New Losers You Should Observe This Week (IAG, HMY, AU, SCHS)

Los Angelas, CA -- (SBWIRE) -- 01/28/2013 -- IAMGOLD Corporation (USA) (NYSE:IAG) shares fell 4.11% and closed at $8.39. The company, on Jan. 22, confirmed its previously announced gold production guidance of 875,000 to 950,000 attributable ounces for fiscal 2013. IAMGOLD Corporation is a mining company. IAMGOLD‘s interests include five operating gold mines, a niobium mine, a diamond royalty, and exploration and development projects located in Africa and the Americas.

Is it the Right to Grab IAG after the Recent Slump? Find Out Here

Harmony Gold Mining Co. (ADR) (NYSE:HMY) shares fell 3.32% to $6.98 in the last trading session. The company, on Jan. 7, announced that following the review of both the financial and operational impact of lawlessness, violence and non-compliance to the Mine Health and Safety Act, 29 of 1996 (MHSA) experienced at Kusasalethu mine near Carletonville during the December 2012 quarter, it has decided to keep the mine closed until such time as it is safe enough for employees to commence mining activities.

Will HMY Bounce Back After yesterday’s Sharp Sell off? Find Out Here

AngloGold Ashanti Limited (ADR) (NYSE:AU) shares fell 2.78% and closed at $27.31 in the last trading session. On Jan. 8, Anglogold Ashanti Ltd’s Chief Executive (CEO) Mark Cutifani will be leaving the company at the end of March to lead Anglo American PLC. Following his departure, Chief Financial Officer (CFO) Srinivasan Venkatakrishnan and Executive Vice President Business and Technical Development Tony O’Neill will act as joint interim CEO.

Will AU Reach The Bottom After Yesterday’s Correction? Find Out Here

School Specialty Inc (NASDAQ:SCHS) declined 75.73% to $0.145 on a traded volume of 5.42 million. School Specialty, Inc. announced that it has entered into an asset purchase agreement with an affiliate of Bayside Capital, Inc., under which School Specialty proposes to sell its assets as a going concern through a court-supervised sale process. To facilitate the sale transaction, School Specialty and certain of its subsidiaries today filed voluntary petitions for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the District of Delaware and is pursuing the sale process under Section 363 of the Bankruptcy Code.

Is SCHS A Buy Or Sell At These Levels? Find Out Here

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