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by Stockwatch Business Reporter
New York spot gold rose $9.50 to $1,322.00 on Thursday. The TSX Venture Exchange dropped 9.56 points to 880.38 while the TSX Gold Index added 0.84 point to 198.69. Torex Gold Resources Inc. (TXG), nearly $34 a year ago, continued to struggle. It bucked bullion's trend today, dropping 33 cents to $10.33 on 1.52 million shares. McEwen Mining Inc. (MUX) joined the retreat, falling five cents to $2.87 on 634,000 shares. Pure Gold Mines Ltd. (PG) led the advance. It gained seven cents to $3.66 on 722,000 shares.
Ellen Clements's New Nadina Explorations Ltd. (NNA) dropped four cents to 42 cents on 625,000 shares. The stock has settled down after its crash Tuesday, when it fell $2.82 to 48 cents on nearly seven million shares. The nosedive followed word that its pretty pictures of drill core and its visual assessments of the rock were not supported by the subsequent assays from two of the three holes that the company drilled last fall into the Silver Queen project, near Houston in central British Columbia.
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