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TABLE OF CONTENTS Jun 16 - 22, 2014 Volume 100 Number 18 - 0 comments

TSX surges, June 2-6

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2014-06-11

The Toronto stock market had a strong run during the trading week, with the S&P/TSX Composite Index gaining 234.74 points to 14,838.90, as investors digested the positive U.S. employment data while shrugging off the lacklustre Canadian jobs report.

Figures showed that the American economy added 217,000 jobs in May, largely in line with expectations. Despite the gains, the jobless rate stayed at 6.3%.

Canada on the other hand created 25,800 jobs in May, which were all part-time and didn’t make up for the 29,000 jobs lost in April. Canada’s unemployment rate in May was 7% up from 6.9% a month ago.  

The S&P/TSX Global Gold Index tacked on 2 points to finish at 171.97, despite the spot price for gold sliding a dollar to US$1,252.30 per oz. The S&P/TSX Capped Diversified Metals & Mining Index fell 9.83 points to 841.50.

Inspiration Mining was the week’s biggest percentage gainer, soaring 50% to 12¢ after announcing plans to dewater the ramp at its Langmuir No. 1 nickel mine near Timmins, Ont. The dewatering requires a permit and once obtained, the Toronto-based junior could start an advanced exploration program to access the higher-grade mineralization in the past-producing mine. 

Erdene Resource Development had a good week. The Nova Scotia-headquartered junior jumped 28.5% after publishing the drill results for its second-quarter exploration program at its Altan Nar gold–polymetallic project in Mongolia. The best hole cut 5 metres of 17.7 grams gold per tonne, 69 grams silver per tonne, 2.1% lead and 2.5% zinc within 19 metres of 5.8 grams gold. 

The junior says the results in the quarter “support the continued expansion of the gold–polymetallic mineralization within the 5.6 by 1.5 km target area at Altan Nar.” 

Erdene intends to keep exploring the project for the rest of the year, with the goal of publishing a maiden resource estimate shortly after. 

Alamos Gold made the top value gainers list, adding 32¢ to end at $9.46. The boost came after the gold producer, which operates the Mulatos gold mine in Mexico, appointed director Paul Murphy as the non-executive chairman of its board, replacing Mark Wayne. 

Centerra Gold on the other hand missed that list, losing 88¢, or 18%, to close at $3.99. The gold producer said it would shut down its Kumtor gold operation in Kyrgyzstan if government agencies don’t approve its 2014 mine plan and issue the related operating permits by June 13. The company said it has been working with agencies since late last year to receive the necessary approvals without much success, noting in previous years those approvals were received in the first few months of each year.  

TSX most active issues


    Volume  
Company Symbol (000s) High Low Close Change
Eastern Platin ELR 16745 0.1 0.08 0.1 + 0.01
B2Gold BTO 5892 2.63 2.48 2.5 - 0.04
Timmins Gold TMM 5810 1.74 1.34 1.61   0
Osisko Mng OSK 4646 8.28 7.97 8.25 + 0.09
Teck Res B TCKB 4128 24.58 23.4 23.64 - 0.1
Centerra Gold CG 4102 4.64 3.16 3.99 - 0.88
Barrick Gold ABX 3588 17.72 17.25 17.52 - 0.3
Thompson Creek TCM 3488 3.21 3.02 3.09 - 0.02
Lundin Mng LUN 3324 5.94 5.62 5.68 + 0.11
Orbite Alumnae ORT 3278 0.38 0.35 0.35 + 0.02

TSX greatest percentage change


    Volume  
Company Symbol (000s) High Low Close Change
Inspiration Mg ISM 1280 0.19 0.12 0.12 + 50
Stockport Expl SPT 45 0.06 0.05 0.06 + 33.3
Erdene Res Dev ERD 131 0.2 0.16 0.18 + 28.5
Besra Gold BEZ 663 0.03 0.02 0.03 + 25
Silver Bear Rs SBR 87 0.15 0.13 0.15 + 20
Shore Gold SGF 397 0.25 0.21 0.24 + 17
Exeter Res XRC 62 0.77 0.63 0.77 + 16.6
Candente Gold CDG 202 0.04 0.03 0.04 + 16.6
Harte Gold HRT 1887 0.15 0.13 0.14 + 16.6
Canarc Res CCM 20 0.08 0.06 0.08 + 15.3
TVI Pacific TVI 24 0.02 0.01 0.01 - 33.3
American Bonan BZA 114 0.02 0.02 0.02 - 25
Goldgroup Mng GGA 11 0.19 0.17 0.17 - 25
Geovic Mng GMC 61 0.04 0.03 0.03 - 25
Veris Gold VG 1308 0.29 0.12 0.13 - 21.2
Oban Mng OBM 163 0.22 0.18 0.18 - 20.4
Liberty Silver LSL 16 0.05 0.04 0.04 - 20
Revolution Res RV 202 0.05 0.04 0.04 - 20
Nuinsco Res NWI 920 0.03 0.02 0.02 - 20
Centerra Gold CG 4102 4.64 3.16 3.99 - 18

TSX greatest value change


Company Symbol Change Close Change
Labdr I-Ore Ro LIF 763763 30.24 + 1.97
Agrium AGU 486814 99.23 + 0.48
Imperial Metal III 53859 15.48 + 0.47
Mag Silver MAG 303782 8.84 + 0.44
Cameco Corp CCO 2156310 21 + 0.41
Russell Metals RUS 372336 33.9 + 0.33
Alamos Gold AGI 417041 9.46 + 0.32
Dominion Diam DDC 222126 14.69 + 0.32
Eldorado Gold ELD 1944482 6.6 + 0.28
Agnico-Eagle AEM 1312382 33.56 + 0.21
Franco-Nevada FNV 698338 50.75 - 1
Centerra Gold CG 4102452 3.99 - 0.88
Goldcorp G 3027418 25.14 - 0.85
Major Drilling MDI 571909 7.7 - 0.72
Altius Mnrls ALS 108787 12.98 - 0.46
Silver Std Res SSO 323179 7.39 - 0.32
Potash Cp Sask POT 1420327 38.81 - 0.31
Barrick Gold ABX 3587508 17.52 - 0.3
Detour Gold DGC 1782764 11.3 - 0.25
Golden Queen GQM 102966 1.26 - 0.24

 

 



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Related News
Alamos scores Agi Dagi EIA approval, Kirazli in limbo
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Related Press Releases
Alamos Receives Final Signatures Approving Agi Dagi EIA
Alamos Reports Second Quarter 2014 Results
Centerra Gold Announces Quarterly Dividend of Cdn$0.04 per Share
 



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