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TABLE OF CONTENTS Jun 16 - 22, 2014 Volume 100 Number 18 - 0 comments

U.S. equities remain in positive territory, June 2-6

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2014-06-11

U.S. equities posted their third straight weekly gain, driven by strong payroll data and optimism about economic growth. The economy added 217,000 jobs in May while the unemployment rate held steady at 6.3%. The Dow Jones Industrial Average jumped 207.11 points, or 1.24% to 16,924.28, while the S&P 500 Index climbed 25.87 points, or 1.35%, to finish at 1,949.44. The Philadelphia Gold & Silver Index inched 1.64 points, or 1.93% higher, to 86.70. The gold price finished the trading week at US$1,252.30 per oz., a dollar higher than when the week began.

Rio Tinto topped the list of value gainers, jumping US$1.67 to US$53.47. The company announced on June 2 that it had sold its 50.1% interest in the Clermont joint venture to GS Coal Pty Ltd. — a company owned by Glencore and Sumitomo — for US$1 billion. Glencore has taken over mine management, which produces thermal coal in central Queensland.

Shares of Lake Shore Gold climbed 4% to US75¢ per share on news that the company made a $10-million prepayment without penalty on its standby line of credit with Sprott Resource Lending Corp., trimming the outstanding principal of the standby line of credit to $20 million from $30 million. Lake Shore Gold said that strong operating results and its increasing cash position helped make the prepayment. Lake Shore’s cash and bullion position sits at $55 million.

Goldman Sachs’ Consol Energy upgrade lifted the coal miner’s stock US49¢ to US$47.45 per share. The same investment bank cut its price targets on Peabody Energy and Alpha Natural Resources, sending those names down US26¢ to US$16.34 per share and US11¢ to US$3.39 per share.

Quest Rare Minerals tumbled 12.1% to US33¢ per share on news that the company should raise more money to help with its feasibility study on the Strange Lake rare earth project in northeastern Quebec, and for working capital. The junior announced on June 4 that it had filed a preliminary short-form prospectus for a new issue of units for proceeds of up to $5 million.

U.S. most active issues


    Volume  
Company Symbol (000s) High Low Close Change
Alcoa* AA 30043 14.35 13.54 14.35 + 0.57
Alpha Nat Res* ANR 21659 3.49 3.21 3.39 - 0.11
Peabody Enrgy* BTU 14712 16.49 16.05 16.34 - 0.26
Freeport McMo* FCX 13713 34.98 33.98 34.93 + 0.23
Barrick Gold* ABX 13514 16.2 15.81 16.05 - 0.25
Arch Coal* ACI 13436 3.6 3.37 3.53 + 0.01
Goldcorp* GG 11346 23.35 22.76 23 - 0.75
Kinross Gold* KGC 11072 3.93 3.71 3.89   0
Cliffs Nat Rs* CLF 10083 16.01 14.46 14.48 - 0.39
Hecla Mining* HL 9150 2.91 2.73 2.89   0

U.S. greatest percentage change


    Volume  
Company Symbol (000s) High Low Close Change
Exeter Res* XRA 45 0.7 0.58 0.7 + 7.8
Oxford Res P* OXF 30 1.01 0.82 0.98 + 7.1
Mechel* MTL 319 2.05 1.88 2 + 6.3
Rubicon Mnls* RBY 938 0.99 0.94 0.95 + 5.5
Dejour Enterp* DEJ 248 0.23 0.2 0.2 + 4.6
Intl Tower Hi* THM 91 0.62 0.47 0.61 + 4.4
Alcoa* AA 30043 14.35 13.54 14.35 + 4.1
Lake Shore Gd* LSG 342 0.75 0.69 0.75 + 4
Platinum Gp M* PLG 44 1.1 1.05 1.1 + 3.7
Uranium Res* URRE 160 2.74 2.56 2.61 + 3.5
Timberline Rs* TLR 331 0.13 0.1 0.12 - 15.4
Tasman Mtls* TAS 388 1.06 0.94 0.97 - 13.3
Quest Rare Mn* QRM 250 0.43 0.32 0.33 - 12.1
Mines Managem* MGN 235 0.98 0.77 0.96 - 9.4
Golden Mnls* AUMN 295 0.62 0.5 0.52 - 7.1
Almaden Mnls* AAU 181 1.33 1.29 1.31 - 7
Minco Gold* MGH 60 0.32 0.29 0.31 - 5.4
Walter Energy* WLT 2145 4.96 4.39 4.58 - 5.3
Comstock Mng* LODE 273 1.7 1.58 1.63 - 4.1
Silver Std Re* SSRI 2206 6.93 6.31 6.77 - 4.1

U.S. greatest value change


Company Symbol Change Close Change
Rio Tinto* RIO 1131782 53.47 + 1.67
BHP Billi-BBL* BBL 787842 63.58 + 1.21
US Silica Hld* SLCA 327233 53.37 + 1.09
Cabot Corp* CBT 523636 59.42 + 0.66
Hi-Crush Part* HCLP 89924 52.89 + 0.65
Alcoa* AA 30043059 14.35 + 0.57
BHP Billi-BHP* BHP 2051165 67.95 + 0.55
Consol Energy* CNX 5579686 47.45 + 0.49
Alliance Rs P* ARLP 153886 88.31 + 0.47
Vale* VALE 6971672 13.09 + 0.44
Franco-Nevada* FNV 548615 46.42 - 1.45
Randgold Res* GOLD 677941 73.39 - 1.37
Compass Mnls* CMP 80201 92.92 - 0.94
Central GoldT* GTU 84684 44.35 - 0.86
Royal Gold* RGLD 873214 64.11 - 0.85
Goldcorp* GG 11346300 23 - 0.75
CVR Partners* UAN 73163 18.39 - 0.69
Potash C Sask* POT 7609349 35.51 - 0.52
MDU Res* MDU 695973 33.93 - 0.5
Natural Rs Pt* NRP 196051 13.9 - 0.48


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Related News
Rio Tinto's profits improve as hard-won cost savings take hold
Tax dispute adds doubt to Oyu Tolgoi's UG expansion
Lundin on track at Eagle in the UP, responds to acquisition speculation
Related Press Releases
Pierre Lortie Appointed Chairman of Quest Rare Minerals
Quest Produces 98.4% Purity Heavy Rare Earth Plus Yttrium Concentrate from an Improved Process Flowsheet
Lake Shore Gold Reports Record Operating Results in Second Quarter 2014
 



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