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TABLE OF CONTENTS Sep 16 - 22, 2013 Volume 99 Number 31 - 0 comments

TSX Venture Exchange, Sept. 3-6

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2013-09-11

The S&P/TSX Venture Composite Index returned to positive territory during the shortened trading week. It registered a gain of 1.7%, or 15.6 points, and closed at 954.92 points — its highest valuation since early July. Markets maintained gains despite declining precious and base-metal futures, as well as disappointing U.S. jobs data.

Gold futures pared early week gains to finish in the red for a second straight week, as December contracts for gold bullion lost US$2 before closing at US$1,391.70 per oz. December contracts for copper fell 1.4%, or US4.7¢, en route to a US$3.26 per lb. close.

Volatile equity and metal markets have taken a toll on Vancouver-based junior Donner Metals. The company closed the week at 1¢ per share on 12 million shares traded after it had to forfeit a 35% interest in Glencore Xstrata’s Bracemac-McLeod zinc-copper mine in Quebec’s Matagami camp. Donner had been trying to scrape together a $4.3-million payment owed to Glencore, but only raised $3 million.

Missing the payment also put Donner in default of a metal-purchase agreement signed with Sandstorm Gold in 2011. Sandstorm assumed Donner’s interest in the mining operation, though the company exchanged its newly acquired stake for a 3% net smelter return royalty on all production at Bracemac-McLeod.

Arctic explorer Kennady Diamonds took a big step back during the week — putting an end to a sustained rally that saw the company jump to all-time highs over the past month. Kennady led the value-lost category with a $1.21 drop before it closed out the trading period at $4.99 per share.

On Sept. 3 the company released results from the last two stepout holes on strike and northwest of its main Kelvin kimberlite. Kennady intersected kimberlite in 14 of 15 holes collared during the program, with its latest results including 22.8 metres of kimberlite from 180 metres depth in hole 13-044, and 29 metres of kimberlite from 105 metres depth in hole 13-045. The company reported that “these holes define the northwest limit of the Kelvin kimberlite emplacement.”

Joint-venture partners Fission Uranium and Alpha Minerals agreed to a $185-million, all-share deal that would see Fission take over Alpha’s 50% stake in the Patterson Lake South uranium project in southern Saskatchewan. According to the deal, Alpha shareholders would get 5.725 shares of Fission for each share held, which represents a 14.5% premium on Aug. 23, compared to an initial 11% premium under a takeover offer Fission made on Aug. 26.

TSX-V most active issues


    Volume  
Company Symbol (000s) High Low Close Change
Fission Uran FCU 16659 1.39 1.22 1.24 - 0.1
Donner Metals DON 12130 0.02 0.01 0.01 - 0.02
Matamec Expl MAT 10635 0.26 0.15 0.15 - 0.06
Habanero Res HAO 7182 0.02 0.02 0.02   0
Canada Carbon CCB 5768 0.28 0.16 0.27 + 0.11
Unigold UGD 4933 0.09 0.07 0.08   0
Caribou King R CKR 4414 0.06 0.04 0.06 + 0.02
Graphite One R GPH 4324 0.14 0.13 0.14   0
Metanor Res MTO 4221 0.21 0.18 0.21 + 0.01
Pelangio Expl PX 4006 0.1 0.09 0.09 - 0.01

TSX-V greatest percentage change


    Volume  
Company Symbol (000s) High Low Close Change
Goldstar Mnls GDM 25 0.15 0.09 0.15 + 2899.9
Red Mile Mnls RDM 312 0.03 0.01 0.03 + 500
Prominex Res PXR 337 0.04 0.02 0.04 + 250
Abington Res ABL 52 0.12 0.06 0.12 + 140
Green Swan Cap GSW 360 0.12 0.03 0.12 + 140
Iconic Mnls ICM 203 0.05 0.02 0.05 + 125
New Dimen Res NDR 615 0.03 0.02 0.03 + 100
Granite Ck Gld GCX 13 0.09 0.08 0.09 + 100
Lounor Expl LO 552 0.01 0.01 0.01 + 100
Greenock Res GKR 78 0.01 0.01 0.01 + 100
Donner Metals DON 12130 0.02 0.01 0.01 - 80
Iron South Mng IS 44 0.02 0.02 0.02 - 62.5
Fire River Gol FAU 272 0.01 0.01 0.01 - 50
Menika Mining MML 15 0.01 0.01 0.01 - 50
Canadn Arrow CRO 1311 0.02 0.01 0.01 - 50
Next Gen Mtls N 235 0.01 0.01 0.01 - 50
Corazon Gold CGW 531 0.01 0.01 0.01 - 50
Hudson River M HRM 22 0.01 0.01 0.01 - 50
Northern Abiti NAI 50 0.01 0.01 0.01 - 50
Troymet Expl TYE 117 0.01 0.01 0.01 - 50

TSX-V greatest value change


Company Symbol Change Close Change
Lumina Copper LCC 113769 4.22 + 0.25
Astur Gold AST 402000 0.55 + 0.17
Cordoba Mnls CDB 976791 0.75 + 0.16
Avino Silver ASM 88896 1.62 + 0.15
Goldstar Mnls GDM 24600 0.15 + 0.15
Banks Island G BOZ 307355 0.82 + 0.13
Ascot Res AOT 92455 0.97 + 0.12
Bullman Mnls BUL 430000 0.32 + 0.12
Canada Carbon CCB 5768246 0.27 + 0.11
Cayden Res CYD 469027 1.55 + 0.11
Kennady Diam KDI 243252 4.99 - 1.21
Reservoir Mnls RMC 126284 4.15 - 0.2
Alpha Mnls AMW 1696365 6.73 - 0.18
Newstrike Cap NES 154215 0.88 - 0.15
Zenyatta Vent ZEN 1175118 3.78 - 0.13
Gold Reach Res GRV 39303 1.19 - 0.11
Timberline Res TBR 45900 0.21 - 0.1
Gold Std Vnt GSV 141965 0.6 - 0.1
Fission Uran FCU 16658860 1.24 - 0.1
Colorado Res CXO 1302517 0.35 - 0.09


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Related News
Kennady Diamonds expands drill program at Kennady North
Fipke's Northern Uranium thinks outside the basin in Manitoba
TSX Venture loses ground for a second week, July 14-18
Related Press Releases
Kennady Diamonds Updates Kelvin Kimberlite Drilling
Kennady Diamonds Commences Kennady North Summer Drill Program
Sandstorm Metals & Energy Announces Closing of Arrangement with Sandstorm Gold
 



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