Toronto Stock Exchange -Jan. 19-25

Miners helped drag down the TSX composite index over the Jan. 19-25 trading period in a serious way. The TSX itself fell 3.3%, or 396.03 points, to 11,354.51 points while the Capped Metals and Mining index plunged 8.2%, or 93.34 points, to 1,044.96 and the Global Gold index dropped 6%, or 19.96 points to close at 314.77 points.

Contributing to the drop was the concern that surging growth in China may prompt the Peoples Bank of China to take measures to cool it down, thus limiting the country’s consumption of commodities.

The most actively traded mining stocks in Toronto were precious metals and energy companies, and most were down over the period. Eastern Platinum was the most actively traded stock by a long shot with 89.7 million shares changing hands to ultimately push the stock down 17¢ to $1.25.

First Uranium shares were the second most actively traded with 25.6 million shares traded as the stock fell 71¢ to $1.85. The company’s tailings permit for its MWS tailings recovery project in South Africa was withdrawn by the local government’s environmental authority.

The decision was unexpected and the company is seeking clarification on the decision before undertaking any action.

Seabridge Gold rose the most over the period by dollar value. Seabridge shares climbed $2.01 apiece to close at $28.80.

Earlier this month, the company announced a major resource boost for the Mitchell zone at its KSM property near Stewart, B.C. Measured and indicated resources stand at 33.7 million oz. gold and 6.5 million lbs. copper contained in 2.1 billion tonnes grading 0.57 gram gold per tonne and 0.17% copper.

Imperial Metals shares rose $1.55 to $16 apiece following a ruling by the Supreme Court of Canada regarding the company’s environmental permits.

The court ruled that the company would not need to repeat the environmental assessment process for its Red Chris copper gold project 80 km south of Dease Lake, B.C. A 2005 feasibility supported a 30,000-tonne-per-day operation over 25 years.

Inmet Mining was the top loser by value over the period, with shares sinking $12.66 to $57.01. The company is unable to reach commercial production at its Las Cruces project -in the fourth quarter the company produced only 3,300 tonnes of copper cathode compared to its estimate of 8,700 tonnes.

Inmet said the leach thickener’s corrosion protection failed, causing the drive mechanism to fail completely in October.

The company has since worked on improving the filtration and conveyor operation.

Heavy rain slowed down throughput in December by forcing the company to use the water treatment plant to reduce critically high water levels in the process ponds.

TSX most active issues
	VOLUME		WEEK
	(000s)	HIGH	LOW	CLOSE	CHANGE
Eastern Platin ELR	89692	1.50	1.13	1.25	-0.17
First Uranium FIU	25622	2.66	1.79	1.85	-0.71
Yamana Gold YRI	24454	12.12	11.15	11.15	-0.90
Breakwater Res BWR	23556	0.51	0.41	0.44	-0.03
Barrick Gold ABX	22786	40.94	38.07	38.07	-2.25
Eldorado Gold ELD	22740	15.19	13.56	13.67	-1.35
Western C Coal WTN	22399	4.04	3.31	3.46	-0.39
Uranium One UUU	22044	3.55	3.30	3.39	+ 0.01
Homeland Enrgy HEG	17844	0.11	0.10	0.10	-0.01
IAMGold Corp IMG	17022	17.26	14.54	14.90	-2.35

TSX greatest percentage change
		VOLUME		WEEK
		(000s)	HIGH	LOW	CLOSE	CHANGE
Tanz Roy Exp	TNX	842	5.15	4.03	4.97	+ 23.0
Polaris Minls	PLS	180	2.25	1.85	2.18	+ 21.7
Delta Uran	DUR	487	0.07	0.06	0.06	+ 20.0
DynacorGoldM	DNG	212	0.22	0.17	0.22	+ 15.7
Horizns G Bear	HGD	11619	5.19	4.46	5.12	+ 13.0
Corona Gold	CRG	123	0.47	0.40	0.47	+ 11.9
Khan Res	KRI	1927	0.83	0.64	0.78	+ 11.4
Adanac Moly	AUA	2599	0.10	0.09	0.10	+ 11.1
Imperial Metal	III	1028	16.93	14.70	16.00	+ 10.7
Linear Metals	LRM	857	0.28	0.25	0.26	+ 8.3
Copper Mesa	CUX	13397	0.07	0.03	0.03	-57.1
First Uranium	FIU	25622	2.66	1.79	1.85	-27.7
Contl Precious	CZQ	2698	1.32	0.94	1.00	-25.9
Mundoro Cap	MUN	290	1.26	0.95	0.95	-24.6
Pure Nickel	NIC	557	0.17	0.13	0.13	-23.5
Coalcorp Mng	CCJ	5282	0.19	0.14	0.15	-21.0
Jaguar Mng	JAG	3600	13.28	10.53	11.00	-18.4
Detour Gold	DGC	3385	18.12	14.78	14.84	-18.2
Inmet Mining	IMN	3131	71.02	55.51	57.01	-18.1
Golden Peaks	GL	75	0.95	0.74	0.78	-17.8

TSX greatest value change
WEEK
		VOLUME	CLOSE	CHANGE
Seabridge Gold	SEA	296157	28.80	+ 2.01
Imperial Metal	III	1027738	16.00	+ 1.55
Tanz Roy Exp	TNX	842123	4.97	+ 0.93
HoriznsGBear	HGD	11619136	5.12	+ 0.59
Polaris Minls	PLS	179880	2.18	+ 0.39
FNX Mining	FNX	12786388	12.89	+ 0.20
Far West Mng	FWM	206297	4.10	+ 0.16
Mantra Res	MRL	577800	5.05	+ 0.12
Intl Minls Crp	IMZ	343293	4.37	+ 0.12
Copper Mtn Mng	CUM	3492592	2.48	+ 0.11
Inmet Mining	IMN	3130830	57.01	-12.66
First Quantum	FM	2865871	88.30	-11.49
Silver Std Res	SSO	864244	19.95	-4.20
Agrium	AGU	4631465	62.38	-3.41
Detour Gold	DGC	3384551	14.84	-3.31
PotashCpSask	POT	4510833	116.13	-3.07
Coeur d Alene	CDM	125900	16.65	-2.71
Agnico-Eagle	AEM	4844675	56.10	-2.70
Goldcorp	G	16673398	38.26	-2.65
Franco-Nevada	FNV	2369870	27.43	-2.58