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by Stockwatch Business Reporter
New York spot gold jumped another $8.80 to $1,275.10 on Thursday. The TSX Venture Exchange edged higher, adding 4.37 points to 537.28 while the TSX Gold Index added 0.29 point to 186.63. Peter Marrone's Yamana Gold Inc. (YRI) traded briskly, dropping 10 cents to $3.19 on 4.66 million shares. The company said just before Christmas that Mr. Marrone, its executive chairman, had bought nearly one million shares over the past year, giving him just over 1.6 million shares. Earlier this month, Mr. Marrone was criticized by the Financial Post for his anemic shareholding in Yamana. (That may have been fortunate, for him, as six years ago, a Yamana share sold for over $20.)
Alan Carter's Cabral Gold Inc. (CBR), unchanged at 19 cents on 201,000 shares, has amended, at regulatory request, a technical report filed last summer for the Cuiu Cuiu gold project in Brazil. Mr. Carter, president and chief executive officer, says that none of the changes were material; no, they merely "clarify certain details." Among the details clarified are the removal of a supplementary resource calculation prepared with uncapped grades that was used as a comparison with an uncapped historical estimate. In fact, all comparisons with the historical estimate were removed, as were summaries and discussions of "global, unconstrained mineral resources" that the regulators thought "may not have a reasonable expectation" of being mined.
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