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Tuesday, June 22, 2010

Barrick (NYSE:ABX), Newmont (NYSE:NEM), Goldcorp (NYSE:GG) Push Their Way Back as Gold Continues Up

After the expected profit-taking following the record-breaking gold week, Barrick Gold (NYSE:ABX) (TSE:ABX), Newmont Mining (NYSE:NEM) and Goldcorp (NYSE:GG) (TSE:G) followed the market down, but are starting to climb back up as gold prices continue their upward run.

Barrick and Newmont continue to outperform Goldcorp, but they have continued a more consistent upward trend since February 2010.

Newmont has been strong today, reaching $60.21 a share, a gain of $0.73, or 1.22 percent, as of 1:38 PM EDT.

Barrick Gold is next, standing at $45.25 a share, a $0.45 increase, or 1.00 percent.

Goldcorp has struggled to remain positive throughout the trading session today, although as of 1:39 PM EDT, they were still up $0.11, or 0.25 percent, hitting $44.46 a share.

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