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by Stockwatch Business Reporter

New York spot gold closed down $6.30 to $1,207.70 Tuesday, falling as the U.S. dollar rose. Here in Canada the TSX Venture Exchange added a fraction to 689.57, while the TSX Gold Index lost 3.09 points to 163.75.

Canadian gold miners ended the day down. Barrick Gold Corp. (ABX) lost 28 cents to $15.46, Goldcorp Inc. (G) lost 28 cents to $23.81, Alamos Gold Inc. (AGI) fell eight cents to $7.18 and Detour Gold Corp. (DGC) lost 23 cents to $11.73.

Rob McEwen's McEwen Mining Inc. (MUX) slipped three cents to $1.34 on 159,000 shares. Early today, armed robbers attacked the company's El Gallo 1 gold mine in Sinaloa, Mexico, stealing 900 kilograms of gold-bearing concentrate. McEwen estimates that this concentrate contained 7,000 ounces of gold worth $8.45-million. The company says it has insurance, but warns that its policy will not cover the whole loss. McEwen had aimed to produce 50,000 ounces of gold at El Gallo this year. The stolen ounces represent about 14 per cent of projected production.

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