MINING MARKETS & INVESTMENT NEWS — U.S MARKETS — Miners mixed on gold’s rise

The Dow Jones industrial average climbed 279.71 points to 10,581.84 during the report period ended Nov. 2.

While gold recovered a bit of its shine, climbing to US$291.30 on the Comex division of the New York Mercantile Exchange, most mining issues were mixed. Anglogold jumped $2.50 on the New York Stock Exchange to close at US$27.31, though Newmont Mining dipped 62 cents to close at US$21.56 on heavy trading.

Battle Mountain Gold lost 50 cents to finish the week at US$2.38, and Meridian Gold picked up 43 cents to close at US$6.81. Nasdaq-listed Durban Roodepoort Deeps gained 3 cents to close at US$1.69 on heavy trading.

Weak silver sent several companies falling, with American Stock Exchange-listed Apex Silver Mines leading the way on a 94 cents loss to close at US$12.94. Also down were Coeur d’Alene Mines, which fell 50 cents to close at US$4.19, and Hecla Mining, which slid 25 cents to US$2.19. Beating the trend was Peru’s Buenaventura, which added 31 cents to close at US$16.50.

Phelps Dodge dropped 88 cents to US$56.88, despite the red metal’s climb to US81 cents per lb. on the Comex. Cyprus Amax Minerals dropped 63 cents to US$19.56. Broken Hill Proprietary fell $1.75 to US$20.19.

Class A and B shares of Freeport-McMoRan Copper & Gold advanced 25 cents and 88 cents, respectively, to close at US$14.25 and US$17.

Nasdaq-listed De Beers Consolidated Mines gained $2.25 to close at US$27.69, while Rio Tinto rose $1.50 to US$68.50. Platinum-producer Stillwater Mining tacked on 25 cents to close at US$20.31.

Among the juniors, Royal Gold lost 62 cents to close at US$5. Chief Consolidated Mining fell 44 cents to US$2.56.