CANADA STOCKS-Gold plunge knocks 2.7 pct off TSX as miners take hit

Mon Apr 15, 2013 4:55pm EDT
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(Adds comment, updates prices to close)

* TSX falls to lowest close since Nov 16 on commodity sell-off

* Barrick Gold, world's biggest gold producer, falls 11.5 pct

* China's disappointing growth hits resource shares

By Alastair Sharp

TORONTO, April 15 (Reuters) - Shares of Canada's biggest gold miners plunged on Monday, dragging the country's main stock index to a five-month low as weaker-than-expected Chinese data prompted investors to beat a wholesale retreat from bullion and a string of commodities.

The resource-rich index fell 2.7 percent, its sharpest selloff since June last year, to close at its lowest level since Nov 16.

Barrick Gold Corp, the world's biggest producer of gold, plunged 11.5 percent to C$20.30 as the precious metal headed for perhaps a record single-day loss of more than $100 an ounce.

Other major producers also fell sharply, with Goldcorp Inc down 5.6 percent to C$28.38 and Kinross Gold Corp losing 13.6 percent to C$5.54.   Continued...