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by Stockwatch Business Reporter

New York spot gold gained $12.60 to $1,286.60 on Wednesday. The TSX Venture Exchange gained 0.73 point to 829.77 while the TSX Gold Index added 0.85 point to 222.03. Centerra Gold Inc. (CG), one of the few losers today, slipped six cents to $7.66 on 2.01 million shares.

Chet Idziszek's Battle Mountain Gold Inc. (BMG) jumped 15.5 cents to 57 cents on 4.42 million shares on word it has agreed to a merger with Jonathan Awde's Gold Standard Ventures Corp. (GSV). (Gold Standard dropped six cents to $2.74 on 1.04 million shares on the news.) Gold Standard is offering 0.1891 share for each Battle Mountain share, representing a premium of 62 per cent to Battle Mountain's five-day average share price. Gold Standard has a major presence in the Nevada gold hunt and Battle Mountain's main asset is the Lewis project in north-central Nevada, near the Fortitude mine currently operated by Newmont Mining Corp. (NEM: $35.08 (U.S.)).

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