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TABLE OF CONTENTS Dec 23 - 29, 2013 Volume 99 Number 45 - 0 comments

TSX Venture Exchange, Dec. 9-13

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2013-12-18

The S&P/TSX Venture Composite Index declined for a second straight week during the trading sessions, with a sell-off heading into the holiday season resulting in a 2.4%, or 22.18-point loss, en route to a 894.47-point close. Word on the U.S. Federal Reserve stimulus programs are set to influence markets, while China’s Communist party commented that the world’s second-largest economy will need reforms to elevate downward pressure.

Gold futures couldn’t generate much momentum, with February contracts for bullion rising US$10.29 during weekly trading before closing at US$1,238.10 per oz. The story is similar for crude oil, as February contracts for West Texas Intermediate closed out the trading period relatively flat at US$96.49 per barrel. Copper is a bright spot, with March contracts for the red metal rising 1.8%, or US6¢ during the week, en route to a US$3.31 per lb. close.

Copper junior Pacific Booker Minerals led the value-added category during the week after announcing that the B.C. Supreme Court had set aside a decision by the B.C. government to deny the company an environmental-assessment certificate (EAC) for its Morrison Lake copper–gold project, 65 km north of Smithers. Pacific Booker jumped $2.52 on 1 million shares traded during the week, before closing at $6.71 per share.

In October 2012 the B.C. government refused to issue the company an EAC, citing potentially negative effects on water quality and local salmon populations. In early April Pacific Booker filed a petition with the Supreme Court in an attempt to nullify the government’s decision.

On Dec. 11 the company announced it had succeeded, with Justice Kenneth Affleck stating that the previous permitting process “failed to comport with the requirements of procedural fairness.” The decision also indicates that “the company’s application for an environmental certificate be remitted to the current ministers for reconsideration.”

Silver producer Aurcana topped the value-lost category, as the company struggles with development delays at its Shafter mine in Presidio County, Texas. Aurcana dropped 14¢ on 2.1 million shares traded during weekly trading, en route to a $1.10-per-share close.

The company was hoping to fund Shafter’s development from cash flow at its La Negra mine, located 180 km north of Mexico City, but delays and rising costs are triggering doubts over the company’s capital position. During the third quarter Aurcana reported it had increased silver-equivalent production by 5% year-on-year to 754,800 oz. silver, at total cash costs of US$6.45 per oz.

TSX-V most active issues


    Volume  
Company Symbol (000s) High Low Close Change
Northern Gld M NGM 14135 0.04 0.02 0.03 - 0.01
Corsa Coal CSO 11287 0.18 0.15 0.18 + 0.03
Galaxy Cap GXY 10546 0.08 0.02 0.05 + 0.02
Red Pine Expl RPX 9710 0.07 0.04 0.07 + 0.02
Anglo Swiss ASW 8066 0.02 0.01 0.01 - 0.01
IBC Adv Alloys IB 8009 0.18 0.13 0.14 - 0.03
Rusoro Mng RML 7673 0.03 0.03 0.03   0
Xmet XME 7622 0.16 0.07 0.15 + 0.08
Belvedere Res BEL 7530 0.02 0.01 0.01   0
Nevada Clean M NVM 6779 0.11 0.05 0.07 + 0.02

TSX-V greatest percentage change


    Volume  
Company Symbol (000s) High Low Close Change
Amanta Res AMH 721 0.03 0.01 0.03 + 500
Paget Mnls PGS 1277 0.03 0.01 0.03 + 150
Xmet XME 7622 0.16 0.07 0.15 + 123
Gimus Res GIR 1368 0.19 0.1 0.12 + 118.1
La Quinta Res LAQ 59 0.01 0.01 0.01 + 100
Deer Horn Mtls DHM 621 0.01 0.01 0.01 + 100
Firestone Vent FV 121 0.01 0.01 0.01 + 100
Intl Millm Mng IMI 190 0.04 0.02 0.04 + 100
Jet Gold JAU 825 0.01 0.01 0.01 + 100
Canuc Res CDA 360 0.03 0.02 0.03 + 100
Pac Iron Ore POC 610 0.02 0.01 0.01 - 66.6
Satori Res BUD 26 0.01 0.01 0.01 - 66.6
Compass Gold CVB 805 0.02 0.01 0.01 - 66.6
Oceanside Cap OCC 20 0.04 0.02 0.02 - 63.6
Parlane Res PPP 321 0.06 0.03 0.03 - 62.5
BCM Res B 235 0.04 0.03 0.03 - 62.5
Pac Casc Minls PCV 1099 0.02 0.01 0.01 - 60
Columbia Yukon CYU 322 0.02 0.01 0.01 - 60
Canyon Copper CNC 49 0.01 0.01 0.01 - 50
Colibri Res CBI 137 0.01 0.01 0.01 - 50

TSX-V greatest value change


Company Symbol Change Close Change
Pac Booker Min BKM 100980 6.71 + 2.52
Kennady Diam KDI 47127 5.65 + 0.4
Reservoir Mnls RMC 312422 5.6 + 0.18
Zenyatta Vent ZEN 1504747 2.45 + 0.14
Santacruz Silv SCZ 549361 0.99 + 0.13
Sandstorm Mt&E SND 1184706 1.21 + 0.13
Newstrike Cap NES 184888 0.65 + 0.1
Karmin Expl KAR 22000 0.25 + 0.09
Arian Silver AGQ 28194 0.45 + 0.09
Mason Graphite LLG 4592242 0.56 + 0.08
Aurcana Corp AUN 2064195 1.1 - 0.14
Brazil Res BRI 973249 0.5 - 0.13
Atacama Pac Gd ATM 50700 0.76 - 0.13
Midland Expl MD 43175 0.64 - 0.11
Athabasca Mnls ABM 172960 1.54 - 0.11
Gold Reserve GRZ 29633 3.54 - 0.11
BE Res BER 13000 0.3 - 0.09
Giyani Gold WDG 757800 0.38 - 0.09
Ascot Res AOT 61525 0.74 - 0.09
Chesapeake Gld CKG 40255 2.9 - 0.09


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