Shares of Barrick Gold (NYSE:ABX), Harmony Gold Mining (NYSE:HMY), Randgold (NASDAQ:GOLD), Minco Gold Corporation (AMEX:MGH) and Aurizon Mines (AMEX:AZK) all traded up on Wednesday as gold and silver prices climbed on the day.
Jaguar Mining soared on an earnings beat, closing up over 23 percent on the day.
June gold climbed $15.80 to $1,495.80 per troy ounce, a 1.1 percent gain on the Comex division of the New York Mercantile Exchange. The less traded May contract was up $15.80, or 1.1 percent, to $1,495.60 a troy ounce.
The silver contract for May delivery gained $1.61, or 4.8 percent, to $35.10 a troy ounce.
A weaker dollar was the major catalyst for gold and silver specifically, and commodities in general on Wednesday.
Benchmark West Texas Intermediate crude for June delivery was up $3.19, or 3.3 percent, to settle at $100.10 a barrel on the New York Mercantile Exchange.
Brent crude rose $2.31 in London, or 2.1 percent, to settle at $112.30 a barrel on the ICE Futures exchange.
The U.S. dollar index, which measures the dollar against a basket of six currencies, traded at 75.438, down a little from 75.441 late Tuesday. That was also a factor in gold and silver prices going up.
Harmony Gold Mining (HMY) closed Wednesday at $13.48, gaining $0.21, or 1.58 percent.
Showing posts with label Minco Gold. Show all posts
Showing posts with label Minco Gold. Show all posts
Thursday, May 19, 2011
Tuesday, May 17, 2011
Minco Gold Corporation (MGH) Falls Along with Gold Prices
Minco Gold Corporation (AMEX:MGH), along with the majority of gold miners, fell again in Wednesday trading, as gold price came under pressure in the ongoing volatile market conditions.
Gold for June delivery dropped $15.50 to settle at $1,501.40 at the Comex division of the New York Mercantile Exchange. The gold price Wednesday traded as high as $1,526.80 and as low as $1,495.40.
Gold lost 1 percent overall and silver plunged close to 8 percent on a broad commodity selloff, as the U.S. dollar index climbed over 1 percent to $75.41, as the euro was weakened by the seemingly endless sovereign debt crisis in Europe that isn't going away.
Gold and silver also garnered no support from rising inflation data. China said prices dropped to 5.3 percent in April from 5.4 percent in March, but that number was higher than the 5.2 percent looked for.
The Bank of England said that inflation could hit 5 percent in 2011.
Silver prices dropped almost $3 to close at $35.51 an ounce.
Minco Gold Corporation participates in the acquisition, exploration, and development of gold properties.
Minco Gold Corporation (MGH) closed Wednesday at $2.07, falling $0.16, or 7.17 percent.
Gold for June delivery dropped $15.50 to settle at $1,501.40 at the Comex division of the New York Mercantile Exchange. The gold price Wednesday traded as high as $1,526.80 and as low as $1,495.40.
Gold lost 1 percent overall and silver plunged close to 8 percent on a broad commodity selloff, as the U.S. dollar index climbed over 1 percent to $75.41, as the euro was weakened by the seemingly endless sovereign debt crisis in Europe that isn't going away.
Gold and silver also garnered no support from rising inflation data. China said prices dropped to 5.3 percent in April from 5.4 percent in March, but that number was higher than the 5.2 percent looked for.
The Bank of England said that inflation could hit 5 percent in 2011.
Silver prices dropped almost $3 to close at $35.51 an ounce.
Minco Gold Corporation participates in the acquisition, exploration, and development of gold properties.
Minco Gold Corporation (MGH) closed Wednesday at $2.07, falling $0.16, or 7.17 percent.
Minco Gold (MGH) Plunges Monday
Shares of Minco Gold Corporation (AMEX:MGH) plunged Monday, as gold prices were down on the trading day.
Gold for June delivery shed $3 to close at $1,490.60 at the Comex division of the New York Mercantile Exchange. The gold price Monday traded in a range of a low of $1,486 and a high of $1,504.30.
Silver prices ended the day down 88 cents to close at $34.13 an ounce.
The U.S. dollar index fell 0.43 percent to $75.38.
The euro strengthened as Monday trading went on, putting pressure on the U.S. dollar.
Minco Gold Corporation participates in the acquisition, exploration, and development of gold properties.
Minco Gold Corporation (MGH) closed at $7.75, falling $0.13, or 1.65 percent.
Gold for June delivery shed $3 to close at $1,490.60 at the Comex division of the New York Mercantile Exchange. The gold price Monday traded in a range of a low of $1,486 and a high of $1,504.30.
Silver prices ended the day down 88 cents to close at $34.13 an ounce.
The U.S. dollar index fell 0.43 percent to $75.38.
The euro strengthened as Monday trading went on, putting pressure on the U.S. dollar.
Minco Gold Corporation participates in the acquisition, exploration, and development of gold properties.
Minco Gold Corporation (MGH) closed at $7.75, falling $0.13, or 1.65 percent.
Monday, May 16, 2011
Gold Fields (GFI) (AU) (MGH) (RIC) (HMY) Trade Mixed As Gold Drops
Gold and silver prices went through a reversal Friday as gold closed down and silver rebounded to close higher, putting pressure on gold miners such as Gold Fields (NYSE:GFI), AngloGold Ashanti, (NYSE:AU), Minco Gold Corporation (AMEX:MGH), Richmont Mines, Inc. (AMEX:RIC) and Harmony Gold Mining (NYSE:HMY) - which closed mixed - and gold ETFS.
