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TABLE OF CONTENTS Jun 23 - 29, 2014 Volume 100 Number 19 - 0 comments

TSX Venture on the rise, June 9-13

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2014-06-18

The S&P/TSX Venture Composite Index finished in the black for the second straight week, up 9.88 points to close at 997.33. Oil futures were driven upward by political instability in Iraq, while the U.S. Commerce Department reported retail sales rose for a fourth straight month in May. Meanwhile, the World Bank cut its global growth forecast after the world’s economies expanded less than anticipated in the first half of the year.

Crude oil futures closed near a nine-month high, with August contracts for West Texas Intermediate gaining 3.4%, or US$3.46 per barrel, before ending the period at US$106.17 per barrel. August contracts for gold bullion rose 1.6%, or US$19.90 per barrel, en route to a US$1,274.10 per oz. close, while July contracts for copper dropped US2.5¢ before finishing the week at US$3.03 per lb.

Nevada-focused Cadillac Mining gained 178%, or 12.5¢, after news that explorer Pilot Gold was acquiring the company in an all-share deal worth $6.4 million.

Cadillac shareholders will receive 0.12195 of a Pilot Gold share for each share held, which represents a 121% premium over the closing price of Cadillac shares as of June 12. The company traded 3.7 million shares during the week en route to a 20¢ close.

Pilot is picking up Cadillac’s past-producing Goldstrike project in southwestern Utah. The acquisition adds a second historic mine to Pilot’s portfolio, with the company working on its Kinsley Mountain gold project in southeast Elko County, Nev.

Investors appeared less than enthusiastic about the underground potential at Probe Mines’ Borden gold project near Chapleau, Ont. On June 10 the company released the  first model of Borden’s underground resource, which resulted in shares dropping 32¢ on 1.1 million traded before closing the week at $2.38.

Borden’s underground resource stands at 9.3 million indicated tonnes grading 5.39 grams gold per tonne for 1.6 million contained oz., while inferred resources tack on 3 million tonnes of 4.37 grams gold for 426,000 contained oz. All underground resources assume a 2.5-gram-gold cut-off grade. Open-pit resources total 70 million indicated tonnes at 1.03 grams gold for 2.3 million contained oz. at a 0.5 gram gold cut-off.

Explorer Bard Ventures completed a 3 for 1 share consolidation that saw the company decrease its shares outstanding to 5.7 million. With the move Bard completed a $400,000 non-brokered private placement, wherein it will place up to 8 million units at 5¢ per unit.

Bard gained 233% — or 5¢ per share during the week — en route to a 12¢ close. The company is exploring its Lone Pine gold–molybdenum project 15 km northwest of Houston, B.C.

TSX-V most active issues


    Volume  
Company Symbol (000s) High Low Close Change
Cypress Dev CYP 13168 0.04 0.02 0.03 + 0.01
Mega Precs Mtl MGP 6251 0.12 0.1 0.11 - 0.01
Pac Potash PP 6078 0.04 0.02 0.02 - 0.02
Orex Minls REX 5839 0.27 0.24 0.25 + 0.01
Aura Silver Rs AUU 5732 0.08 0.02 0.05 + 0.03
Gold Bulln Dev GBB 5252 0.04 0.03 0.03 + 0.01
Coronet Mtls CRF 4357 0.03 0.02 0.03 - 0.01
Eloro Minls ELO 4267 0.02 0.02 0.02   0
Robex Res RBX 4247 0.2 0.16 0.18 + 0.02
Mazorro Res MZO 4064 0.07 0.06 0.07   0

TSX-V greatest percentage change


    Volume  
Company Symbol (000s) High Low Close Change
MPH Vent MPS 103 0.09 0.07 0.09 + 1600
Bard Vent CBS 18 0.12 0.05 0.05 + 233.3
Odin Mng & Exp ODN 10 0.1 0.1 0.1 + 233.3
Hudson River M HRM 693 0.02 0.01 0.02 + 200
Cadillac Mng CQX 3740 0.21 0.08 0.2 + 178.5
Pac Wildcat Re PAW 532 0.04 0.01 0.04 + 166.6
Aura Silver Rs AUU 5732 0.08 0.02 0.05 + 150
Invenio Res IVO 195 0.04 0.02 0.04 + 133.3
Challenger Dee CDE 478 0.07 0.03 0.07 + 116.6
Firebird Res FIX 113 0.02 0.01 0.01 + 100
Blind Crk Res BCK 2997 0.01 0.01 0.01 - 50
Pac Potash PP 6078 0.04 0.02 0.02 - 50
Firestone Vent FV 1808 0.02 0.01 0.01 - 50
GTO Res GTR 274 0.06 0.05 0.06 - 45
Montero Mg&Ex MON 420 0.03 0.02 0.02 - 40
Caracara Silvr CSV 185 0.02 0.02 0.02 - 40
RockBridge Res RBE 50 0.04 0.03 0.03 - 37.5
Tawsho Mng TAW 60 0.08 0.05 0.05 - 37.5
Currie Rose Rs CUI 130 0.02 0.01 0.01 - 33.3
Crown Gold CWM 328 0.02 0.01 0.01 - 33.3

TSX-V greatest value change


Company Symbol Change Close Change
Lumina Copper LCC 152706 7.9 + 0.52
Abitibi Royalt RZZ 42996 2.8 + 0.33
Chesapeake Gld CKG 30086 3.1 + 0.25
Bear Creek Mng BCM 210195 2.35 + 0.25
Zenyatta Vent ZEN 439503 2.97 + 0.25
Avino Silver ASM 170797 2.05 + 0.22
EurOmax Res EOX 1067742 0.6 + 0.19
Arian Silver AGQ 28780 0.7 + 0.18
Cayden Res CYD 161965 1.73 + 0.18
Athabasca Mnls ABM 946939 2.65 + 0.15
Great Quest Me GQ 422019 0.94 - 0.37
Probe Mines PRB 1111090 2.38 - 0.32
Titanium Corp TIC 261744 1.5 - 0.22
Bacanora Mnls BCN 264806 0.68 - 0.18
Pac Booker Min BKM 12790 5 - 0.12
Reservoir Mnls RMC 157797 6.12 - 0.11
Diamcor Mng DMI 29075 1.31 - 0.11
Palladon Vent PLL 34493 1.64 - 0.1
Almonty Ind AII 51000 0.8 - 0.1
West High Yld WHY 130350 0.37 - 0.09


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Related News
Eric Roth's Aegean Metals sees upside in Turkey
TSX Venture takes a step back, July 7-11
Probe Mines' high-grade underground resource at Borden
Related Press Releases
Cadillac Mining Corporation Acquired by Pilot Gold
Pilot Gold Completes Acquisition of Cadillac Mining Corporation
IIROC Trading Halt - CQX
 



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