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by Stockwatch Business Reporter
New York spot gold rose $1.20 to $1,287.20 on Friday. The TSX Venture Exchange added 4.84 points to 601.77 and the TSX Gold Index gained 0.84 point to 179.26. Barrick Gold Corp. (ABX) was stronger today. It gained 15 cents to $16.52 on 8.16 million shares. The stock got as high as $19 in December, up from $12.50 in mid-September when the company revealed its plan to merge with Randgold Resources Ltd., but it has not done as well since the merger closed at the start of 2019.
Jim Greig and John Williamson's Benchmark Metals Inc. (BNCH), down two cents to 18 cents on 337,000 shares, has received assays of up to 10.99 grams of gold and 819 grams of silver per tonne over 3.95 metres from drilling at the Phoenix zone at its Lawyers project in the Golden Triangle district of northwestern British Columbia. The assays, from another four holes of the company's fall drilling program, produced other high-grade hits, including 6.39 grams of gold and 469.76 grams of silver per tonne over 6.95 metres. (In November, a pleased Mr. Williamson, chairman and chief executive officer, cheered the assays from the first hole of Benchmark's inaugural drill program, which returned 6.15 grams of gold and 124.37 grams of silver per tonne over 4.36 metres.)
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