Gold for June delivery fell $13.10 to close at $1,493.60 at the Comex division of the New York Mercantile Exchange. The spot gold price was down by about $13 an ounce. Silver prices settled up 21 cents to $35.01 an ounce.
The U.S. dollar index was up 0.74 percent to $75.75 as the euro continued to get hammered on the sovereign debt crises in Europe. The euro plunged 1.7 percent last week as Greece was again in the spotlight for the need to probably be bailed out again, as it appears the country refuses to implement austerity measures to deal with the situation, as it, along with numerous countries, has made progressive, socialists promises they aren't able to keep.
Besides the long-term collapse of the U.S. dollar and the European sovereign debt crises, other factors offering support to gold include tightening in China, inflation, and unrest in the middle east.
Richmont Mines (RIC) closed Friday at $7.88, gaining $0.48, or 6.49 percent.
Gold for June delivery fell $13.10 to close at $1,493.60 at the Comex division of the New York Mercantile Exchange. The spot gold price was down by about $13 an ounce. Silver prices settled up 21 cents to $35.01 an ounce.
The U.S. dollar index was up 0.74 percent to $75.75 as the euro continued to get hammered on the sovereign debt crises in Europe. The euro plunged 1.7 percent last week as Greece was again in the spotlight for the need to probably be bailed out again, as it appears the country refuses to implement austerity measures to deal with the situation, as it, along with numerous countries, has made progressive, socialists promises they aren't able to keep.
Besides the long-term collapse of the U.S. dollar and the European sovereign debt crises, other factors offering support to gold include tightening in China, inflation, and unrest in the middle east.
Richmont Mines (RIC) closed Friday at $7.88, gaining $0.48, or 6.49 percent.
Tuesday, May 10, 2011
Miners (AUY) (GRS) (MGH) (BVN) (KGC) Trade Up as Gold, Silver Rebound
Gold miners Yamana Gold (NYSE:AUY), Gammon Gold (NYSE:GRS), Minco Gold Corporation (AMEX:MGH), Compania Mina Buenaventura, S.A (NYSE:BVN) and Kinross Gold Corp (NYSE:KGC) closed up Monday as gold prices turned around on Monday.
Gold for June delivery increased $11.86 to settle at $1,503.20 at the Comex division of the New York Mercantile Exchange after dropping 4.8 percent in a week. The gold price Monday traded in a range as high as $1,512 and as low as $1,489.
Silver prices jumped $1.82 to close at $37.11 an ounce after plunging 27 percent last week.
According to research firm Lipper, last week almost $1 billion flowed out of silver exchange traded funds (ETFs).
The U.S. dollar fell to $1.434 against the euro and dropped against the Japanese yen to 80.24 yen.
Yamana Gold (NYSE:AUY) closed Monday at $11.94, gaining $0.14, or 1.19 percent.
Gold for June delivery increased $11.86 to settle at $1,503.20 at the Comex division of the New York Mercantile Exchange after dropping 4.8 percent in a week. The gold price Monday traded in a range as high as $1,512 and as low as $1,489.
Silver prices jumped $1.82 to close at $37.11 an ounce after plunging 27 percent last week.
According to research firm Lipper, last week almost $1 billion flowed out of silver exchange traded funds (ETFs).
The U.S. dollar fell to $1.434 against the euro and dropped against the Japanese yen to 80.24 yen.
Yamana Gold (NYSE:AUY) closed Monday at $11.94, gaining $0.14, or 1.19 percent.
Monday, May 9, 2011
Top AMEX Gainers (RIC) (EXK) (HDY) (MGH) (PZG) #1-5 on May 6
The top AMEX gainers (1-5) - as measured by percentages Friday on the American Stock Exchange - include Richmont Mines, Inc. (AMEX:RIC), Endeavour Silver Corporation (AMEX:EXK), HyperDynamics Corporation (AMEX:HDY), Minco Gold Corporation (AMEX:MGH) and Paramount Gold and Silver Corporation (AMEX:PZG).
Richmont Mines, Inc. (RIC) closed Friday at $7.72, up $0.57, or 7.97 percent.
Endeavour Silver Corporation (EXK) ended the day at $9.30, up $0.68, or 7.89 percent.
HyperDynamics Corporation (HDY) closed at $3.58, gaining $0.26, or 7.83 percent.
Minco Gold Corporation (AMEX:MGH) closed at $2.16, rising $0.15, or 7.51 percent.
Paramount Gold and Silver Corporation (PZG) closed Friday at $2.83, climbing $0.16, or 5.99 percent.
Richmont Mines, Inc. (RIC) closed Friday at $7.72, up $0.57, or 7.97 percent.
Endeavour Silver Corporation (EXK) ended the day at $9.30, up $0.68, or 7.89 percent.
HyperDynamics Corporation (HDY) closed at $3.58, gaining $0.26, or 7.83 percent.
Minco Gold Corporation (AMEX:MGH) closed at $2.16, rising $0.15, or 7.51 percent.
Paramount Gold and Silver Corporation (PZG) closed Friday at $2.83, climbing $0.16, or 5.99 percent.
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