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by Stockwatch Business Reporter

New York spot gold fell $7.30 to $1,720.00 on Monday. The TSX-V inched higher, adding 0.32 point to 608.29 while the TSX gold index fell 11.54 points to 225.76. Most Canadian-listed gold miners moved lower today, but one, Serafino Iacono's GCM Mining Corp. (GCM), rose 33 cents to $3.73 on 1.13 million shares on word that it will merge with another: Ian Telfer's Aris Gold Corp. (ARIS). Aris jumped 22 cents to $1.87 on 243,000 shares on the news that it will acquire GCM by exchanging two of its shares for each GCM share.

Neil Woodyer, Aris's chief executive officer, cheered the merger as "building a gold mining business with scale, cash flow, a strong financial position ... and a high-quality growth pipeline." He will continue to dispense enthusiastic prose from the corner office of the expanded company, which -- no surprise -- will continue under the Aris moniker.

Also staying on as chairman is Mr. Telfer. He cheered the merger as creating a "top-in-class company with multiple tier one assets." He says the combination was a logical move once Aris had become operator of Soto Norte, the two companies' shared project, concluding that "our increased scale will also broaden our future opportunities to continue building a plus-one-million-ounce producer over the next few years."

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