Gold Resource Corp. Backs Off Thursday TV-Fueled Gains; Gold Price Also Weighs
Автор: FinancialNewsOnline
Загружено: 2011-01-14
Просмотров: 233
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Gold Resource Corp (GORO) is off more than 5% this morning, giving back all of yesterday's gains -- and then some -- following CEO William Reid's appearance Thursday on CNBC. Today's decline also is likely due to the 2% fall in gold prices today.
During the interview, Reid explained that the mining company makes enough money from producing copper, lead and zinc -- by-products of its gold and silver processing -- that the company's "costs for gold and silver are essentially zero." That set off a 7.5% jump for GORO, with shares jumping as high as $29.86 a share, before easing to $28.55, up $0.80 for the session.
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