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by Stockwatch Business Reporter

New York spot gold fell $10.10 to $1,919.70 on Thursday. The TSX Venture Exchange fell 8.8 points to 568.59 while the TSX gold index lost 5.51 points to 271.74. Most Canadian gold miners moved rearward today. Some, like Franco-Nevada Corp. (FNV), which dropped $4.27 to $189.28 on 713,000 shares, were in full retreat, as was China Gold International Corp. (CGG), which lost 38 cents to $6.18 on 61,000 shares. There was one bright light: Artemis Gold Inc. (ARTG) added 31 cents to $6.07 on 288,000 shares.

Jorge Ganoza's Fortuna Silver Mines Inc. (FVI) lost eight cents to $3.87 on 625,000 shares on word it has expanded its presence in West Africa with an Australian acquisition. Fortuna has now completed its purchase of Australia's Chesser Resources Ltd. for nearly 15.55 million shares -- an exchange rate of just under 0.025 Fortuna share for each Chesser share. (The transaction leaves Chesser's shareholders with about 5 per cent of the expanded Fortuna.)

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