Day: May 6, 2011

Bank of Mexico buys 100 tons of Gold

Mexico’s central bank purchased almost 100 metric tons of gold in February and March, another signal that emerging markets are likely to steadily raise their gold reserve holdings, industry participants say.

Gold Stocks Fell Today (AUY, NG, AEM, GG)

NEW YORK, NY – Yamana Gold Inc. (USA) (NYSE:AUY) lost 3.17% to $11.91. The stock has a 52-week range of $9.16-$13.43.

The stock has average daily volume of 4.78 million shares. At today`s closing market price, the market capitalization of the company stands at $8.84 billion.

NovaGold Resources Inc. (USA) (AMEX:NG) fell 8.83% to $10.84. The stock opened at $11.70 and was trading within the range of $10.77-$11.79.

Agnico-Eagle Mines Limited (USA) (NYSE:AEM) dropped 2.43% to $62.95. The stock has a 52-week range of $54.12-$88.20.

The stock has average daily volume of 1.21 million shares. At today`s closing market price, the market capitalization of the company stands at $10.63 billion.

Goldcorp Inc. (USA) (NYSE:GG) went down 4.06% to $48.72.

Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.

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Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.