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by Stockwatch Business Reporter

New York spot gold slipped $19.50 to $3,367.30 on Wednesday. The TSX Venture Exchange lost 4.20 points to 718.64 while the TSX gold index slipped 0.66 point to 506.51. Most gold miners listed in Canada moved little today, but one that did was Mineros SA (MSA). It added 16 cents to $2.53 on 1.01 million shares. GoGold Resources Inc. (GGD), on the other hand, fell 10 cents to $2.23 on 1.82 million shares.

Benoit La Salle's Aya Gold & Silver Inc. (AYA) lost 28 cents to $13.15 on 1.06 million shares on word it raised $143.75-million from its recent $100-million placement, which it revealed and promptly upsized to $125-million a week ago. Now, with the underwriters having exercised their full greenshoe option, Aya has sold 10.77 million shares at $13.35 apiece.

Michael Durose's Lavras Gold Corp. (LGC), down 13 cents to $2.12 on 248,000 shares, has drilled a 371-metre surface-based interval grading 0.95 gram of gold per tonne in its Butia deposit, on the LDS project in southern Brazil. The hit was from one of seven new infill holes drilled in a classification upgrade program. As infill holes, it was no surprise that all seven returned gold, nor that several managed significant intervals of continuous gold mineralization -- a bit of a yawner, in other words -- or as the company put it, results "with striking similarities to previously disclosed results."

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