U.S. MARKETS -AUGUST 9-13

Nearly two-thirds of Americans think the U.S. economy is going to get worse before it gets better, up from 53% in January, according to an NBC News/Wall Street Journal poll released Aug. 11. Some of that sentiment was reflected in the markets during the Aug. 9-13 trading week with the Dow Jones industrial average falling 3.3% or 350.4 points to finish at 10,303.15, and the S&P 500 index dropping 3.8% or 42.4 points to 1,079.25.

Many sought refuge in gold and prices rose accordingly, up US$9.70 per oz. to close in New York on Aug. 13 at US$1,215.40 per oz. The Philadelphia Gold and Silver index lost 1.8% or 3.1 points to finish at 172.40.

Agnico-Eagle Mines advanced US$2.08 per share to US$61.77. A 116% increase in gold production and a 151% rise in gross mine profit in the second quarter of 2010 contributed to record financial and operating results with all six of the company’s mines operating throughout the quarter for the first time, the company said. Second quarter net income reached US$100.4 million or US64¢ per share, up from US$1.2 million or US1¢ per share in the second quarter of 2009.

Buenaventura advanced US$1.48 to close at US$37.92 per share. On Aug. 6, Peru’s largest publicly traded precious metals mining company received permits to initiate metallurgical operations at the La Zanja gold project. Buenaventura owns 53% of La Zanja with Newmont Mining owning the remainder. Buenaventura expects gold production at La Zanja will surpass 100,000 oz. gold per year.

Aurizon Mines gained US48¢ to finish at US$5.82 per share. On Aug. 12, the company reported net earnings for the second quarter of $5.3 million or 3¢ per share and noted it was debt-free with $124 million in cash and working capital of $122 million.

Fertilizer giant Agrium advanced US98¢ to finish at US$67.27 apiece. In early August, Agrium announced that its second quarter results were the second highest in the company’s history. Net earnings reached US$506 million (US$3.20 diluted earnings per share) for the second quarter of 2010, despite “a record-level of unseeded acreage” in Western Canada and poor conditions in the U.S. Corn Belt in the late spring.

U.S. most active issues
	VOLUME	WEEK
	(000s) HIGH	LOW	CLOSE	CHANGE
Alcoa* AA	109228 11.75	10.47	10.64	-0.95
Freeport McMo* FCX	43184 75.60	69.14	70.07	-4.54
Kinross Gold* KGC	36033 15.85	15.12	15.16	-0.60
Barrick Gold* ABX	35306 43.62	42.23	42.92	-0.47
Potash C Sask* POT	28075 113.97	106.56	111.34	-2.20
Newmont Mng* NEM	25435 58.16	55.95	56.72	-0.32
Cliffs Nat Rs* CLF	24293 63.06	56.23	58.49	-1.40
Hecla Mining* HL	24204 5.12	4.83	4.84	-0.28
Goldcorp* GG	20395 40.58	39.08	39.66	-0.82
Vale* VALE	19883 29.41	27.04	27.75	-1.25

U.S. greatest percentage change
		VOLUME		WEEK
		(000s)	HIGH	LOW	CLOSE	CHANGE
Affinity Gold*	AFYG	1249	0.19	0.07	0.17	+ 142.8
Almaden Mnls*	AAU	8135	1.97	0.98	1.83	+ 88.6
Linux Gold*	LNXGF	104	0.05	0.03	0.04	+ 33.3
China Shen Zh*	SHZ	50	1.02	0.75	0.94	+ 20.5
Lake Vict Mng*	LVCA	125	0.30	0.22	0.30	+ 20.0
El Capitan Pr*	ECPN	914	0.60	0.50	0.58	+ 13.7
Strata O&G*	SOIGF	291	0.28	0.18	0.21	+ 10.5
PlatinumGpM*	PLG	67	2.00	1.65	2.00	+ 9.2
Aurizon Mines*	AZK	2432	5.87	5.24	5.82	+ 8.9
Tara Gold*	TRGD	151	0.40	0.32	0.38	+ 8.5
Elray Res*	ELRA	5974	0.14	0.05	0.05	-54.5
Apolo Gold*	APLL	70	0.02	0.01	0.01	-50.0
Global Gold*	GBGD	453	0.08	0.04	0.08	-33.3
Legend Intl H*	LGDI	981	0.77	0.60	0.61	-19.7
Tombstone Exp*	TMBXF	772	0.08	0.05	0.05	-16.6
Starfield Res*	SRFDF	199	0.06	0.05	0.05	-16.6
Constittn Mng*	CMIN	7425	0.90	0.70	0.75	-14.7
Uranium Res*	URRE	1324	0.62	0.50	0.50	-13.7
Crosshair E&M*	CXZ	388	0.15	0.12	0.13	-13.3
US Energy*	USEG	844	5.35	4.57	4.60	-13.2

U.S. greatest value change
WEEK
		VOLUME	CLOSE	CHANGE
Agnico-Eagle*	AEM	10145981	61.77	+ 2.08
Buenaventura*	BVN	4556761	37.92	+ 1.48
Agrium*	AGU	3841200	67.27	+ 0.98
Almaden Mnls*	AAU	8135025	1.83	+ 0.86
Aurizon Mines*	AZK	2432111	5.82	+ 0.48
Eldorado Gold*	EGO	2543200	17.61	+ 0.39
ASA (Bermuda)*	ASA	200080	27.16	+ 0.35
Allied Nevada*	ANV	1026200	19.49	+ 0.26
Rubicon Mnls*	RBY	2524324	4.02	+ 0.26
Alumina Inc*	AWC	1805868	6.24	+ 0.25
Freeport McMo*	FCX	43184346	70.07	-4.54
Alpha Nat Res*	ANR	14475935	39.34	-4.48
BHP Billi-BBL*	BBL	7884203	60.54	-4.28
B HP Billi-BHP*	BHP	14452143	71.28	-4.23
Compass Mnls*	CMP	361900	70.96	-4.16
Rio Tinto*	RTP	10991860	51.00	-3.74
Peabody Enrgy*	BTU	15900999	45.63	-3.01
Massey Energy*	MEE	19009067	31.42	-2.73
Consol Energy*	CNX	12682852	36.32	-2.49
Teck B*	TCK	17845905	32.16	-2.47