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29 Jan

Yamana Gold (TSE: YRI), Iamgold Corp (NYSE: IAG) and Eldorado Gold Corp (TSX: ELD) all lost more than 6% which pushed the stocks into negative territory for the year.

They claim to have 37.5 million of copper ore resources.

563,000 tonnes of copper was their production in 2015, next year brought the a record loss because of the decrease of the copper price.

Their production of copper rose from 1.47 million tonnes to 1.547 million tones. Mainly thanks to their asset in the Grasberg mineral district in Indonesia which has one of the largest copper deposits in the world.

In 2016 their consolidated sales amounted to 4.65 billion pounds of copper. In 2015, Glencore produced 1.061 million tonnes of copper.

Last year, the company produced 1.5m ounces and was in the top 10 of gold producers.Randgold Resources (LON: RSS, NASDAQ: GOLD) declined below 3% on the day.Its market worth comes to .1 billion on the NYSE.Sibanye Gold (NYSE: SBGL) fell by 4.6% in New York, but it is still trading 9.2%.This (owned by state) company from Chile is the biggest copper producer in the world.