Gold and silver mining company stocks fell Friday as the broader equity markets posted gains, extending for a second day their rebound from this month's horrendous downdraft.
In late morning trading, Barrick Gold Corp. fell 74 cents to $49.12, Goldcorp Inc. declined $1.48, or 2.9 percent, to $49.35, AngloGoldAshanti Ltd. dropped $2.09, or 4.6 percent, to $43.70, and Newmont Mining Corp. retreated $1.52, or 2.5 percent, to $56.82.
Silver Wheaton Corp. eased 71 cents to $36.34, Pan American Silver Corp. was down 92 cents, or 3.2 percent, to $28.13, Coeur d'Alene Mines Corp. retreated 57 cents, or 2.2 percent, to $25.07 and Silvercorp Metals Inc. was of 11 cents to $8.84.
The broader market rose for a second day as mildly upbeat retail sales data renewed hope that a double-dip recession might be avoided and offset a weak reading on consumer sentiment. The S&P 500 gained 1.8 to 1,173.45, the Dow Jones Industrial Average was up 55.21 to 11,198.52 and the Nasdaq Composite added 4.02 to 2,496.55.