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TABLE OF CONTENTS Dec 23 - 29, 2013 Volume 99 Number 45 - 0 comments

U.S. markets, Dec. 9-13

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2013-12-18

U.S. markets took a hit during the week, with the Dow Jones Industrial Average falling 264.84 points, or 1.6% to 15,755.36. The broader S&P 500 Index tumbled nearly 30 points to 1,775.32. The Nasdaq Composite Index slipped 61.54 points to 4,000.98. The spot gold price advanced US$8 per oz. to US$1,238.70. 

Pacific Booker Minerals was the top value and percentage gainer, soaring 63%, or US$2.47, to US$6.37 per share. The boost came after the B.C. Supreme Court quashed the provincial government’s decision to reject the company’s proposed Morrison copper–gold mine last October. The Vancouver-based firm reported that a 55-page court judgment released on Dec. 9 said that the decision by the previous ministers to withhold an environmental-assessment certificate wasn’t procedurally fair. The firm has invested nearly 10 years and $10 million to complete the environmental-assessment process.

Franco-Nevada climbed US$2.35 to US$39.74 after reporting a US$135-million streaming deal with Teranga Gold. The cash component allows Teranga to pay down half of its US$60-million bank loan and buy the remaining 56.5% interest in the Oromin joint-venture group, which holds gold deposits in Senegal. In return, Teranga will give Franco-Nevada 22,500 gold oz. a year from 2014 to 2019, followed by 6% of production in 2020 and beyond. Franco-Nevada will pay 20% of the spot gold price for each ounce delivered. The deal has a 40-year term and should close on Jan. 17, 2014.

“The transaction is NPV accretive for FNV. The Teranga gold stream could represent up to 8% of FNV’s annual revenues, and further supports the long-term target to earn over 80% of its revenue from precious metals,” BMO analyst David Haughton notes.

Barrick Gold was one of the most traded stocks, with 85.8 million shares changing hands. It closed up US$1.34 per share to US$16.74, despite reports that Barrick would dismiss 1,500 of its 5,000 workers on the Argentine side of its halted Pascua-Lama gold–silver project.

U.S. most active issues


    Volume  
Company Symbol (000s) High Low Close Change
Alpha Nat Res* ANR 95842 7.71 6.15 6.32 - 0.25
Barrick Gold* ABX 85839 17 15.61 16.74 + 1.34
Alcoa* AA 85807 9.62 9.29 9.51 + 0.15
Arch Coal* ACI 52141 4.77 4.1 4.15 - 0.12
Newmont Mng* NEM 46190 24.57 22.68 23.28 + 0.26
Kinross Gold* KGC 45148 4.88 4.48 4.59 + 0.05
Freeport McMo* FCX 44356 35.25 33.94 34.34 + 0.09
Goldcorp* GG 38309 22.07 20.57 21.06 + 0.05
Peabody Enrgy* BTU 30265 19.38 18.05 18.41 - 0.23
Potash C Sask* POT 29915 31.68 30.42 30.82 - 0.72

U.S. greatest percentage change


    Volume  
Company Symbol (000s) High Low Close Change
Pac Booker Mn* PBM 39 8.18 3.9 6.37 + 63.3
Timberline Rs* TLR 1171 0.19 0.14 0.19 + 23.3
Lake Shore Gd* LSG 1649 0.45 0.38 0.44 + 15.7
Alexco Res* AXU 2547 1.4 1.15 1.39 + 13
North Am Pall* PAL 11771 0.49 0.37 0.44 + 12
Intl Tower Hi* THM 166 0.42 0.36 0.41 + 10.8
Minco Gold* MGH 272 0.19 0.16 0.18 + 9
Barrick Gold* ABX 85839 17 15.61 16.74 + 8.7
Silver Std Re* SSRI 6337 6.45 5.85 6.3 + 8.6
Rio Alto Mng* RIOM 136 1.39 1.26 1.38 + 8.6
Loncor Res* LON 16 0.14 0.11 0.11 - 20.2
NovaCopper* NCQ 5811 1.85 1.35 1.53 - 16.3
Oxford Res P* OXF 26 1.37 1.14 1.15 - 15.4
Iamgold* IAG 8594 4.11 3.4 3.43 - 11.3
Banro* BAA 3716 0.63 0.53 0.54 - 10.5
Golden Mnls* AUMN 1207 0.55 0.43 0.43 - 9.6
Uranium Res* URRE 839 3.19 2.75 2.82 - 9.6
Rare Elemt Re* REE 1329 1.54 1.36 1.36 - 9.3
Uranium Ener* UEC 1113 1.88 1.65 1.66 - 9.2
Avalon Rare M* AVL 4555 0.58 0.46 0.51 - 9.2

U.S. greatest value change


Company Symbol Change Close Change
Pac Booker Mn* PBM 38739 6.37 + 2.47
Franco-Nevada* FNV 3591657 39.74 + 2.35
Barrick Gold* ABX 85838647 16.74 + 1.34
Royal Gold* RGLD 4136361 45.32 + 1.17
Compass Mnls* CMP 259835 74.08 + 1.16
Agnico-Eagle* AEM 8753578 26.37 + 0.92
Mesabi Trust* MSB 219265 22.59 + 0.87
Central GoldT* GTU 506548 43.16 + 0.72
Pan Am Silver* PAAS 10175403 10.99 + 0.7
Consol Energy* CNX 10182693 37.18 + 0.59
BHP Billi-BHP* BHP 8505539 63.74 - 3.79
BHP Billi-BBL* BBL 2870492 57.15 - 3.33
US Silica Hld* SLCA 1342169 32.29 - 2.83
Mosaic* MOS 20717935 43.97 - 2.82
Rio Tinto* RIO 1834644 51.78 - 2.06
Randgold Res* GOLD 4392605 64.08 - 1.36
Soc Quim&M Ch* SQM 3838355 23.16 - 1.09
Cliffs Nat Rs* CLF 28772326 23.51 - 1.06
Agrium* AGU 724827 89.4 - 1.03
Amcol Intl* ACO 145529 30.1 - 0.87


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