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by Stockwatch Business Reporter
New York spot gold dipped $2.90 Friday, closing at $1,769.10. The TSX Venture Exchange rose 9.7 points to 955.26, while the TSX gold index lost 2.16 points to 294.61. Big moves were uncommon among Canadian gold miners today, but Eldorado Gold Corp. (ELD) posted a $1.09 loss, closing at $12.14 on 2.72 million shares. The company said late yesterday that it had earned $10.2-million (U.S.) in its first quarter. George Burns, president and chief executive officer, said that production was "in line with the forecast plan that supports our 2021 guidance and represents a good start to the year."
Kevin Smith's Gold Mountain Mining Corp. (GMTN) leapt 22 cents to $2.63 on 817,000 shares after getting the nod to begin construction of its Elk mine, near Merritt in British Columbia. (The go-ahead approval was quite literally a "nod" -- a notice of departure document -- one that allows Gold Mountain to resurrect the old mine under the company's existing permits.)
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