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by Stockwatch Business Reporter

New York spot gold fell $2.30 Friday, closing at $2,325.90. The TSX Venture Exchange fell 0.73 point to 569.82 while the TSX gold index dropped 2.34 points to 316.85. Torex Gold Resources Inc. (TXG) had a good day, adding 45 cents to $21.20 on 286,000 shares. So did Lundin Mining Corp. (LUN), which gained 32 cents to $15.23 on 4.09 million shares. Not so fortunate was Wesdome Gold Mines Ltd. (WDO), which fell five cents to $11.02 on 479,000 shares.

Beleaguered Victoria Gold Corp. (VGCX), a $7.50 stock to start the week, ended the week down 12 cents to $1.06 on 4.3 million shares. Victoria lost ground again today on word that the Yukon government is investigating a failure in the company's heap leach pad at its Eagle mine in west-central Yukon. That would be bigger news if the government were not investigating, given the extent of the damage and possible impact on the area. (The village of Mayo, 80 kilometres to the south, is worried about its water supply, given that a significant amount of toxic material left the containment area during the rock slide.)

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