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by Stockwatch Business Reporter

New York spot gold dipped $24.20 to $4,170.10 on Thursday. The TSX Venture Exchange slid 29.38 points to close at 889.54 while the TSX gold index slumped 18.46 points to 748.09 after Wednesday's big gain. Some gold miners were strong: China Gold International Resources Corp. (CGG) rose $1.08 to $26.01 on 85,000 shares today, but most moved lower, led in part by K92 Mining Inc. (KNT), which lost 90 cents to $19.22 on 1.15 million shares.

Stuart McDonald's Taseko Mines Ltd. (TKO) went down for the count, dropping 80 cents to $5.93 on 3.7 million shares, but it had news -- an "improved third quarter financial and operational report" deemed not quite improved enough given its net loss of $28-million (U.S.). Mr. McDonald, president and chief executive officer, offered plenty of soothing words about the company's progress, noting that a big equity financing was used in part to pay off the company's "corporate revolver." (That is a credit product from National Bank, not something from Smith & Wesson.)

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