Gold mining stocks have been pummeled this year as the industry, which is still trying to de-leverage, has been caught off-guard by a sliding gold price.
Gold: Sinking
The price of gold plunged by as much as 4% to five-year lows on Monday after a sudden bout of selling across Shanghai and New York markets in the early hours of trading triggered a mini flash crash. The price of the yellow metal has remained under pressure for the past 24 hours and is currently trading at $1,106 per ounce, only $30 away from a new five-year low.
And as the gold price plunges,...
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