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TABLE OF CONTENTS Mar 24 - 30, 2014 Volume 100 Number 6 - 0 comments

TSX Venture loses ground, March 10-14

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2014-03-19

The S&P/TSX Venture Composite Index lost 9.35 points during weekly trading en route to a 1,033.64-point close. Reports out of China indicated growth rates across industrial sectors had dropped to multi-year lows, while markets also monitored the ongoing Russia–Ukraine stand-off.

April contracts for gold bullion jumped 3.4%, or US$44.80 during the trading period, before closing at US$1,383.20 per oz. Crude oil lost ground for a second straight week, as May contracts for West Texas Intermediate dropped 3.3%, or US$3.36, en route to a US$99.05-per-barrel close. Copper futures got pummelled, with May contracts for the red metal closing down US7¢ at US$2.94 per lb.

Gold junior Nevada Sunrise Gold soared 93% during the week thanks to strong drill results from its joint-venture partner at the Kinsley Mountain project, 160 km southeast of Elko, Nev. The company closed up 41¢ at 85¢ per share on 1.2-million shares traded.On March 12 operator Pilot Gold — which holds a 79% interest in Kinsley alongside Nevada Sunrise — released results from stepout drilling that supported Pilot’s theory that Kinsley could host “significant high-grade gold mineralization” below historically tested depths. Results are highlighted by hole 131C at the Western Flank target, which cut 43 metres of 10.5 grams gold per tonne. Meanwhile, drilling 500 metres south at the Right Spot target returned a near-surface, oxide gold interval of 3.57 grams gold over 11.5 metres in hole 130C.

Peru-focused Panoro Minerals shot up the volume-traded ranks during the week after producer Hudbay Minerals increased its equity stake in the junior. Panoro traded 10.2 million shares during the trading period, as Hudbay picked up 10 million shares at 28¢ per share. The purchase was made on the TSX Venture Exchange pursuant to a private agreement and represents 4.9% of Panoro’s outstanding shares. Hudbay now owns 23 million shares of Panoro for an 11% stake. Hudbay is completing construction at its Constancia copper mine in southeastern Peru, while Panoro controls more than 10 early stage projects in the region, with its resource-stage Cotabambas and Antilla projects being the most advanced.

Project-generator Reservoir Minerals enjoyed a 30¢ jump during weekly trading en route to a $7.43-per-share close. On March 12 the company announced it had augmented its board of directors and adopted a shareholder-rights plan, pursuant to any potential takeover bid for the company.

TSX-V most active issues


    Volume  
Company Symbol (000s) High Low Close Change
Satori Res BUD 42655 0.14 0.05 0.12 + 0.08
Fission Uran FCU 11775 1.7 1.56 1.59 - 0.08
Panoro Minls PML 10180 0.3 0.28 0.28   0
Big North Grap NRT 9320 0.09 0.07 0.08 + 0.01
Thelon Cap THC 8994 0.11 0.06 0.09 + 0.03
Midlands Minls MEX 8292 0.04 0.03 0.03   0
Brookemnt  Cpt BKT 8093 0.04 0.03 0.03   0
True North Gem TGX 7777 0.12 0.09 0.1 - 0.04
Graphite One R GPH 6729 0.25 0.19 0.23 - 0.01
Metanor Res MTO 6244 0.28 0.23 0.26 + 0.03

TSX-V greatest percentage change


    Volume  
Company Symbol (000s) High Low Close Change
Zinco Mng ZIM 204 0.07 0.04 0.07 + 1300
Satori Res BUD 42655 0.14 0.05 0.12 + 228.5
Cassius Vent CZ 38 0.02 0.02 0.02 + 200
Reliant Gold REC 344 0.03 0.02 0.03 + 150
Grizzly Discvr GZD 1571 0.12 0.04 0.09 + 142.8
Tanqueray Expl TQY 10 0.05 0.03 0.05 + 125
Nikos Expl NIK 443 0.15 0.09 0.12 + 118.1
Canadn Plat CPC 217 0.01 0.01 0.01 + 100
Rockland Mnls RL 463 0.06 0.02 0.06 + 100
Murgor Res MGR 2357 0.03 0.02 0.02 + 100
Electra Gold ELT 79 0.01 0.01 0.01 - 50
Network Expl NET 12 0.01 0.01 0.01 - 50
Regent Vents REV 20 0.01 0.01 0.01 - 50
Silver Spruce SSE 2202 0.01 0.01 0.01 - 50
Bonterra Res BTR 80 0.01 0.01 0.01 - 50
Stroud Res SDR 433 0.01 0.01 0.01 - 50
Goldex Res GDX 57 0.08 0.05 0.06 - 40
White Pine Res WPR 26 0.14 0.1 0.11 - 38.8
Endurance Gold EDG 150 0.08 0.05 0.05 - 37.5
Great Atlantic GR 2386 0.03 0.03 0.03 - 37.5

TSX-V greatest value change


Company Symbol Change Close Change
Probe Mines PRB 1237394 3.76 + 0.41
Nevada Sunrise NEV 1248640 0.85 + 0.41
Tasman Metals TSM 1246589 1.77 + 0.34
Reservoir Mnls RMC 207764 7.43 + 0.3
Anfield Nickel ANF 238995 2.12 + 0.17
Cayden Res CYD 257993 1.85 + 0.15
Gold Reserve GRZ 16749 3.53 + 0.14
Newstrike Cap NES 314573 1 + 0.13
Kennady Diam KDI 25600 4.8 + 0.12
Sandspring Res SSP 1146631 0.42 + 0.11
Great Quest Me GQ 190731 1.75 - 0.24
Lumina Copper LCC 114390 5 - 0.2
Falco Pac Res FPC 904939 0.59 - 0.11
Bullman Mnls BUL 10000 0.3 - 0.1
Callinex Mines CNX 274376 0.5 - 0.1
Aurcana Corp AUN 938696 1.05 - 0.09
Brazil Res BRI 1089374 1.21 - 0.09
Geomega Res GMA 1768615 0.66 - 0.08
Fission Uran FCU 11775314 1.59 - 0.08
Forum Uranium FDC 545493 0.44 - 0.07

 

 



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