Before the Bell Scans of Newmont Mining, Harmony Gold Mining, Golden Star Resources, Hecla Mining, and First Majestic Silver

Mon Mar 11, 2013 8:09am EDT

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LONDON,  March 11, 2013  /PRNewswire/ --

Gold mining companies had an excellent run over the last few years as the
average realized price for gold continued to rise thanks to the decade-long
rally in the precious metal. Gold has benefited from Federal Reserve's
ultra-loose monetary policy. However, since the start of this year, gold has
come under pressure. The precious metal's 'safe-haven' appeal has taken a hit as
the global economic outlook has improved significantly. Meanwhile, improving
U.S. labor market has fueled speculation that the Fed will end its aggressive
bond buying program sooner-than-anticipated. Gold mining companies such as
Newmont Mining Corp. (NYSE: NEM), Harmony Gold Mining Co. (NYSE: HMY) and Golden
Star Resources Ltd (AMEX: GSS) will be hoping for a recovery in gold prices.
Silver prices are also expected to remain under pressure as the U.S. dollar
strengthens. Silver mining companies such as Hecla Mining Company (NYSE: HL) and
First Majestic Silver Corp. (NYSE: AG) may look to cut silver production as
prices come under pressure. On Friday, gold and silver stocks ended on a mixed
note even as the broad market rallied. StockCall has taken an interest in these
companies and you can now sign up to download the free technical research on
NEM, HMY, GSS, HL, and AG at   

Shares of Newmont Mining Corp. fell sharply in Friday's tracking session. The
stock closed 1.70% lower at  $39.25  on above average volume of 10.09 million.
Despite the pullback on Friday, the company's shares gained nearly 1.70% in the
last three trading sessions. Year-to-date, however, the stock has fallen nearly
15.50% as gold prices have come under pressure. Shares of NEM currently have
support at around  $38. Sign up today to read the free research report on NEM at

Shares of Harmony Gold Mining Co. rose sharply in Friday's trading session,
extending its gains from the previous trading sessions. The stock closed 1.62%
higher at  $6.27  on above average volume of 2.79 million. Despite the recent
gains, the company's shares have fallen more than 30% this year. The stock is
currently facing resistance at  $6.50. Technical indicators for this gold
company suggest that market sentiment has turned bullish on the stock. The
stock's MACD has just crossed above the signal line, which is a positive signal.
Register to download the free technical analysis on HMY at

Shares of Golden Star Resources Ltd. fell sharply in Friday's trading session.
The stock closed 3.85% lower at  $1.50  on above average volume of 3.87 million.
Year-to-date, the stock has fallen more than 18%.  The company's shares are
currently trading well below their 50-day and 200-day moving averages, which is
a bearish signal. The bearish trend is further confirmed by the stock's MACD
chart. Free report on GSS can be accessed by registering at

Shares of Hecla Mining Co. rallied in Friday's trading session, extending its
gains from the previous trading sessions. The stock closed 4.17% higher at 
$4.25  on above average volume of 11.85 million, taking its gains in the last
three sessions to nearly 6%. The silver company shares have rebounded after
bottoming out at  $4. Recent volume activity suggests that market sentiment has
turned bullish on the stock. Register with StockCall and download the research
on HL for free at

Shares of First Majestic Silver Corp. edged higher on Friday, closing 0.86%
higher at  $16.33  on above average volume of 1.17 million. The stock has gained
8% in the last three sessions. Read the full free research on AG by signing up
to StockCall at   

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