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TABLE OF CONTENTS Feb 24 - Mar 2, 2014 Volume 100 Number 2 - 0 comments

U.S. equities remain in positive territory, Feb. 10-14

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2014-02-19

It was the second straight week of gains for U.S. stock indexes despite some soft economic data showing that industrial production in January fell 0.3%. But the good news trumped the bad, with U.S. export prices climbing 0.2% in January, lawmakers reaching a deal to extend the debt ceiling, strong trade data from China and incoming Federal Reserve chair Janet Yellen’s pledge to keep interest rates low. The Dow Jones Industrial Average and the S&P 500 both rose 2.3%, closing at 16,154.39 and 1,838.63 for their biggest weekly gains of 2014. The Philadelphia Gold & Silver Index advanced 10.6% to 101.99.

Cliffs Natural Resources posted the best performance on the S&P 500, rising US$2.34 to US$23.16 per share. The company reported better-than-expected earnings in 2013 with net income attributable to shareholders of US$414 million, or US$2.37 per diluted share, compared with a net loss of US$899 million, or US$6.32 per diluted share, in 2012.  Full-year revenues of US$5.7 billion decreased US$181 million, or 3% year-on-year, while cash flow from operations more than doubled to US$1.1 billion and net debt was reduced to US$2.7 billion. The company announced it would cut capex in 2014 by 50% to a range of US$375 million and US$425 million. In Eastern Canada the company will idle its Wabush mine and suspend the Bloom Lake mine’s phase-two expansion.

Kinross Gold was the week’s most actively traded stock, rising US40¢ to US$5.22 per share. The company reported that it beat its 2013 guidance by producing a record 2.6 million equivalent oz. gold, and cut its all-in sustaining costs to US$1,063 per oz. Full-year revenue reached $3.8 billion, compared with $4.3 billion in 2012. Adjusted net earnings reached US$321.1 million, or US28¢ per share, compared with US$886.2 million, or US78¢ per share, in 2012. Proven and probable mineral reserves at the end of 2013 were 39.7 million oz. gold, compared with 59.6 million oz. at the end of 2012. The company reported that capital expenditures in 2013 came in $140 million below its revised guidance, and would be trimmed in 2014 by more than US$585 million to US$675 million.

U.S. most active issues


    Volume  
Company Symbol (000s) High Low Close Change
Kinross Gold* KGC 85082 5.44 4.89 5.22 + 0.4
Barrick Gold* ABX 84065 20.74 18.81 20.34 + 1.45
Alcoa* AA 82248 11.49 10.83 11.37 + 0.18
Alpha Nat Res* ANR 73024 5.6 5.01 5.06 - 0.24
Newmont Mng* NEM 62447 24.23 21.75 23.83 + 2.31
Cliffs Nat Rs* CLF 47954 23.53 20.4 23.16 + 2.34
Freeport McMo* FCX 47466 33.95 32.13 33.75 + 1.4
North Am Pall* PAL 47371 0.4 0.31 0.38 - 0.01
Goldcorp* GG 44691 28.13 25.46 27.55 + 2.06
Arch Coal* ACI 42598 4.1 3.83 4.09 + 0.18

U.S. greatest percentage change


    Volume  
Company Symbol (000s) High Low Close Change
Augusta Res* AZC 770 3.23 2.78 3.21 + 40.7
Mines Managem* MGN 1525 1.41 0.86 1.2 + 40.6
Great Panther* GPL 833 1.23 0.93 1.23 + 33.7
Loncor Res* LON 172 0.22 0.14 0.19 + 32.1
Golden Star* GSS 17185 0.81 0.66 0.81 + 28.5
Western Coppr* WRN 310 0.81 0.65 0.81 + 25.5
Golden Mnls* AUMN 2525 0.94 0.74 0.93 + 25.3
Amcol Intl* ACO 752 45.28 35.6 45.27 + 25.1
Lake Shore Gd* LSG 3569 0.85 0.68 0.84 + 23.3
Banro* BAA 10231 0.69 0.5 0.61 + 22.4
Timberline Rs* TLR 5042 0.2 0.12 0.15 - 28.5
Minco Gold* MGH 2551 0.62 0.42 0.49 - 11.3
Intrepid Pots* IPI 1328 15.93 13.64 14.42 - 8
Atlatsa Res* ATL 1191 0.6 0.43 0.54 - 6
Uranium Res* URRE 2112 2.97 2.65 2.72 - 5.8
Alpha Nat Res* ANR 73024 5.6 5.01 5.06 - 4.5
Turquoise HIl* TRQ 3065 3.55 3.14 3.25 - 4.4
Uranerz Energ* URZ 1965 1.6 1.45 1.53 - 3.7
Teck Res B* TCK 14920 25.64 23.42 23.88 - 3.4
North Am Pall* PAL 47371 0.4 0.31 0.38 - 3.3

U.S. greatest value change


Company Symbol Change Close Change
Amcol Intl* ACO 751759 45.27 + 9.11
Randgold Res* GOLD 5126453 79.65 + 6.64
Royal Gold* RGLD 6914142 66.81 + 5.26
BHP Billi-BBL* BBL 2118896 63.18 + 3.56
Cabot Corp* CBT 1483513 52.41 + 3.51
US Silica Hld* SLCA 4604194 29.89 + 3.18
Central GoldT* GTU 408736 47.43 + 2.78
Silver Wheatn* SLW 33946185 25.38 + 2.76
Rio Tinto* RIO 2207238 58.9 + 2.73
Tahoe Res* TAHO 159630 21.87 + 2.68
Intrepid Pots* IPI 1328389 14.42 - 1.27
Teck Res B* TCK 14919633 23.88 - 0.86
PVR Partners* PVR 330845 27.04 - 0.53
HudBay Mnls* HBM 49177 8.2 - 0.28
Alpha Nat Res* ANR 73023807 5.06 - 0.24
Uranium Res* URRE 2111584 2.72 - 0.17
Natural Rs Pt* NRP 207631 15.53 - 0.16
Turquoise HIl* TRQ 3065115 3.25 - 0.15
Minco Gold* MGH 2551257 0.49 - 0.06
Timberline Rs* TLR 5041926 0.15 - 0.06


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Related News
There's nothing blooming at Bloom Lake
Gold majors lose their shine
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Related Press Releases
Kinross Reports 2014 Third-Quarter Results
Kinross Announces Sale of Fruta del Norte Project in Ecuador
Kinross Reports Temporary Suspension of Mill at Round Mountain Mine
 



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