Miners (AEM) (IAG) (NG) (AUY) (GFI) Trade Mixed as Gold Jumps Again

Shares of gold miners Agnico-Eagle (NYSE:AEM), IAMGOLD Corporation (NYSE:IAG), NovaGold Resources Inc. (AMEX:NG), Yamana Gold (NYSE:AUY) and Gold Fields (NYSE:GFI) closed mixed as gold prices continue to rebound.

Gold for June delivery added $13.70, or 0.9%, to $1,516.90 an ounce on the Comex division of the New York Mercantile Exchange.

Silver also extended its rebound, with the July contract gaining $1.37, or 3.7%, to $38.47 an ounce.

Separately, HSBC Global Research boosted its average price estimate for gold, silver and platinum.

HSBC raised its gold price projection to $1,525 an ounce from $1,450 an ounce this year, and to $1,500 from $1,300 for 2012.

For silver, the bank sees it averaging $34 in 2011, up from a previous estimate of $26, and $29 from $20 in 2012.

Platinum is seen closing 2011 at $1,850 from $1,750, according to HSBC, and ending 2012 at $1,750 from $1,650.

For palladium, HSBC sees it averaging $825, from $750, in 2011, and $750 from $650 in 2012.

Yamana Gold (AUY) closed at $11.89, down $0.05, or 0.42 percent.