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by Stockwatch Business Reporter

New York spot gold fell $4.20 Thursday, closing at $2,443.10. The TSX Venture Exchange lost 9.94 points to 572.64 while the TSX gold index dropped 2.23 points to 358.53. Most Canadian gold miners moved lower today and SSR Mining Inc. (SSRM) led the retreat, dropping 87 cents to $6.79 on 1.73 million shares. The decline came on the heels of the company's second quarter report, which included a gloomy assessment of "the Copler incident" -- a promotional dodge describing "a significant slip [that] occurred at the Copler heap-leach pad" at the Turkey-based operation in February.

Andrew Chubb's Awale Resources Ltd. (ARIC) fell five cents to 57 cents on 595,000 shares. Awale fell eight cents to 62 cents on 1.94 million shares yesterday following word that it had drilled a 29-metre interval averaging 20 grams of gold and 6.7 grams of silver per tonne at its Charger prospect, on the Odienne project in Ivory Coast. This new hit was "outstanding," the company cheered, although the market deemed it less outstanding than the earlier 45.7-gram-per-tonne gold hit over 32 metres that the company was targeting as a follow-up hole.

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