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by Stockwatch Business Reporter

New York spot gold fell $24.40 to $1,471.50 on Monday. The TSX Venture Exchange lost 10.90 points to 558.68 while the TSX Gold Index dropped 6.18 points to 235.61. Canadian gold miners slumped with bullion. Agnico Eagle Mines Ltd. (AEM) was weak again today, dropping $2.48 to $71 on 1.86 million shares. Osisko Gold Royalties Ltd. (OR) slid 52 cents to $12.31 on 947,000 shares. The stock set a 2019 high of $17.47 early this month, but investors appear less than happy with the company's plan to acquire Barkerville Gold Mines Ltd. (BGM). It is a stock bid, so Barkerville's stock has been losing ground as well: It fell 1.5 cents to 43 cents on 1.15 million shares today.

Rob McEwen's McEwen Mining Inc. (MUX), down 13 cents to $2.07 on 800,000 shares, has received assays of up to 83.5 grams of gold per tonne over a true width of 5.6 metres from its Stock property, a part of its Black Fox project near Timmins in Northern Ontario. The high-grade hit occurred at Stock East, as did a second hit that averaged 34.7 grams per tonne over 5.9 metres. The two intervals were intersected at vertical depths of 290 metres. A third hole, into the Stock Deep area, encountered a 7.47-metre-true-width interval that averaged 4.17 grams per tonne about 1,020 metres below surface.

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