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Closing Glance: Gold mining shares close mixed



By AP
21 May 2008 @ 04:19 pm EST

NEW YORK - Shares of gold mining companies closed mixed Wednesday despite a jump in the price of the precious metal in U.S. trading.

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Quotes
AEM 52.22 1.16
NEM 40.23 0.69
ABX 30.94 0.37
FCX 73.91 -1.02

SYMBOL LOOKUP

Gold for June delivery rose $8.40 to settle at $927.50 an ounce on the New York Mercantile Exchange, after earlier reaching a one-month high of $931.10. Though gold and oil don't always rise together, analysts said the surging price of oil, which passed a record $133 a barrel Wednesday, brought a wave of investors into the metals market.

Here is how some gold miners fared in Wednesday's trading:

Freeport McMoran Copper & Gold Inc. fell $5.28, or 4.2 percent, to $120.58, after earlier hitting an all-time high of $127.14.

Agnico Eagle Mines Ltd. slid $2.18, or 3 percent, to $70.93.

Newmont Mining Corp. lost 28 cents, to $49.60.

Barrick Gold Corp. gained 34 cents to $42.69.

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 This material may not be published, broadcast, rewritten or redistributed.

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