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Opening Glance: Gold miners open lower in early trading



09 May 2008 @ 10:09 am EST

NEW YORK (AP) - Shares of gold companies opened lower Friday, even as the price of the precious metal increased but the broader market fell.

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Quotes
GFI 14.19 0.29
NEM 48.88 2.15
ABX 40.2 1.04
GG 41.28 0.97

SYMBOL LOOKUP

Gold traded in London at $887.25 per troy ounce, up from $883.70 late Thursday. The Standard & Poor's 500 index fell 9.90 points, or 0.71 percent, to 1,387.78.

How some gold miners are trading:

Goldcorp Inc. fell 27 cents to $39.62.

Gold Fields Ltd. fell 8 cents to $13.82.

Newmont Mining Corp. fell 45 cents to $46.07.

Barrick Gold Corp. fell 23 cents to $40.01.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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