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TABLE OF CONTENTS Mar 31 - Apr 6, 2014 Volume 100 Number 7 - 0 comments

U.S. markets climb, March 17-21

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2014-03-26

As Russian President Vladimir Putin signed off on laws completing the country’s annexation of Crimea, U.S. Federal Reserve Chair Janet Yellen held her first press conference and indicated that the first rise in interest rates could come in the first half of 2015. In other news, a yearly stress test of U.S. banks concluded that 29 of 30 held enough capital to withstand a severe economic downturn, while data on the U.S. jobs market demonstrated that the number of people filing for unemployment benefits the week before nearly reached a three-month low. After hitting an all-time intraday high of 1,883.97 on March 21, the S&P 500 Index ended the week 1.4% higher at 1,866.52, while the Dow Jones Industrial Average rose 1.5% to 16,302.70. The gold spot price plunged 3.4% — or US$47.30 per oz. — to finish the week at US$1,334.70 per oz., and the Philadelphia Gold and Silver Index fell 7.2% to 98.51.

Consol Energy gained US$2.11 to US$40.70 per share. The Pittsburgh-based coal and natural gas company announced that its 45-year-old president Nicholas J. Deluliis would become CEO on May 7, replacing J. Brett Harvey, who will become executive chairman.

Franco-Nevada plunged US$5.70 to US$46.93 per share. The company reported a 2013 fourth-quarter net loss of $80.6 million, or 55¢ per share, which included after-tax impairment charges of $108.1 million. Adjusted net income for the quarter reached $30.5 million, or 21¢ per share. The company reported 69,741 equivalent oz. gold in the fourth quarter, in a 17.5% increase over the fourth quarter of 2012.

Silver Wheaton shares fell US$1.68 to US$25.04 after the streaming company reported a 47% drop in quarterly profit. Net profit dropped to $93.9 million — or 26¢ per share in the quarter ended Dec. 31 — down from $177.7 million, or 50¢ per share, in the year-earlier quarter. Revenue dropped 42% to $167.4 million. The company’s attributable silver-equivalent production climbed 17% to 9.3 million oz., but average realized silver prices dropped 33% to US$21.03 per oz. Silver Wheaton expects attributable production this year of 36 million equivalent oz. silver, including 155,000 oz. gold. 

U.S. most active issues


    Volume  
Company Symbol (000s) High Low Close Change
Alcoa* AA 87294 12.1 11.72 12.01 + 0.17
Freeport McMo* FCX 62081 32.31 30.57 32.31 + 1.25
Kinross Gold* KGC 57361 5.17 4.74 4.8 - 0.37
Barrick Gold* ABX 57250 20.89 19.1 19.4 - 1.51
Newmont Mng* NEM 49189 26.37 24.19 24.55 - 1.63
McEwen Mng* MUX 46823 3.55 2.66 2.88 - 0.68
Gold Fields* GFI 42478 4.34 3.92 4.07 - 0.29
Alpha Nat Res* ANR 41887 4.63 4.19 4.44 + 0.04
Arch Coal* ACI 34990 4.55 4.16 4.55 + 0.39
Peabody Enrgy* BTU 32917 16.04 15.18 15.74 + 0.26

U.S. greatest percentage change


    Volume  
Company Symbol (000s) High Low Close Change
Dejour Enterp* DEJ 2313 0.29 0.16 0.26 + 51.1
Mechel* MTL 1866 2.15 1.7 2.04 + 18.6
US Energy* USEG 1870 4.84 4.1 4.7 + 15.7
North Am Pall* PAL 28295 0.55 0.4 0.49 + 15
Yanzhou Coal* YZC 1905 8.14 6.66 7.75 + 14.3
Northern Dyn* NAK 1372 1.1 0.91 1.1 + 12.2
Tasman Mtls* TAS 1935 1.87 1.3 1.8 + 11.8
NovaCopper* NCQ 1190 1.48 1.28 1.39 + 10.3
Western Coppr* WRN 525 0.9 0.75 0.86 + 10.2
Goldfield* GV 552 2.41 2.21 2.41 + 10
Tanz Roy Exp* TRX 1802 2.78 2.12 2.12 - 23.4
Golden Star* GSS 24908 0.77 0.6 0.6 - 23.3
Timmins Gold* TGD 2052 1.7 1.32 1.34 - 20.2
Lake Shore Gd* LSG 4208 0.91 0.69 0.71 - 19.8
Vista Gold* VGZ 3920 0.7 0.48 0.55 - 19.2
Rubicon Mnls* RBY 10589 1.43 1.09 1.13 - 19.2
McEwen Mng* MUX 46823 3.55 2.66 2.88 - 19.1
Fortuna Silvr* FSM 3780 4.72 3.57 3.85 - 18.7
Rio Alto Mng* RIOM 358 2.36 1.85 1.92 - 18.6
Minco Gold* MGH 638 0.45 0.34 0.36 - 18.6

U.S. greatest value change


Company Symbol Change Close Change
Cabot Corp* CBT 1251669 57.59 + 2.61
Consol Energy* CNX 11257221 40.7 + 2.11
Hi-Crush Part* HCLP 69272 41.25 + 1.83
OM Group* OMG 930757 34.4 + 1.76
SunCoke Engy* SXC 905158 23.36 + 1.63
Cliffs Nat Rs* CLF 24397381 19.69 + 1.31
Freeport McMo* FCX 62080673 32.31 + 1.25
Natural Rs Pt* NRP 716752 16.35 + 1.18
Alliance Rs P* ARLP 404448 82.05 + 0.97
Yanzhou Coal* YZC 1904919 7.75 + 0.97
Franco-Nevada* FNV 4470293 46.93 - 5.7
Randgold Res* GOLD 3934787 79.75 - 3.91
Compass Mnls* CMP 821416 79.91 - 3.37
Tahoe Res* TAHO 136510 21.38 - 2.82
Royal Gold* RGLD 5153204 68.38 - 2.81
Agnico-Eagle* AEM 10617707 32.36 - 2.26
Goldcorp* GG 30616335 26.66 - 2.03
Central GoldT* GTU 191708 46.9 - 1.72
Seabridge Gld* SA 3661931 8.01 - 1.7
Silver Wheatn* SLW 24012458 25.04 - 1.68


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