Day: May 6, 2011

Bank of Mexico buys 100 tons of Gold

Mexico’s central bank purchased almost 100 metric tons of gold in February and March, another signal that emerging markets are likely to steadily raise their gold reserve holdings, industry participants say.

Gold Stocks Fell Today (AUY, NG, AEM, GG)

NEW YORK, NY – Yamana Gold Inc. (USA) (NYSE:AUY) lost 3.17% to $11.91. The stock has a 52-week range of $9.16-$13.43.

The stock has average daily volume of 4.78 million shares. At today`s closing market price, the market capitalization of the company stands at $8.84 billion.

NovaGold Resources Inc. (USA) (AMEX:NG) fell 8.83% to $10.84. The stock opened at $11.70 and was trading within the range of $10.77-$11.79.

Agnico-Eagle Mines Limited (USA) (NYSE:AEM) dropped 2.43% to $62.95. The stock has a 52-week range of $54.12-$88.20.

The stock has average daily volume of 1.21 million shares. At today`s closing market price, the market capitalization of the company stands at $10.63 billion.

Goldcorp Inc. (USA) (NYSE:GG) went down 4.06% to $48.72.

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