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by Stockwatch Business Reporter

New York spot gold closed down $2.50 to $1,135.90 on Monday. The TSX Venture Exchange gained 4.35 points to 529.91 while the TSX Gold Index rose 3.52 points to 132.41. Canadian gold miners managed more gains today, led by Iamgold Corp. (IMG), which jumped 18 cents to $2.37 on 2.57 million shares. Kinross Gold Corp. (K) also did well, gaining 22 cents to $2.64 on 5.54 million shares.

Michael Winship and David Beatty's Rubicon Minerals Corp. (RMX) slumped 33 cents to 67 cents on 27.1 million shares after Ontario's Ministry of Environment and Climate Change ordered the company to suspend milling at its Phoenix mine near Red Lake in Northwestern Ontario, citing elevated levels of ammonia and the need to "discharge sufficient water from the tailings treatment facility." The company has "made progress toward treating the elevated ammonia levels" and has "made it a priority to resolve these issues in a timely manner," says Mr. Winship, a director since 2011 and the company's interim president and chief executive officer. Mr. Winship's interim titles probably caught investors off guard, but within an hour of the company revealing its Phoenix woes, it said that its president and CEO, Michael Lalonde, had "left" the company.

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