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by Stockwatch Business Reporter

New York spot gold got back on its bull today, adding $5.70 to close at $2,861.10. The TSX Venture Exchange slipped 0.23 point to 639.28 while the TSX gold index fell 2.02 points to 406.07. Most gold miners listed in Canada moved higher with bullion -- especially those with a significant connection to copper. Hudbay Minerals Inc. (HBM) jumped 51 cents to $13.35 on 6.96 million shares while Lundin Mining Corp. (LUN) added 25 cents to $12.23 on 3.28 million shares. Taseko Mines Ltd. (TKO) was strong, as it added 15 cents to $3 on 1.43 million shares.

One gold miner caught the market's ire. McEwen Mining Inc. (MUX) slid $1.88 to $10.52 on 503,000 shares today on word that it arranged an $85-million (U.S.) offering of notes late yesterday -- then boosted the sale to $95-million (U.S.) early today as it set the price. The placement, to "persons reasonably believed to be qualified institutional buyers," carries a conversion price of $11.25 (U.S.) per share, a premium of 30 per cent over yesterday's close, the company cheers.

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