Mining Shares Moving Up as Havens Shine
September 03 2019 - 12:09PM
Dow Jones News
By Stephen Nakrosis
A move toward haven investments is seeing shares of gold and
silver miners rising in Tuesday's market.
At 11:07 a.m. ET, silver futures on the Nymex were up 4.21%,
while gold futures were up 1.77%.
Shares of Endeavour Silver Corp. (EXK) were trading 16.29%
higher on the New York Stock Exchange, with volume topping more
than 3.1 million shares. The stock's 65-day average volume is some
2.5 million shares. The company's stock also was rising on the
Toronto Stock Exchange, gaining 15.95% to trade at C$4.07, on
volume of more than 1 million shares. That's above the 65-day
average volume of 491,036.
Other gainers included Alexco Resource Corp. (AXU), up 12.61% on
the NYSE American to $2.67 a share; First Majestic Silver Corp.
(AG), trading 6.25% higher on the NYSE to $11.55; and Hecla Mining
Co. (HL), which is trading 5.06% higher, at $1.87, on the NYSE.
MAG Silver Corp. (MAG) is up 6.43%, trading at $13.57, and Pan
American Silver Corp. (PAAS) is up 5.04% to $19.38.
Kinross Gold Corp. (KGC) is up 5.94% to $5.26 per share on the
NYSE, and gained 6.34% in Toronto to trade at C$7.04. Alamos Gold
Inc. (AGI) gained 3.33% on the NYSE to trade at $7.27 and 4.37% in
Toronto to trade at $9.79, and shares of New Gold Inc. (NGD) are up
3.13% on the NYSE American to $1.16 and up 4.36% in Toronto to
C$1.56.
Barrick Gold Corp. (GOLD) shares are up 0.98% on the NYSE,
trading at $19.55 per share, and have gained 1.32% in Toronto trade
to C$26.15 per share.
--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
September 03, 2019 11:54 ET (15:54 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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