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TABLE OF CONTENTS Jan 13 - 19, 2014 Volume 99 Number 48 - 0 comments

Toronto Stock Exchange, Dec. 27-Jan. 3

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2014-01-08

An extreme cold weather front that kept most Canadians indoors over the holiday period also sent a chill through equity markets. The S&P/TSX Composite Index fell 0.2% on the first day of trading in 2014, finishing the week down a total of 39.12 points or 0.29% at 13,548.86. The S&P/TSX Capped Diversified Metals & Mining Index also lost 5.1 points or 0.70% to settle at 779.05. In contrast the S&P/TSX Global Gold Index moved 3.7 points or 2.34% higher to close at 161.55.

Shares of Detour Gold advanced 75¢ to $4.94 on news Jan. 2 that repairs to the pre-leach thickener system at its 100%-owned Detour Lake mine had been completed. The processing plant resumed operations and is targeted to operate at a rate of 50,000 tonnes per day within a week of the restart. During the downtime the company completed a number of other mill-related repairs and improvements, including the installation of the second shuttle chute to the secondary crushers. The mine has proven and probable reserves of 15.6 million ounces of gold.

Barrick Gold shares were up 63¢ to $19.31 on no news. On Dec. 22 the gold major announced that it was divesting its Plutonic mine in Western Australia to Northern Star Resources for A$25 million (US$22 million). The deal is expected to close in February. The mine produced 86,000 oz. gold in the first nine months of 2013 at all-in sustaining costs of US$1,110 per oz.

Mediterranean Resources shares jumped 50% to $0.03 apiece after news Jan. 2 that Lionsbridge Pty., an Australian company controlled by the Wesson family, will raise up to C$7 million as a private placement into the company. The deal would see the junior’s antimony projects in Spain, currently in a subsidiary called International Antimony Mines, spun out as a separate listing on the TSX Venture Exchange and Mediterranean’s current management resign. Lionsbridge will take over management of the company and Westech, a consultancy owned by the Wesson family, will be retained for project engineering to complete the remaining requirements of the company’s projects in Turkey. Mediterranean Resources is developing two mines at its 100%-owned Red Mountain (Kizildag) project in northeastern Turkey. Tac is a gold-copper deposit and Corak a gold-zinc-lead deposit.

Regina’s Leader-Post reported Jan. 2 that the new owners of Russian potash producer Uralkali would rejoin the Belaruskali potash cartel, but the news didn’t seem to lift the spirits of investors in Potash Corp. of Saskatchewan as shares fell 62¢ to $34.74. In early December Canada’s largest potash producer announced that it will be cutting its workforce in Canada, the U.S. and Trinidad by 18% due to sluggish demand for its potash and phosphate fertilizer products in developing markets, where growth has been slowing.

TSX most active issues


    Volume  
Company Symbol (000s) High Low Close Change
Colossus Minls CSI 32764 0.12 0.04 0.07 - 0.02
Kinross Gold K 9286 4.91 4.5 4.81 + 0.1
Barrick Gold ABX 8872 19.68 17.97 19.31 + 0.63
Goldcorp G 8747 24.35 22.06 23.71 + 0.6
B2Gold BTO 8651 2.32 2.11 2.31 + 0.02
Osisko Mng OSK 7044 5.04 4.53 4.93 + 0.22
Detour Gold DGC 6880 5.04 3.83 4.94 + 0.75
Turquoise Hill TRQ 6112 3.51 3.2 3.24 - 0.25
Yamana Gold YRI 5931 9.65 8.9 9.41 + 0.08
Lundin Mng LUN 5872 4.7 4.51 4.64 + 0.07

TSX greatest percentage change


    Volume  
Company Symbol (000s) High Low Close Change
Hard Creek Ni HNC 703 0.06 0.04 0.06 + 140
CaNickel Mng CML 69 0.31 0.1 0.21 + 75
Goldgroup Mng GGA 385 0.15 0.08 0.14 + 68.7
Mediterrn Res MNR 58 0.03 0.02 0.03 + 50
Atna Res Ltd ATN 1119 0.17 0.11 0.15 + 45
Carlisle Goldf CGJ 582 0.06 0.05 0.06 + 37.5
TriAusMin TOR 1157 0.05 0.03 0.04 + 33.3
Wallbridge Mng WM 183 0.08 0.07 0.08 + 33.3
American Bonan BZA 832 0.02 0.02 0.02 + 33.3
Revolution Res RV 26 0.02 0.02 0.02 + 33.3
Cerro Grande M CEG 58 0.03 0.02 0.02 - 33.3
South Am Silvr SAC 373 0.43 0.29 0.3 - 28.5
Colossus Minls CSI 32764 0.12 0.04 0.07 - 18.7
INV Metals INV 194 0.03 0.03 0.03 - 16.6
Rio Novo Gold RN 882 0.08 0.06 0.06 - 15.3
Silver Bear Rs SBR 86 0.09 0.08 0.09 - 15
Witwatersrand WGR 20 0.91 0.84 0.9 - 12.6
Sunward Res SWD 95 0.21 0.17 0.18 - 12.5
Verde Potash NPK 64 0.49 0.44 0.44 - 12
Canarc Res CCM 172 0.05 0.04 0.04 - 11.1

TSX greatest value change


Company Symbol Change Close Change
Royal Gold RGL 23578 52.21 + 2.43
Altius Mnrls ALS 155777 12.78 + 0.78
Detour Gold DGC 6879576 4.94 + 0.75
Seabridge Gold SEA 134858 8.56 + 0.7
Barrick Gold ABX 8872004 19.31 + 0.63
Centerra Gold CG 1520050 4.79 + 0.61
Goldcorp G 8747293 23.71 + 0.6
Kirkland Lk Gd KGI 881325 3 + 0.54
Silver Wheaton SLW 4233541 22.47 + 0.53
Energy Fuels EFR 155651 6.58 + 0.53
Horizns G Bear HGD 1434069 20.36 - 1.21
Agrium AGU 774373 96.53 - 1.04
Walter Energy WLT 34178 17.01 - 0.88
Cameco Corp CCO 2422804 21.39 - 0.64
Potash Cp Sask POT 3730271 34.74 - 0.62
Teck Res B TCKB 4182250 26.89 - 0.55
Turquoise Hill TRQ 6111776 3.24 - 0.25
North Am En Pa NOA 10590 6.1 - 0.15
Witwatersrand WGR 20000 0.9 - 0.13
South Am Silvr SAC 372899 0.3 - 0.12


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Related News
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Barrick Gold CEO steps down
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Related Press Releases
TSX Delisting Review - Mediterranean Resources Ltd. (Symbol: MNR)
Morganti Legal, P.C. Announces a Shareholder Lawsuit Against Detour Gold Corporation
PotashCorp Announces Election of Directors
 



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