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 Nov 18 - 24, 2013 Volume 99 Number 40 - 0 comments

TSX Venture Exchange, Nov. 4-8

TEXT SIZE bigger text smaller text
2013-11-13

The S&P/TSX Venture Composite Index slid during the trading week, down 17.92 points, or 1.8% to 937.41, despite strong jobs data.

Canada’s unemployment rate remained at 6.9%, while the U.S. created a surprising 204,000 jobs last month, well above the expected 125,000. But the jobless rate crept up to 7.3% from 7.2%, mainly due to the U.S. federal shutdown in October, where 80,000 workers took a 16-day unpaid leave.

Toronto-based Xmet was one of the top-percentage gainers, jumping 150% to 3¢ after announcing it has acquired the Blackflake project near Zenyatta Ventures’ Albany graphite discovery in northeastern Ontario. Xmet says Blackflake has a “strong potential to host a high-purity hydrothermal vein-type graphite deposit, similar to Zenyatta’s recent discovery.” Xmet intends to initiate an airborne electromagnetic survey on Blackflake shortly.

Majescor Resources completed a 10-for-1 share consolidation on Nov. 7, likely to improve its flagging share price. It ended the week up 140% at 12¢. Majescor holds exploration projects in Madagascar, Haiti and Quebec.

Kennady Diamonds led the value gainers, climbing 40¢ to $6.55 on no news. Its latest announcement came in October, when it closed a $5-million bought-deal private placement of flow-through shares.

Junior producer Avino Silver & Gold Mines got a share-price boost, adding 23¢ to $1.40 after releasing positive results from sampling along Level 5 of the San Gonzalo vein. Its San Gonzalo mine is on the Avino property near Durango, Mexico. The sampling shows higher silver and gold grades, and improved vein continuity.

North Arrow Minerals rose after unveiling diamond results from the Pikoo project in Saskatchewan. On Nov. 5, the firm reported that a 209.7 kg sample from the PK150 kimberlite produced 745 diamonds larger than the 0.106 mm sieve size, including 23 diamonds larger than the 0.85 mm sieve size. More than 95% of the diamonds are described as “intact white octahedrons and aggregates.” North Arrow finished up 20¢ at 60¢. It climbed another 28%, or 17¢, to close Nov. 11 at 77¢.

Discovery Ventures was one of the week’s most traded stocks, with 8.5 million shares changing hands, after reporting that it intends to take over a subsidiary of Roca Mines, and has lined up a $2-million, non-brokered private placement that could help fund the proposed $5.7-million transaction. The acquisition would give Discovery the Max mine property, which includes the past-producing underground molybdenum mine and processing facilities in B.C., among other assets. The company closed down 1¢ at 22¢.

TSX-V most active issues


    Volume  
Company Symbol (000s) High Low Close Change
Red Pine Expl RPX 8869 0.05 0.04 0.05   0
Discovery Vent DVN 8526 0.24 0.2 0.22 - 0.01
KWG Res KWG 7311 0.06 0.05 0.05 + 0.01
Northern Iron NFE 5942 0.02 0.01 0.02 + 0.01
NWM Mng NWM 5685 0.01 0.01 0.01 - 0.01
Revolver Res RZ 5259 0.03 0.02 0.03 + 0.01
Graphite One R GPH 5250 0.2 0.18 0.18 - 0.01
Xmet XME 5000 0.03 0.02 0.03 + 0.02
Great Western GWG 4544 0.09 0.07 0.07 - 0.02
True Gold Mng TGM 4003 0.35 0.3 0.32 - 0.01

TSX-V greatest percentage change


    Volume  
Company Symbol (000s) High Low Close Change
Unity Energy UTY 71 0.11 0.08 0.08 + 300
Xmet XME 5000 0.03 0.02 0.03 + 150
Majescor Res MJX 88 0.12 0.01 0.12 + 140
Cortez Gold CUT 427 0.03 0.01 0.03 + 100
Nomad Ventures NMD 49 0.01 0.01 0.01 + 100
Lorraine Coppr LLC 239 0.02 0.01 0.02 + 100
Ditem Explor DIT 158 0.01 0.01 0.01 + 100
El Condor Mnls LCO 1050 0.02 0.01 0.01 + 100
Electra Gold ELT 286 0.01 0.01 0.01 + 100
Fieldex Expl FLX 100 0.01 0.01 0.01 + 100
Red Mile Mnls RDM 1160 0.02 0.01 0.01 - 66.6
Valhalla Res VH 1038 0.01 0.01 0.01 - 50
Actus Mnls AAC 22 0.01 0.01 0.01 - 50
Strike Minls STK 1331 0.01 0.01 0.01 - 50
Cobalt Coal CCF 211 0.01 0.01 0.01 - 50
Jiminex JIM 95 0.02 0.01 0.01 - 50
Whetstone Mnls WMI 73 0.01 0.01 0.01 - 50
Threegold Res THG 135 0.02 0.01 0.01 - 50
NWM Mng NWM 5685 0.01 0.01 0.01 - 50
Alexander Nubi AAN 170 0.04 0.02 0.02 - 50

TSX-V greatest value change


Company Symbol Change Close Change
Kennady Diam KDI 189985 6.55 + 0.4
Avino Silver ASM 79156 1.4 + 0.23
North Arrow Mn NAR 650686 0.6 + 0.2
Anfield Nickel ANF 40313 2.25 + 0.19
Athabasca Mnls ABM 614756 1.68 + 0.16
Chesapeake Gld CKG 37062 3.27 + 0.14
BE Res BER 144650 0.37 + 0.11
Lumina Copper LCC 129784 5.41 + 0.09
Sarama Res SWA 96000 0.25 + 0.09
Bacanora Mnls BCN 769523 0.5 + 0.09
Aurcana Corp AUN 827586 1.44 - 0.42
Reservoir Mnls RMC 271105 4.28 - 0.22
Arian Silver AGQ 235800 0.45 - 0.19
Bear Creek Mng BCM 324689 2.03 - 0.19
Almonty Ind AII 11624 0.75 - 0.15
Mirasol Res MRZ 108270 0.92 - 0.13
SilverCrest Mn SVL 683052 1.65 - 0.12
Atacama Pac Gd ATM 21090 1 - 0.12
Bullman Mnls BUL 18000 0.3 - 0.12
Newstrike Cap NES 191977 0.76 - 0.11


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

Related News
TSX Venture closes in the red, Sept. 15-19
TSX Venture declines for a second week, Aug. 5-8
Kennady climbs on more high-grade diamond results
Related Press Releases
Discovery Ventures - MAX Mill Improvements Underway
Stock Option Grant
Discovery Ventures-MAX Mine Dam Safety Inspection Underway
 



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