Mid-tier gold miners Eldorado Gold (NYSE:EGO), Yamana Gold (NYSE:AUY), Iamgold (NYSE:IAG) were never able to recover from the plunge in gold prices Monday, as gold investors took profits, and prices fell.
Even Goldcorp (NYSE:GG) wasn't able to recover to where they started the week at, although major competitors Newmont Mining (NYSE:NEM) and Barrick Gold (NYSE:ABX) ended the week up.
If it wasn't for the strong finish to the week for gold, where prices surged to $1,255.80, most the gold miners would have performed much poorer than they did.
Iamgold (NYSE:IAG) finished the session Friday at $18.57, gaining $0.84, or 4.74 percent.
Eldorado came in at $18.38 at the close of the week, a gain on the day of $0.69, or 3.90 percent.
Yamana ended Friday and the week at $18.57 a share, a gain of $0.35 on the day, or 3.37 percent.
Saturday, June 26, 2010
Eldorado Gold (NYSE:EGO), Yamana Gold (NYSE:AUY), Iamgold (NYSE:IAG) All Down on Week
Labels:
Barrick Gold,
Eldorado Gold,
Goldcorp,
IAMGOLD,
Newmont Mining
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