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by Stockwatch Business Reporter

Remember Tuesday when bullion came within pennies of $3,500 (U.S.) per ounce? Well, that was then. Today New York spot gold fell another $50.20 to $3,2983.60. The TSX Venture Exchange rose 3.47 points to 653.82 while the TSX gold index ceded 8.3 points to 472.61. Most gold miners listed in Canada lost ground with bullion, so Torex Gold Resources Inc. (TXG) stood out with its 42-cent gain to $44.89 on 364,000 shares. Novagold Resources Inc. (NG), on the other hand, fell 74 cents to $6.15 on 1.56 million shares, while Endeavour Silver Corp. (EDR) lost 19 cents to $5.04 on 1.03 million shares.

Darren Hill's Calibre Mining Corp. (CXB) dropped nine cents to $3.26 on 8.07 million shares. The company is applauding word that the two main proxy advisers, International Shareholder Services (ISS) and Glass Lewis & Co., are recommending that shareholders vote for the company's merger with Greg Smith's Equinox Gold Corp. (EQX). As it turns out, both advisers had also recommended the merger 10 days ago based on terms less favourable to Calibre shareholders. (Equinox, fell 16 cents to $9.28 on 2.75 million shares today, did not tout the updated recommendation today.)

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