Here’s Why Great Basin Gold Shares are Up Over 15%

Great Basin Gold (AMEX:GBG) skyrockets after the mining company reports the completion of its previously announced $150M credit facility agreement with Credit Suisse and Standard Chartered Bank. The facility’s maximum term is 5 years with an interest rate margin of 4% over the LIBOR rate.

Here’s how top gold miner stocks (NYSEARCA:GDX) are trading on the news:

AngloGold Ashanti Ltd. (NYSE:AU): AU shares recently traded at $46.62, down $0.21, or 0.45%. They have traded in a 52-week range of $38.97 to $51.69. Volume today was 938,759 shares versus a 3-month average volume of 2,004,870 shares. The company’s trailing P/E is 92.21, while trailing earnings are $0.51 per share.

Newmont Mining Corp. (NYSE:NEM): NEM shares recently traded at $67.46, up $0.31, or 0.46%. They have traded in a 52-week range of $50.05 to $72.42. Volume today was 3,425,401 shares versus a 3-month average volume of 7,015,770 shares. The company’s trailing P/E is 15.37, while trailing earnings are $4.39 per share.

Barrick Gold Corporation (NYSE:ABX): ABX shares recently traded at $50.87, down $0.33, or 0.64%. They have traded in a 52-week range of $42.50 to $55.95. Volume today was 3,509,650 shares versus a 3-month average volume of 7,693,280 shares. The company’s trailing P/E is 12.19, while trailing earnings are $4.17 per share.

Goldcorp Inc. (NYSE:GG): GG shares recently traded at $51.72, down $0.39, or 0.75%. They have traded in a 52-week range of $39.04 to $56.31. Volume today was 1,825,026 shares versus a 3-month average volume of 5,828,130 shares. The company’s trailing P/E is 26.28, while trailing earnings are $1.97 per share.

Royal Gold, Inc. (NASDAQ:RGLD): RGLD shares recently traded at $80.16, down $0.39, or 0.48%. They have traded in a 52-week range of $45.37 to $83.87. Volume today was 501,388 shares versus a 3-month average volume of 949,577 shares. The company’s trailing P/E is 54.16, while trailing earnings are $1.48 per share.

Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX): FCX shares recently traded at $40.22, down $0.32, or 0.79%. They have traded in a 52-week range of $28.85 to $61.35. Volume today was 8,838,124 shares versus a 3-month average volume of 24,172,400 shares. The company’s trailing P/E is 7.03, while trailing earnings are $5.72 per share.

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