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TABLE OF CONTENTS Jun 2 - 8, 2014 Volume 100 Number 16 - 0 comments

U.S. stock markets continue to roll, May 19-23

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2014-05-28

U.S. stock markets shunned the bears and rewarded the bulls — while dismissing the old adage to ‘sell in May and go away.’ With stronger-than-expected manufacturing numbers out of Asia pointing to resilience in global growth, the three major U.S. indexes all edged higher for the period.

The Dow Jones Industrial Average was up 116 points to 16,606.27 points, the S&P 500 Index was up 24 points to 1,900.53 points and the Nasdaq was up 105 points to 4,185.81 points.

Most of the gains came from strength in the U.S. small-cap sector, but miners contributed to the growth as well.

The frac sand story is hot amongst investors, with gains by established producers Hi-Crush Partners and U.S. Silica Holdings.

In the case of Hi-Crush Partners, the company outperformed U.S. Silica after opening its Whitehall mine expansion near Whitehall, Wis. — its third production facility in the state. Hi-Crush expanded Whitehall’s capacity to 2.6 million tonnes per year. Coverage on Hi-Crush was also initiated at Cowen and Co., BMO Capital Markets and Bank of America. All three firms came out with positive ratings and aggressive price targets, and the reports helped shares become the biggest dollar gainers for the period, up US$3.52 per share to US$48.47.

U.S. Silica, its rival in the frac sand space, also enjoyed upward momentum. The company continued its hot run over the period, with its stock up US$1.98 to US$49.44. The company’s stock is up 90% since February, with frac-sand demand exploding over the last few years, with more oil and natural gas wells getting the hydraulic-fracturing treatment that requires specialty sand.

But industrial sand didn’t hog the spotlight. Midway Gold ensured that a yellow-metal miner was among the top performers,  with shares up 19% to 98¢ after Midway secured US$55 million in project financing from the Commonwealth Bank of Australia. The capital will help development at Pan — a low cost, oxidized, Carlin-style gold deposit to be mined with shallow open-pit methods and heap leaching. The US$161-million mine is 20% complete, and expected to enter production before 2015.

U.S. most active issues


    Volume  
Company Symbol (000s) High Low Close Change
Alcoa* AA 76552 13.54 13.02 13.52 + 0.07
Alpha Nat Res* ANR 55391 4.26 3.71 3.72 - 0.45
Peabody Enrgy* BTU 40044 18.97 17.2 17.22 - 1.49
North Am Pall* PAL 38567 0.29 0.25 0.26 + 0.01
Arch Coal* ACI 36724 4.18 3.69 3.7 - 0.38
Barrick Gold* ABX 36120 16.96 16.35 16.52 - 0.1
Freeport McMo* FCX 34975 35.29 34.13 34.43 - 0.56
Kinross Gold* KGC 29251 4.07 3.91 3.96 + 0.03
Hecla Mining* HL 24999 3.06 2.87 2.88 - 0.16
Newmont Mng* NEM 23975 24.13 23.27 23.4 - 0.59

U.S. greatest percentage change


    Volume  
Company Symbol (000s) High Low Close Change
Midway Gold* MDW 561 1.02 0.8 0.98 + 19
Northern Dyn* NAK 581 0.85 0.73 0.81 + 11.2
Primero Mng* PPP 253 6.9 6.27 6.86 + 7.8
Hi-Crush Part* HCLP 159 49.75 45.51 48.47 + 7.8
Stillwater Mg* SWC 16195 17.78 16.38 17.46 + 7.1
NovaGold Res* NG 4310 3.31 2.99 3.18 + 5.3
HudBay Mnls* HBM 18 9.85 9.1 9.68 + 5.1
North Am Pall* PAL 38567 0.29 0.25 0.26 + 5.1
SinoCoking Cl* SCOK 76 1.14 1 1.07 + 4.9
US Energy* USEG 459 4.24 3.91 4.23 + 4.9
Timberline Rs* TLR 1336 0.14 0.09 0.1 - 26
Golden Mnls* AUMN 428 0.68 0.57 0.57 - 14.7
Alderon Irn O* AXX 85 1.35 1.11 1.15 - 11.5
Alpha Nat Res* ANR 55391 4.26 3.71 3.72 - 10.7
Eurasian Mnls* EMXX 500 0.8 0.65 0.72 - 10.7
Walter Energy* WLT 3049 6.39 5.69 5.69 - 10.2
Atlatsa Res* ATL 213 0.42 0.37 0.39 - 10.2
Tasman Mtls* TAS 536 1.35 1.05 1.14 - 9.5
Arch Coal* ACI 36724 4.18 3.69 3.7 - 9.3
Tanz Roy Exp* TRX 789 2.13 1.87 1.88 - 8.7

U.S. greatest value change


Company Symbol Change Close Change
Hi-Crush Part* HCLP 158843 48.47 + 3.51
US Silica Hld* SLCA 944198 49.44 + 1.98
Soc Quim&M Ch* SQM 2239215 29.87 + 1.34
Stillwater Mg* SWC 16195192 17.46 + 1.17
Tahoe Res* TAHO 94776 22.47 + 0.79
Teck Res B* TCK 8070514 23.31 + 0.63
OM Group* OMG 796129 29.4 + 0.54
Dominion Diam* DDC 277038 12.74 + 0.5
Primero Mng* PPP 253009 6.86 + 0.5
HudBay Mnls* HBM 18168 9.68 + 0.47
Alliance Rs P* ARLP 373859 90.28 - 1.72
Peabody Enrgy* BTU 40043629 17.22 - 1.49
Cloud Peak En* CLD 1160740 18.18 - 1
Agrium* AGU 536265 90.83 - 0.99
BHP Billi-BHP* BHP 5657371 69.95 - 0.85
Cameco Corp* CCJ 8521320 19.08 - 0.67
Walter Energy* WLT 3049093 5.69 - 0.65
Potash C Sask* POT 20198455 36.32 - 0.63
Newmont Mng* NEM 23975365 23.4 - 0.59
Freeport McMo* FCX 34975464 34.43 - 0.56


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Related News
US stocks rise, Sept.15-19
Midway, Barrick boost Spring Valley resource to 5.5M oz. gold
Midway expands Gold Rock resource
Related Press Releases
Midway Advances toward First Gold Pour at Pan
Midway Advances Toward First Gold Pour at Pan
Midway Gold Appoints William Zisch as Chief Executive Officer
 

Companies in This Story

Midway Gold Corp



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