EdgeWater 10/22/2010 12:01:19 AM
News / Stocks

Yellow Metal Stocks Open Lower (KGC, GFI, GG, ANV)

Yellow Metal Stocks Open Lower

Gold futures gave up gains earlier in the session Thursday, after reaching $1,349.60 an ounce, as the dollar pared some losses against a basket of major currencies.

Kinross Gold Corporation (USA) (NYSE:KGC) slid 0.61% to $18.03. Kinross Gold Corporation is engaged in gold mining and related activities, including exploration and acquisition of gold-bearing properties, the extraction and processing of gold-containing ore, and reclamation of gold mining properties. Kinross’ gold production and exploration activities are carried out principally in the United States, Brazil, Chile, Ecuador and the Russian Federation.

Over the past 52-week, the stock had traded within the range of $14.84-$22.90 and is down more than 1% year-to-date.

Gold Fields Limited (ADR) (NYSE:GFI) fell 0.45% to $15.34. Gold Fields Limited is a producer of gold and holder of gold reserves in South Africa, Ghana, Australia and Peru.

Over the past 52-week, the stock had traded within the range of $10.88-$16.26. At current market price, the market capitalization of the company is $10.83 billion.

Goldcorp Inc. (USA) (NYSE:GG) went down 0.45% to $42.25. The company announced the completion of the sale of its investment in Terrane Metals Corp. (Terrane) to Thompson Creek Metals Inc. (Thompson Creek).

Over the past one month of trading sessions, the stock went down more than 4%.

Allied Nevada Gold Corp. (AMEX:ANV) declined 3.44% to $23.31. Allied Nevada Gold Corp. is a gold producer, which operates the Hycroft Mine and has a large number of exploration claims in the State of Nevada.

Over the past 52-week, the stock had traded within the range of $9.19-$28.19 and is up more than 55% year-to-date.

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