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Saturday, June 26, 2010

Yamana Gold (NYSE:AUY) Can't Overcome Slow Start for Week

Mid-size gold miners like Yamana Gold (NYSE:AUY) weren't able to keep up with their larger counterparts this week, especially Newmont Mining (NYSE:NEM) and Barrick Gold (NYSE:ABX), who in spite of a slow week, were able to end in a flourish, finishing in positive territory in New York.

Even with their strong performance on Friday, Yamana wasn't able to overcome the Monday sell-off in gold as investors took profits, and finished the week in negative territory.

They ended Friday and the week at $18.57 a share, a gain of $0.35 on the day, or 3.37 percent. They closed on Thursday at $17.73.

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