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by Stockwatch Business Reporter

New York spot gold moved higher Monday, adding $6.20 to reach $4,007.30 by the afternoon pause. The TSX Venture Exchange lost 24.71 points to end the day at 933.17, while the TSX gold index added 1.31 points to 691.48. Some gold and silver miners listed in Canada stayed gained altitude today. Aya Gold & Silver Inc. (AYA) added 55 cents to $15.47 on 2.48 million shares while Serabi Gold PLC (SBI) rose 17 cents to $4.65 on 63,000 shares. First Quantum Minerals Ltd. (FM), on the other hand, lost 64 cents to $28.48 on 4.71 million shares.

Fret not, jingoist Canadian gold bugs: You are not losing a major gold miner, you are gaining a larger listing. Mitchell Krebs's United States-based and New York Stock Exchange-listed Coeur Mining Inc. (CDE) is acquiring Patrick Godin's New Gold Inc. (NGD) in a friendly stock swap. New Gold's shareholders will receive nearly one-half share -- 0.4959 for you mathematical purists -- for each of their New Gold shares. That will give them 38 per cent of the expanded Coeur, valuing the deal at $7-billion (U.S.).

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