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by Stockwatch Business Reporter

New York spot gold closed up 60 cents to $1,134.40 Monday, ending the month up $39. The TSX Venture Exchange added 3.49 points to 559.16, while the TSX Gold Index slipped 1.71 points to 128.44.

Gold miners in Canada had a down day. Barrick Gold Corp. (ABX) dropped 29 cents to $9.15, Goldcorp Inc. (G) lost 22 cents to $18.25, Eldorado Gold Corp. (ELD) lost 13 cents to $3.93 and Yamana Gold Inc. (YRI) slipped 12 cents to $2.47.

Mick Wilkes's Oceanagold Corp. (OGC) dropped seven cents to $2.32 on 1.91 million shares. The company has increased its 2015 production target to 410,000 ounces of gold from 335,000 ounces, thanks in part to the company's new Waihi gold mine in New Zealand. Oceanagold bought Waihi from Newmont Mining Ltd. for $101-million in April, and since then Oceanagold has been on a buying spree. It paid $16.2-million for 14.9 per cent of Jonathan Awde's Nevada gold explorer, Gold Standard Ventures Corp. (GSV: $0.422), and it offered $680-million in shares for 100 per cent of Diane Garrett's Romarco Minerals Inc. (R: $0.56). Romarco is building a $333-million gold mine at its Haile gold project in South Carolina. Production at Haile should start in late 2016, boosting Oceanagold's production targets even further and lowering all-in cash costs under $600 an ounce, down from $715 in 2014.

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