Between last night and this morning pre-bell, IKN featured three PM producers that had reported their respective quarters between the bells:
- Coeur (CDE): We said their numbers sucked.
- Argonaut (AR.to): We said their numbers sucked too, though perhaps not as much as CDE’s.
- Timmeh! Gold (TGD) (TMM.to): We said their numbers weren’t exactly great, but they weren’t bad either and didn’t suck nearly as much as people had expected.
And on the back of those results here’s how those three got on today, compared to the junior miner ETF (GDXJ) as a benchmark (FWIW the seniors ETF GDX put in almost the same performance):
So it was a down day, as witnessed by a 2% drop in GDXJ. But AR.to sucked, down 4%. And CDE really sucked, down a splatworthy 7% in one day. Neither a surprise and in fact there were very few mining stocks that managed to tread water today, but among that small handful was…TIMMEH!
Video dedicated to Iwnattos.