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TABLE OF CONTENTS Sep 8 - 14, 2014 Volume 100 Number 30 - 0 comments

S&P 500 on a roll, Aug. 25-29

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2014-09-03

The benchmark S&P 500 Index ended the week on a high note, finishing above the 2,000-mark for the third time during the trading week. The S&P 500 advanced 0.75% to 2,003.37, while the Dow Jones Industrial Average climbed 0.6% to finish at 17,098.45. The Philadelphia Gold and Silver Index posted a 2.4% gain finishing the week at 102.27, while the gold price rose US$6.40 per oz. to US$1,287.20. For the month of August, the Dow rose 3.2% and the S&P 500 climbed 3.8%.

Shares of Agrium advanced US$1.63 to US$94.63. On Aug. 28, a subsidiary of Agrium named Loveland Products Inc. entered into a commercialization and technology development agreement with Actagro LLC for soil and plant health nutritional products based on Actagro organic acids technology platform. The agreement gives Loveland expanded distribution, commercialization and development rights to the Eastern U.S., Canada and Australia.

Agnico Eagle Mines jumped US$1.02 to US38.28 per share in the wake of an update on exploration at its IVR project in Nunavut, 50 km northwest of its Meadowbank mine. Drilling in July and August expanded the scope of mineralization, which has now reached four zones. Recent drill intercepts have included 7.6 grams gold per tonne over 3.3 metres at 37 metres depth in the I-zone; 5.6 grams gold over 12.8 metres at 159 metres depth in the R-zone and 7.7 grams gold over 6.5 metres at 52 metres below surface in the Whale Tail zone.

Shares of Gold Fields jumped US59¢, or 13.8%, to US$4.84 per share. In August the company agreed to sell its 51% stake in the Chucapaca project in Peru to its joint-venture partner Buenaventura for US481 million and a 1.5% net smelter return royalty on any gold, copper and silver production. The sale is in line with Gold Fields’ strategy of growing cash flow and moving away from greenfields exploration and new project development as a growth strategy, in favour of acquiring in-production ounces and near-mine exploration and development, the company said.

Pretium Resources climbed 8.1% to US$7.42. Deep infill drilling has confirmed high-grade mineralization at Valley of the Kings, part of the Brucejack project in northwestern B.C. The best assay returned 335.65 grams gold per tonne over 2.1 metres.

U.S. most active issues


    Volume  
Company Symbol (000s) High Low Close Change
Cliffs Nat Rs* CLF 37839 16.45 14.68 15.07 - 0.74
Alcoa* AA 37700 16.72 16.37 16.61 + 0.16
Freeport McMo* FCX 28850 36.76 35.63 36.37 - 0.07
Kinross Gold* KGC 28268 3.99 3.87 3.94 - 0.01
Peabody Enrgy* BTU 27160 16.22 15.56 15.88 - 0.23
Barrick Gold* ABX 25508 18.43 17.94 18.39 + 0.2
Vale* VALE 24535 13.81 12.88 13.06 - 0.68
Alpha Nat Res* ANR 23409 4.05 3.86 3.95 - 0.03
Gold Fields* GFI 22298 4.94 4.22 4.84 + 0.59
Molycorp* MCP 21490 1.91 1.71 1.79 - 0.1

U.S. greatest percentage change


    Volume  
Company Symbol (000s) High Low Close Change
Richmont Mine* RIC 1432 2.82 2.33 2.78 + 18.8
Gold Fields* GFI 22298 4.94 4.22 4.84 + 13.8
Hi-Crush Part* HCLP 502 69.5 61.8 69.15 + 12
Allied Nevada* ANV 1120 3.83 3.32 3.82 + 12
US Silica Hld* SLCA 1521 72.11 64.75 71.81 + 11.3
Pretium Res* PVG 1251 7.43 6.82 7.42 + 8.1
Minas Buenavn* BVN 8519 14.82 13.22 14.56 + 7.6
Seabridge Gld* SA 1605 11.61 10.47 11.59 + 7.3
Gold Resource* GORO 4921 6.35 5.75 6.2 + 7
NovaGold Res* NG 4176 3.95 3.6 3.95 + 7
Uranium Ener* UEC 731 1.57 1.23 1.3 - 15
Timberline Rs* TLR 1912 0.11 0.08 0.09 - 13
Quest Rare Mn* QRM 1144 0.22 0.18 0.2 - 8.2
Mines Managem* MGN 246 0.81 0.68 0.73 - 7.5
Tasman Mtls* TAS 458 1.02 0.91 0.95 - 7.5
Midway Gold* MDW 269 1.03 0.94 0.94 - 6
Mag Silver* MVG 33 8.89 8.15 8.35 - 5.3
Alum Cp China* ACH 256 11.25 10.03 10.51 - 5.3
Molycorp* MCP 21490 1.91 1.71 1.79 - 5.2
Mechel* MTL 654 1.81 1.69 1.71 - 5

U.S. greatest value change


Company Symbol Change Close Change
Hi-Crush Part* HCLP 501539 69.15 + 7.42
US Silica Hld* SLCA 1520930 71.81 + 7.31
Randgold Res* GOLD 2071454 84.15 + 3.06
Royal Gold* RGLD 2432078 77.75 + 2.22
Agrium* AGU 513515 94.63 + 1.63
Alliance Rs P* ARLP 781768 49.76 + 1.42
Compass Mnls* CMP 144832 89.07 + 1.21
Minas Buenavn* BVN 8519367 14.56 + 1.04
Cabot Corp* CBT 1320977 54.78 + 1.03
Agnico-Eagle* AEM 6386243 38.28 + 1.02
Rio Tinto* RIO 1977282 53.74 - 2.56
BHP Billi-BBL* BBL 2230865 63.48 - 1.14
BHP Billi-BHP* BHP 7774621 68.63 - 1.08
Cliffs Nat Rs* CLF 37838553 15.07 - 0.74
CVR Partners* UAN 302029 15.32 - 0.68
Vale* VALE 24534993 13.06 - 0.68
Soc Quim&M Ch* SQM 2077784 27.38 - 0.64
Alum Cp China* ACH 256310 10.51 - 0.59
Mag Silver* MVG 33254 8.35 - 0.47
Intrepid Pots* IPI 576553 15.33 - 0.44


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