New York silver spot prices were at $17.12 an ounce following massive earthquake aftershocks in major copper producing country Chile. Those aftershocks, of course, follow an earthquake that ravaged the country last month. Copper spot prices are at $3.40 a pound. Platinum and palladium spot prices traded at $1,607 and $461 an ounce respectively. Mining stocks, which offer a different form of exposure to precious metals, traded in mixed territory Thursday. Kinross ( KGC) fell 1.1% to $17.90 after announcing a proposed agreement to buy all of Canadian junior exploration company Underworld Resources' outstanding common shares in a roughly US$135 million deal. Barrick Gold ( ABX), on the other hand, edged slightly higher to $39.00, up 0.6% after the company's CEO Aaron Regent sounded confident that a mining project in Pakistan would work out. Silvercorp Metals ( SVM) headed 1.1% higher at $6.70 a share, while Southern Copper ( SCCO) fell 1.7% to $31. -- Reported by Andrea Tse in New York
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