TORONTO STOCK EXCHANGE -AUGUST 9-13

A major decline in mining stocks helped push the TSX composite index down 2.3% over the Aug. 9-13 trading period, as indexes worldwide fell on news of a shaky recovery in the United States. The TSX dropped 271.72 points to close at 11,528.25.

The Capped Metals and Mining index plunged 6.4%, or 61.8 points, to close at 898.48 while the Global Gold index held steady, rising less than 2 points to finish at 364.26.

All but one of the most actively traded stocks over the period dropped. Timminco, which produces silicon metal for the chemicals, aluminum and solar energy industries, was the most actively traded with 46.1 million shares changing hands, pushing the stock down 9¢ to 47¢ apiece.

Uranium One was the second most actively traded stock, and the only one on the list that saw shares rise — up 31¢ to $3.15 per share on a trading volume of 28.9 million shares. The company has increased its 2010 production guidance to 7 million lbs. uranium oxide, 4% higher than the first quarter, as a result of better than expected performance from its South Inkai uranium mine in Kazakhstan. Uranium One decreased cash costs to US$15 per lb. sold from US$19 in the first quarter.

Gold miner Agnico-Eagle Mines saw its shares increase the most by value over the period, rising $2.96 to close at $64.33 apiece on no news.

Agrium, one of the big three fertilizer makers in Canada, saw its shares gain $1.81 to $70.07 over the period, but shares were down at presstime after the company made an offer to pay US$1.1 billion for the Australian wheat exporter AWB in an attempt to grow its retail business.

Detour Gold shares rose $1.51 to $29.29 as the company completed a bought-deal public offering consisting of 12.08 million shares for a total of $298 million. The company plans to produce 649,000 oz. gold per year from its Detour Lake open-pit project in northern Ontario, over a span of 16 years at a cash cost of US$437 per oz.

First Quantum Minerals was the top loser, falling $5.01 to $59.95 apiece after reporting a net loss of $588.2 million due to impairment and acquisition costs and an 8% drop in copper production from lower ore grades and uncertainty with its Kolwezi copper project in the Democratic Republic of the Congo.

Almaden Minerals was the top gainer on a percentage basis with shares rising nearly 90%, or 89¢ to close at $1.88 apiece. The company released its first set of drill results from the Tuligtic copper-gold-silver project in Puebla state, Mexico. Highlights include 302 metres grading 1.01 grams gold and 48 grams silver per tonne between 47.5 metres depth, intersecting multiple quartz-carbonate sulphide vein zones. Results from two more holes are on the way.

TSX most active issues
VOLUME WEEK
(000s) HIGH LOW CLOSE CHANGE
Timminco TIM 46121 0.75 0.47 0.47 -0.09
Uranium One UUU 28929 3.21 2.90 3.15 + 0.31
KinrossGold K 26143 16.25 15.78 15.81 -0.41
Banro Res BAA 15730 1.90 1.62 1.78 -0.07
Yamana Gold YRI 15292 10.35 9.95 10.15 -0.09
Lundin Mng LUN 14755 4.32 3.74 3.78 -0.47
Teck B TCKB 14586 36.47 33.14 33.55 -2.04
Katanga Mng KAT 13489 1.09 0.98 1.00 -0.03
Red Back Mng RBI 13402 28.60 27.73 27.93 -0.74
Eastern Platin ELR 13161 1.17 0.98 0.98 -0.14
TSX greatest percentage change
VOLUME WEEK
(000s) HIGH LOW CLOSE CHANGE
Almaden Mnls AMM 5097 2.04 1.11 1.88 + 89.9
Polo Res POL 88 0.14 0.08 0.13 + 44.4
Lydian Intl LYD 5212 1.90 1.35 1.80 + 35.3
Volta Res VTR 7366 1.54 1.21 1.54 + 27.2
Yukon-Nev Gold YNG 9630 0.48 0.37 0.47 + 27.0
Acadian Mng ADA 719 0.05 0.04 0.05 + 25.0
Armistice Res AZ 1353 0.34 0.23 0.30 + 25.0
Contintl Gold CNL 1955 4.40 3.70 4.40 + 22.2
GoldWheatonG GLW 6081 3.05 2.53 3.03 + 20.7
Africo Res ARL 12 0.90 0.76 0.90 + 18.4
Diamond Fields DFI 73 0.20 0.16 0.17 -43.3
BRC DiamondCr BCD 34 0.13 0.09 0.09 -35.7
Marengo Mng MRN 413 0.11 0.08 0.08 -27.2
Jaguar Mng JAG 5574 8.30 6.12 6.35 -23.2
Tiger Res TGS 64 0.23 0.18 0.20 -23.0
Polaris Minls PLS 430 1.70 1.38 1.38 -18.3
Talon Metals TLO 1103 0.30 0.24 0.27 -18.1
Khan Res KRI 622 0.35 0.28 0.29 -17.1
Thundermin Res THR 79 0.12 0.10 0.10 -16.6
Timminco TIM 46121 0.75 0.47 0.47 -16.0
TSX greatest value change
WEEK
VOLUME CLOSE CHANGE
Agnico-Eagle AEM 4684568 64.33 + 2.96
Agrium AGU 6856454 70.07 + 1.81
Detour Gold DGC 1586934 29.29 + 1.51
Almaden Mnls AMM 5097277 1.88 + 0.89
Alamos Gold AGI 2519224 16.40 + 0.80
Contintl Gold CNL 1954879 4.40 + 0.80
Centerra G
old
CG 2002823 13.70 + 0.76
Eldorado Gold ELD 10595095 18.37 + 0.67
CentralGold-T GTU_U 36057 49.57 + 0.63
Aurizon Mines ARZ 2688030 6.06 + 0.54
First Quantum FM 1740326 59.95 -5.01
Inmet Mining IMN 793021 49.08 -2.66
Teck B TCKB 14586475 33.55 -2.04
Jaguar Mng JAG 5574259 6.35 -1.92
Coeur d Alene CDM 71844 15.17 -1.56
Cameco Corp CCO 4202032 25.86 -1.30
Russell Metals RUS 866262 19.08 -1.19
Ivanhoe Mines IVN 2243707 17.47 -1.18
SouthGobi Res SGQ 49508 11.93 -1.03
Thompson Creek TCM 4291712 9.26 -0.83
Print

 

Republish this article

Be the first to comment on "TORONTO STOCK EXCHANGE -AUGUST 9-13"

Leave a comment

Your email address will not be published.


*


By continuing to browse you agree to our use of cookies. To learn more, click more information

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.

Close