TORONTO STOCK EXCHANGE – OCT. 28 -NOV. 3

Mining stocks helped boost the S&P-TSX Composite Index over the Oct. 28-Nov. 3 trading period. The TSX rose nearly 14% or 1,284 points to 9,721, giving investors some hope that we’ve reached the bottom — at least for now.

The Capped Metals and Mining Index jumped 23% to close at 357 points, while the Global Gold Index gained more than 19% to nearly 188 points and spot gold closed at US$720 per oz., staying relatively flat.

Potash Corp. of Saskatchewan benefited from the recovery and came out as the top gainer by value. Shares were up $20.80 to close at $102.60 per share. The fertilizer giant was hit with a price target from analysts including UBS Securities, which maintained its buy rating but dropped 12-month targets to $130 from $150.

Fertilizer sister Agrium was next in line, rising $11.17 to finish the period at $46.17 per share. Zacks Equity Research named Agrium as the Bull of the Day on Halloween, for its organic growth and growth through acquisition. The company was given a buy rating with a target of $90 per share.

Agnico-Eagle Mines shares were in the No. 3 spot, up $5.76 per share to $11.17. Agnico earned US$14 million in the third quarter, up 21.7% thanks to foreign currency translation gains and higher gold prices and production. The company produced nearly 69,000 oz. gold, up 23% over the same period last year, and received an average price of US$903 per oz. compared with US$748 per oz. during the same period last year. At the same time, cash costs were US$240 per oz., a big change from the negative US$307 per oz. a year earlier, due mostly to plunging zinc prices.

Finally on the losing end was Horizons Global Gold Bear Plus exchange-traded fund, which is designed to do well when the markets are plunging. The fund fell $6.93 to $11.32, and was at a 52-week low of $7.22 in mid-July, reaching a new high of $21.01 on Oct. 24.

Yamana Gold shares rose $1.01 to $5.75 on a trading volume of nearly 40 million shares, making it the most actively traded stock of the week. Uranium One followed with 35.2 million shares traded, gaining 38 to $1.02, while Teck gained $1.24, putting shares at $12 apiece. Bad weather forced Teck to declare force majeure on shipments of lead and zinc concentrate from its Red Dog open-pit mine in Alaska. The shorter-than-usual shipping season means the company won’t be able to ship about 20,000 tonnes of zinc in concentrate and 1,100 tonnes of lead in concentrate.

Peregrine Diamonds shares did well on a percentage basis, rising 86.3% to 41. The company reported finding diamonds at its Chidliak property on Baffin Island in the CH-2 and CH-3 kimberlites and new results from the CH-1 kimberlite, which show a coarse diamond size distribution.

TSX most active issues
VOLUME WEEK
(000s) HIGH LOW CLOSE CHANGE
Yamana Gold YRI 39996 6.27 4.75 5.75 + 1.01
Uranium One UUU 35228 1.15 0.60 1.02 + 0.38
Teck B TCKB 34454 13.50 10.76 12.00 + 1.24
HoriznsGBull HGU 33498 6.87 4.31 5.95 +1.57
KinrossGold K 29208 13.77 9.90 12.55 +2.54
Eastern Platin ELR 28944 0.44 0.34 0.36 -0.03
Barrick Gold ABX 27292 29.88 23.16 27.56 + 5.05
Goldcorp G 23205 25.15 18.76 22.54 + 3.79
Frontera Coppr FCC 18643 0.50 0.22 0.37 + 0.12
Lundin Mng LUN 18561 1.99 1.25 1.80 + 0.48
TSX greatest percentage change
VOLUME WEEK
(000s) HIGH LOW CLOSE CHANGE
St Andrew Gldf SAS 7517 0.20 0.08 0.20 +150.0
Revett Mnls RVM 4123 0.25 0.10 0.23 +109.0
Great Panther GPR 1517 0.42 0.18 0.41 + 95.2
Carpathian Gld CPN 1723 0.25 0.09 0.19 + 90.0
Asbestos Corp AB 26 0.20 0.10 0.19 + 90.0
Lydian Intl LYD 58 0.28 0.12 0.28 + 86.6
Peregrine Diam PGD 599 0.45 0.24 0.41 + 86.3
Avalon Vent AVL 128 0.90 0.41 0.80 + 81.8
Ur-Energy URE 3382 0.65 0.38 0.64 + 77.7
Teal Expl & Mg TL 82 0.40 0.24 0.28 + 75.0
Avnel Gold AVK 2589 0.10 0.03 0.03 -78.5
Colombia Goldf GOL 185 0.12 0.04 0.04 -60.0
Arehada Mining AHD 643 0.05 0.03 0.04 -42.8
Horizns G Bear HGD 4307 17.90 10.04 11.32 -37.9
GLR Res GRS 1472 0.04 0.01 0.02 -33.3
Pure Diam Expl PUG 355 0.04 0.03 0.03 -25.0
Foraco Intl FAR 23 1.21 0.86 0.91 -24.7
Atlanta Gold ATG 43 0.30 0.17 0.24 -22.5
Coalcorp Mng CCJ 551 1.01 0.60 0.72 -20.8
Delta Uran DUR 132 0.10 0.08 0.08 -20.0
TSX greatest value change
WEEK
VOLUME CLOSE CHANGE
Potash Cp Sask POT 12320204 102.60 + 20.80
Agrium AGU 10553022 46.17 + 11.17
Agnico-Eagle AEM 7536416 33.26 + 5.76
First Quantum FM 3628300 25.
40
+ 5.40
Barrick Gold ABX 27291918 27.56 + 5.05
Royal Gold RGL 16609 34.84 + 4.97
Franco-Nevada FNV 1738886 17.27 + 4.37
Goldcorp G 23204702 22.54 + 3.79
Newmont Mng NMC 82088 31.61 + 3.47
Cameco Corp CCO 6818674 19.73 + 3.32
IShCOMEXGTr IGT 173007 85.68 -7.30
Horizns G Bear HGD 4306948 11.32 -6.93
Central Gold-T GTU_U 23058 38.26 -1.34
Imperial Metal III 272583 2.29 -0.47
Solitario Res SLR 40245 2.40 -0.40
Gammon Gold GAM 4891957 4.04 -0.34
Foraco Intl FAR 22802 0.91 -0.30
Central Fund CEFA 590683 10.65 -0.28
Centerra Gold CG 2243300 1.05 -0.25
Cardero Res CDU 924589 1.62 -0.24
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