Taking a look at the 100 worst performances of miners (excluding microcaps) on the NSYE, LSE, TSX and ASX on Monday confirms the view.
The top ten of the losers on Monday were a broad slice of the mining sector.
Glencore – a diversified miner – was down 13%, putting in the worst performance among the largest miners. Gabriel Resources – a gold developer sitting on the controversial Rosia Montana project in Romania – was down 15%.
First Quantum Minerals, the copper miner, had a 13% loss. A slew of gold and silver miners were among the worst losers: McEwen Mining (down 14%), GoGold (14%), Kinross Gold (13%), Centerra Gold down (12%) and Coeur d’Alene Mines (11%).
And this “100 worst” list was not top heavy. The median loser on it – just to give a sense of the distribution here – was down 7.8%. The average was down 8%. The range was -4.3% to -16.4% encompassing all the big names like BHP, Rio, Cameco, Barrick, Goldcorp. So yes, it was a very bad day.
Company Ticker Change (Aug. 24)
1 Aureus Mining Inc AUE.TO -16.4%
2 Gabriel Resources, Ltd. GBU.TO -14.6%
3 Mcewen Mining Inc MUX.TO -13.9%
4 Gogold Resources Inc. GGD.TO -13.6%
5 Glencore Xstrata Plc GLEN.L -13.0%
6 First Quantum Minerals Ltd. FQM.L -12.7%
7 Kinross Gold Corporation KGC -12.6%
8 Centerra Gold Inc. CG.TO -11.9%
9 Peabody Energy Corp. BTU -11.8%
10 Coeur d`Alene Mines Corp. CDE -10.8%
11 ST Barbara Ltd. SBM.AX -10.8%
12 Yanzhou Coal Mining Co. Ltd. YZC -10.6%
13 IAMGOLD Corp. IMG.TO -10.5%
14 Yamana Gold, Inc. YRI.TO -10.3%
15 Denison Mines Corp. DNN -10.2%
16 Dominion Diamond Corporation DDC -10.1%
17 Gold Fields Ltd. GFI -10.1%
18 Endeavour Silver Corp. EDR.TO -10.0%
19 Anglo American plc AAL.L -9.9%
20 Compania de Minas Buenaventura SA BVN -9.8%
21 Endeavour Mining Corporation EDV.TO -9.7%
22 Sibanye Gold Limited American D SBGL -9.6%
23 New Gold, Inc. NGD -9.5%
24 Freeport-McMoRan Copper & Gold Inc. FCX -9.4%
25 Fortuna Silver Mines Inc. FVI.TO -9.3%
26 Hecla Mining Co. HL -9.3%
27 Whitehaven Coal Limited WHC.AX -9.3%
28 BHP Billiton plc BLT.L -9.2%
29 Nexgen Energy Ltd NXE.V -9.2%
30 Torex Gold Resources Inc TXG.TO -9.2%
31 Barrick Gold Corporation ABX.TO -9.0%
32 Harmony Gold Mining Co. Ltd. HMY -9.0%
33 Lundin Mining Corporation LUN.TO -9.0%
34 Timmins Gold Corp TMM.TO -9.0%
35 Kazakhmys PLC KAZ.L -8.9%
36 Tahoe Resources Inc. THO.TO -8.8%
37 Goldcorp Inc. GG -8.7%
38 Capstone Mining Corp. CS.TO -8.6%
39 Syrah Resources Limited SYR.AX -8.5%
40 TNG Limited TNG.AX -8.5%
41 Metals X Limited MLX.AX -8.3%
42 Pan American Silver Corp. PAA.TO -8.1%
43 Silver Wheaton Corp. SLW.TO -8.1%
44 China Gold International Resources Corp Ltd CGG.TO -8.0%
45 Eldorado Gold Corp. ELD.TO -8.0%
46 HudBay Minerals, Inc. HBM.TO -8.0%
47 Nautilus Minerals Inc. NUS.TO -7.9%
48 Paladin Energy Ltd PDN.AX -7.9%
49 Perseus Mining Limited PRU.AX -7.9%
50 Primero Mining Corp. PPP -7.9%
51 Alamos Gold Inc. AGI.TO -7.7%
52 B2Gold Corp. BTO.TO -7.7%
53 First Majestic Silver Corp. FR.TO -7.7%
54 Independence Group NL IGO.AX -7.6%
55 Teck Resources Limited TCK-B.TO -7.5%
56 NovaGold Resources Inc. NG.TO -7.4%
57 PH&N US Multi-Style All-Cap Equity Sr C P.TO -7.4%
58 Sirius Resources NL SIR.AX -7.4%
59 Royal Gold, Inc. RGL.TO -7.3%
60 Energy Fuels Inc. EFR.TO -7.2%
61 Ivanhoe Mines Ltd IVN.TO -7.1%
62 Asanko Gold Inc. AKG.TO -7.0%
63 OceanaGold Corporation OGC.TO -7.0%
64 Resolute Mining Limited RSG.AX -7.0%
65 Newmont Mining Corp. NEM -6.9%
66 Rio Tinto PLC RIO.L -6.9%
67 Romarco Minerals Inc. R.TO -6.9%
68 CONSOL Energy Inc. CNX -6.8%
69 Imperial Metals Corp. III.TO -6.8%
70 Suncoke Energy Partners L.P. SXCP -6.8%
71 Western Areas NL WSA.AX -6.8%
72 Gem Diamonds Limited GEMD.L -6.3%
73 SEMAFO Inc. SMF.TO -6.2%
74 Silver Standard Resources Inc. SSO.TO -6.2%
75 Hochschild Mining PLC HOC.L -6.1%
76 Mineral Resources Ltd MIN.AX -6.0%
77 OZ Minerals Limited OZL.AX -6.0%
78 Katanga Mining Ltd. KAT.TO -5.9%
79 Petropavlovsk PLC POG.L -5.9%
80 Asanko Gold Inc AKG -5.8%
81 Dundee Precious Metals Inc. DPM.TO -5.7%
82 Aquarius Platinum Limited AQP.AX -5.6%
83 Natural Resource Partners LP NRP -5.6%
84 Richmont Mines Inc. RIC.TO -5.6%
85 Fresnillo PLC FRES.L -5.5%
86 Altius Minerals Corp. ALS.TO -5.4%
87 Cameco Corp. CCO.TO -5.4%
88 Seabridge Gold, Inc. SEA.TO -5.4%
89 Antofagasta PLC ANTO.L -5.3%
90 Gold Road Resources Limited GOR.AX -5.3%
91 Franco-Nevada Corporation FNV.TO -5.2%
92 Iluka Resources Ltd. ILU.AX -5.2%
93 Lake Shore Gold Corp. LSG.TO -5.2%
94 New Hope Corporation Limited NHC.AX -5.2%
95 Rubicon Minerals Corporation RMX.TO -5.1%
96 Agnico-Eagle Mines Ltd. AEM.TO -5.0%
97 Pretium Resources Inc. PVG.TO -4.6%
98 Centamin PLC CEE.TO -4.6%
99 Alacer Gold Corp ASR.TO -4.3%
100 Turquoise Hill Resources Ltd. TRQ.TO -4.3%
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