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Saturday, February 2, 2013

Gold Industry Frontrunners

NEW YORK, JANUARY 30, 2013 — (Net PR News) – Kinross Gold Corporation (USA) (NYSE:KGC) traded with volume of 14.65 million shares and its average trading volume remained 7.26 million shares. The 5 days graph represented the negative trend of -11.23% and one month performance of KGC was also negative -10.19%. Kinross Gold Corporation (USA) (NYSE:KGC) has intended to unveil its financial statements, as well as operating results for the Q4 and full year 2012, on February 13, 2013, after the New York market close. Newmont Mining Corp (NYSE:NEM) closed at $43.39 by scoring +1.33%, while the market capitalization of NEM was 21.54 billion. NEM traded with volume of 7.14 million shares, which was higher than the average trading volume of 5.88 million shares. The 3 months and 6 month performances showed it as a loser of -18.61% and -2.55%, respectively. Newmont Mining Corp (NYSE:NEM) has reported its preface attributable gold plus copper production and costs appropriate to sales within NEM’s 2012 outlook. The company has reported Q4 Preliminary Operating results, including attributable gold and copper production, of 5.0 million ounces and 143 million pounds for 2012 and 1.3 million ounces and 35 million pounds for the fourth quarter. Goldcorp Inc. (USA) (NYSE:GG) traded with volume of 4.99 million shares, while the average trading volume remained 5.45 million shares. GG showed an upward trend on January 29, 2013 and advanced +2.27% and finally closed the trading session at $36.08. GG plunged -5.82% in its weekly performance and slipped -11.83% in its quarterly performance. GG moved negatively in its 20 days moving average -1.27% and also dropped in its 50 days moving average -3.67%. Eldorado Gold Corp (USA) (NYSE:EGO) was a volume gainer of the Gold Industry by gaining volume of 4.27 million shares, compared to average trading capacity of 2.81 million shares. EGO closed the preceding session at $11.49, by showing a downward movement of -0.42%. Eldorado Gold Corp (USA) (NYSE:EGO) will divulge its year end 2012 financial results prior to the opening of the market on February 22, 2013. EGO’s CEO, Paul N. Wright, has planned to host a conference call on February 22, at 8:30 AM PT.

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