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by Stockwatch Business Reporter

New York spot gold fell $9.10 to $1,892.50 on Wednesday. The TSX Venture Exchange added 1.88 points to 591.36 while the TSX gold index dropped 1.88 points to 263.62. Most Canadian gold miners moved lower again today, but Franco-Nevada Corp. (FNV) bucked the trend, adding $1.52 to $187.18 on 334,000 shares. Centerra Gold Inc. (CG) helped lead the retreat as it fell 24 cents to $7.64 on 1.77 million shares. Alamos Gold Inc. (AGI) was also down, dropping 15 cents to $15.28 on 937,000 shares.

Collin Kettell and Denis Laviolette's New Found Gold Corp. (NFG) rose 11 cents to $6.15 on 108,000 shares on word it has begun stripping overburden from atop bedrock at the main Keats zone on the Queensway project in north-central Newfoundland. The plan calls for exposing bedrock across an area running about 200 metres along strike and 70 metres wide, removing between three and nine metres of material. This, the company cheers, will "expose a window into the top of Keats that will aid in validating the geological and structural models."

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