Gold Miners Struggle as Gold Prices Struggle to Maintain Upwards Momentum

NEW YORK, NY -- (Marketwire) -- 02/25/13 -- Gold stocks have struggled in 2013 as growing optimism for the global economy has lessened gold's appeal as a safe haven. Both the Market Vectors Gold Miners ETF (GDX) and the Market Vectors Junior Gold Miners ETF (GDXJ) have fallen nearly 20 percent year-to-date. Research Driven Investing examines investing opportunities in the Gold Industry and provides equity research on IAMGOLD Corporation (NYSE: IAG) (TSX: IMG) and Yamana Gold Inc. (NYSE: AUY) (TSX: YRI).

Access to the full company reports can be found at:

www.RDInvesting.com/IAG

www.RDInvesting.com/AUY

Since reaching $1,750 an ounce in December gold prices have fallen as low as $1,572.40a troy ounce, a seven-month low. Investors have been worries that minutes released from the latest Federal Open Market Committee would signal an end to the third round of stimulus measures. Gold prices have declined for three consecutive weeks and are down approximately 6 percent in 2013.

"One of the things that drove a lot of people into gold is fear of the European Union breaking up and the euro disintegrating. None of that happened," said Frank Lesh, broker and futures analyst with FuturePath Trading. "Some of the reasons you'd buy and hold gold are just not there anymore," Lesh said.

Research Driven Investing releases regular market updates on the Gold Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.RDInvesting.com and get exclusive access to our numerous stock reports and industry newsletters.

IAMGOLD is a leading mid-tier gold mining company producing almost one million ounces annually from 5 mines on 3 continents. IAMGOLD operates in West Africa, the Guiana Shield of South America and Québec and has a pipeline of development and exploration projects. The company reported net earnings in the fourth quarter of 2012 were $84.6 million, a year-over-year decrease of 37 percent. Shares of IAMGOLD are down over 35 percent year-to-date.

Yamana is a Canadian-based gold producer with significant gold production, gold development stage properties, exploration properties, and land positions in Brazil, Argentina, Chile, Mexico and Colombia. For the full year 2012, the company reported record revenues of $2.3 billion, and record production of 1.2 million gold equivalent ounces. Shares of Yamana have fallen over 13 percent year-to-date.

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