Gold mining stocks fall sharply
In an ugly night for the markets overall, gold mining stocks are taking it on the chin.
The VanEck Gold Miners ETF has fallen more than -5%, underperforming the major market averages. The fund has now fallen more than -38% from its recent peak in early April.
Several individual mining stocks were down more than -7%, including Coeur Mining and IAMGOLD.
Gold settled down -1.22% for the day, notching a negative week for the precious metal.
—Jesse Pound, Gina Francolla
Ann: Presentation - FY22 Financial Results and FY23 Guidance, page-48
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