy. Goldmining issued four million shares, worth less than $7-million, as payment for the properties on which Tyhee had spent over $60-million. Mr. Adnani, Goldmining's chairman, was pleased with having acquired "a gold property package of this scale and calibre." He says that the company's overriding focus continues to be the consolidation of multimillion-ounce gold resource assets in favourable areas, adding that "this transaction most certainly fits that description."

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