FREE ARTICLE PREVIEW: You are enjoying a free sample of exclusive
subscriber content. There is a limit of three free articles per week.

TABLE OF CONTENTS Feb 17 - 23, 2014 Volume 100 Number 1 - 0 comments

TSX Venture Exchange, Feb. 3-7

TEXT SIZE bigger text smaller text
2014-02-12

The S&P/TSX Venture Composite Index rallied during the trading sessions after two consecutive weeks in the red, as it jumped 1.1%, or 10.78 points, en route to a 962.10-point close. Markets were bolstered by rising metal and energy futures, as well as positive January jobs data that indicated that the Canadian economy had registered its biggest monthly employment gain since August 2013.

Gold futures bounced back after falling toward a three-week low at the end of January, with April contracts rising 1.9%, or US$23.30 during weekly trading, before closing out the period at US$1,267 per oz. Meanwhile, crude oil futures rallied to a four-week high, as March contracts for West Texas Intermediate jumped 3.6%, or US$3.45, en route to a US$100.09-per-barrel close. Copper futures also recovered from a soft spell at the end of January, with March contracts closing up 2.1%, or US6.6¢, at US$3.25 per lb.

Shares of graphite explorer Zenyatta Ventures rose 28¢ on 1.4 million shares traded to $2.18. On Feb. 4 the company announced an initial geological model for its wholly owned Albany graphite deposit in northeastern Ontario, as well as more funding from the federal government to keep researching at the project.

Zenyatta has been studying Albany alongside Lakehead University’s geology department, with financial support from the National Research Council of Canada’s industrial assistance program for metallurgical testing. The company reports that the discovery represents “a unique example of a hydrothermal graphite deposit in which a large volume of highly crystalline, fluid-deposited graphite occurs within an igneous host.”

The government awarded a second collaborative research grant through the Natural Sciences and Engineering Research Council to carry out more studies at Albany.

It was a strong week for producer Avino Silver & Gold Mines after a January production update from its Gonzalo mine near Durango, Mexico. Shares rose 22¢ on 846,350 traded to $2.11. On Feb. 4 Avino released details on its Gonzalo and Avino mine surface-stockpile operations. The company reported a 27% month-to-month increase in its silver equivalent production to 105,600 oz., thanks to higher average silver and gold feed grades at San Gonzalo.

Shares of Mexico-focused junior Oroco Resource climbed 144% on 1.6 million shares traded after a Federal Tribunal of Mexico granted the company’s appeal of a 2011 decision regarding its Xochipala gold project. Oroco rose 7¢ during the week before closing at 11¢ per share.

TSX-V most active issues


    Volume  
Company Symbol (000s) High Low Close Change
Nortec Mnls NVT 22732 0.02 0.02 0.02   0
MacDonald Mns BMK 21723 0.02 0.01 0.01 - 0.01
Oroco Res OCO 16112 0.12 0.04 0.11 + 0.07
Silver Spruce SSE 15780 0.01 0.01 0.01   0
Bear Lake Gold BLG 15102 0.04 0.02 0.02 - 0.02
Sparton Res SRI 14722 0.01 0.01 0.01   0
Fieldex Expl FLX 13457 0.01 0.01 0.01 - 0.01
Troymet Expl TYE 12039 0.01 0.01 0.01   0
Stroud Res SDR 10972 0.01 0.01 0.01   0
Sultan Mnrls SUL 10914 0.01 0.01 0.01 - 0.01

TSX-V greatest percentage change


    Volume  
Company Symbol (000s) High Low Close Change
Canyon Copper CNC 19 0.08 0.05 0.08 1500  
IEMR Res IRI 570 0.02 0.01 0.02 + 300
Reliant Gold REC 441 0.02 0.01 0.02 + 200
Frontline Gold FGC 1132 0.02 0.01 0.02 + 200
Oroco Res OCO 16112 0.12 0.04 0.11 + 144.4
Satori Res BUD 4984 0.05 0.02 0.05 + 125
Equitas Res EQT 1082 0.07 0.03 0.07 + 116.6
Fire River Gol FAU 2651 0.01 0.01 0.01 + 100
Conquest Res CQR 603 0.02 0.01 0.02 + 100
Altan Nev Mnls ANE 224 0.05 0.03 0.05 + 100
Tri Origin Exp TOE 7098 0.03 0.01 0.01 - 60
Wolf Res Dev WRD 142 0.09 0.07 0.07 - 59.3
BE Res BER 19 0.27 0.15 0.15 - 51.6
Aben Res ABN 1197 0.01 0.01 0.01 - 50
AMI Res AMU 269 0.06 0.03 0.03 - 50
Kazax Mnls KZX 179 0.1 0.05 0.05 - 50
Adex Mining ADE 3397 0.03 0.02 0.02 - 50
Bonterra Res BTR 2662 0.01 0.01 0.01 - 50
Duncan Park H DPH 100 0.01 0.01 0.01 - 50
Expedition Mng EXU 8363 0.02 0.01 0.01 - 50

TSX-V greatest value change


Company Symbol Change Close Change
SilverCrest Mn SVL 1506963 2.43 + 0.37
Tsodilo Res TSD 63994 1.47 + 0.35
Zenyatta Vent ZEN 1356783 2.18 + 0.28
Avino Silver ASM 846349 2.11 + 0.22
Nevada Sunrise NEV 204101 0.35 + 0.17
Atico Mng ATY 558512 0.75 + 0.14
Lara Expl LRA 132933 1.04 + 0.12
Ascot Res AOT 289069 1.05 + 0.11
Redhill Res RHR 296615 0.27 + 0.11
Atac Res ATC 1352393 0.8 + 0.1
Kennady Diam KDI 58373 4.03 - 0.72
Gold Reserve GRZ 26660 3.7 - 0.36
Pac Booker Min BKM 28631 6.69 - 0.24
Great Quest Me GQ 313180 1.43 - 0.22
Anfield Nickel ANF 92555 1.95 - 0.21
Energold Drill EGD 243850 1.64 - 0.21
Probe Mines PRB 886642 2.57 - 0.18
BE Res BER 19000 0.15 - 0.16
Alphamin Res AFM 39121 0.24 - 0.16
Reservoir Mnls RMC 439579 6.04 - 0.11


© 1915 - 2014 The Northern Miner. All Rights Reserved.

Related News
TSX Venture rebounds, Nov. 10-14
Gold majors lose their shine
Chilean court suspends El Morro project, again
Related Press Releases
Goldcorp signs important Resource Development Agreement with four First Nation communities in Timmins, Ontario
Goldcorp named to NASDAQ Global Sustainability Index
Avino Commissions Mill Circuit 3
 



Horizontal ruler
Horizontal Ruler

Post A Comment

Disclaimer
Note: By submitting your comments you acknowledge that Northern Miner has the right to reproduce, broadcast and publicize those comments or any part thereof in any manner whatsoever. Please note that due to the volume of e-mails we receive, not all comments will be published and those that are published will not be edited. However, all will be carefully read, considered and appreciated.

Your Name (this will appear with your post) *

Email Address (will not be published) *

Comments *



* mandatory fields