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by Stockwatch Business Reporter

New York spot gold fell $80.70 to $4,110 on Tuesday. The TSX Venture Exchange lost 25.88 points to 922.66 while the TSX gold index lost 32.54 points to 786.65. Precious metals miners endured a rough day today, with red ink flowing like it came from the pen of a huffy schoolmarm marking a surprise quiz. Torex Gold Resources Inc. (TXG), $85 not so long ago, dropped another $2.82 to $56.67 on 862,000 shares. China Gold International Resources Corp. (CGG), $43.93 recently, fell $2.12 to $23.96 on 40,000 shares.

Frank Basa's Granada Gold Mine Inc. (GGM) was unchanged at 3.5 cents on 1.81 million shares on word of an updated resource estimate for its Granada project, in the Abitibi district of Quebec. The new calculation lists 15.98 million tonnes measured and indicated at 1.73 grams of gold per tonne, with another 20.1 million tonnes inferred at 1.34 grams per tonne, a total of 1.75 million ounces of gold. The previous calculation, completed in 2022, listed one million ounces of gold at significantly higher grades.

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