Toronto Stock Exchange June 23-29

The S&P/TSX Composite index managed to gain back some of its losses from the previous period as marginal amounts of confidence in the global economy returned to markets. The June 23-29 period saw the index climb 642 points on the back of stronger oil prices and a corresponding push in the energy sector.

At presstime, however, such confidence was proving shaky, as the market was heading south after data showed lower levels of consumer confidence in June than in the previous two months.

The Global Gold index managed to carve out a solid gain for the period, tracing the price of the yellow metal upwards. The gold price was up roughly US$16 and finished at US$935.50 per oz., helping to bolster the index by 30 points to 324.56.

It was also a good period for base metals as evidenced by the Capped Metals and Mining index climbing 40 points to 617.47. The positive move came on the back of higher prices for copper, aluminum, nickel, tin, lead and zinc, as economic data showed Chinese consumption remaining high as a byproduct of the government’s massive infrastructure program.

Lake Shore Gold saw its share price surge 50¢ or 20.5% and its joint-venture partner West Timmins Mining rose 55¢ or 53.9%, both in one day, after announcing a bonanza intercept at their Thunder Creek gold property near Timmins, Ont. The best hole intersected 12.75 grams gold per tonne over 83.4 metres, including 24.68 grams gold over 13 metres, 38.22 grams gold over 11 metres and 26.78 grams gold over 8.5 metres.

Golden Star Resources’ share price climbed nearly 30% to $2.39. The company with two operating mines in Ghana rode news of new savings on electricity for its mines. Power costs had jumped last summer when the country raised the price of power to 18¢ per kilowatt-hour from 10¢. The authority in charge of electricity announced that the cost would be slashed to just 8¢ per

kilowatt-hour and that the new rate would be implemented retroactively to January of this year. The change in price will reduce the company’s cash costs by US$56 per oz. to US$515 per oz. for the first quarter.

Crew Gold saw its share price tumble by 23% to finish the period at 61¢ after announcing lower than expected production guidance for 2009 at its LEFA gold mine in Guinea. Previous guidance for the mine had pegged production at 290,000 oz. but now the company says the number will be between 220,000 oz. and 240,000 oz. Crew blames plant equipment failures during the first six months of the year and refurbishment of the mining fleet taking longer than expected. It expects to reach its original planned rate of production in 2010.

TSX most active issues
	VOLUME	WEEK
	(000s)	HIGH	LOW	CLOSE	CHANGE
Teck B TCKB	43273	19.43	16.95	18.58	+ 1.82
Centamin Egypt CEE	35534	1.77	1.48	1.69	+ 0.13
West Timmins MWTM	34633	1.73	0.95	1.67	+ 0.71
Yamana Gold YRI	30167	10.93	9.54	10.61	+ 0.92
Lundin Mng LUN	28391	3.39	2.96	3.39	+ 0.15
WesternCCoalWTN	27990	2.19	1.55	1.95	+0.25
B2Gold BTO	22089	0.82	0.70	0.77	-0.00
Uranium One UUU	20183	2.84	2.46	2.79	+ 0.12
Grande Cache C GCE	19888	2.11	1.60	1.90	+ 0.24
Mercator Mnls ML	17749	1.53	1.28	1.43	+ 0.01

TSX greatest percentage change
		VOLUME	WEEK
		(000s)	HIGH	LOW	CLOSE	CHANGE
Gitennes Expl	GIT	183	0.09	0.06	0.09	+125.0
WestTimminsM	WTM	34633	1.73	0.95	1.67	+ 73.9
Colombia Goldf	GOL	3467	0.05	0.03	0.05	+ 66.6
Copper Mesa	CUX	708	0.03	0.01	0.03	+ 50.0
Diamond Fields	DFI	615	0.07	0.04	0.07	+ 40.0
Uranerz Energy	URZ	337	2.57	1.58	2.20	+ 35.8
Crosshair E&Mg	CXX	709	0.23	0.18	0.23	+ 35.2
Moneta Porcpn	ME	560	0.19	0.14	0.17	+ 30.7
Golden Star	GSC	3465	2.45	1.79	2.39	+ 29.1
VG Gold	VG	72	0.10	0.09	0.09	+ 28.5
Fletcher Nicke	FL	153	0.04	0.03	0.03	-50.0
CIC Energy	ELC	192	2.65	1.91	1.95	-26.4
Zincore Mtls	ZNC	422	0.11	0.08	0.09	-25.0
Carlisle Goldf	CGJ	2442	0.04	0.03	0.03	-25.0
Yukon Gold	YK	351	0.05	0.03	0.03	-25.0
Crew Gold	CRU	52	0.74	0.61	0.61	-22.7
Velocity Minls	VLC	101	0.14	0.12	0.14	-22.2
New Dawn Mng	ND	109	1.53	1.20	1.20	-21.0
Anaconda Mng	ANX	215	0.22	0.19	0.19	-20.8
Homeland Enrgy	HEG	1885	0.19	0.16	0.16	-20.0

TSX greatest value change
WEEK
		VOLUME	CLOSE	CHANGE
Potash Cp Sask	POT	5634261	110.35	+ 9.50
Agnico-Eagle	AEM	3253124	63.00	+ 6.73
First Quantum	FM	3878243	55.55	+ 5.00
Goldcorp	G	11462189	41.85	+ 4.24
Barrick Gold	ABX	16536948	40.36	+ 3.68
Cameco Corp	CCO	6187750	30.23	+ 3.45
Inmet Mining	IMN	2194847	42.09	+ 3.39
Newmont Mng	NMC	18923	49.13	+ 3.24
Seabridge Gold	SEA	103255	29.80	+ 3.24
Agrium	AGU	4297177	47.62	+ 2.70
Horizns G Bear	HGD	10650286	6.10	-1.39
CIC Energy	ELC	191670	1.95	-0.70
Detour Gold	DGC	1632984	10.70	-0.50
New Dawn Mng	ND	108763	1.20	-0.32
Forsys Metals	FSY	564139	4.99	-0.20
Crew Gold	CRU	52196	0.61	-0.18
Imperial Metal	III	142513	3.62	-0.18
Centerra Gold	CG	1931028	5.32	-0.18
Keegan Res	KGN	374405	3.50	-0.14
Uranium Partic	U	905012	7.52	-0.13