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TABLE OF CONTENTS Jun 30 - Jul 6, 2014 Volume 100 Number 20 - 0 comments

U.S. equities surge, June 16-20

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2014-06-25

The U.S. Federal Reserve’s latest suggestion that it would keep interest rates low seemed to outweigh concerns about the renewed turmoil in Iraq, sending the Dow Jones Industrial Average and the S&P 500 Index to record highs. The benchmark S&P 500 posted five straight daily gains and closed at record highs three days in a row. For the week, the Dow was up 1.02% to 16,947.08 and the S&P 500 Index rose 1.38% to 1,962.87. According to Reuters, 330 companies on the New York Stock Exchange hit 52-week highs on June 20. The New York spot price of gold climbed 3% to finish at US$1,414.70 per oz.

Shares of Barrick Gold and Newmont Mining were up in the wake of comments to the Globe and Mail by the president of China National Gold Group Corp., China’s largest gold producer. President Xin Song reportedly told Canada’s national newspaper that China National Gold had had “very good conversations” with both companies on how to “co-operate in the future,” and said the talks included everything from co-operation on projects and joint ventures to how to cut costs. Barrick was the most actively traded stock, climbing 83¢ to US$17.82, while Newmont shares advanced US$1.46 to close at US$24.86.

Freeport-McMoRan Copper & Gold rose 89¢ to US$34.86 per share. The company reported on June 20 that its oil and gas subsidiary had completed the previously announced sale of its Eagle Ford Shale assets to a subsidiary of Encana for US$3.1 billion in cash. The company expects to acquire interests in the Deepwater Gulf of Mexico from Apache on June 30.

On June 16 Agnico Eagle Mines and Yamana Gold acquired Osisko Mining and its Canadian Malartic gold mine in Quebec, sending Agnico Eagle shares up US$4.01 to US$37.30. Agnico and Yamana each own 50% of Osisko and will jointly operate Canadian Malartic and explore and potentially develop the Kirkland Lake assets, and continue exploration at the Hammond Reef, Pandora and Wood–Pandora properties.

A US$70-million financing from Banco de Credito del Peru sent the shares of Rio Alto Mining up 15% to US$2.30 apiece. Rio Alto Mining is advancing its La Arena project, 480 km northwest of Lima.

U.S. most active issues


    Volume  
Company Symbol (000s) High Low Close Change
Barrick Gold* ABX 60572 18.09 16.71 17.82 + 0.83
Alcoa* AA 52918 14.71 14.28 14.62 + 0.1
Kinross Gold* KGC 50052 4.45 4.02 4.35 + 0.22
North Am Pall* PAL 42064 0.39 0.31 0.38 + 0.05
Newmont Mng* NEM 40953 24.92 22.89 24.86 + 1.46
Hecla Mining* HL 36568 3.38 3.05 3.27 + 0.17
Goldcorp* GG 34250 27.59 24.57 27.27 + 2.12
Freeport McMo* FCX 33292 34.99 33.8 34.86 + 0.89
Peabody Enrgy* BTU 33277 16.96 16.21 16.95 + 0.16
Molycorp* MCP 32600 2.98 2.7 2.81 + 0.02

U.S. greatest percentage change


    Volume  
Company Symbol (000s) High Low Close Change
Golden Mnls* AUMN 6325 1.58 0.65 1.27 + 89.5
Avino Silver* ASM 2726 2.5 1.84 2.48 + 31.9
SinoCoking Cl* SCOK 1924 1.5 0.94 1.25 + 25
Vista Gold* VGZ 2432 0.55 0.43 0.54 + 18.4
Great Panther* GPL 3144 1.33 1.04 1.22 + 18.4
Gold Std Vnt* GSV 1380 0.83 0.65 0.8 + 17.5
Northern Dyn* NAK 1004 0.91 0.74 0.91 + 16.6
Quest Rare Mn* QRM 3782 0.34 0.25 0.32 + 16
North Am Pall* PAL 42064 0.39 0.31 0.38 + 15.8
Rio Alto Mng* RIOM 390 2.34 2 2.3 + 15
Lake Shore Gd* LSG 3804 0.95 0.7 0.7 - 19.5
Mechel* MTL 1880 2.46 1.97 2.18 - 8.4
Atlatsa Res* ATL 218 0.46 0.39 0.43 - 7.8
Entree Gold* EGI 950 0.36 0.31 0.31 - 7.6
Timmins Gold* TGD 1134 1.81 1.57 1.57 - 6.5
Avalon Rare M* AVL 2358 0.5 0.44 0.46 - 6.3
Tasman Mtls* TAS 544 1.08 0.93 0.95 - 5.9
Thompson Crk* TC 1664 2.87 2.63 2.68 - 5.3
Yanzhou Coal* YZC 427 8.04 7.71 7.71 - 4.5
Ur-Energy* URG 862 1.17 1.1 1.12 - 4.2

U.S. greatest value change


Company Symbol Change Close Change
Royal Gold* RGLD 3897822 73.33 + 5.91
Franco-Nevada* FNV 3101397 55.21 + 4.8
Hi-Crush Part* HCLP 306556 54.03 + 4.79
Randgold Res* GOLD 3338261 82.25 + 4.74
Agnico-Eagle* AEM 15076501 37.3 + 4.01
Agrium* AGU 545138 93.46 + 2.81
Alliance Rs P* ARLP 829619 45.13 + 2.45
Potash C Sask* POT 26694248 38.42 + 2.37
Silver Wheatn* SLW 25837612 24.85 + 2.24
Tahoe Res* TAHO 182609 25.08 + 2.22
Yanzhou Coal* YZC 427064 7.71 - 0.37
Mechel* MTL 1880299 2.18 - 0.2
Compass Mnls* CMP 259521 92.77 - 0.2
Lake Shore Gd* LSG 3804237 0.7 - 0.17
Thompson Crk* TC 1664397 2.68 - 0.15
Timmins Gold* TGD 1133706 1.57 - 0.11
Pretium Res* PVG 2455793 7.52 - 0.09
Tasman Mtls* TAS 543626 0.95 - 0.06
Alum Cp China* ACH 75977 9.2 - 0.06
Ur-Energy* URG 861941 1.12 - 0.05


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