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Opening Glance: Gold mining companies open higher



By AP
16 June 2008 @ 10:43 am EST

NEW YORK - Shares of gold mining companies rose Monday as the price of the metal climbed in U.S. trading.

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Quotes
GFI 8.15 -0.16
NEM 29.23 -4.77
ABX 30.03 -4.96
GG 25.55 -4.05

SYMBOL LOOKUP

The price of gold on the New York Mercantile Exchange for August delivery rose $20.10 to $890.40 per ounce.

Here is how some gold miners are trading:

Goldcorp Inc. rose $1.17, or 3 percent, to $39.62.

Gold Fields Ltd. rose 26 cents, or 2.3 percent, to $11.39.

Newmont Mining Corp. rose $1.35, or 2.9 percent, to $48.39.

Barrick Gold Corp. rose $1.56, or 4 percent, to $40.10.

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 This material may not be published, broadcast, rewritten or redistributed.

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