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TABLE OF CONTENTS May 5 - 11, 2014 Volume 100 Number 12 - 0 comments

TSX Venture hits four-week high, April 21-25

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2014-04-30

The S&P/TSX Venture Composite Index managed a 1.5% — or 14.82-point gain — during the trading sessions before closing at a four-week high of 1,013.59 points. Gains were underpinned by rising precious and base-metal prices despite reports that China’s economic growth had slowed for a fourth straight month in April. Statistics Canada reported that the country’s retail sales jumped in February, while the Canadian dollar closed the week at US90.63¢.

Gold futures jumped late in the week amid rising tensions in Ukraine, with June contracts for bullion closing up US$8.30 at US$1,303.20 per oz. Copper futures also finished in the green, as July contracts for the red metal gained US7.4¢ en route to a US$3.12 per lb. weekly close. Meanwhile, June contracts for West Texas Intermediate oil lost US$3.93 during the trading period before closing at US$100.65 per barrel.

Val-d’Or based Abitibi Royalties led the value-added category, courtesy of producer Osisko Mining. Abitibi rose 75¢ during weekly trading en route to a $1.50 close, on 94,361 shares traded.

Abitibi Royalties holds a 30% stake in the CHL property — which hosts Odyssey North as well as the resource-stage Barnat expansion and Jeffrey zone — under a joint-venture agreement with Osisko. Abitibi also owns a 2% net smelter return royalty on the Gouldie deposit south of Canadian Malartic, which Osisko recently put into production.

Streaming outfit Sandstorm Metals and Energy also had a strong week after a takeover bid from sister company Sandstorm Gold. Sandstorm Metals gained 46¢ during the trading period on 2.4 million shares traded before closing at $1.42 per share.

On April 21 the companies announced a deal that would see Sandstorm Gold acquire Sandstorm Metals for 0.178 of a share and 35¢ in cash for each Sandstorm Metals share. The offer values Sandstorm Metals at $49 million, or a 43% premium.

Nevada Sunrise Gold also jumped 28¢ on 1.6 million shares traded during the week, en route to a $1.16-per-share close.

On April 23 Pilot Gold released assays from an infill and step-out program at the Kinsley Mountain gold project 160 km southeast of Elko, Nev. Nevada Sunrise holds 29% in the asset, where Pilot reported results from the final five holes of 3,500-metre year-end drill campaign.

Step-out hole 133C cut 30 metres of 10.6 grams gold, while infill drilling highlighted 29 metres of 21.3 grams gold in hole 137C. Pilot reported that the upper part of the intercept in 137C — including an interval grading 46.4 grams gold over 4.9 metres — is oxidized, similar to nearby targets.

TSX-V most active issues


    Volume  
Company Symbol (000s) High Low Close Change
Malbex Res MBG 13585 0.06 0.03 0.04 + 0.02
Paget Mnls PGS 8859 0.02 0.01 0.01 - 0.01
Mukuba Res MKU 8333 0.01 0.01 0.01   0
KWG Res KWG 8166 0.08 0.07 0.07   0
MacMillan Mnls MMX 8104 0.06 0.01 0.03 + 0.02
Fission Uran FCU 7417 1.47 1.3 1.31 - 0.09
Golden Tag GOG 7191 0.05 0.03 0.04 - 0.02
EurOmax Res EOX 6830 0.15 0.09 0.14 + 0.05
Argentum Silvr ASL 6655 0.04 0.02 0.02 - 0.03
Satori Res BUD 6636 0.08 0.05 0.06 + 0.01

TSX-V greatest percentage change


    Volume  
Company Symbol (000s) High Low Close Change
Cassius Vent CZ 151 0.11 0.01 0.11 + 950
Manson Creek MCK 157 0.08 0.02 0.08 + 300
MacMillan Mnls MMX 8104 0.06 0.01 0.03 + 200
Green Valley M GVY 2391 0.02 0.01 0.02 + 200
Inlet Res INL 70 0.3 0.19 0.3 + 118.5
Frontline Gold FGC 11 0.01 0.01 0.01 + 100
African Metals AFR 236 0.01 0.01 0.01 + 100
Celeste Copper C 14 0.01 0.01 0.01 + 100
Hudson River M HRM 120 0.01 0.01 0.01 + 100
Goldspike Expl GSE 60 0.1 0.08 0.1 + 100
Thunder Mtn Gd THM 44 0.1 0.04 0.04 - 72
Argentum Silvr ASL 6655 0.04 0.02 0.02 - 60
Sultan Mnrls SUL 10 0.01 0.01 0.01 - 50
Bonterra Res BTR 95 0.01 0.01 0.01 - 50
Paget Mnls PGS 8859 0.02 0.01 0.01 - 50
Gentor Res GNT 25 0.16 0.15 0.16 - 38
Gold Ridge Exp GEA 27 0.04 0.04 0.04 - 33.3
Copper One CUO 316 0.07 0.06 0.06 - 33.3
Gossan Res GSS 27 0.03 0.02 0.02 - 33.3
Orestone Mng ORS 32 0.02 0.02 0.02 - 33.3

TSX-V greatest value change


Company Symbol Change Close Change
Abitibi Royalt RZZ 94361 1.5 + 0.75
Kennady Diam KDI 28137 5 + 0.67
Sandstorm Mt&E SND 2387288 1.42 + 0.46
Reservoir Mnls RMC 322620 6.63 + 0.38
Gold Reserve GRZ 19031 3.5 + 0.3
Nevada Sunrise NEV 1598836 1.16 + 0.28
Titanium Corp TIC 3773416 1.97 + 0.25
Zenyatta Vent ZEN 475960 3.32 + 0.25
Atac Res ATC 809538 1.3 + 0.2
Avino Silver ASM 61933 1.84 + 0.19
Athabasca Mnls ABM 154057 1.78 - 0.14
Tasman Metals TSM 94944 1.44 - 0.13
Brazil Res BRI 719372 0.89 - 0.11
Transition Mtl XTM 156527 0.39 - 0.11
Midland Expl MD 11650 0.8 - 0.1
Gentor Res GNT 25000 0.16 - 0.1
Huakan Intl Mg HK 40067 0.38 - 0.1
Thunder Mtn Gd THM 44000 0.04 - 0.09
Fission Uran FCU 7417161 1.31 - 0.09
Lumina Copper LCC 99078 4.94 - 0.08


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