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by Stockwatch Business Reporter

New York spot gold fell $4.10 to $1,310.00 on Friday. The TSX Venture Exchange lost 3.38 points to 799.24 while the TSX Gold Index dropped 2.91 points to 234.35. Detour Gold Corp. (DGC) led the few Canadian gold miners moving higher, adding 23 cents to $27.84 on 2.52 million shares. Alamos Gold Inc. (AGI) led the ones in retreat, dropping 66 cents to $10.40 on 3.71 million shares.

Lombardo Paredes Arenas and Michael Davies's Gran Colombia Gold Corp. (GCM) gained one-half cent to 12.5 cents on 7.79 million shares on word it is conducting a "strategic review process that will explore alternatives to enhance shareholder value" -- better known as putting itself on the block. Mr. Davies, chief financial officer, and Mr. Paredes, chief executive officer, say that the review will be broad and will consider finding a major new shareholder, a merger candidate, a debt restructuring, an outright sale of the company -- or anything else that comes along. The time is right for a move, they say, because of current market conditions and the company's improved operational and financial performance this year.

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