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by Stockwatch Business Reporter

New York spot gold rebounded $47.10 Thursday, closing at $2,706.10. The TSX Venture Exchange added 11.29 points to 613.40 while the TSX gold index rose 5.04 points to 372.40. Canadian listed gold miners were mixed again today. Silvercrest Metals Inc. (SIL) jumped $1.40 to $14.40 on 1.03 million shares despite being silent since mid-October. News, however, provided a downward impetus to one miner, as SSR Mining Inc. (SSRM) slid $1.23 to $7.32 on 3.29 million shares following its third quarter results.

SSR's problem continues to be what it initially described in February as a "large slip on the heap leach pad" at its Copler mine in Turkey. The company now refers to the rock slide as "the Copler Incident," or more commonly as just the "Incident" -- the capitalization presumably intended to underline the severity of the event without reminding investors of exactly what happened.

What happened was that nine workers died in a rock slide, and the Copler mine was closed indefinitely. Today, SSR said that the remediation could cost up to $300-million and take up to three years to complete. In the meantime, the company's crew is working with the government on how and when Copler might resume operation, but for now, SSR says only that it is "not able to estimate or predict when and under what conditions [it] will resume operations at Copler."

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