-Miners Staging a Recovery Following Monday's Massive Sell-Off

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Many of the mining stocks that suffered losses on Monday are staging a recovery.

Among the major miners, BHP Billiton ( BHP ) is up 3.13%, while Rio Tinto ( RIO ) is up 3.59%.

Gold-focused miners took an extra beating on Monday, but this morning, Gold Fields International ( GFI ) is up 7%, AngloGold Ashanti ( AU ) is up 6.99%, NovaGold Resources ( NG ) is up 6.44%, AuRico Gold (AUQ) is up 6.44%, Rangold Resources (GOLD) is up 5.24%, and Barrick Gold (ABX) is up 5%.

Freeport McMoran Copper & Gold (FCX), the world's largest copper producer that also produces a significant amount of gold thanks to its ownership of some major copper-gold porphyry deposits, was also slammed on Monday. This morning, however, it is recovering modestly and is up 1.6%.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


This article appears in: Investing , Commodities

Referenced Stocks: AU , BHP , GFI , NG , RIO

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