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TABLE OF CONTENTS Apr 14 - 20, 2014 Volume 100 Number 9 - 0 comments

U.S. markets uninspired, March 31- April 4

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2014-04-09

Markets in the U.S. were mixed, as evidenced by the three main indexes showing varied results. While the Dow Jones Industrial Average was up 88 points to 16,412.71 points and the S&P 500 Index gained 6 points to finish at 1,865.09 points, the Nasdaq lost ground and was down 58 points to 4,127.73 points. The Nasdaq’s poor performance was likely a symptom of earnings expectations falling for U.S. companies overall.

But the generally uninspired mood for markets didn’t dampen the good news for two prospective silver miners with adjacent projects in Montana. Word from the federal government that building a silver–copper mine beneath the state’s Cabinet Mountain Wilderness wouldn’t jeopardize the local grizzly bear population had both Mines Management and Revett Mining shares on a run. The U.S. Fish and Wildlife Service said Mines Management’s Montanore mine would lead to the loss of one protected grizzly, but the required mitigation will more than make up for the loss. The mitigation includes a provision for the company to acquire 5,000 acres of grizzly habitat that would otherwise be at risk for development. The news sent Mines Management shares up 10% to $1.22, while Revett Mining’s stock climbed 16% to close the period at 88¢. Revett is developing the Rock Creek project, which is next to Montanore.

Loncor Resources’ fortunes weren’t as impressive, as the company’s stock dropped 19% to 13¢ after it voluntarily delisted from the New York Stock Exchange. The exchange told the company in March that it had until April 2 to submit a plan to gain compliance with its guidelines by next year. Instead Loncor decided the disadvantages of maintaining its listing outweighed any advantages. Loncor has the Ngayu and North Kivu gold projects in the Democratic Republic of the Congo and is listed on the TSX Venture exchange.

Allied Nevada Gold shares lost 7% to close the period at $4.34, and were falling at press time. In 2012 they traded for near $40. The company is being taken to court for alleged false and misleading statements about its financial performance and prospects, and failure to disclose adverse operational facts. Allied Nevada denies the allegations.

U.S. most active issues


    Volume  
Company Symbol (000s) High Low Close Change
Alcoa* AA 127428 13.18 12.51 12.63 + 0.15
Kinross Gold* KGC 71586 4.39 4.08 4.3 + 0.09
Cliffs Nat Rs* CLF 65072 21.15 19.72 20.53 + 0.53
Barrick Gold* ABX 52535 19.01 17.74 18.48 + 0.18
Alpha Nat Res* ANR 50357 4.77 4.2 4.56 + 0.3
Arch Coal* ACI 42675 5.19 4.71 5.02 + 0.21
Freeport McMo* FCX 42258 33.8 32.64 33.32 + 0.46
Newmont Mng* NEM 34111 24.65 23.31 24.11 + 0.19
Peabody Enrgy* BTU 33036 17.5 16.02 17.22 + 1.1
Potash C Sask* POT 30496 36.29 34.33 34.46 - 1.1

U.S. greatest percentage change


    Volume  
Company Symbol (000s) High Low Close Change
Revett Mnls* RVM 539 0.92 0.75 0.88 + 15.8
Solitario Ex&* XPL 535 1.51 1.22 1.37 + 9.9
Mines Managem* MGN 755 1.35 1.05 1.22 + 9.9
Almaden Mnls* AAU 476 1.5 1.35 1.5 + 9.4
Denison Mines* DNN 855 1.63 1.45 1.58 + 8.9
Thompson Crk* TC 1083 2.48 2.15 2.36 + 8.2
Platinum Gp M* PLG 82 1.11 1 1.1 + 7.8
Gold Std Vnt* GSV 373 0.62 0.55 0.61 + 7.3
Tasman Mtls* TAS 627 1.64 1.33 1.49 + 7.1
Alpha Nat Res* ANR 50357 4.77 4.2 4.56 + 7
Loncor Res* LON 96 0.17 0.12 0.13 - 18.7
General Moly* GMO 2170 1.05 0.9 0.9 - 12.4
Dejour Enterp* DEJ 702 0.27 0.22 0.23 - 11.7
Midway Gold* MDW 489 1.08 0.98 0.98 - 6.5
Allied Nevada* ANV 1760 4.64 4.2 4.34 - 6.4
Uranium Ener* UEC 2418 1.44 1.25 1.25 - 6
Atlatsa Res* ATL 678 0.53 0.41 0.44 - 5.6
NovaCopper* NCQ 502 1.44 1.29 1.29 - 5.1
Eurasian Mnls* EMXX 240 1.06 0.97 1.01 - 4.7
Paramount Gld* PZG 2497 1.35 1.22 1.25 - 3.8

U.S. greatest value change


Company Symbol Change Close Change
BHP Billi-BBL* BBL 2815398 64.27 + 2.57
BHP Billi-BHP* BHP 9537557 69.9 + 2.47
US Silica Hld* SLCA 1511775 38.99 + 2.46
Cabot Corp* CBT 1538736 59.26 + 2.3
Compass Mnls* CMP 286162 83.5 + 2.12
Alliance Rs P* ARLP 380679 84.83 + 2.03
Hi-Crush Part* HCLP 56105 41.1 + 2.03
Cameco Corp* CCJ 12114666 24.51 + 1.5
Mesabi Trust* MSB 257771 21.21 + 1.3
Royal Gold* RGLD 3389484 64.51 + 1.22
Agrium* AGU 891282 94.22 - 2.19
Potash C Sask* POT 30495964 34.46 - 1.1
OM Group* OMG 853751 32.08 - 0.56
Agnico-Eagle* AEM 7930185 30.9 - 0.39
Soc Quim&M Ch* SQM 4433259 30.57 - 0.36
Coeur Mng* CDE 7238837 9.31 - 0.32
Yamana Gold* AUY 8497375 8.66 - 0.32
Silver Wheatn* SLW 16710040 22.78 - 0.3
Allied Nevada* ANV 1759662 4.34 - 0.3
AngloGold Ash* AU 13541211 17.28 - 0.27


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Related News
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Related Press Releases
Allied Nevada Announces Preliminary Q3 Production and Sales
Allied Nevada Announces Hycroft Mill Expansion Feasibility Results Highlighted by Improved Projected Returns
Allied Nevada Provides Update on Timing of Feasibility Study Results, Third Quarter 2014 Production and Financials
 



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