On Friday, Shares of Barrick Gold Corporation (NYSE:ABX), lost -0.82% to $10.90, together with other gold-related stocks as the precious metal prices trade in the red.
GOLD PRICES fell near 3-week Dollar lows Friday as the US currency rose following the strongest reading of consumer sentiment in 11 years on the Reuters/Michigan survey.
Gold prices were in the doldrums in US trading early on Friday while investors stuck to the sidelines ahead of yet more Greek negotiations this weekend.
However, Gold prices edged higher at the end of the day.
Gold for August, the most actively traded contract, settled up $1.40, or 0.1%, at $1,173.20 a troy ounce on the Comex division of the New York Mercantile Exchange. WSJ Reports.
Barrick Gold Corporation produces and sells gold and copper. The company is also involved in exploration and mine development activities. It conducts mining, development and exploration, and other activities in various countries, counting the United States, Canada, Australia, Argentina, Chile, Peru, the Dominican Republic, Papua New Guinea, Tanzania, Zambia, and Saudi Arabia.
On other hand, Shares of Yamana Gold, Inc. (NYSE:AUY), also declined -0.82% to $3.04, during its last trading session, hitting its lowest level, because of the fall in Gold prices.
Yamana Gold Inc. engages in gold mining and related activities, counting exploration, extraction, processing, and reclamation. The company has precious metal properties and land positions in the Americas.
Finally, IAMGOLD Corp. (NYSE:IAG), ended its last trade with -2.67% loss, and closed at $2.19.
IAMGOLD Corporation, offered an update from its ongoing exploration program at its optioned Monster Lake project located 50 kilometers southwest of Chibougamau, Quebec, Canada . The company is reporting assay results from the 2015 winter diamond drilling program accomplished in April and totaling 7,782 meters from 21 diamond drill holes.
The 2015 winter drilling program was designed to evaluate priority targets identified from a target generation exercise accomplished over the entire property and take advantage of winter access conditions. Target areas evaluated comprised of: the west limb of the prominent folded unit along which new gold showings were identified in 2014; the south-west and north-east strike extensions of the 325-Megane Zone and the structural corridor referred to as the Monster Lake Shear Zone (“MLSZ”); in addition to the Zone 52 and Eratix prospect areas. A few of the holes were drilled to better delineate the 325-Megane Zone.
Concurrent with the 2015 winter drilling program, a Versatile Time Domain Electromagnetic airborne survey (“VTEM”) was also flown over the Lac a L’Eau Jaune and Winchester claim blocks. The survey has identified several strong conductors coincident with the well-known, prominent magnetic anomalies similar to that observed along the MLSZ. These targets will be evaluated in the ongoing exploration program.
IAMGOLD Corporation primarily engages in the exploration, development, and operation of gold mining properties. It also explores for silver and copper deposits. The company holds interests in four operating gold mines, in addition to exploration and development projects located in Africa, South America, and Canada.
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