-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 Nasdaq, Inc.

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This article appears in: Investing , Commodities
More Headlines for: AU , BHP , GFI , NG , RIO


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