NEW YORK ( TheStreet) -- Mines Management (MGN - Get Report), Harmony Gold Mining (HMY - Get Report), U.S. Gold (UXG) and International Coal Group (ICO) rallied higher, whereas Penn Virginia Resource Partners (PVR), Golden Star Resources (GSS - Get Report) and Cloud Peak Energy (CLD - Get Report) ended the week in red. This compares to a 2.7% increase registered by the S&P 500.Most metal and mining winners last week comprised of precious metal stocks in the U.S. Both gold and silver touched all-time highs last week. Concerns that Portugal may need a bailout coupled with the political turmoil in Libya and events in Japan triggered investment demand for the yellow metal. Gold touched an all-time high of $1,448.60 an ounce on March 23 before closing at $1,430 on March 25. Gold miners, such as Minera Andes and U.S. Gold, are forecasting gold price at $5,000 per ounce in the next three to four years.
Metals and Mining: Winners & Losers
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