Gold up, Dow cracks 11,000

The Dow Jones industrial average edged up 90.11 points, or 0.8%, to close at 11,067 points for the report period ended Aug. 15, while gold recovered to US$274.60 per oz. on the Comex division of the New York Mercantile Exchange.

Shares of Newmont Mining jumped 93 to US$18.62 on the New York Stock Exchange, while AngloGold added 75 to US$20.25. Other South Africans did well, including Gold Fields, which gained 53 to US$3.72, while Nasdaq-listed Harmony Gold Mining rose 57 to close at US$5.41. Newmont’s merger partner, Battle Mountain Gold, picked up 13 to US$1.88. Homestake Mining climbed off a recent new low, up 13 to US$5.44. Ashanti Goldfields bucked the upward trend, falling 37 to US$2.44.

Copper prices held firm on the Comex at US87 per lb., though Southern Peru Copper advanced 94 to US$12.50. Broken Hill Proprietary picked up 44 to close at US$22.25. Class B shares of Freeport-McMoRan Copper & Gold added 37 to close at US$9.12. Rio Tinto climbed $2.19 to US$69.75.

Nasdaq-listed De Beers Consolidated Mines jumped $2.07 to US$26.88 after reaching a merger agreement with Vancouver’s Winspear Resources. Anglo American rocketed $4.69 to US$53.94.

American Stock Exchange-listed Apex Silver Mines advanced 93 to US$10.12, while Nasdaq-listed Royal Gold picked up 50 to close at US$3.25. Coeur d’Alene Mines bounced off a recent low to gain 18 and close at US$1.56. Platinum-producer Stillwater Mining shed 87 to close at US$29.38.