NEW YORK ( TheStreet) -- Mines Management (MGN - Get Report), Alliance Holdings GP (AHGP - Get Report) and Gold Reserve (GRZ) wrapped up on a positive note last week, while Ternium (TX - Get Report), Mechel (MTL) and Alpha Natural Resources (ANR) showed weakness.
Mines Management topped the advancers' list last week, up 6.3%. Alliance Holdings GP followed increasing 2.1%.
Gold Reserve shed 1.1% after it was known that the Toronto Stock Exchange is considering suspending the stock's trading. Further, the NYSE Amex LLC stock exchange has sent a delisting notice to the company.
gained a modest 0.2% after a research report by Paragon revealed that the coal market is set for robust growth, buoyed by infrastructure development in the emerging markets.
Ternium was at the helm of losers, plunging 20.3% at close last week. Mechel followed declining 18.5% after the company recorded a 4% drop in its first nine-month run-of-mine coal production to 19.81 million metric tons.
Alpha Natural Resources eroded 15.8% last week, while another coal producer
dipped 13.8% at close last week.
dropped 13.5% after Zacks Investment Research downgraded the stock's rating to neutral from outperform last week.
James River Coal
tumbled 12.7%, after Deutsche Bank cut its price target on the stock from $12 to $10.5. However, the bank maintains its hold rating on JRCC. At close last week,
North American Palladium
Aluminum Corporation of China
declined 12.5% after Mizuho Securities downgraded the stock's rating to underperform from the earlier buy rating.
shed 12.3% last week.
(BTU - Get Report)
erased 10.8% each.
wiped out 10.5%, 10.3% and 10%, respectively at close this past week. Gold prices slipped 3.2% to close at $1723.95 per ounce on easing U.S. consumer prices and the eurozone debt contagion. Moreover, Brigus Gold reported 2011 third quarter revenue of $19.3 million, down 18.6% from the year-ago quarter.
(MT - Get Report)
lost 9.8% after it was known that steel production at the company's Ukrainian unit declined by 5.9% to 529,900 metric tons in October compared to the same month a year ago. For the first ten months of the year, steel production declined to 4.6 million tons from 5.09 million tons in the same period last year.