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by Stockwatch Business Reporter

New York spot gold fell $35.70 Friday, ending the week at $4,506.40. The TSX Venture Exchange lost 4.50 points to 973.47 while the TSX gold index fell 7.01 points to 840.26. Most precious metals miners moved lower today, with Silvercorp Metals Inc. (SVM) falling 54 cents to $16.30 on 1.58 million shares and Orvana Minerals Corp. (ORV) dropping six cents to $2.05 on 206,000 shares. A few hardy miners trundled northward into the wind today, with China Gold International Resources Corp. (CGG) adding 62 cents to $27.85 on 60,000 shares.

Stephen Stewart's Stardust Metal Corp. (ZIGY) jumped 23 cents to 83 cents on 712,000 shares on word that it is offering nearly 2.6 million flow-through shares and 3.72 million regular shares, both at 47 cents apiece, and 4.26 million premium flow-through shares at 64.86 cents each. The company is seeking a total of $5.26-million to advance its exploration programs, mainly on the McGarry and Omega projects in Northeastern Ontario, where the company touts Agnico Eagle Mines Ltd. (AEM: $242.94) and the private Gold Candle Ltd. as neighbours.

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