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by Stockwatch Business Reporter

New York spot gold fell $115.40 Monday, taking a break at $4,876.80. The TSX Venture Exchange fell 25.24 points to 966.75 while the TSX gold index lost 27.66 points to 964.13. Canadian-listed gold miners were down today, some taking a tumble. Galiano Gold Corp. (GAU) fell 32 cents to $3.78 on 1.89 million shares and Silver X Mining Corp. (AGX) slid 11 cents to 91 cents on 5.18 million shares. They were not alone: New Found Gold Corp. (NFG), $4.89 just three weeks ago, dropped 14 cents to $3.54 on 1.52 million shares.

Rob McEwen's McEwen Inc. (MUX), which slid $2.26 to $32.80 on 245,000 shares, has a firm deal to acquire Mike England's Golden Lake Exploration Inc. (GLM) and its Jewel Ridge and Jewel Ridge West projects that sit adjacent to McEwen's Windfall and Lookout Mountain discoveries in Nevada. Golden Lake's shareholders will get 0.03876 of a McEwen share for each of theirs -- a 60-per-cent premium to the 7.5-cent price when the tentative plan was revealed late last month, based on a conversion rate of 12 cents for each Golden Lake share. Golden Lake was unchanged at 12 cents on 1.41 million shares today.

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