Shares of precious-metals miner Yamana Gold (NYSE: AUY) rose just shy of 10% in early trading on July 27. Although that's a pretty notable gain for the start of a trading day, it was actually low relative to some peers, with a number of fellow miners experiencing more material advances. Compania de Minas Buenaventura (NYSE: BVN), for example, was up a full 10% in early trading, McEwen Mining (NYSE: MUX) was a touch over that, and AngloGold Ashanti (NYSE: AU) rose 11%. Gold Fields (NYSE: GFI), Sibanye Stillwater (NYSE: SBSW), and Galiano Gold (NYSEMKT: GAU) were all up roughly 13% at the start of the day. And, finally, Golden Star Resources (NYSEMKT: GSS) advanced nearly 15%. All of these miners had given back some of their initial gains by roughly 11:30 a.m. EDT, but were still up materially, ranging between roughly 7% and 12%.
The big news here is gold, which was up solidly in early trading. The interesting thing is that this list spans a very broad spectrum of miners, from small cap to large cap. Often, smaller miners react more dramatically to the yellow metal's price moves than larger ones. However, these are not normal times.
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