After Hour Gainers / Losers
falling along with the broader market selloff. Among the top mining names: IAG -6.9% , KGC -6.2% , SLW -5.9% , NGD -5.5% , AU -4.9% , GG -4.7% , ABX -3.9% , AUY -3.9% , GFI -2.8% , BTG -2.7% , RGLD -2.6% , AGI
leveraged ETFs, NUGT +21.5% . Among major miners: BTG +14.4% , AGI +13.6% , GG +8.6% , RGLD +8.6% , SLW +8% , NGD +7.6% , IAG +7.5% , GFI +7% , AUY +6.9% , ABX +5.2% , AU +4.8% , KGC +3.5% . Other ETFs: SLV , AGQ
By Christopher F. Davis : Goldcorp (NYSE: GG ) has just been dealt a blow, learning that Chile's Supreme Court has halted the development of the El Morro gold and copper mine. The Supreme Court has cited the reason for the halt being that indigenous groups in opposition to the $3.9 billion project
appeal lodged by the local Diaguita community, who say the mine is planned on what they deem as sacred ancestral land, and that it could pollute a local river. El Morro is 70% owned by GG and 30% by New Gold ( NGD -2.6% ). 1 comment!
helping strengthen shares of precious metals miners: AU +4.4% , GFI +3% , IAG +1.9% , BTG +3% , GG +2.2% , NGD +1.5% , KGC +1.6% , AGI +1.6% , RGLD +1% , SLW +2.1% . Sterne Agee analysts Michael Dudas and Satyadeep Jain
By Hard Asset Investments : New Gold (NYSEMKT: NGD ), an intermediate gold mining company with four producing assets and three development projects in Canada, the U.S., Australia