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TABLE OF CONTENTS Jul 28 - Aug 3, 2014 Volume 100 Number 24 - 0 comments

U.S. equities edge higher, July 14-18

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2014-07-23

The downing of a Malaysia Airlines passenger jet by suspected pro-Russian militants in Ukraine and Israel’s invasion of Gaza triggered a sell-off on July 17, but U.S. markets ended the trading week in positive territory, with the Dow Jones Industrial Average rising 0.92%, or 156.37 points to 17,100.18, and the S&P 500 Index up 0.54% to 10.65 points to 1,978.22. The Philadelphia Gold and Silver Index fell 2.0% or 2.09 points to 101.98.

A strong operating performance by Rio Tinto in the first half of 2014 drove its shares up US$1.35 to US$56.51. The company reported that its global iron-ore shipments and global iron-ore production (on a 100% basis) in the first half of the year rose 20% and 10% over the first half of 2013. Mined copper increased by 23%; hard-coking coal, 9%; and semi-soft and thermal coal, 2%. The only segments that declined were bauxite and titanium dioxide feedstock, which dropped 2% and 14%. First-half aluminium production was in line with last year.  

Shares of Cameco and Denison Mines rose after news that Japan’s Nuclear Regulation Authority reported in a 400-page draft document that the No. 1 and No. 2 Sendai reactors owned by Kyushu Electric Power Co. had passed safety checks. The National Rifle Association has agreed to provide a 30-day public comment or consultation period. Separately, Cameco reported that ground freezing at its partly owned Cigar Lake mine in northern Saskatchewan had not advanced as quickly as expected in some areas, so it has temporarily stopped jet-boring so that the orebody can freeze more thoroughly. Cameco’s shares climbed 7.3% to US$20.42, while Denison’s shares advanced 5.6% to US$1.32.

Allied Nevada’s shares fell 11.7% to US$3.46 per share on no news, despite impressive preliminary production for its Hycroft mine the week before. The Nevada mine produced 116,978 oz. gold in the first half of 2014 — up 51.5% from 77,214 oz. gold in the first half of 2013 — while silver production more than doubled to 893,657 oz., from 320,841 oz. The company said Hycroft, which it restarted in 2008, is benefiting from increased mining capacity and process improvements for the heap-leach operation in recent years.

U.S. most active issues


    Volume  
Company Symbol (000s) High Low Close Change
Alcoa* AA 102350 16.71 15.91 16.49 + 0.52
Barrick Gold* ABX 65890 19.21 18.29 19.19 - 0.1
Freeport McMo* FCX 47930 39 38 38.35 - 0.36
Kinross Gold* KGC 46477 4.33 4.11 4.19 - 0.17
Newmont Mng* NEM 36357 25.64 24.66 25.42 - 0.51
Peabody Enrgy* BTU 32659 16.39 15.56 15.71 - 0.22
Alpha Nat Res* ANR 32046 3.48 3.2 3.28 - 0.03
Cliffs Nat Rs* CLF 29713 16.45 14.45 15.84 + 1.11
Hecla Mining* HL 29201 3.42 3.17 3.31 - 0.14
Arch Coal* ACI 26952 3.36 3.1 3.12 - 0.08

U.S. greatest percentage change


    Volume  
Company Symbol (000s) High Low Close Change
Dejour Enterp* DEJ 440 0.27 0.22 0.25 + 14.6
Richmont Mine* RIC 704 1.5 1.28 1.47 + 13.9
Hi-Crush Part* HCLP 174 65.88 59.55 64.97 + 9.1
Cliffs Nat Rs* CLF 29713 16.45 14.45 15.84 + 7.5
Cameco Corp* CCJ 9973 20.6 18.86 20.42 + 7.3
Alum Cp China* ACH 214 9.94 9.31 9.9 + 6.6
SinoCoking Cl* SCOK 3052 2.25 1.48 1.66 + 6.4
Denison Mines* DNN 664 1.32 1.2 1.32 + 5.6
US Silica Hld* SLCA 828 59.17 54.94 58.29 + 5
Mechel* MTL 989 2.03 1.75 1.92 + 4.3
Great Panther* GPL 2751 1.43 1.22 1.24 - 15.6
Atlatsa Res* ATL 579 0.45 0.3 0.35 - 14.8
Molycorp* MCP 25343 2.29 1.84 1.87 - 12.2
Allied Nevada* ANV 1601 3.79 3.35 3.46 - 11.7
Banro* BAA 9669 0.35 0.3 0.3 - 11.7
NovaCopper* NCQ 1450 1.13 0.98 1 - 10.7
Exeter Res* XRA 173 0.84 0.64 0.77 - 10.5
Silver Bull R* SVBL 1045 0.29 0.26 0.26 - 10.5
Tanz Roy Exp* TRX 1119 2.47 2.17 2.24 - 9.3
Oxford Res P* OXF 21 0.79 0.73 0.73 - 8.9

U.S. greatest value change


Company Symbol Change Close Change
Hi-Crush Part* HCLP 173501 64.97 + 5.47
Agrium* AGU 525586 91.5 + 3.18
US Silica Hld* SLCA 828068 58.29 + 2.78
Alliance Rs P* ARLP 634521 46.49 + 1.72
BHP Billi-BBL* BBL 2324711 68.71 + 1.42
Cameco Corp* CCJ 9973353 20.42 + 1.4
BHP Billi-BHP* BHP 9793208 72.07 + 1.4
Rio Tinto* RIO 1827518 56.51 + 1.35
Cliffs Nat Rs* CLF 29712767 15.84 + 1.11
Agnico-Eagle* AEM 9812386 41.75 + 0.91
Compass Mnls* CMP 370328 93 - 2.21
Randgold Res* GOLD 2955374 87.43 - 1.91
Franco-Nevada* FNV 3221096 56.39 - 1.8
Consol Energy* CNX 12421467 41.69 - 1.6
Central GoldT* GTU 130481 46.69 - 1.16
Royal Gold* RGLD 3344557 77.3 - 1.05
Teck Res B* TCK 8014724 23.52 - 0.64
Silver Wheatn* SLW 23716126 26.64 - 0.61
Cloud Peak En* CLD 1032734 16.13 - 0.58
MDU Res* MDU 3322082 33.23 - 0.56


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Related News
Allied Nevada advances costly Hycroft plan despite capital squeeze
Editorial: Glencore backs off run at Rio Tinto, for now
Denison builds up Wheeler River's potential as Gryphon expands
Related Press Releases
Allied Nevada Announces Preliminary Q3 Production and Sales
Allied Nevada Announces Hycroft Mill Expansion Feasibility Results Highlighted by Improved Projected Returns
First Uranium Concentrate Produced from Ore Mined at Cigar Lake
 



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