Gold edged lower in Monday trading. The metal slipped even as the U.S. imposed a fresh round of sanctions on officials and companies close to Russian President Vladimir Putin.

Newmont Mining (NEM) shares tumbled after it called off merger talks with fellow miner Barrick Gold (ABX). In a letter to Barrick’s board, NEM complained that “our efforts to find consensus have been rejected out of hand repeatedly.” NEM stock ended the day down almost 7%, while ABX shares fell more than 3%.

Gold futures for June delivery dipped 0.1% to $1,299 per ounce on Monday, according to CME Group. Gold prices were as high as $1,306.60 and as low as $1,292.10. Bullion closed in London at $1,297, according to BullionVault.

Silver futures for May delivery sank 0.5% at $19.59 per ounce. Monday’s high for silver was $19.76, while the low was $19.47.

Here’s how metal-based funds and mining stocks fared on Monday:

Gold and Silver Funds

• The SPDR Gold Shares (GLD) fell 0.4%.
• The iShares Gold Trust (IAU) faded 0.5%.
• The iShares Silver Trust (SLV) also declined 0.5%.

Gold and Silver Mining ETFs

• The Market Vectors Gold Miners ETF (GDX) slid 1.9%.
• The Market Vectors Junior Gold Miners ETF (GDXJ) dropped 3.5%.
• The Global X Silver Miners ETF (SIL) sank 1.6%.

Gold Miners

• Agnico Eagle Mines (AEM) fell 0.5%.
• ABX declined 3.1%.
• Eldorado Gold (EGO) was flat.
• Goldcorp (GG) sank 1.5%.
• Kinross Gold (KGC) dropped 3.4%.
• NEM stock plunged 6.7%.
• NovaGold (NG) tumbled 5.2%.
• Yamana Gold (AUY) slid 2.2%.

Silver Miners

• Coeur d’Alene Mines (CDE) dropped 2.8%.
• Hecla Mining (HL) sank 1.3%.
• Pan American Silver (PAAS) fell 3.1%.
• Silver Wheaton (SLW) slid 1.1%.
• Silver Standard Resources (SSRI) dropped 3.8%.

As of this writing, Christopher Freeburn did not hold a position in any of the aforementioned securities. Adrian Ash of BullionVault contributed to this report.