Tuesday, October 26, 2010

Barrick (NYSE:ABX), Newmont (NYSE:NEM), Agnico (NYSE:AEM) Rise in Afternoon Trading

Major gold miners Barrick Gold Corporation (NYSE:ABX), Agnico-Eagle Mines Limited (NYSE:AEM), Newmont Mining Corporation (NYSE:NEM) have all rebounded into positive territory after 1:00 PM EDT. Goldcorp (NYSE:GG) also closed in on being level, but are having trouble finding supporting in positive territory.

They are moving in conjunction with spot gold prices, which were down earlier in the trading session, but almost level, but still down by about $0.20, coming in at $1,340.10.

Goldcorp is down slightly at $42.59, losing $0.05, or 0.12 percent as of 1:08 PM EDT.

Newmont was at $59.63, gaining $0.26, or 0.44 percent. Barrick Gold has moved up to $46.73, adding $0.20, or 0.43 percent. Agnico moved up to $71.94, or $0.56, gaining 0.78 percent.

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