Toronto Stock Exchange – June 9-15

Canadian equity markets were mixed during the June 9-15 reporting period, with the S&P/TSX composite index down 154 points, or 1.5%, to 10,395; the Capped Metals and Mining index up 14 points, or 2.2%, to 629; and the Capped Materials index down 11 points, or 3.8%, to 280.

Investors were concerned about a slowdown in factory activity in Europe and in New York State, and U. S. Treasury Secretary Timothy Geithner said that despite signs of stabilization in the world economy, it was too early to reverse economic stimulus measures.

Precious metal prices declined on U. S. dollar strength. The gold sector fell, with leader Barrick Gold down $3.53 at $37.33. The silver sector also declined, with Silver Standard Resources losing $2.14 to $22.51.

The coal sector caught on to last week’s rally in the coal price, with Western Canadian Coal adding 46¢ to $2.09. Grande Cache Coal, Hillsborough Resources and Cline Mining all posted gains.

Molybdenum miners Thompson Creek Metals and Moly Mines gained ground after J. P. Morgan analyst Mike Gambardella projected that the moly price would rise to US$15 per lb. from about US$10. Thompson Creek is hiking production, and J. P. Morgan is rating the company’s shares a top pick with a US$15.50 target. Mercator Minerals, which is building a moly plant at its Mineral Park copper mine in Arizona, added 10¢ to $1.75.

Labrador Iron Ore Royalty Income Fund advanced $3.42 to $34.02 on a report from Goldman Sachs JBWere analysts that iron ore prices could climb by 10% next year after dropping this year.

The nickel price continued to climb, helping First Nickel gain 4¢ to 17¢. The company owns the Lockerby nickel mine near Sudbury, Ont., which has been placed on care and maintenance because of low metals prices. Nickel miner Crowflight Minerals likewise posted a gain, rising 3¢ to 27¢. The advancing nickel price, as well as higher zinc prices, also pushed Lundin Mining to gain 45¢ at $3.36.

In emailed comments, National Bank analysts Pierre Fournier and Angelo Katsoras recommended fertilizer investments, among others, predicting that a looming food crisis will place upward pressure on agricultural commodity prices. Potash Corp. of Saskatchewan added $1.22 to $126.05, and Agrium was up $3.11 at $54.55.

Aura Minerals jumped 19¢ to 62¢ after announcing a $100-million share issue to finance the purchase of three gold mines from YamanaGold.

Centerra Gold lost 92¢ to $6.36 after its Boroo mine in Mongolia was suspended by the government for up to three months.

Katanga Mining dropped 23¢ to 50¢ after announcing an early liquidity closing of US$172 million on its US$250-million rights offering. In return, the company issued 492 million shares to two subsidiaries of commodities trading house Glencore International.

TSX most active issues
	VOLUME	WEEK
	(000s)	HIGH	LOW	CLOSE	CHANGE
Uranium One UUU	101225	2.98	2.39	2.94	+ 0.58
Aura Mnls ORA	44690	0.73	0.44	0.62	+ 0.19
Teck B TCKB	37982	20.95	18.96	19.40	-0.16
Yamana Gold YRI	36004	12.15	10.10	10.16	-1.84
WesternCCoalWTN	32456	2.43	1.60	2.09	+0.46
Mercator Mnls ML	31136	2.10	1.65	1.75	+ 0.10
Lundin Mng LUN	27703	3.45	2.93	3.36	+ 0.45
GrandeCacheCGCE	24571	2.42	1.61	2.07	+0.43
Eastern Platin ELR	21473	0.64	0.56	0.57	-0.06
Crowflight Mnl CML	19675	0.35	0.23	0.27	+ 0.03

TSX greatest percentage change
		VOLUME	WEEK
		(000s)	HIGH	LOW	CLOSE	CHANGE
Thundermin Res	THR	2916	0.20	0.11	0.17	+ 54.5
Inspiration Mg	ISM	1512	0.96	0.58	0.88	+ 51.7
Aura Mnls	ORA	44690	0.73	0.44	0.62	+ 44.1
Genco Res	GGC	856	0.48	0.23	0.34	+ 41.6
Moly Mines	MOL	4126	0.54	0.34	0.51	+ 41.6
Nevada Copper	NCU	980	0.85	0.50	0.69	+ 40.8
WestTimminsM	WTM	8735	1.19	0.75	1.02	+ 34.2
Anaconda Mng	ANX	1013	0.27	0.20	0.25	+ 31.5
First Nickel	FNI	12045	0.19	0.14	0.17	+ 30.7
Hillsborough	HLB	5219	0.38	0.27	0.36	+ 28.5
Katanga Mng	KAT	5805	0.75	0.45	0.50	-31.5
Yorbeau Res A	YRBA	199	0.16	0.10	0.12	-25.0
OceanaGold	OGC	1878	1.14	0.91	0.96	-21.9
New Dawn Mng	ND	99	1.55	1.11	1.15	-21.7
Moydow Mns Int	MOY	10	0.13	0.12	0.12	-20.0
Coeur d Alene	CDM	209	15.58	12.65	12.67	-18.4
North Am En Pa	NOA	78	9.12	7.42	7.50	-17.7
Firstgold	FGD	4524	0.08	0.05	0.05	-16.6
Colombia Goldf	GOL	2670	0.06	0.05	0.05	-16.6
Diamond Fields	DFI	230	0.06	0.05	0.05	-16.6

TSX greatest value change
WEEK
		VOLUME	CLOSE	CHANGE
Labdr I-Ore Ro	LIF_U	814007	34.02	+ 3.42
Agrium	AGU	5630005	54.55	+ 3.11
First Quantum	FM	3719832	54.76	+ 2.76
T hompson Creek	TCM	10025263	12.50	+ 1.68
Potash Cp Sask	POT	4980928	126.05	+ 1.22
Russell Metals	RUS	1688041	15.22	+ 1.16
Major Drilling	MDI	1617606	21.43	+ 1.10
Horizns G Bear	HGD	12314361	7.29	+ 0.98
Ventana Gold	VEN	10215014	5.28	+ 0.84
Sherritt Intl	S	13073707	5.66	+ 0.77
Inmet Mining	IMN	5670664	41.20	-7.34
Agnico-Eagle	AEM	3114453	59.40	-5.55
Barrick Gold	ABX	17440705	37.33	-3.53
Coeur d Alene	CDM	209232	12.67	-2.86
Newmont Mng	NMC	96083	47.06	-2.84
Seabridge Gold	SEA	122381	29.00	-2.53
Goldcorp	G	12028248	38.32	-2.22
Silver Std Res	SSO	610205	22.51	-2.14
Royal Gold	RGL	13569	47.27	-1.95
Yamana Gold	YRI	36004322	10.16	-1.84