Gold Stocks Soar On T.O. Market

Winnipeg Free Press (January 04, 2008)

Author: Friend, David
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Summary:

Canada's Barrick Gold Corp. (TSX:ABX), Agnico-Eagle Mines Ltd. (TSX:AEM) and Kinross Gold Corp. (TSX:K) were a few of the key companies that touched records during the trading day.

NovaGold Resources (TSX:NG) shares led the sector in growth on the Toronto market, ahead 16 per cent or $1.44, to $10.33. Its stock received extra confidence from reports that a U.S. appeal court upheld a decision by the U.S. Army Corps of Engineers granting a permit for a NovaGold subsidiary to develop a project in Alaska.

Rising prices should continue to bulk up stocks in the TSX sector, suggested Maison Placements analyst John Ing.

Extract:

Gold Stocks Soar On T.O. Market

Major producers hit new highs

By David Friend

TORONTO -- Gold stocks showed relentless strength at the Toronto Stock ...



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