Saturday, September 28, 2013

Gold stocks rise; Hecla and Tanzanian in focus

By Tom Bemis
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SAN FRANCISCO (MarketWatch) -- Gold stocks rose in mid-day action Tuesday with shares of Hecla Mining Co. and Tanzanian Royalty Exploration Corp. in focus. The AMEX Gold Miners Index rose 2.6% to 1695.701. Gold on the New York Mercantile Exchangerose 1.71% to $1406.6 an ounce in recent trading. Among leaders, Hecla Mining Co.HL -1.25% rose 5.8% to $11.28. Shares of Gammon Gold Inc. rose 5.2% to $8.07. And Silver Wheaton Corp. SLW +1.80% rose 4.8% to $38.35. Among laggards in the index, Tanzanian Royalty Exploration Corp. rose 1.1% to $7.15. 

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