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by Stockwatch Business Reporter

New York spot gold rose $33.10 to close at $2,692.80 on Tuesday, while the TSX Venture Exchange fell 2.08 points to 612.67 and the TSX gold index rose 0.59 point to 363.58. Most gold miners listed in Canada stayed close to their Monday closes, but some took longer journeys. Mineros S.A. (MSA) leapt 14 cents to $1.75 on 388,000 shares while Lundin Gold Inc. (LUG) fell $1.71 to $33.75 on 2.15 million shares.

Torex Gold Resources Inc. (TXG) continues to experience market turbulence. On Friday, it slid $3.76 to $28.15 on 1.43 million shares on word that three miners at its El Limon-Guajes mine in Mexico died in a carbon monoxide exposure underground. Underground work was suspended pending an investigation, but investors were more optimistic on Monday, as the stock recovered $1.72 to end the day at $29.87 on 809,000 shares.

Pessimism returned today, as the Mexican government told Torex to suspend all operations within the Morelos property to support an inspection triggered by the fatalities. And so, with all operational and project activities now on hold, Torex fell $1.46 to $28.41 on 622,000 shares today. Not only is the underground mine on hold, so is the open-pit mine at El Limon-Guajes, as is the push to place the Media Luna deposit into production and any exploration work to expand the available resources.

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