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TABLE OF CONTENTS Aug 18 - 24, 2014 Volume 100 Number 27 - 0 comments

U.S. equity indexes end marginally higher, Aug. 4-8

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2014-08-13

U.S. equity indexes were down for most of the week, as Russia banned imports of some western foods and U.S. warplanes prepared to strike targets in Iraq for the first time since 2011. But markets edged higher on Friday after Russia’s Defense Ministry said it had finished military exercises near the Ukraine border, and China reported that its trade surplus reached a record high in July. For the week, the Dow Jones Industrial Average Index rose 0.37% to 16,553.93 and the S&P 500 Index gained 0.34% to 1,931.59. The Philadelphia Gold & Silver Index climbed 1.78% to 101.26.

Shares of Newmont Mining and Barrick Gold ended higher after the Sydney Morning Herald quoted Newmont CEO Gary Goldberg as saying during a presentation to the Melbourne Mining Club that a revived merger “was not impossible ... I wouldn’t shut the door on it ... we are focusing on running our businesses as effectively and efficiently as we can going forward, and we will see what happens.” Goldberg reportedly had not heard from Barrick since the merger talks fell apart in April. Newmont’s shares climbed US$1.19 to US$26.39, while Barrick’s gained US48¢ to US$18.69.

Richmont Mines shares bounced 46.2% to US$2.15 after second-quarter results. The company posted adjusted net earnings of $5.7 million, or 12¢ per share, up from a $1.1-million net loss in the second quarter of 2013, or 3¢ per share. Operating cash flows in the three months ended June 30 reached a record $13.4 million, or 29¢ per share on record revenues of $39 million, for a 36¢-per-share improvement over operating cash flows year-on-year. Second-quarter cash costs per oz. fell 16% year-on-year from US$992 to US$779 per oz. this year. Richmont increased its 2014 gold production guidance to 75,000 to 85,000 oz., from its previous forecast of 70,000 to 80,000 oz.

News that Molycorp has entered into a commitment letter to secure a US$400-million financing for its Mountain Pass rare earth elements facility — with funds managed by Oaktree Capital Management  — sent the company’s shares up 13.4% to US$2.36. Under the arrangement, US$250 million of the financings could be borrowed upon closing, with the remaining US$150 million available until April 30, 2016, depending on Molycorp’s finances and operations.

U.S. most active issues

    Volume Week
    (000s) High Low Close Change
Silver Dragon* SDRG 602 0.01 0 0.01 + 400
Alpha Nat Res* ANR 155979 8.56 6.45 7.88 + 19.7
Pac Booker Mn* PBM 59 4.9 3 3.91 + 18.4
Arch Coal* ACI 88928 8 6.42 7.62 + 15.4
Peabody Enrgy* BTU 57566 26.22 22.04 25.71 + 14.8
Strata O&G* SOIGF 60 0.14 0.1 0.12 + 14.5
Keegan Res* KGN 310 3.86 3.11 3.72 + 14.4
Patriot Gold* PGOL 150 0.24 0.21 0.23 + 13.8
Santa Fe Gold* SFEG 1115 0.41 0.3 0.38 + 13.4
Consol Energy* CNX 21261 35.69 31.03 35.14 + 12
El Capitan Pr* ECPN 2380 0.38 0.26 0.3 - 20
Cornerstone C* CTNXF 13 0.07 0.07 0.07 - 19.5
Minco Gold* MGH 245 0.74 0.56 0.58 - 18.3
NovaCopper* NCQ 795 2.24 1.85 1.85 - 17.7

U.S. greatest percentage change

    Volume Week
    (000s) High Low Close Change
Richmont Mine* RIC 2776 2.3 1.43 2.15 + 46.2
Walter Energy* WLT 2789 6.52 5.69 6.47 + 14.3
Molycorp* MCP 48533 2.38 1.95 2.36 + 13.4
Dejour Enterp* DEJ 857 0.32 0.27 0.3 + 13
Alpha Nat Res* ANR 58158 3.78 3.34 3.76 + 11.5
Lake Shore Gd* LSG 5519 1.28 1.08 1.21 + 11
Rio Alto Mng* RIOM 271 2.59 2.21 2.51 + 9.1
Golden Mnls* AUMN 1227 1.3 1.12 1.22 + 8.4
Oxford Res P* OXF 56 1.05 0.88 0.99 + 8.3
Hi-Crush Part* HCLP 166 66.33 58.95 63.25 + 7.9
Sandstorm Gld* SAND 6408 6.85 5.81 5.89 - 14
General Moly* GMO 1039 1.06 0.94 0.95 - 8.6
Northern Dyn* NAK 534 0.86 0.76 0.78 - 8.1
Primero Mng* PPP 729 7.96 7.17 7.21 - 8
Solitario Ex&* XPL 160 1.54 1.35 1.43 - 7.7
Revett Mnls* RVM 286 1.28 1.11 1.15 - 7.2
North Am En P* NOA 53 7.23 6.42 6.65 - 7.2
Silver Bull R* SVBL 1366 0.29 0.25 0.26 - 6.8
Alexco Res* AXU 2069 1.05 0.95 0.97 - 6
Atlatsa Res* ATL 291 0.45 0.32 0.33 - 5.7

U.S. greatest value change

 

    Week
    Change Close Change
Hi-Crush Part* HCLP 166471 63.25 + 4.66
Royal Gold* RGLD 2846607 79.31 + 2.98
US Silica Hld* SLCA 1202245 58.84 + 2.76
Franco-Nevada* FNV 2400336 58.52 + 1.86
Consol Energy* CNX 10106523 40.16 + 1.21
Newmont Mng* NEM 32033254 26.39 + 1.19
SunCoke Engy* SXC 914627 24.03 + 1.02
Agnico-Eagle* AEM 7053965 38.48 + 0.86
Rio Tinto* RIO 1833868 57.48 + 0.84
Walter Energy* WLT 2789266 6.47 + 0.81
Alliance Rs P* ARLP 849761 47.05 - 1.87
Randgold Res* GOLD 2492980 84.8 - 1.06
Sandstorm Gld* SAND 6407591 5.89 - 0.96
MDU Res* MDU 3682184 30.53 - 0.81
Primero Mng* PPP 728869 7.21 - 0.63
North Am En P* NOA 53296 6.65 - 0.52
OM Group* OMG 913729 24.68 - 0.49
Potash C Sask* POT 18928948 34.51 - 0.46
HudBay Mnls* HBM 83255 10.21 - 0.41
Teck Res B* TCK 8018782 23.38 - 0.39

 



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