Gold Stocks Down with Yamana Gold (AUY, GG, NEM, ABX, NG)

Yamana Gold Inc. (USA) (NYSE:AUY) is down 3.06% to $10.46 on 4.80 million shares. The company reported a decline in profit for the first quarter despite a 62% growth in revenues, primarily due to lower foreign exchange gains compared with the year-ago quarter, as well as unrealized losses on derivatives. Yamana Gold's net earnings for the first quarter declined to US$79.53 million or US$0.11 per share from US$85.99 million or US$0.12 per share last year. Earnings from continuing operations declined to US$72.18 million from US$82.46 million last year.

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Goldcorp Inc. (USA) (NYSE:GG) drops 1.31% to $42.14 on 2.65 million shares. The stock is up over 44% in the last one year of trading sessions. The 52-week range of the stock is $27.86-$46.24.

Newmont Mining Corporation (NYSE:NEM) lost 2.37% to $53.63.

Barrick Gold Corporation (USA) (NYSE:ABX) falls 1.52% to $42.17.

NovaGold Resources Inc. (USA) (AMEX:NG) is down 5.45% to $8.50.

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