Saturday, June 26, 2010

Weekly Results for Newmont (NYSE:NEM), Goldcorp (NYSE:GG) and Barrick (NYSE:ABX)

Newmont Mining (NYSE:NEM), Goldcorp (NYSE:GG) and Barrick Gold (NYSE:ABX) performed in similar fashion throughout the somewhat lackluster week, as all of them plummeted on Monday, remained level for the next three days, and finished the week pushing upwards as gold prices exploded.

Goldcorp struggled more than Barrick and Newmont, finishing the week close to where they started it, while the other two gold mining giants enjoyed gains for the week.

Friday gold prices finished at $1,255.80, rising as high as $1,258 an ounce.

Goldcorp finished the week at $45.42, gaining $1.21, or 2.74 percent on the day.

Newmont ended the week at $61.67, gaining $2.72 on the day, or 4.61 percent.

Barrick finished the week at $46.33, gaining $1.74 on the day, a 3.90 percent increase in share price.

Barrick remains the largest gold miner with a market cap of $45.61 billion.

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