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 $7.50 to $1,195.80 Monday, falling as the U.S. dollar rose. Analysts expect demand for physical bullion will rise this week, as India celebrates Akshaya Tritiya, a holiday on which Hindus buy gold jewellery and begin new projects. Here in Canada, the TSX Venture Exchange rose a fraction to 703.65 and the TSX Gold Index edged up a fraction to 165.14.

Gold miners in Canada had an inconsistent day. Agnico Eagle Mines Ltd. (AEM) fell 13 cents to $36.86, Barrick Gold Corp. (ABX) fell four cents to $15.58, Yamana Gold Inc. (YRI) remained unchanged at $4.92 and Alamos Gold Inc. (AGI) gained 26 cents to $8.38.

Glenn Mullan and Ian Ball's Abitibi Royalties Inc. (RZZ) slipped four cents to $3.75 on 5,000 shares. The company is celebrating its first-ever dividend payment. It received $67,500 from its 3.5 million shares of Yamana Gold. Abitibi also owns 459,000 shares of Agnico Eagle, which, along with the Yamana stock, should bring in about $382,000 this year. Abitibi is also waiting for its first-ever royalty payments from Yamana and Agnico, which are about to begin production at the Gouldie zone on their Malartic gold mine in Quebec.

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