Golds up in U.S.

With gold trading once again above US$300 per oz., the U.S.-listed majors turned in a strong performance over the report period ended April 23.

Newmont Mining advanced 99 to US$29.24; AngloGold rose $2.11 to US$25.70; Gold Fields was up 83 to US$11.15; Harmony Gold shot up $1.03 to US$13.80; Ashanti Goldfields was up 17 to US$5.15; Compania de Minas Buenaventura rose $1.30 to US$27.21; and Durban Roodepoort Deep rebounded another 26 to US$3.86;

Meanwhile, Stillwater Mining pushed ahead $1.97 to US$17.85 as it reported that first-quarter earnings were almost halved to US$16.6 million, Coeur d’Alene eased up 7 to US$1.21, and Hecla Mining advanced 67 to US$2.94.

Turning to base metals, Phelps Dodge retreated $1.14 to US$36.78, disappointing investors with first-quarter results that showed a 17% decline in revenue and a deepening loss of US$14.2 million, or US18 per share.

Freeport-McMoRan Copper & Gold‘s B shares advanced 47 to US$18.21 despite posting a US$4.2-million first-quarter loss. Revenue during the period dropped US$54 million to US$393 million because of lower copper and gold production at the Grasberg mine in Indonesia.

Rio Tinto slid $2.85 to US$77 as it reported a 9% rise in iron ore production, but significant drops in copper and gold output, during the first quarter.

Among the rest of the pack: Alcoa drooped 13 to US$35.68; BHP Billiton traded down 7 to US$12.08; Anglo American rose 48 to US$16.50; Southern Peru Copper eased off 6 to US$15.04; and WMC fell 14 to US$20.56.

Print

Be the first to comment on "Golds up in U.S."

Leave a comment

Your email address will not be published.


*


By continuing to browse you agree to our use of cookies. To learn more, click more information

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.

Close