FREE ARTICLE PREVIEW: You are enjoying a free sample of exclusive
subscriber content. There is a limit of three free articles per week.

TABLE OF CONTENTS Jul 14 - 20, 2014 Volume 100 Number 22 - 0 comments

U.S. markets end in positive territory, June 30-July 3

TEXT SIZE bigger text smaller text
2014-07-09

U.S. markets rebounded sharply on the back of strong jobs data before closing on July 4 for the Independence Day holiday. The U.S. economy added 288,000 non-farm jobs in June and revised data from the Labour Department showed that the unemployment rate fell to 6.1% from 6.3% in May, driving the Dow Jones Industrial Average Index up 1.28%, or 216.42 points to 17,068.26, and the S&P 500 Index up 1.25%, or 24.48 points, to 1,985.44. The Philadelphia Gold & Silver Index also ended the abbreviated trading week in positive territory, climbing 2.4%, or 2.38 points to 101.48.

Shares of BHP Billiton advanced US$2.20 to US$71.09 per share on no major news. But on July 2 the company reported that it was celebrating the shipment of its one billionth tonne of iron ore to Japan from the Pilbara region of Australia. The company shipped its first tonne of iron ore to Japan in 1966.

News on June 30 that US Silica Holdings received approval to develop a new mine and plant near Fairchild, Wis., sent the company’s shares US$2.10 higher to US$55.97 per share. The company can now develop a 3-million-ton-per-year frac sand mine and plant, which should operate by the fourth quarter of 2015, the company says.

Agrium reported that it has divested its turf and ornamental business to Koch Agronomic Services — an affiliate of Koch Fertilizer LLC — for $94 million as part of an ongoing portfolio review, but the news didn’t help the stock price. Agrium shares fell US49¢ to US$91.40 apiece. Other names in the fertilizer space fared poorly, too. Mosaic dropped US51¢ to end the trading week at US$49.19 on no news, while shares of Intrepid Potash slipped US26¢ to US$16.40 per share, also on no news.

Slumping prices for rare earth minerals have added to the pressure on players like Molycorp, which is optimizing its Mountain Pass mine and processing facilities in California. Shares of the U.S. rare earths miner dropped US8¢, or 3.1%, to US$2.44 per share on no news. Shares of Quest Rare Minerals also came under pressure on no news, falling 6.7% to US29¢ per share.

U.S. most active issues


    Volume  
Company Symbol (000s) High Low Close Change
Freeport McMo* FCX 49042 38.59 35.66 38.51 + 2.44
Alcoa* AA 41508 15.07 14.68 14.98 + 0.05
Kinross Gold* KGC 35920 4.3 3.99 4.25 + 0.22
Barrick Gold* ABX 28499 18.47 17.84 18.44 + 0.42
Cliffs Nat Rs* CLF 24303 16.5 14.4 16.42 + 1.75
Hecla Mining* HL 23240 3.49 3.31 3.47 + 0.09
Alpha Nat Res* ANR 21167 3.82 3.61 3.76 + 0.04
Molycorp* MCP 21046 2.63 2.31 2.44 - 0.08
Newmont Mng* NEM 20625 25.72 24.78 25.19   0
Peabody Enrgy* BTU 20275 16.65 16.06 16.61 + 0.17

U.S. greatest percentage change


    Volume  
Company Symbol (000s) High Low Close Change
Ur-Energy* URG 1565 1.37 1.08 1.27 + 17.5
Vista Gold* VGZ 1003 0.53 0.44 0.5 + 15.8
Walter Energy* WLT 2828 6.43 5.21 6.33 + 15.3
Dejour Enterp* DEJ 621 0.25 0.21 0.24 + 14
Cliffs Nat Rs* CLF 24303 16.5 14.4 16.42 + 11.9
SinoCoking Cl* SCOK 708 1.45 1.2 1.33 + 9
Teck Res B* TCK 12169 24.47 22.05 24.41 + 8.9
Western Coppr* WRN 130 0.86 0.75 0.86 + 8.8
Paramount Gld* PZG 3257 1.01 0.9 1.01 + 8.6
Stillwater Mg* SWC 8795 18.7 16.93 18.42 + 8
Gold Std Vnt* GSV 330 0.8 0.7 0.72 - 8.8
Timberline Rs* TLR 298 0.13 0.11 0.12 - 7.6
Quest Rare Mn* QRM 959 0.3 0.26 0.29 - 6.7
Solitario Ex&* XPL 87 1.43 1.3 1.36 - 5.8
Alexco Res* AXU 1066 1.31 1.2 1.2 - 5.5
Eurasian Mnls* EMXX 118 0.82 0.77 0.78 - 4.6
Goldfield* GV 214 1.74 1.67 1.69 - 3.9
Mechel* MTL 334 2.2 2.1 2.1 - 3.6
Molycorp* MCP 21046 2.63 2.31 2.44 - 3.1
Cloud Peak En* CLD 794 18.55 17.63 17.78 - 3

U.S. greatest value change


Company Symbol Change Close Change
Rio Tinto* RIO 1653460 56.67 + 3.24
BHP Billi-BBL* BBL 1588022 68.37 + 3.22
Randgold Res* GOLD 2360897 86.31 + 2.97
Freeport McMo* FCX 49042132 38.51 + 2.44
BHP Billi-BHP* BHP 6878343 71.09 + 2.2
US Silica Hld* SLCA 775162 55.97 + 2.1
Teck Res B* TCK 12168806 24.41 + 2.01
Cliffs Nat Rs* CLF 24303112 16.42 + 1.75
Royal Gold* RGLD 2094919 76.19 + 1.63
Stillwater Mg* SWC 8795347 18.42 + 1.37
MDU Res* MDU 2626328 33.81 - 0.81
Cloud Peak En* CLD 794396 17.78 - 0.56
Alliance Rs P* ARLP 448967 46.7 - 0.53
Mosaic* MOS 11692354 49.19 - 0.51
Agrium* AGU 488921 91.4 - 0.49
Consol Energy* CNX 6230517 45.7 - 0.34
Intrepid Pots* IPI 800225 16.4 - 0.26
US Energy* USEG 310403 4.13 - 0.1
Solitario Ex&* XPL 86990 1.36 - 0.08
Mechel* MTL 333629 2.1 - 0.08


© 1915 - 2014 The Northern Miner. All Rights Reserved.

Related News
California Gold to unlock Fremont's potential
US stock indexes post seventh week of gains, Dec. 1-5
BHP spinoff South32 to launch in mid-2015
Related Press Releases
Fednav to Provide Marine Shipping Solutions for Quest's Strange Lake Development
Pierre Lortie Appointed Chairman of Quest Rare Minerals
Quest Produces 98.4% Purity Heavy Rare Earth Plus Yttrium Concentrate from an Improved Process Flowsheet
 



Horizontal ruler
Horizontal Ruler

Post A Comment

Disclaimer
Note: By submitting your comments you acknowledge that Northern Miner has the right to reproduce, broadcast and publicize those comments or any part thereof in any manner whatsoever. Please note that due to the volume of e-mails we receive, not all comments will be published and those that are published will not be edited. However, all will be carefully read, considered and appreciated.

Your Name (this will appear with your post) *

Email Address (will not be published) *

Comments *



* mandatory fields