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TABLE OF CONTENTS Aug 26 - Sep 1, 2013 Volume 99 Number 28 - 0 comments

Toronto Stock Exchange, Aug. 12-16

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2013-08-21

The S&P/TSX Composite Index shook off the bad performance of markets south of the border, as stronger commodity prices bolstered the resource-weighted index.

It finished the period up 185 points to 12,736.92, as renewed unrest in Egypt triggered fears over the control of the Suez Canal and the Sumed pipeline, which are essential to transporting Middle East oil.

The price for gold was up US$58 to US$1,371.00 per oz., while the price for copper was up 6¢ to US$3.36 per lb. The movements helped the S&P/TSX Capped Metals & Mining Index gain 34 points to finish at 811.62, while the S&P/TSX Global Gold Index was up 17 points to 204.40 points.

The improved performance of commodities also meant good news for the Canadian dollar, as it improved to US97.05¢.

The period also saw some M&A activity, as Sandstorm Gold bid to acquire the rest of Premier Royalty. Sandstorm made an all-share offer that values the 40% of Premier it doesn’t already own at $28 million. The deal values Premier’s shares at 89¢ — a 16% premium to their 20-day, volume-weighted average price of 77¢. If successful, Sandstorm would scoop up the $33.5 million in cash on Premier’s balance sheet, a diversified portfolio of assets and its deal team based in Toronto.

Cardero Resources received some good news from the New York Stock Exchange, and its share price responded accordingly. At the end of June the NYSE MKT told Cardero that its impaired financial state had it sitting below its continued listing standards, and threatened it with a delisting. The latest good news is that the exchange has accepted Cardero’s plan of compliance and given it until Nov. 29 to regain compliance with the continued listing standards. Cardero shares were up 72% to 16¢ for the period.

Orbite Aluminae’s shares fell after it announced it needs to issue more equity to finish the construction and optimization of its high-purity alumina plant in Quebec. A previously arranged financing was delayed in July. Orbite’s shares were off 26% to 49¢, continuing a downward trajectory that began with the release of its second-quarter results on Aug. 9. It was then that the company said it would need more capital to finish its first alumina plant. Projected costs for the plant escalated to $106 million from $85 million this year. The company has just $8.8 million in its treasury.

Renaissance Gold saw its market cap increase by 48%, as its stock finished the week at 30¢ per share. The company said trench sampling and drilling results confirm a shallow zone of gold-silver mineralization at its Sinter project in Nevada. The Sinter property lies in the northern part of the Velvet District near other shallow epithermal gold prospects at RenGold’s Bunce property and at the historic Velvet mine.

TSX most active issues


    Volume  
Company Symbol (000s) High Low Close Change
Marengo Mng MRN 58487 0.03 0.02 0.03 + 0.01
Kinross Gold K 26608 6.43 5.55 6.13 + 0.71
B2Gold BTO 26493 3.69 3.08 3.4 + 0.3
Barrick Gold ABX 23123 20.93 18.21 20.01 + 2.01
Goldcorp G 20360 33.09 29 32.09 + 4.1
Eldorado Gold ELD 20023 9.8 8.42 9.38 + 1.29
IAMGold Corp IMG 20002 7.06 5.43 6.53 + 1.33
Orbite Alumnae ORT 18208 0.65 0.37 0.49 - 0.17
Potash Cp Sask POT 17648 32.4 30.91 31.41 + 0.56
Yamana Gold YRI 16801 12.1 10.55 11.64 + 1.51

TSX greatest percentage change


    Volume  
Company Symbol (000s) High Low Close Change
Liberty Mines LBE 187 0.75 0.02 0.5 + 3233.3
Cardero Res CDU 3451 0.17 0.1 0.16 + 72.2
Crocodile Gold CRK 1750 0.13 0.07 0.12 + 64.2
Aura Mnls ORA 844 0.13 0.08 0.13 + 62.5
Golden Star GSC 992 0.88 0.5 0.76 + 56.7
Lake Shore Gld LSG 11474 0.55 0.36 0.52 + 48.5
Renaissance Gd REN 389 0.36 0.2 0.3 + 47.5
Intl Tower Hil ITH 352 0.83 0.53 0.77 + 45.2
Kirkland Lk Gd KGI 2995 4.75 3.35 4.56 + 41.1
Rockgate Cap RGT 4060 0.16 0.12 0.16 + 39.1
Thundermin Res THR 376 0.03 0.02 0.02 - 50
Stockport Expl SPT 263 0.06 0.05 0.05 - 28.5
Rio Novo Gold RN 760 0.09 0.06 0.07 - 27.7
Geovic Mng GMC 145 0.1 0.07 0.07 - 27.7
Orbite Alumnae ORT 18208 0.65 0.37 0.49 - 25.7
Horizns G Bear HGD 4058 19.04 14.45 15.38 - 24.3
Harte Gold HRT 354 0.1 0.09 0.09 - 22.7
Azumah Res AZR 219 0.03 0.02 0.02 - 20
Nuinsco Res NWI 357 0.03 0.02 0.02 - 20
Africo Res ARL 59 0.48 0.44 0.44 - 17.9

TSX greatest value change


Company Symbol Change Close Change
Royal Gold RGL 36904 64.04 + 7.77
Franco-Nevada FNV 3042164 47.74 + 4.71
Goldcorp G 20359505 32.09 + 4.1
Newmont Mng NMC 15166 34.12 + 4.06
Silver Wheaton SLW 9362760 27.76 + 3.76
Agnico-Eagle AEM 4520057 32 + 3.57
Horizns G Bull HGU 7171959 12.21 + 2.6
Coeur Mng CDM 125344 16.45 + 2.27
First Majestic FR 3897181 15.33 + 2.13
Alamos Gold AGI 3940971 17.25 + 2.03
Horizns G Bear HGD 4058017 15.38 - 4.95
Sprott Res SCP 2488319 3.02 - 0.38
Walter Energy WLT 74261 13.11 - 0.27
North Am En Pa NOA 37510 5.17 - 0.18
Orbite Alumnae ORT 18207701 0.49 - 0.17
Uranium Partic U 2146872 4.87 - 0.13
NGEx Res NGQ 439557 1.89 - 0.11
Xinergy XRG 199460 0.6 - 0.11
Ur-Energy URE 1095831 1.11 - 0.1
Migao MGO 201502 1.21 - 0.1


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Related News
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Related Press Releases
Sandstorm Gold Announces Term Extension to Credit Facility
Renaissance Gold Adopts Advance Notice Policy
Sandstorm Gold Appoints Mary L. Little to Board of Directors
 



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