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 Aug 11 - 17, 2014 Volume 100 Number 26 - 0 comments

TSX Venture loses ground, July 28-Aug. 1

TEXT SIZE bigger text smaller text
2014-08-06

The S&P/TSX Venture Composite Index had a rough week during the trading period, as it lost 1.7%, or 16.81 points, en route to a 1,000.63-point close. Commodity futures were down across the board, with global economic concerns — including a weaker-than-expected U.S. jobs report and the Argentine debt default — contributing to investor concerns.

December contracts for gold bullion lost US$13.50 during weekly trading en route to a US$1,294.80 per oz. close. Meanwhile, crude oil futures also finished in the red, with September contracts for West Texas Intermediate dropping 3.8%, or US$3.85, before closing out the trading period at US$97.88 per barrel. September contracts for copper lost US2.8¢ before finishing the week at US$3.22 per lb.

Industrial raw materials outfit Athabasca Minerals was on the rise after releasing its second-quarter results. The company gained 18¢ during weekly trading before closing at $2.55 per share on 1.1 million shares. On July 30 Athabasca announced it had sold 1.4 million tonnes of aggregate during the quarter and registered total revenue of $3.5 million. The company reported that aggregate sales had picked up “significantly,” with ramped up construction after slow demand during the first half of fiscal 2014.

The company has 426,000 tonnes of gravel and 437,000 tonnes of sand at five inventory locations, which it expects to sell during the second half. Athabasca also began aggregate production at its Cowper aggregate operation, which is its fourth corporate-owned pit.

Bacanora Minerals trended downward following its excursion onto the London Stock Exchange. The company lost 20¢ during the week before closing at $1.25 per share. On July 25 the company announced it had been admitted to the Alternative Investment Market (AIM) of the London Stock Exchange, where it closed an $8.7-million brokered financing of 14.4 million shares at a price of 60.5¢ per share. U.K.-based Rare Earth Minerals picked up 1.4 million shares on the AIM, which brought the company’s interest in Bacanora to 12%. Bacanora is advancing its Magdalena borate project and Sonora lithium project in Mexico.

Red Pine Exploration led the volume category after saying it would likely pull the plug on its Cayenne polymetallic project, 110 km southwest of Timmins, Ont. The company traded 8.1 million shares before closing at 1¢ per share. On July 31 Red Pine reported that 11 drill holes completed early this year at Cayenne hit no significant mineralization.

TSX-V most active issues


    Volume  
Company Symbol (000s) High Low Close Change
Red Pine Expl RPX 8087 0.02 0.01 0.01 - 0.01
Fieldex Expl FLX 5969 0.01 0.01 0.01   0
Nemaska Lith NMX 5511 0.2 0.16 0.17 + 0.01
Corsa Coal CSO 5027 0.29 0.24 0.26 + 0.02
Seafield Res SFF 4911 0.01 0.01 0.01   0
Fission Uran FCU 4569 1.34 1.23 1.28 + 0.04
El Tigre Silvr ELS 4063 0.5 0.14 0.39 + 0.24
Prime Merid Rs PMR 4030 0.02 0.02 0.02   0
New Millennium PGM 3821 0.44 0.34 0.44 + 0.07
Canterra Mnls CTM 3540 0.14 0.08 0.13 + 0.06

TSX-V greatest percentage change


    Volume  
Company Symbol (000s) High Low Close Change
El Tigre Silvr ELS 4063 0.5 0.14 0.39 + 160
E-Energy Vent EEV 50 0.01 0.01 0.01 + 100
Frontline Gold FGC 419 0.01 0.01 0.01 + 100
Tri Origin Exp TOE 1103 0.03 0.02 0.02 + 100
China Mnls Mng CMV 81 0.01 0.01 0.01 + 100
Terra Firma Rs TFR 60 0.01 0.01 0.01 + 100
Canadn Plat CPC 485 0.01 0.01 0.01 + 100
Greenflag Vent GFV 206 0.08 0.05 0.08 + 87.5
Geodex Mnrls GXM 2789 0.1 0.03 0.07 + 85.7
Canterra Mnls CTM 3540 0.14 0.08 0.13 + 78.5
Red Mile Mnls RDM 319 0.03 0.01 0.01 - 60
Brookemnt  Cpt BKT 10 0.01 0.01 0.01 - 50
Plato Gold PGC 15 0.01 0.01 0.01 - 50
Blind Crk Res BCK 302 0.01 0.01 0.01 - 50
Orefinders Res ORX 100 0.09 0.08 0.08 - 50
Mainstream Mnl MJO 12 0.01 0.01 0.01 - 50
NQ Expl NQE 305 0.02 0.01 0.01 - 50
Red Pine Expl RPX 8087 0.02 0.01 0.01 - 50
Saville Res SRE 56 0.07 0.05 0.06 - 45
Electra Gold ELT 97 0.07 0.06 0.06 - 45

TSX-V greatest value change


Company Symbol Change Close Change
Bear Creek Mng BCM 208039 3.49 + 0.45
Kennady Diam KDI 104989 6.05 + 0.25
El Tigre Silvr ELS 4063260 0.39 + 0.24
Athabasca Mnls ABM 1086666 2.55 + 0.18
Reservoir Capt REO 564680 0.36 + 0.11
Northern Graph NGC 1779233 1.18 + 0.11
Bullman Mnls BUL 136000 0.3 + 0.1
New Millennium PGM 3820912 0.44 + 0.07
Iron Tank Res TNK 1176097 0.19 + 0.07
Metalex Vent MTX 87500 0.14 + 0.06
Lumina Copper LCC 1410126 10.37 - 0.3
Marlin Gold MLN 12102 1.15 - 0.2
Bacanora Mnls BCN 2798232 1.25 - 0.2
Arian Silver AGQ 10850 0.6 - 0.18
Probe Mines PRB 107656 2.32 - 0.13
Atac Res ATC 531556 1.06 - 0.13
Gold Reserve GRZ 72565 4.25 - 0.11
Great Quest Me GQ 215764 1.84 - 0.11
Lara Expl LRA 181667 0.74 - 0.09
Callinan Royal CAA 195715 1.82 - 0.09


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

Related News
TSX Venture on the rise, Aug. 25-29
Dundee initiates coverage of Athabasca Minerals
Venture slides, June 23-27
Related Press Releases
Athabasca Announces Changes to Management Team
Red Pine Exploration Announces Acquisition of Quebec Silica Property
Athabasca Minerals Inc. Announces Record Revenue and Strong Net Income During Q3 2014
 



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