Gold and Silver Mining Stocks Clobbered as Stock Market Melts Down

Shareholders of gold and silver mining stocks have found no refuge from the meltdown of the stock market as many precious metals stocks have collapsed even more than the general stock market.

Shares of twelve of the largest gold and silver mining stocks are down from 50 to 80 percent.

In this bear market, there is no place to hide.

2008 Decline of Gold and Silver Stocks
Company and Web Site	Quote	2008 Highest Daily Close	Oct 22 Close	Percent Decline from 2008 High
Barrick Gold	ABX	$53.31	$20.17	-62.17%
Agnico-Eagle Mines	AEM	$80.05	$25.85	-67.71%
AngloGold Ashanti	AU	$50.19	$14.94	-70.23%
Goldcorp	GG	$50.96	$16.75	-67.13%
Gold Fields	GFI	$17.18	$4.95	-71.19%
Harmony Gold Mining	HMY	$14.43	$6.20	-57.03%
Hecla Mining	HL	$13.03	$2.60	-80.05%
Kinross Gold	KGC	$20.06	$9.08	-54.74%
Newmont Mining	NEM	$55.86	$24.75	-55.69%
Pan American Silver	PAAS	$42.53	$10.88	-74.52%
Silver Wheaton	SLW	$19.38	$3.77	-80.55%
Yamana Gold	AUY	$19.29	$3.97	-79.42%
Note: Price data from finance.yahoo.com as of the October 22, 2008 close.

Related Articles:

About Gold and Silver
Gold and Silver Exchange-Traded Funds
Portfolio of Gold and Silver Stocks
Tracking Gold and Silver Prices

Posted October 23, 2008.

Gold and Silver Mining Stocks Clobbered as Stock Market Melts Down

Gold and Silver Mining Stocks Clobbered as Stock Market Melts Down