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Last Updated : 28 November 2009 at 02:00 IST

Hecla Mining, Yamana Gold fall as gold slips

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NEW YORK (Commodity Online): The Dubai World crisis put negative implications not only on the gold prices, which fell due to profit booking at higher levels, but also left gold stocks in jitters as most stocks shed heavy losses on the US bourses.

Gold was trading at USD 1171.90 down by about 2% in the international markets. Leading gold stocks on the New York Stock Exchange (NYSE) traded in red during the day.

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Anglogold Ashant Ltd (NYSE:AU), with market capital of USD 16.64 billion fell to USD 44.52 down by 4.2% from its previous close, while Newmont Mining Corporation (NYSE:NEM) traded at USD 53.35 on NYSE down by 2.82%. The company’s market capitalization was about USD 26.1 billion.

Hecla Mining Company (NYSE:HL), Iamgold Corp (NYSE:IAG) and Yamana Gold Inc were among the top losers on the NYSE today. Hecla Mining tanked 5.09% to USD 6.34, while Iamgold Corp was trading at USD 18.76 down by 5.8% and Yamana Gold fell by 4.69% to USD 13.21 during the afternoon trading session today.