Markets

Gold Producers Gain on Reversal in Bullion Prices - Iamgold, Eldorado Both Up Over 3%

Gold producers are reversing early losses and are now posting big gains after gold bullion prices began climbing Monday morning.

Eldorado Gold (ELD.TO) had the largest percentage gain, up nearly 3.6% - or 0.67 a share - to 19.71. B2Gold Corp. (BTO.TO) also was showing significant action, rising 0.02 to 1.77 with more than 1.3 mln shares already exchanging hands while Iamgold Corp was up 3% to 19.82.

At last look, gold bullion was up 7.20 an ounce to 1263.50 and was approaching a new record once again. Other producers posting gains include:

IMG.TO 2.7%

G.TO 1.4%

AEM.TO 1.4%

ABX.TO 1.6%

YRI.TO 1.2%

K.TO 1.0

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

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


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

Other Topics

Commodities