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 Jun 9 - 15, 2014 Volume 100 Number 17 - 0 comments

US stocks finish strong, May 27-30

TEXT SIZE bigger text smaller text
2014-06-04

U.S. equities ended the holiday-shortened trading week in positive territory.

The Dow Jones Industrial Average soared 110.9 points from the week before to close at 16,717.17, while the broader S&P 500 Index gained 23.04 points to 1,923.57, both setting new closing highs. The tech-heavy Nasdaq Composite Index rose 56.81 points to 4,242.62. However, the spot gold price fell US$41.60 per oz. to US$1,251.30.

Ur-Energy topped the week’s percentage gainers, jumping 21.5% to US$1.24. The Littleton, Colo.-based uranium miner reported results from a 14-hole confirmation drilling and coring program at its Shirley basin uranium project in Wyoming. The program provided 13 intercepts containing mineralization, of which seven of the highest grading intercepts ranged from 2 to 4 metres thick and averaged 0.24% eU3O8.  

A week earlier Ur-Energy, the operator of the Lost Creek uranium mine in Wyoming, noted it secured 2014 sales commitments for 518,000 lb. U3O8 at an average realized sales price of US$51.10 per lb. Projected 2014 revenues from those sales are US$26.5 million.

In addition, Ur-Energy has locked down 2015 sale commitments of 630,000 lb. U3O8 averaging US$50.10 per lb., to generate an estimated US$31-million revenue.

 Cantor Fitzgerald analyst Rob Chang has a “buy” and a $2.25 target on the stock.

Alderon Iron Ore rose 8% to US$1.35 after making two big announcements. On May 27, the firm reported that it signed a benefits agreement with the government of Newfoundland and Labrador regarding its Kami iron-ore project in western Labrador. Alderon also received the surface and mining leases required to build the project.

Two days later, Alderon told investors that its board included Ian Ashby, the former president of BHP Billiton’s iron-ore division, and Adrian Loader, the former president and CEO of Shell Canada.

Desjardins analyst Jackie Przybylowski expects Alderon to secure the $1.4 billion it needs for Kami and start construction in the third quarter. She has a “top pick–speculative” rating and a $3.25 price target.

U.S. most active issues


    Volume  
Company Symbol (000s) High Low Close Change
Barrick Gold* ABX 33446 16.36 15.65 16.11 - 0.16
Alpha Nat Res* ANR 31567 3.85 3.34 3.38 - 0.23
Alcoa* AA 28691 13.7 13.32 13.61 + 0.2
Kinross Gold* KGC 25622 3.93 3.66 3.78 - 0.09
Freeport McMo* FCX 23897 34.46 33.67 34.05 - 0.25
Peabody Enrgy* BTU 22584 17.31 16.01 16.16 - 0.65
North Am Pall* PAL 19639 0.32 0.26 0.28 + 0.01
Goldcorp* GG 19327 24.38 22.76 23.37 - 0.68
Newmont Mng* NEM 18330 23.22 22.26 22.89 - 0.31
Hecla Mining* HL 18091 2.87 2.71 2.77 - 0.05

U.S. greatest percentage change


    Volume  
Company Symbol (000s) High Low Close Change
Ur-Energy* URG 712 1.28 1.12 1.24 + 21.5
Gold Std Vnt* GSV 1675 0.69 0.6 0.66 + 13.1
Alderon Irn O* AXX 110 1.48 1.21 1.35 + 8
General Moly* GMO 871 1.11 1 1.02 + 7.3
Solitario Ex&* XPL 98 1.23 1.12 1.2 + 7.1
Uranerz Energ* URZ 1916 1.65 1.36 1.57 + 6.8
Dejour Enterp* DEJ 202 0.23 0.19 0.21 + 5.4
Golden Mnls* AUMN 260 0.59 0.55 0.59 + 5.1
Cameco Corp* CCJ 5724 20.12 19.03 20 + 4.6
OM Group* OMG 608 31.05 29.62 30.8 + 4.6
Midway Gold* MDW 625 1 0.82 0.83 - 20.1
Intl Tower Hi* THM 90 0.63 0.47 0.49 - 13.7
Alexco Res* AXU 1288 1.26 1.03 1.05 - 13.2
Timberline Rs* TLR 432 0.13 0.1 0.12 - 12.8
B2Gold* BTG 6163 2.7 2.37 2.42 - 11
Silver Std Re* SSRI 5096 7.25 6.38 6.54 - 10.5
Northern Dyn* NAK 351 0.8 0.71 0.73 - 9.8
SinoCoking Cl* SCOK 108 1.05 0.85 0.93 - 9.3
Vista Gold* VGZ 1021 0.44 0.38 0.39 - 9.3
Tasman Mtls* TAS 550 1.18 0.95 1.02 - 8.1

U.S. greatest value change


Company Symbol Change Close Change
Hi-Crush Part* HCLP 100127 50.07 + 2.18
US Silica Hld* SLCA 539251 50.57 + 1.71
OM Group* OMG 607778 30.8 + 1.37
Compass Mnls* CMP 244039 92.99 + 1.08
Cameco Corp* CCJ 5723654 20 + 0.89
Mosaic* MOS 5948582 49.99 + 0.7
Cloud Peak En* CLD 751095 18.47 + 0.6
Dominion Diam* DDC 139051 13.16 + 0.54
Alliance Rs P* ARLP 194092 90.95 + 0.29
Rhino Res* RNO 22737 13.2 + 0.27
Rio Tinto* RIO 1745813 51.38 - 1.67
Franco-Nevada* FNV 1527207 46.54 - 1.46
BHP Billi-BBL* BBL 1159884 62.65 - 1.37
Agnico-Eagle* AEM 7411756 30.24 - 1.29
BHP Billi-BHP* BHP 4652691 67.88 - 1.13
Natural Rs Pt* NRP 209506 14.17 - 1.09
Randgold Res* GOLD 1572662 73.93 - 0.93
Silver Std Re* SSRI 5096025 6.54 - 0.77
Stillwater Mg* SWC 6144505 16.81 - 0.77
AngloGold Ash* AU 7454689 15.79 - 0.75


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

Related News
Juniors optimistic at the Precious Metals Summit
Wall Street indexes slide, Sept. 8-12
US stocks advance, Aug. 18-22
Related Press Releases
Gold Standard Completes Initial Resource Estimate for the Pinion Gold Deposit, Carlin Trend Nevada
Ur-Energy to Present at the Fourth Annual Euro Pacific Global Investment Conference in New York City September 9th
Gold Standard Begins Phase 2 Drilling at the Railroad-Pinion Project, Carlin Trend, Nevada
 



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