Why Yamana Gold Stock Jumped 10% Today
Shares of Yamana Gold (NYSE: AUY) are soaring today, up by 10% as of 2 p.m EDT. While the price of gold has been rising, too, it's a modest increase and not enough to move the broader precious metals space very much. The main reason for the miner's stock-price jump is an update on its exploration and development plans.
This morning, Yamana announced that it had achieved "significant exploration results" at its Jacobina and El Penon mines. Investors clearly liked what they heard and pushed the shares higher.
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Source Fool.com
