Toronto Stock Exchange – OCTOBER 13-19

The TSX Composite Index held steady over the Oct. 13-19 trading period, gaining 101.47 points to finish at 11,538.390.

The Capped Metals and Mining Index rose a notable 2.5%, or 23.46 points, rising to 958.03 points.

And as gold reached another record high this week, touching US$1,070 per oz., and the Canadian dollar rose toward parity with the U. S. dollar, the Global Gold Index slipped 2.71 points to close at 344.68 points.

The gold producers were on the losing side over the period, including Barrick Gold, down $1.14 per share to $$40.11. Barrick is cutting 80 jobs from its Toronto office to save US$50 million (pretax) per year. The company will take a US$30 million charge between the third and fourth quarters as a result.

Seabridge Gold shares fell $2.03 to $24.77. The company announced that an agreement to sell its Red Mountain project in British Columbia to Bon Terra Resources for $12 million has fallen through. Seabridge is now looking for another buyer.

Agnico-Eagle Mines shares fell $1.54 during the period to $73.45. Agnico-Eagle CFO, David Garofalo told Reuters that he expects the gold price will reach US$2,300 per oz., though he didn’t give a timeline.

The most actively traded stock was Eastern Platinum, a Canadian company that produces platinum in South Africa’s Bushveld igneous complex, with 55.3 million shares traded. Shares rose 20% to 81¢ on no news.

The largest value change in share price went to Potash Corp. of Saskatchewan, up $12.50 to $106.84 per share. Next in line was another fertilizer heavyweight, Agrium, up $4.07 to close at $58.90 per share.

Takeover speculation has been abuzz for a while now, with many wondering whether giants like BHP Billiton or Vale will be making deals anytime soon.

A Bank of America Merrill Lynch report suggested that BHP could afford to take over of Potash Corp., with a 30% premium.

Agrium, is selling part of its Carseland nitrogen facility east of Calgary to Terra Industries, which is considered part of its strategy to buy rival CF Industries Holdings.

Anticipation that it would soon be able to reopen its Jerritt Caynon gold mine in Nevada gave Yukon-Nevada Gold almost doubled shares to 35¢.

The company signed a consent decree with the state environmental regulators and had to pay US$550,000 in fines for issues related to the mine’s mercury emissions. The mill was ordered closed on May 30.

Far West Mining was another top gainer. Shares jumped 56.4% to $3.05 per share. The company announced a financing for $10 million at 2.04 per share with Quadra Mining. Quadra will be given anti-dilution rights to maintain its interest in Free West — the deal gives Quadra a 7.9% interest which could rise to 14.64% if all warrants are exercised.

TSX most active issues
	VOLUME	WEEK
	(000s)	HIGH	LOW	CLOSE	CHANGE
Eastern Platin ELR	55344	0.87	0.63	0.81	+ 0.20
Breakwater Res BWR	45400	0.47	0.38	0.41	+ 0.04
Lundin Mng LUN	44703	4.66	3.70	4.60	+ 0.86
Starfield Res SRU	32767	0.14	0.10	0.12	+ 0.03
Yamana Gold YRI	29113	13.11	12.31	12.79	+ 0.17
Timminco TIM	28997	3.08	1.26	2.66	+ 1.35
New Gold NGD	26524	4.71	4.38	4.45	+ 0.01
Yukon-Nev Gold YNG	21377	0.41	0.18	0.35	+ 0.17
Centamin Egypt CEE	20245	2.05	1.86	1.98	+ 0.12
Baffinland Irn BIM	18955	0.74	0.54	0.65	+ 0.10

TSX greatest percentage change
		VOLUME	WEEK
		(000s)	HIGH	LOW	CLOSE	CHANGE
Timminco	TIM	28997	3.08	1.26	2.66	+103.0
Yukon-Nev Gold	YNG	21377	0.41	0.18	0.35	+ 94.4
Moydow Mns Int	MOY	1622	0.38	0.18	0.32	+ 88.2
Far West Mng	FWM	266	3.15	1.82	3.05	+ 56.4
BioteQ Env	BQE	1066	1.50	0.89	1.40	+ 55.5
Armistice Res	AZ	5641	0.28	0.12	0.20	+ 53.8
Wallbridge Mng	WM	1351	0.27	0.19	0.27	+ 50.0
North Atlc Res	NAC	1718	0.09	0.05	0.06	+ 50.0
Canadn Royalts	CZZ	9245	0.80	0.53	0.80	+ 48.1
Marathon PGM	MAR	469	0.99	0.68	0.96	+ 43.2
BRC DiamondCr	BCD	158	0.08	0.05	0.05	-28.5
Grandview Gld	GVX	377	0.11	0.08	0.08	-27.2
Arehada Mining	AHD	250	0.21	0.16	0.16	-27.2
Crew Gold	CRU	939	0.44	0.33	0.35	-25.5
Avnel Gold	AVK	325	0.18	0.15	0.18	-21.7
Ontex Res	ONT	1160	0.40	0.32	0.34	-19.0
Niocan Inc	NIO	13	0.38	0.32	0.32	-15.7
Banro Res	BAA	613	3.22	2.66	2.72	-14.4
Australn Solom	SGA	208	0.35	0.30	0.30	-14.2
Uranerz Energy	URZ	519	2.26	1.95	1.95	-14.1

Labdr I-Ore Ro

TSX greatest value change
WEEK
		VOLUME	CLOSE	CHANGE
Potash Cp Sask	POT	5311254	106.84	+ 12.50
Agrium	AGU	4904901	58.90	+ 4.97
Inmet Mining	IMN	1372565	66.41	+ 3.41
First Quantum	FM	1983108	72.99	+ 2.56
LIF_U	437696	40.85	+ 1.90
Altius Mnrls	ALS	1159534	7.61	+ 1.57
Timminco	TIM	28996600	2.66	+ 1.35
Harry Winston	HW	1143394	10.84	+ 1.34
Aquiline Res	AQI	14174790	6.49	+ 1.25
Teck A	TCKA	19932	34.10	+ 1.23
Pan Am Silver	PAA	2623504	24.77	-2.22
Seabridge Gold	SEA	229631	26.80	-2.02
Franco-Nevada	FNV	1699117	28.52	-1.83
Agnico-Eagle	AEM	3042714	73.45	-1.54
Barrick Gold	ABX	15888543	40.11	-1.14
Major Drilling	MDI	429309	23.19	-0.92
Silver Std Res	SSO	680740	22.53	-0.87
Ivanhoe Mines	IVN	3547173	12.46	-0.54
HudBay Minls	HBM	6664650	14.82	-0.48
Banro Res	BAA	613013	2.72	-0.46