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by Stockwatch Business Reporter

New York spot gold fell $2.40 to $2,157.30 on Tuesday. The TSX Venture Exchange lost 6.04 points to 543.28 while the TSX gold index lost 5.07 points to 268.68. Most TSX gold miners moved lower today, led by K92 Mining Inc. (KNT), which slid 35 cents to $6 on 2.31 million shares. K92 had news -- word that it has suspended mining temporarily at its Kainantu operation in Papua New Guinea after an employee died in a "non-industrial suspicious incident." In other words, it is a matter for the local gendarmerie, not the tsk-tsking bureaucrats.

Even so, the latter apparently got in on the act as well. The incident, you see, occurred nine days ago and three days later, the government ordered a temporary suspension of underground operations pending completion of orders relating to a safety audit. K92 cried foul, noting the incident was not related to the mining operation, and alleging that the government breached its own act in ordering the suspension. And so, stay tuned.

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