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 rose $4.80 to $1,919.60 on Monday. The TSX Venture Exchange rose 1.49 points to 582.72 while the TSX gold index added 5.48 points to 274.56. Most Canadian gold miners tracked northward with bullion today. McEwen Mining Inc. (MUX) leapt 91 cents to $10.98 on 71,000 shares while Novagold Resources Inc. (NG) added 35 cents to $5.78 on 269,000 shares. Neither company had news today. In fact, Novagold has been silent for the past month.

Collin Kettell and Denis Laviolette's New Found Gold Corp. (NFG) rose 29 cents to $6.14 on 241,000 shares on word of a bonanza-grade strike at K2 on its Queensway project in north-central Newfoundland. The hit returned nearly 198 grams of gold per tonne over two metres, but nearly all the gold sat within a 0.4-metre vein averaging just short of 1,000 grams per tonne, leaving the other 1.6 metres of rock grading just 0.05 gram per tonne.

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