Miners (JAG) (NEM) (GRS) (RIC) (AU) Trade Up

Shares of Jaguar Mining (NYSE:JAG), Newmont Mining (NYSE:NEM), Gammon Gold (NYSE:GRS), Richmont Mines, Inc. (AMEX:RIC) and AngloGold Ashanti (NYSE:AU) all traded up on Wednesday as gold and silver prices climbed on the day.

Jaguar Mining soared on an earnings beat, closing up over 23 percent on the day.

June gold climbed $15.80 to $1,495.80 per troy ounce, a 1.1 percent gain on the Comex division of the New York Mercantile Exchange. The less traded May contract was up $15.80, or 1.1 percent, to $1,495.60 a troy ounce.

The silver contract for May delivery gained $1.61, or 4.8 percent, to $35.10 a troy ounce.

A weaker dollar was the major catalyst for gold and silver specifically, and commodities in general on Wednesday.

Benchmark West Texas Intermediate crude for June delivery was up $3.19, or 3.3 percent, to settle at $100.10 a barrel on the New York Mercantile Exchange.

Brent crude rose $2.31 in London, or 2.1 percent, to settle at $112.30 a barrel on the ICE Futures exchange.

The U.S. dollar index, which measures the dollar against a basket of six currencies, traded at 75.438, down a little from 75.441 late Tuesday. That was also a factor in gold and silver prices going up.

Jaguar Mining (JAG) closed at $5.31, gaining $1.00, or 23.20 percent.