Tuesday, November 16, 2010

Hecla Mining (NYSE:HL), Eldorado (NYSE:EGO), Barrick (NYSE:ABX) All Down, Even Though Gold, Silver Prices Up

Even though gold and silver futures rose today, Hecla Mining Company(NYSE:HL), Eldorado Gold (NYSE:EGO), Barrick Gold (NYSE:ABX) weren't able to get enough push and fell on the day.

For gold, for December delivery rose to $1,368.50 an ounce at the Comex division of the New York Mercantile Exchange, settling up by $3.

Silver for December delivery increased 58 cents an ounce, to $26.09, gaining 0.2 percent.

Hecla closed at $8.31, losing $0.10, or 1.19 percent. Eldorado Gold ended the trading session at $17.06, falling by $0.73, or 4.10 percent. Barrick was at $50.15, dropping $0.58, or 1.14 percent.

The U.S. dollar index pushed up by 0.45 percent to $78.43 in response to a weaker euro, which was falling to $1.36 against the dollar.

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