Toronto Stock Exchange (March 03, 2008)

The TSX Composite Index closed the Feb. 19- 25 trading period 3.6% higher, at 13,697.45 points as commodities hit new highs.

The Capped Metals and Mining Index jumped 11.5% over the period, up 84.69 points to822.34 after copper reached a 21-month high, closing the period US12 higher at US$3.72 per lb. Nickel rose US22 to US$12.59 per lb.

Spot gold gained 3.7% to U$938.30 per oz., after reaching a high of US$947.50 on Feb. 21; platinum, meanwhile, kept its upward momentum, rising 1.7% or US$35 per oz. to US$2,144 per oz.

Strong gold prices helped the Global Gold Index rise 6%, or 20 points, to 353.79.

In the markets, Uranium Onewas the most actively traded stock and saw the biggest drop over the period, falling 24%, or $1.59, to $5.05 per share on a volume of more than 76 million shares. The company cut its 2008 production forecast by 32% to 3.15 million lbs. U3O8 and lowered its 2009 forecast by 15% to 6.8 million lbs. U3O8. It was the second time Uranium one revised its forecast downward in four months — the original target for 2008 was 7.4 million lbs. U3O8.

Breakwater Resources was the second most actively traded stock, climbing 13 to $1.43 on 42.4 million shares traded. Eastern Platinum was next, with its shares inching up 3 to $3.43 on a trading volume of 39.4 million.

Copper, zinc and gold producer Inmet Mining was the top gainer for the period, soaring $17.44 to $89.87 per share.

Potash Corp. of Saskatchewan was next in line, advancing $14.10 per share to $163.45. The company announced it would not participate in a March auction for Russian potash mineral reserves because market conditions weren’t right.

After a 217% jump in its share price, Opawica Explorations saw the highest percentage increase over the period. The stock jumped 74 to $1.08 apiece on results from eight holes drilled at Opawica’s Atikwa Lake property, 120 km southeast of Kenora, Ont. Hole AT-08-01 intersected a gold and copper zone. A 183-metre intersection graded 1.54

TSX most active issues

grams gold per tonne and 0.39% copper, including about 7 metres grading 4.02 grams gold and 0.87% copper and 27 metres grading 6.43 grams gold and 1.32% copper.

Mega Uraniumshares climbed 44.8% over the period to $3.39 per share after the company released third-phase drill results from the Mustang Lake and Bruce River properties, in Labrador — both part of a 50% joint venture with Santoy Resources. At Mustang

TSX greatest percentage change

Lake, drilling returned 1 metre grading 0.197% U3O8, 60 cm grading 0.167% U3O8 and 98 cm grading 0.11% U3O8. Three holes drilled to a combined 402 metres at Bruce River returned 30 cm grading 0.237% U3O8.

Gammon Gold shares rose 44% to $8.97 each. At US$505 per oz., the company’s cash costs were 14.3% lower in January than the fourth quarter, and about 34% lower than the third quarter.

TSX greatest value change

VOLUME WEEK
( 000s) HIGH LOW CLOSE CHANGE
Uranium One UUU 76181 6.85 4.50 5.05 – 1.59
Breakwater Res BWR 42383 1.48 1.25 1.43 + 0.13
Eastern Platin ELR 39408 3.51 3.33 3.43 + 0.03
Yamana Gold YRI 34878 17.36 15.75 16.94 + 1.59
Lundin Mng LUN 29542 8.20 7.62 8.15 + 0.27
Paladin Energy PDN 26627 5.46 4.93 5.32 – 0.08
Silver Wheaton SLW 25338 16.85 15.75 16.44 + 1.09
Kinross Gold K 23189 24.72 22.77 23.79 + 1.48
Goldcorp G 19763 41.42 37.93 40.95 + 3.76
Timminco TIM 19226 22.98 17.26 22.35 + 5.20
VOLUME WEEK
( 000s) HIGH LOW CLOSE CHANGE
Opawica Expl OPW 12849 1.64 0.35 1.08 + 217.6
Coalcorp wt CCJ_ T 953 0.24 0.13 0.225 + 66.6
Mega Uranium MGA 3003 3.40 2.32 3.39 + 44.8
Gammon Gold GAM 3440 8.80 6.36 8.79 + 44.1
Moto Gold Mine MGL 3497 6.09 4.50 5.70 + 40.0
North Am Pall PDL 4605 9.45 7.29 9.21 + 36.2
Timminco TIM 19226 22.98 17.26 22.35 + 30.3
GBS Gold Intl GBS 2886 1.62 1.18 1.55 + 29.1
Constel Copper CCU 6825 0.09 0.065 0.09 + 28.5
Caledonia Mng CAL 5207 0.215 0.155 0.19 + 26.6
New Gold wt NGD_ T 4185 0.015 0.005 0.01 – 33.3
Avnel Gold AVK 38 0.33 0.28 0.28 – 26.3
Uranium One UUU 76181 6.85 4.50 5.05 – 23.9
Sulliden Expl SUE 361 0.37 0.285 0.285 – 14.9
First Uranium FIU 2451 9.43 7.90 8.05 – 14.2
African Copper ACU 82 1.09 0.99 0.99 – 13.9
Anatolia Minls ANO 1917 4.98 3.70 4.02 – 13.1
Horizns G Bear HGD 4280 10.28 8.86 9.59 – 11.1
Golden Peaks GL 54 1.60 1.37 1.39 – 10.9
Bannerman Res BAN 46 2.36 2.05 2.10 – 10.6
WEEK
VOLUME CLOSE CHANGE
Inmet Mining IMN 2473679 89.87 + 17.44
Potash Cp Sask POT 6714934 163.45 + 14.10
First Quantum FM 5187471 90.95 + 13.55
Agrium AGU 6603706 73.98 + 8.20
Timminco TIM 192264
53
22.35 + 5.20
Fording C C T FDG_ U 4978825 51.32 + 4.32
Teck Comin B TCKB 17274524 37.37 + 4.09
FNX Mining FNX 3558960 31.36 + 3.95
Russell Metals RUS 3042510 27.17 + 3.80
Goldcorp G 19763260 40.95 + 3.76
Uranium One UUU 76181132 5.05 – 1.59
First Uranium FIU 2451240 8.05 – 1.34
Horizns G Bear HGD 4279653 9.59 – 1.20
Major Drilling MDI 833298 53.88 – 0.87
Quadra Mng QUA 6203217 21.06 – 0.84
Kirkland Lk Gd KGI 502260 10.60 – 0.63
Anatolia Minls ANO 1917230 4.02 – 0.61
Imperial Metal III 245525 8.63 – 0.51
Mag Silver MAG 738094 12.10 – 0.35
Bannerman Res BAN 45700 2.10 – 0.25
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