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Jim Pyke
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Jim Pyke, a leading energy expert, has a strong background in strategy, finance, and risk management and has always been fascinated by financial markets. He is currently a management consultant. Previously, he was a senior executive at a renewable energy company. His prior experience also... More
  • Gold and Silver Mining Companies  0 comments
    Oct 1, 2011 6:07 PM | about stocks: SLV, GLD, RIO, ABX, GG, NEM, KGC, AU, GFI, SLW, AEM, AUY, BVN, EGO, GOLD, IAG, HMY, NGD, RGLD, ANV, PAAS, CDE
    Over the past 12 weeks, gold and silver prices have spiked and declined.  The SPDR Gold Shares (GLD) has gone from $150.25 on July 8 to $183.59 on August 22 to a current price of $158.06.  iShares Silver Trust (SLV) has followed a similar trajectory going from $35.75 on July 8 to $42.63 on August 22 to a $28.91 this past Friday.  The net effect is that GLD is up about 5% while SLV is down about 19%.  The results for gold and silver mining companies are equally varied as noted below:

    Gold and Silver Mining Companies
    Ticker Name Current Market Cap ($ millions) % Change
    ABX Barrick Gold Corporation            46,224 0.1%
    GG Goldcorp Incorporated            36,055 -11.7%
    NEM Newmont Mining Corporation (Holding Company)            30,483 13.7%
    KGC Kinross Gold Corporation            16,399 -13.0%
    AU AngloGold Ashanti Ltd.            15,900 -2.6%
    GFI Gold Fields Ltd.            11,228 4.0%
    SLW Silver Wheaton Corp            10,656 -16.4%
    AEM Agnico-Eagle Mines Limited            10,123 -4.9%
    AUY Yamana Gold, Inc.            10,088 9.2%
    BVN Compania Mina Buenaventura, S.A.              9,651 4.1%
    EGO Eldorado Gold Corp              9,340 6.3%
    GOLD Randgold Resources Limited              8,707 13.2%
    IAG Iamgold Corporation              7,468 2.7%
    HMY Harmony Gold Mining Co. Ltd.              5,012 -12.4%
    NGD NEW GOLD INC.              4,734 0.1%
    RGLD Royal Gold, Inc.              3,522 6.2%
    ANV Allied Nevada Gold Corp              3,153 -8.5%
    PAAS Pan American Silver Corp.              2,929 -14.5%
    CDE Coeur d'Alene Mines Corporation              1,954 -15.3%
    Source: Data is provide by Zacks.com services.  Classification is from EDGAR Online’s I-Metrix Professional, XBRL-enabled application.

    One can clearly see that some stocks are up and others are down.  Furthemore, there are companies that are primarily gold mining that are down with others up.  Most the companies focused primarily on silver mining are down a comparable amount.  PAAS is down 14.5% and SLW is down 16.4%. 




    Stocks: SLV, GLD, RIO, ABX, GG, NEM, KGC, AU, GFI, SLW, AEM, AUY, BVN, EGO, GOLD, IAG, HMY, NGD, RGLD, ANV, PAAS, CDE
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