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IBTimes reported that the announcement of a Greek referendum on a proposed bailout sent silver mining stocks tumbling.
IBTimes reported that the announcement of a Greek referendum on a proposed bailout sent silver mining stocks tumbling.
As quoted in the market news:
In mid-morning trading, First Majestic Silver Corp. plunged 11 percent, Coeur d’Alene Mines Corp. fell 8.4 percent, Great Panther Silver Ltd. was down 10.8 percent, Mag Silver Corp. lost 9.3 percent and Silvercorp Metals Inc. dropped 10.3. Silver exchange-traded funds were also sharply lower: Global X Silver Miners fell 8.6 percent.