Kinross Gold (NYSE:KGC), Goldcorp (NYSE:GG) (TSE:G) and Hecla Mining (NYSE:HL) all plummeted today as traders took an opportunity to take their profits as gold prices surged over the last couple of weeks.
Hecla Mining was down the most by percentage, with a decline of 5.59 percent, or 33 cents. Volume for them, like the other gold miners, was up way above the 3-month average, increasing from 11,059,600 to 17,830,378.
Next in line for falling the most by percentage was Goldcorp, dropping 4.89 percent, or $2.18. Volume for them was up in New York and Toronto, with New York volume increasing from 8,855,830 for the 3-month average, to 14,062,060 for the day. In Toronto volume increased from 2,873,010 for a 3-month average, to 4,062,060 on the day.
Right behind Goldcorp was Kinross Gold, which fell by 4.67 percent, or 85 cents. Volume for them wasn't as dramatically up as their competitors, but did rise from their 3-month average of 6,115,340, to 8,951,447.
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