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TABLE OF CONTENTS Jan 6 - 12, 2014 Volume 99 Number 47 - 0 comments

TSX Venture Exchange, Dec. 16-20

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2014-01-01

The S&P/TSX Venture Composite Index dropped 6.29 points during the trading sessions en route to closing at 888.18. Markets reacted positively late in the trading period after the U.S. Federal Reserve opted to modestly cut its bond-buying programs by US$10 million starting in January. Struggling gold and energy futures weighed on the Venture, while copper prices remained a bright spot.

February contracts for gold bullion fell again this week, losing 2.7%, or US$33.20, en route to a US$1,202.40 per oz. close. Crude oil futures remained flat, with February contracts for West Texas Intermediate rising US$1.62 before closing at US$99.17 per barrel. Copper futures closed near a three-month high at US$3.32 per lb.

Explorer Kennady Diamonds led the value-lost category during the week, as the company dropped 65¢ on 113,500 shares traded, en route to a $5-per-share close. On Dec. 16 Kennady announced diamond recovery results from a mid-year drill program at its wholly owned Kennady North project in the Northwest Territories.

Almost 3.5 tonnes of kimberlite was recovered from 21 holes drilled at the Northwest Lobe of the Kelvin kimberlite. Kennady recovered 4.3 tonnes of kimberlite from Kelvin containing more than 16,000 microdiamonds, of which 474 are commercial-sized diamonds. The company’s summer program returned a sample grade of 4.56 carats per tonne, which compares to 8.13 carats per tonne during year-end drilling.

On Dec. 19 Kennady announced it had arranged a $2.29-million, non-brokered private placement of flow-through shares priced at $5.75 per share.

It was another tough week for silver producer Aurcana, which lost 49¢ on 2.7 million shares traded en route to a 52-week low of 61¢ per share. On Dec. 19 the company announced it was putting its Shafter silver mine in Texas on care and maintenance following a review by its board. Aurcana said the decision was fuelled by low silver prices, and did not disclose how long the mine would be idle, or how many workers would be impacted.

Aurcana has been struggling with its cash position, and will likely need to raise capital  so that it can meet obligations under $55 million in debt repayments due over the next three years. Aurcana’s board and management team agreed to a 20% salary reduction, while the company is operating its La Negra silver–zinc–copper–lead mine in Mexico.

Xmet was the most traded company with 16 million shares changing hands, while losing 5¢ to close at 10¢. Xmet has been consolidating a land position at its Blackflake project, which holds two blocks of claims east of Zenyatta Venture’s high-profile Albany graphite discovery.

TSX-V most active issues


    Volume  
Company Symbol (000s) High Low Close Change
Xmet XME 16152 0.19 0.1 0.1 - 0.05
Aben Res ABN 8703 0.01 0.01 0.01   0
Golden Band GBN 7920 0.02 0.01 0.01   0
Atac Res ATC 7295 0.72 0.53 0.53 - 0.14
Midlands Minls MEX 6696 0.02 0.01 0.01   0
Bear Creek Mng BCM 5946 1.5 1.19 1.24 - 0.26
Red Pine Expl RPX 4763 0.07 0.06 0.06 - 0.01
Caribou King R CKR 4742 0.06 0.04 0.04   0
Firebird Res FIX 4624 0.02 0.01 0.02 + 0.01
Northern Sup R SUP 4344 0.04 0.03 0.03 - 0.01

TSX-V greatest percentage change


    Volume  
Company Symbol (000s) High Low Close Change
Columbia Yukon CYU 27 0.07 0.01 0.07 + 600
Pac Iron Ore POC 1014 0.03 0.01 0.03 + 400
Firebird Res FIX 4624 0.02 0.01 0.02 + 200
Parlane Res PPP 508 0.09 0.05 0.08 + 150
Softrock Mnrl SFT 223 0.03 0.03 0.03 + 150
Camino Mnls COR 2776 0.03 0.01 0.03 + 150
Canyon Copper CNC 699 0.01 0.01 0.01 + 100
Lincoln Mng LMG 503 0.01 0.01 0.01 + 100
Cartier Res ECR 377 0.16 0.08 0.16 + 100
Homestake Res HSR 1111 0.06 0.03 0.05 + 100
Amanta Res AMH 274 0.03 0.01 0.01 - 66.6
Westridge Res WST 50 0.03 0.01 0.01 - 66.6
Advance Gold AAX 200 0.02 0.01 0.01 - 60
Olympic Res OLA 412 0.02 0.02 0.02 - 55.5
Aurcana Corp AUN 2664 1.12 0.49 0.49 - 55.4
Central Iron O CIO 130 0.01 0.01 0.01 - 50
Canadn Arrow CRO 2447 0.01 0.01 0.01 - 50
Conquest Res CQR 20 0.01 0.01 0.01 - 50
Bonterra Res BTR 1037 0.02 0.01 0.01 - 50
Deer Horn Mtls DHM 81 0.01 0.01 0.01 - 50

TSX-V greatest value change


Company Symbol Change Close Change
Gold Reserve GRZ 35105 3.65 + 0.11
Cartier Res ECR 377000 0.16 + 0.08
Lara Expl LRA 157685 0.82 + 0.08
Kaminak Gold KAM 384385 0.57 + 0.07
Williams Creek WCX 383699 0.16 + 0.07
Almonty Ind AII 61392 0.83 + 0.06
Focus Graphite FMS 1870391 0.32 + 0.06
Panoro Minls PML 66125 0.36 + 0.06
Canada Zinc Mt CZX 799307 0.37 + 0.06
Columbia Yukon CYU 27199 0.07 + 0.06
Kennady Diam KDI 113904 5 - 0.65
Aurcana Corp AUN 2664459 0.49 - 0.61
Bear Creek Mng BCM 5945823 1.24 - 0.26
Reservoir Mnls RMC 315371 5.35 - 0.25
Zenyatta Vent ZEN 1006113 2.21 - 0.24
Anfield Nickel ANF 75495 1.41 - 0.19
Energold Drill EGD 766622 1.44 - 0.14
Atac Res ATC 7295480 0.53 - 0.14
Sandstorm Mt&E SND 318432 1.1 - 0.11
SilverCrest Mn SVL 438786 1.59 - 0.09


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