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by Stockwatch Business Reporter

New York spot gold lost $3.60 to $1,977.50 on Monday. The TSX Venture Exchange rose 1.96 points to 532.46 while the TSX gold index added 0.60 point to 268.19. Most Canadian gold miners moved little today, but a few were energetic. SSR Mining Inc. (SSRM) lost 58 cents to $15.38 on 721,000 shares despite a three-week silence, while Argonaut Gold Inc. (AR) fell 1.5 cents to 38 cents on 13.41 million shares.

First Quantum Minerals Ltd. (FM) lost 54 cents to $14.77 on 5.9 million shares. The company will be suspending all production at its Cobre Panama mine later this week once supplies for its power plant are exhausted. The company's port is being blockaded by small boats, preventing deliveries, and supplies on hand should be exhausted in a few days. Meanwhile, the uncertainty surrounding the future of the mine continues, and this is also weighing on the shares of Franco-Nevada Corp. (FNV), which holds a royalty. Franco-Nevada fell $3.44 to $161.72 on 606,000 shares today.

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