Gold Stocks Biggest Losers were GG, KGC, AEM : by Penny Stock Pick Alert
Penny Stock Pick Alert reports that Goldcorp, Kinross and Agnico-Eagle were Gold Stocks Biggest Losers.
(EMAILWIRE.COM, December 18, 2009 ) Dallas, TX - Goldcorp Inc. (USA) (NYSE:GG) went down 5.49% to close at $37.51 on 14.25 million shares after Quaterra Resources Inc. announced that Goldcorp Inc. has signed a letter of intent (LOI) with the Company. Under the LOI, Goldcorp has an option to acquire an interest in certain mining properties held by or acquired by the Company in central Mexico (the Interest) in return for funding generative exploration by Quaterra through a private placement of USD10 million in the Company over two years. Goldcorp has agreed to purchase 3,001,418 units of Quaterra for total consideration of USD4 million.
Kinross Gold Corporation (USA) (NYSE:KGC) declined 5.48% to $17.93 on 10.37 million shares. The stock hit an intraday high and an intraday low of $18.69 and $17.89. In the last six months the stock went up over 3%. Kinross Gold Corporation is engaged in the mining and processing of gold and as a by-product, silver ore, and the exploration for, and the acquisition of, gold bearing properties in the Americas, the Russian Federation and worldwide.
Agnico-Eagle Mines Limited (USA) (NYSE:AEM) fell 10.32% to $53.99 on 9.76 million shares. The stock hit an intraday high and an intraday low of $57.12 and $53.76. In the last three months the stock went down over 23%. Agnico-Eagle Mines Limited is a gold producer with mining operations located in northwestern Quebec and northern Finland, mine construction projects in northwestern Quebec, Nunavut and northern Mexico and exploration activities in Canada, Finland, Mexico and the United States.
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Kinross Gold Corporation (USA) (NYSE:KGC) declined 5.48% to $17.93 on 10.37 million shares. The stock hit an intraday high and an intraday low of $18.69 and $17.89. In the last six months the stock went up over 3%. Kinross Gold Corporation is engaged in the mining and processing of gold and as a by-product, silver ore, and the exploration for, and the acquisition of, gold bearing properties in the Americas, the Russian Federation and worldwide.
Agnico-Eagle Mines Limited (USA) (NYSE:AEM) fell 10.32% to $53.99 on 9.76 million shares. The stock hit an intraday high and an intraday low of $57.12 and $53.76. In the last three months the stock went down over 23%. Agnico-Eagle Mines Limited is a gold producer with mining operations located in northwestern Quebec and northern Finland, mine construction projects in northwestern Quebec, Nunavut and northern Mexico and exploration activities in Canada, Finland, Mexico and the United States.
ABOUT http://www.PennyStockPickalert.com
Penny Stock Pick Alerts provides stock alerts daily on various kinds of stocks to help investors in making the wise decision in stock investment. Thousands of our subscribers have made huge profits using our daily stock newsletter. We also track penny stocks, Gold Stocks, small cap penny stocks, mid cap penny stocks. The more information you gather from our stock news alerts about the market the better you will be able to invest into the stocks that really have the potential to grow.
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Robert Wilson
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This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
PennyStockPickAlert.com
Robert Wilson
Tel: 214 556 6798
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
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