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 leapt $104.10 Monday, stopping for air at $4,441.80. The TSX Venture Exchange added 7.56 points to 985.54 while the TSX gold index added 24.04 points to 860.63. With bullion back at a record high, how could Canadian gold miners resist the rising tide. (One should ask shareholders of Meridian Mining PLC (MNO), as it lost three cents to $1.64 on 2.11 million shares without news today.) For the most part, it was a sea of green: New Found Gold Corp. (NFG) jumped 41 cents to $4.35 on 4.40 million shares and GoGold Resources Inc. (GGD) rose 17 cents to $2.96 on 6.21 million shares.

Ken Armstrong's Westhaven Gold Corp. (WHN) jumped 8.5 cents to 25 cents on 10.32 million shares on word that it and Jonathan Goodman's Dundee Corp. (DC.A) have agreed to an earn-in deal covering Westhaven's gold projects in Southern British Columbia. Dundee, which added 15 cents to $4.12 on 126,000 shares today, can earn a 60-per-cent interest in the Shovelnose, Prospect Valley, Skoonka and Skoonka North projects by financing $85-million of exploration. Dundee has also agreed to buy 12 million shares of Westhaven at 25 cents apiece, adding $3-million to its treasury.

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