Gold Miners Take A Beating As Stocks Plummet

gold miner indonesia caveA man mines for gold at Pidie district, Indonesia’s Aceh province November 3, 2009. The villagers can collect up to 1.5 to 2 grams of gold and earn up to 275,000 rupiah ($28) a day.

Gold futures are down a whopping 3% to $1,213 today.

Prices plunged right after today’s bullish jobs report.

And gold mining stocks are taking a huge beating.

Here’s a quick look at what gold-mining stocks are doing.

  • Goldcorp is down 5.3%
  • Barrick Gold is down 8.1%
  • Newmont Mining is down 5.7%
  • Kinross Gold is down 8.3%
  • Randgold Resources is down 5.8%

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