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TABLE OF CONTENTS Sep 9 - 15, 2013 Volume 99 Number 30 - 0 comments

Toronto Stock Exchange, Aug. 26-30

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2013-09-04

The S&P/TSX Composite Index fell during the trading week amid concerns that Western countries would intervene militarily in Syria’s civil war. Toronto’s main index plunged 108 points to finish the week at 12,653.90. 

Mining stocks followed close behind, with the S&P/TSX Capped Diversified Metals & Mining Index losing 38 points to 765.29. The S&P/TSX Global Gold Index slumped 11 points to 199.21, as the New York spot price for gold dipped US$1.30 per oz. to US$1,396.50.

Rockwell Diamonds gained nearly 40% to close at 30¢ after reporting plans to increase monthly production volumes at its diamond projects in South Africa’s Middle Orange River region in hopes of recovering more large stones to bolster quarterly earnings. The company processes 360,000 cubic metres of ore a month but is targeting 500,000 cubic metres a month in the medium-term. Helping reach that rate are the company’s new Saxendrift Hill and Niewejaarskraal mines. The former mine is in production, while the latter is ramping up to production.  

Liberty Mines gained some momentum after announcing that it’s buying the Snow Lake gold project in Manitoba from QMX Gold for $20 million in cash. Its shares jumped 28% during the week to end at 64¢. According to a 2010 feasibility study, the Snow Lake project is expected to churn out 83,000 oz. gold per year for five years. Pre-production capital costs are pegged at $40.8 million, with payback estimated within two years. The Snow Lake property hosts the past-producing New Britannia mine and related infrastructure and equipment, including a fully permitted, 2,150-tonne-per-day mill and tailings facility. The transaction is expected to close in late November, after which Liberty would own two fully permitted mills. Interestingly, Liberty named David Rigg as its new president and CEO. Rigg is the former chairman, president and CEO of QMX Gold.

Toronto-based Dundee Precious Metals was one of the week’s top value gainers. The company saw its stock advance 36¢ per share to close at $6.61. Dundee published its first resource estimate for the Shahumyan deposit at its producing Kapan polymetallic-gold mine in Armenia. The deposit contains 2.8 million indicated tonnes averaging 5.2 grams per tonne gold equivalent, and another 10.6 million inferred tonnes of 4.5 grams gold equivalent. The company said its best option at Kapan is to expand the underground mine to include the new resource from Shahumyan. It intends to conduct an internal study to assess this possibility, with results expected in early 2014.

TSX most active issues


    Volume  
Company Symbol (000s) High Low Close Change
B2Gold BTO 27047 3.19 2.75 2.8 - 0.26
Kinross Gold K 25270 6.44 5.55 5.81 - 0.34
San Gold Res SGR 23715 0.21 0.16 0.2 + 0.04
Barrick Gold ABX 21859 22.29 19.84 20.11 - 0.95
Iamgold IMG 19725 7.45 6.16 6.32 - 0.74
Osisko Mng OSK 18451 5.83 5.14 5.23 - 0.29
Goldcorp G 16824 33.8 30.22 31.1 - 1.5
Eldorado Gold ELD 15818 10.08 8.71 8.97 - 0.69
Yamana Gold YRI 14836 13.16 11.48 12.04 - 0.56
Potash Cp Sask POT 10380 32.58 31.05 31.15 - 0.2

TSX greatest percentage change


    Volume  
Company Symbol (000s) High Low Close Change
Amara Mng AMZ 12 0.49 0.29 0.47 + 56.6
Vena Res VEM 96 0.12 0.09 0.12 + 50
United Silver USC 1340 0.09 0.04 0.07 + 40
Rockwell Diam RDI 114 0.34 0.22 0.3 + 39.5
Victory Nickel NI 4788 0.04 0.03 0.04 + 33.3
Besra Gold BEZ 2339 0.07 0.05 0.06 + 33.3
Liberty Mines LBE 17 0.64 0.35 0.64 + 28
Inspiration Mg ISM 221 0.07 0.05 0.07 + 27.2
Alexco Res AXR 664 2.55 1.84 2.27 + 26.8
San Gold Res SGR 23715 0.21 0.16 0.2 + 25
Red Cresc Res RCB 683 0.06 0.03 0.03 - 58.3
TriAusMin TOR 790 0.05 0.04 0.04 - 33.3
Thundermin Res THR 244 0.02 0.02 0.02 - 25
Golden Star GSC 1268 0.8 0.57 0.58 - 23.6
Vista Gold VGZ 135 1.13 0.79 0.84 - 23.6
Golden Mnls AUM 79 1.69 1.21 1.22 - 22.7
Golden Queen GQM 412 1.99 1.4 1.48 - 22.5
Volta Res VTR 2012 0.24 0.19 0.19 - 21.2
Midas Gold MAX 959 1.25 1.02 1.02 - 20.3
Nuinsco Res NWI 656 0.03 0.02 0.02 - 20

TSX greatest value change


Company Symbol Change Close Change
Horizns G Bear HGD 5483397 15.92 + 1.48
Alexco Res AXR 663722 2.27 + 0.48
China Gold Int CGG 5497468 3.92 + 0.41
Dundee Prec Mt DPM 2845479 6.61 + 0.36
Imperial Metal III 259853 12.25 + 0.35
Alamos Gold AGI 5126825 17.19 + 0.33
Faircourt Gold FGX 28219 5.4 + 0.2
Amara Mng AMZ 12450 0.47 + 0.17
Primero Mng P 3176607 5.99 + 0.17
Liberty Mines LBE 16810 0.64 + 0.14
Royal Gold RGL 30607 61.26 - 5.81
Agnico-Eagle AEM 5237079 31.75 - 2.2
Coeur Mng CDM 78979 15.19 - 2.19
Labdr I-Ore Ro LIF 214390 30.03 - 1.87
Seabridge Gold SEA 323176 15.21 - 1.61
Goldcorp G 16824013 31.1 - 1.5
Horizns G Bull HGU 8845193 11.54 - 1.33
Pan Am Silver PAA 1923734 12.85 - 1.31
First Majestic FR 2854338 14.92 - 1.26
Silver Wheaton SLW 8618306 27.84 - 1.19


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Dundee Precious Metals Announces 2014 Second Quarter Results
Rockwell Diamonds shareholders pass all resolutions at annual general and special meeting
NOTICE: DPM 2014 Second Quarter Results
 



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