Gold crashed down to $1086.81 in early Asian trade before it bounced back to $1117.48 by a little before 4AM EST, but it then drifted back lower again in London and New York and ended with a loss of 2.71%.Silver slipped to as low as $14.57 and ended with a loss of 1.21%.
"Gold Standard Ventures Corp.'s Railroad-Pinion project is located in close proximity to various producing and development stage mines, which we believe positions Gold Standard as a strong candidate for an eventual takeover. We are assuming coverage of the company with a Buy rating and a $1.20/share price target." - Heiko Ihle, Rodman & Renshaw
Barrick’s (ABX) debt, Randgold’s (GOLD) quarterly update, Barrick’s (ABX) responsibility report, Entree Gold’s (EGI) plans to acquire a net smelter returns royalty, Royal Gold’s (RGLD) acquired gold and silver stream from New Gold (NGD), Primero’s (PPP) exploration update, Kirkland’s (KGI.TO) last trading day on the AIM, IAMGOLD’s (IAG) drill results, Silver Bear’s (SBR.TO) AGM results, Bear Creek’s (BCM.V) filed technical report, and Avino’s (ASM) sampling results were among the big stories in the gold and silver mining industry making headlines today.
No “winners” today.
AGI -18.25% $3.36
SA -15.74% $4.23
ABX -15.70% $7.41
Winners & Losers tracks NYSE and AMEX listed gold and silver mining stocks that trade over $1.
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