Silver Mines secures $20m investment from Lundin, Rule-led fund
The company's flagship project hosts the largest known undeveloped silver resource in Australia.
Spot gold has lost $11 since opening on Tuesday and is now trading at $1,720.12/oz.
Some profit taking, chart consolidation and a strong dollar are all pushing bullion down.
Silver is largely unchanged at $32.56/oz.
The election last week was good for gold, having started the month at $1,685/oz.
