U.S. Markets September 12-18

Resource-based stocks listed on U.S. markets enjoyed a modest recovery over the report period Sept. 12-18 following a recent sell-off driven in part by the perception that commodity and energy prices were overdue for a correction. The rebound helped push the Standard & Poor’s 500 Index up 21.64 points over the session to close at 1,321.18.

Diversified commodity producer Rio Tinto led the list of value gainers, up US$3.30 to close at US$187.56 over the session. Brazilian-based resource conglomerate CVRD was ahead a modest US48 to close at US$20.97.

Energy companies also recouped losses over the previous week, with Peabody Energy up US$2.13 to US$38.11. Arch Coal managed to eke out a gain of US18 to close at US$28.51. With coal prices coming under downward pressure, other producers lost ground, including China-based Yangzhou Coal, which shed US$1.05 to US$33.05.

Copper producers enjoyed a market rebound after last week’s commodity sell-off. Phelps Dodge was up US$2.16 to close at US$86.21, while Southern Peru Copper jumped US$3.27 to US$91.39.

Freeport-McMoRan Copper & Gold has exposure to both gold and copper production at its core asset, the vast Grasberg mine in Indonesia. Shares in the company closed at US$53.44, up US24 from a week ago.

Gold producers had a rougher ride, with Newmont Mining shedding US86 to US$44.82, and Agnico-Eagle Mines down US$1.71 at US$31.56.

Lihir Gold managed to buck the trend and climbed US$1.37 to US$43.10 over the session. The company’s core asset is an open-pit gold mine and pressure oxidation and carbon-in-leach processing facility in Papua New Guinea. The operation is capable of producing an estimated 600,000 oz. gold annually.

Glamis Gold and would-be merger partner Goldcorp were also caught in the downdraft. Glamis fell US$1.43 to US$39.81, while Goldcorp slipped US93 to US$23.74.

Mid-tier and junior companies dominated the list of largest percentage gainers and losers, led once again by Brookmount Exploration, which posted a 48% gain to US20. The junior’s key asset is the Mercedes 100 project in central Peru.

U.S. greatest percentage change

VOLUME(000s) HIGH LOW CLOSE CHANGE
Brookmount Ex* BMXI 434 0.21 0.14 0.20 +48.1
Sao Luis Mng* SAOL 905 1.14 0.77 1.05 +32.9
McKenzie Bay* MKBY 2516 0.27 0.095 0.125 +25.0
Clifton Mng* CFTN 578 0.75 0.55 0.72 +24.1
Cambior Inc* CBJ 2483 3.88 3.17 3.76 +16.0
Madison Minls* MMRSF 655 1.10 0.82 1.02 +15.9
Crystallex In* KRY 2277 3.24 2.82 3.22 +15.8
Tara Gold* TRGD 2580 0.34 0.24 0.31 +10.7
Diamond Discv* DMDD 1441 0.019 0.01 0.011 +10.0
Cleveland-Cli* CLF 3593 39.16 34.85 38.13 +9.3
Michigan Gold* MGGV 4162 0.03 0.013 0.014 -44.0
Konigsberg* KGBC 2090 0.82 0.42 0.45 -40.7
World Vent* WVNTF 140 0.15 0.10 0.10 -33.3
Intl Coal Gp* ICO 14253 5.75 4.15 4.16 -26.3
El Capitan Pr* ECPN 1873 1.28 0.87 0.96 -22.5
Shoshone Silv* SHSH 178 0.30 0.16 0.21 -22.2
NT Holding* NTHH 53 2.00 1.37 1.48 -22.1
Cream Mnrls* CRMXF 84 0.455 0.443 0.443 -20.8
Equitable Mng* EQBM 7512 0.01 0.006 0.009 -18.1
Cardero Res* CDY 303 1.66 1.31 1.39 -16.2

U.S. greatest value change

VOLUME CLOSE CHANGE
Rio Tinto* RTP 1883500 187.56 +3.30
Southern Peru* PCU 4345300 91.39 +3.27
Cleveland-Cli* CLF 3592900 38.13 +3.27
Cabot Corp* CBT 1147500 35.37 +2.27
Phelps Dodge* PD 15609900 86.21 +2.16
Peabody Enrgy* BTU 30048400 38.11 +2.13
Soc Quim&M Ch* SQM 53300 111.00 +2.06
Lihir Gold* LIHRY 192812 43.10 +1.37
Alcoa* AA 19442200 28.48 +1.32
Mesabi Trust* MSB 138400 19.65 +1.32
Westmoreland* WLB 129800 19.09 -1.96
Agnico-Eagle* AEM 8260600 31.56 -1.71
Intl Coal Gp* ICO 14252900 4.16 -1.49
Glamis Gold* GLG 8673000 39.81 -1.43
NovaGold Res* NG 2743200 15.59 -1.31
CONSOL Energy* CNX 14355700 30.68 -1.13
Yanzhou Coal* YZC 101300 33.05 -1.05
Goldcorp* GG 24648100 23.74 -0.96
Teck Comin B* TCK 335100 61.19 -0.93
Newmont Mng* NEM 29659700 44.82 -0.86

U.S. most active issues

VOLUME(000s) HIGH LOW CLOSE CHANGE
AuGrid* AUGC 1212786 0.00 1.0E8 0.00 0.00
Peabody Enrgy* BTU 30048 39.01 35.00 38.11 +2.13
Newmont Mng* NEM 29660 46.32 43.59 44.82 -0.86
Goldcorp* GG 24648 24.94 22.46 23.74 -0.96
CVRD* RIO 23093 21.39 20.02 20.97 +0.48
Barrick Gold* ABX 19792 30.17 27.92 30.00 +0.42
Alcoa* AA 19442 28.83 27.15 28.48 +1.32
Arch Coal* ACI 16356 30.17 27.12 28.51 +0.18
Freeport McMo* FCX 15764 55.07 51.20 53.44 +0.24
Phelps Dodge* PD 15610 87.74 83.16 86.21 +2.16
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