U.S. Markets September 5-11

Commodity prices took a tumble that translated into lower share prices for most resource companies listed on U.S. markets during the report period ended Sept. 11. The Standard & Poor’s 500 Index shed 11.47 points to close at 1,299.54 as investors looked to other sectors to make trading gains.

Energy companies were particularly hard hit, with Peabody Energy losing US$8.72 to close at US$35.98 in heavy volume, and Arch Coal down US$5.32 to US$28.33.

Robust prices for uranium helped Uranerz Energy to escape the commodity downturn. The company was up almost a dime to US$2.53.

Gold companies came under downward pressure, led once again by Newmont Mining, whose share price goes up and down with the gold price because of its non-hedging policy. The Denver, Colo.-based company lost US$5.43 to close at US$45.68.

Goldcorp shed another US$2.65 to US$24.70, reflecting a persistent lack of investor enthusiasm for its pricey takeover bid for Glamis Gold.

African-focused gold miner AngloGold Ashanti dropped US$6.05 to US$40.40, in keeping with the general sell-off among gold stocks.

Copper producers also took the brunt of the correction in commodities, with Phelps Dodge tumbling to US$84.05, down US$6.70 over the session. Freeport-McMoRan Copper & Gold fell to US$53.95, off US$5.41 over the period. The company’s core asset is the vast Grasberg copper-gold mine in Indonesia.

Diversified producer Rio Tinto has benefited handsomely from high commodity prices for the past few years, but this market correction clipped US$20.77 off its share price to close at US$184.26.

ASA (Bermuda) posted a loss of US$6.40 to US$56.60, reflecting its exposure to precious metals, diamonds and other precious minerals. The closed-end investment vehicle holds a portfolio of resource companies engaged in exploration, mining and processing of precious metals and minerals, and also invests in gold, silver and platinum bullion or securities that replicate their price movements.

The largest percentage movers were a handful of junior companies, led by Brookmount Explorations, which is exploring its core Mercedes 100 gold property in Peru, and the more recently acquired Rock Creek polymetallic prospect in the Greenwood mining division of south-central British Columbia. Brookmount gained US0.03 to close at US13.5.

Alcoa also lost ground over the session, off US$1.85 to US$27.16 as investors lightened up on their exposure to industrials and resource stocks, at least for the time being.

U.S. greatest percentage change

VOLUME(000s) HIGH LOW CLOSE CHANGE
Brookmount Ex* BMXI 349 0.15 0.11 0.135 +28.5
Commerce Grp* CGCO 60 0.12 0.09 0.10 +25.0
Goldspring* GSPG 16429 0.006 0.005 0.006 +20.0
World Vent* WVNTF 45 0.15 0.135 0.15 +11.1
New Jersey Mg* NJMC 187 0.74 0.51 0.69 +6.1
Trend Mng* TRDM 773 0.14 0.115 0.125 +4.1
Uranerz Energ* URZ 247 2.74 2.45 2.53 +3.6
Glencairn Gld* GLE 861 0.71 0.60 0.60 +3.4
Puda Coal* PUDC 115 3.44 3.24 3.35 +3.4
CanAlaska Ven* CVVLF 1952 0.53 0.352 0.372 +3.3
El Capitan Pr* ECPN 1071 1.75 1.18 1.24 -25.3
Campbell Res* CBLRF 195 0.158 0.12 0.12 -24.0
Birch Mountn* BMD 994 3.86 2.85 2.94 -23.2
Tanz Roy Exp* TRE 1698 7.24 5.38 5.39 -22.8
Seabridge Gld* SA 806 15.30 11.16 11.33 -21.7
Golden Eagle* MYNG 5117 0.013 0.01 0.011 1.4
Colombia Gldf* CGDF 173 1.50 1.22 1.26 -21.2
Northw Min Vt* NWTMF 1956 0.42 0.32 0.332 -20.9
Liberty Star* LBTS 8327 0.91 0.60 0.61 -20.7
Vista Gold* VGZ 802 13.47 9.77 10.15 -20.6 2

U.S. greatest value change

VOLUME CLOSE CHANGE
Puda Coal* PUDC 115040 3.35 +0.11
Uranerz Energ* URZ 246900 2.53 +0.09
New Jersey Mg* NJMC 186875 0.69 +0.04
Brookmount Ex* BMXI 348694 0.135 +0.03
Grand Cen Sil* GSLM 66405 1.50 +0.03
Commerce Grp* CGCO 59781 0.10 +0.02
Glencairn Gld* GLE 860700 0.60 +0.02
Little Squaw* LITS 156921 1.60 +0.02
World Vent* WVNTF 45100 0.15 +0.015
CanAlaska Ven* CVVLF 1951815 0.372 +0.012
Rio Tinto* RTP 2231500 184.26 -20.77
Peabody Enrgy* BTU 26866800 35.98 -8.72
Phelps Dodge* PD 17487800 84.05 -6.70
ASA (Bermuda)* ASA 384600 56.50 -6.40
AngloGold Ash* AU 4737600 40.40 -6.05
Lihir Gold* LIHRY 221479 41.73 -5.85
Newmont Mng* NEM 25515500 45.68 -5.43
Freeport McMo* FCX 12544900 53.95 -5.41
Arch Coal* ACI 12032600 28.33 -5.32
Agnico-Eagle* AEM 7951300 33.27 -5.29

U.S. most active issues

VOLUME(000s) HIGH LOW CLOSE CHANGE
AuGrid* AUGC 1700409 0.00 1.0E8 0.00 0.00
Peabody Enrgy* BTU 26867 44.71 35.90 35.98 -8.72
Newmont Mng* NEM 25516 52.64 45.55 45.68 -5.43
Goldcorp* GG 22217 28.80 24.57 24.70 -2.65
Alcoa* AA 20997 29.59 26.98 27.16 -1.85
CVRD* RIO 20995 22.92 20.35 20.49 -1.77
Coeur d Alene* CDE 19080 5.84 4.64 4.80 -0.76
Phelps Dodge* PD 17488 94.71 82.95 84.05 -6.70
Barrick Gold* ABX 16869 34.47 29.58 29.58 -3.85
Goldspring* GSPG 16429 0.006 0.005 0.006 +0.001
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