2011 was an extremely disappointing year, as the Mining Top 25 closed with a return of -22.215%, underperforming the S&P by 18.89%, but outperforming the TSX Venture by 15.72%. We obviously expected a much better return, especially from our number 1-pick Empire Mining.
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A1 Minerals AAM Africa Albania American Manganese AMY Australia Avanti Mining Inc. AVT Brazil Cameroon Canada China Chromium CMJ Coal Colombia Colombian Mines Copper Curis Resources Cyprus EGZ EMED Emed Mining Public Empire Mining Energizer Resources ENK EPC European Nickel Excelsior Mining First Uranium FIU FML Focus Minerals Georgia Ghana Gold ICC IOH Ireland Iron Ore Iron Ore Holdings Macarthur Minerals Macedonia Madagascar Manganese Metanor Resources MetroCoal Mexico MIN Minco Plc Mining Top MIO MMS Molybdenum MTE MTO MUN Mundo Minerals Nickel NMG Noble Mineral Resources NWM NWM Mining Peru Philippines RES Resource Generation Rocky Mountain Resources Serbia Silver Sino Vanadium Slovakia South Africa Spain SVX Trafford Resources TRF Turkey Uranium USA Vanadium Xinergy Ltd. XRG