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by Stockwatch Business Reporter

New York spot gold rose $47.70 to $2,027.20 on Wednesday. The TSX Venture Exchange rose 4.05 points to 526.97 while the TSX gold index added 14.47 points to 282.92. Most Canadian-listed gold miners nosed their way northward today. McEwen Mining Inc. (MUX) did so with more gusto than others, adding 99 cents to $10.04 on 43,000 shares, but it had news to propel it along. The company produced nearly 30,000 equivalent ounces of gold in October and November, putting its year-to-date tally in the lower end of its full 2023 guidance. With a normal December, the company should reach -- or exceed -- the upper portion of its forecast.

Gary Cope's Barsele Minerals Corp. (BME) slid 2.5 cents to 16.5 cents on 20,000 shares on word it is acquiring Taj Singh's Gold Line Resources Ltd. (GLDL). Gold Line shareholders will get 0.7382 of a Barsele share for each of theirs. While an exchange rate computed to four significant figures conjures an image of a gaggle of financial wizards beavering away on detailed valuations, there is no indication of how the ratio came to be.

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