The Dow Jones industrial average climbed 125.06 points, or 1.2%, during the report period ended Oct. 5 to close at 10,400.59.
Gold miners were mixed as the metal continued its bumpy rise. Spot prices on the Comex division of the New York Mercantile Exchange gained $16.40 to US$324.40.
Newmont Mining led gainers, climbing $1.82 to US$28.88 on heavy trading on the New York Stock Exchange. Homestake Mining added 26 cents to US$9.88, and Battle Mountain Gold was unchanged at US$3.62 on high trading volume.
Ashanti Goldfields fell $3.25 to US$5.50 on news it needed to restructure its hedgebook. Anglogold also declined $1.56, closing at US$32.94.
Nasdaq-listed Durban Roodepoort Deeps was unchanged at US$2.38 on heavy trading.
Gold’s increase reached down to smaller companies, including Glamis Gold, which gained 44 cents to US$3. Nasdaq-listed Crown Resources advanced $1.06 to US$3.84, while American Stock Exchange-listed Canyon Resources added 12 cents to close at US50 cents. Golden Star Resources was up 32 cents to US94 cents.
Asarco dropped 25 cents to finish the week at US$26.75 after declining two takeover offers. At presstime, however, it had accepted an amended offer from Phelps Dodge for a 3-way merger with Cyprus Amax Minerals. Phelps Dodge was down $2.13 to close at US$53.56, while Cyprus was up 7 cents to US$19.19.
Class A and B shares of Freeport-McMoRan Copper & Gold gained $1 and 87 cents to close at US$15.25 and US$16.81, respectively.
Platinum-producer Stillwater Mining rose 24 cents to close at US$26.38, while De Beers Consolidated Mines dropped $2.83 to US$26.50.
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