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by Stockwatch Business Reporter

New York spot gold lost $102.60 today, taking its afternoon break at $4,402.70. The TSX Venture Exchange retreated 37.09 points to 910.55 while the TSX gold index fell 27.75 points to 816.09. Most Canadian gold miners moved lower today. Americas Gold & Silver Corp. (USA), which has been southbound as often as any Canadian snowbird lately, drooped another 74 cents to $7.35 on 2.7 million shares. The stock sold at $13.74 earlier this month.

Pierre Lepine and Jean Martineau's Dynacor Group Inc. (DNG) bucked the trend, adding 37 cents to $5.73 on 340,000 shares, but it was prodded along by word of "a transformational year" in which it produced nearly 114,000 ounces of gold equivalent, "exceeding [its] revised guidance and in line with historical levels" -- but not up to par with its initial 2025 forecast that had called for between 120,000 and 130,000 ounces of gold equivalent.

The news may be enough to keep the proverbial wolf away from the door -- in this case the wolf coming in the form of a disgruntled shareholder, iolite Capital Management Ltd., which went from being "supportive of the company's strategic focus" in mid-2024 to seeking to depose the Dynacor's crew by early 2025. The last salvo from iolite came in November, so stay tuned.

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