TSX VENTURE EXCHANGE -October 4-8

With rising gold and copper prices contrasting poor U.S. employment data and mixed feelings about more international government stimulus plans, the S&P-TSX Venture composite index continued its up-down-up pattern over the Oct. 4-8 week to end up 40.09 points at 1,784.88. Daily trading volumes remained very strong, averaging 145 million.

Even though each week shows mixed signals, the overall Venture market trend has been nothing but up since mid-July — the Venture board has gained some 400 points in less than three months. And the bears-versus-bulls race reflects that overall gain as 113 Venture-listed companies reached new 52-week share price highs while only 67 fell to new lows.

A steady stream of good news prompted Avion Gold shareholders to exchange 13.8 million Avion shares, lifting the African gold producer up 5¢ to 76¢. The company produced 23,609 oz. gold at its Tabakoto-Segala mine in Mali in the third quarter, an 89% increase over the third quarter of 2009, and now has started developing underground mine workings at the site to access higher-grade ore and increase production. Avion also closed its acquisition of the Hounde Group concessions in Burkina Faso.

With its second gold stream now online in the form of SilverCrest Mines’ newly operational Santa Elena mine, Sandstorm Resources decided to tap the markets for some funding. First it announced a $38-million bought deal financing, then it increased the deal to $50 million. Either way, investors were not terribly pleased and pushed Sandstorm’s share price down 6¢ to 73¢. Sandstorm says it will use the funds for further metal stream acquisitions.

Infill drill results from the Northeast Fold area at the Ghanzi sediment-hosted copper-silver project in Botswana lifted Hana Mining 34¢ to a new high of $3.05. Hana is modeling a pit at Northeast Fold, which would follow after the planned New Discovery pit in a mine plan. New intercepts from the second potential pit include 2.5 metres grading 5.69% copper and 14 grams silver and 8.3 metres of 2.26% copper and 10 grams silver.

Good gold intercepts from new zones in the footwall and at depth in the Hinge mine lifted San Gold 12¢ to $3.47. Drilling at Hinge is focused on the L10 and L4 zones, which are south of the main zones currently being mined, and the work recently returned such intercepts as 12.7 grams gold per tonne over 11.6 metres and 31.5 grams gold over 2.6 metres.

And promising trench results from the Silverjack project in New Brunswick added 10¢ to Slam Exploration’s share price, which reached 26¢. Slam dug 600 metres of trenches near its Silverjack zone, where earlier drilling returned 6.6 metres grading 268 grams silver per tonne, 1.27% copper, 5.65% zinc, and 4.53% lead.

TSX-V most active issues
VOLUME WEEK
(000s) HIGH LOW CLOSE CHANGE
Knight Res KNP 18995 0.12 0.05 0.06 -0.04
Beaufield Res BFD 17590 0.51 0.37 0.43 -0.02
Advanced Expl AXI 15768 0.82 0.52 0.65 + 0.16
Avion Res AVR 13752 0.83 0.71 0.76 + 0.05
US Silver USA 13541 0.46 0.36 0.44 + 0.06
Sandstorm Res SSL 12754 0.83 0.65 0.73 -0.06
Canasia Indust CAJ 11606 0.17 0.10 0.12 -0.05
Great Western GWG 10967 0.40 0.32 0.34 -0.02
San Gold Res SGR 10804 3.52 2.94 3.47 + 0.12
Slam Exploratn SXL 9912 0.26 0.17 0.26 + 0.10
TSX-V greatest percentage change
VOLUME WEEK
(000s) HIGH LOW CLOSE CHANGE
Kokanee Mnls KOK 3034 0.36 0.13 0.29 + 141.6
Verbina Res VUR 29 0.27 0.19 0.27 + 107.6
Dorato Res DRI 4511 1.32 0.69 1.32 + 80.8
Focus Metals FMS 549 0.19 0.10 0.19 + 72.7
Boxxer Gold BXX 3879 0.24 0.14 0.23 + 64.2
Slam Exploratn SXL 9912 0.26 0.17 0.26 + 62.5
Goldrush Res GOD 894 0.24 0.14 0.24 + 60.0
Loncor Res LN 1421 1.79 1.30 1.75 + 59.0
Global Minls CTG 365 0.19 0.12 0.19 + 58.3
White Bear Res WBR 43 0.11 0.09 0.11 + 57.1
Karmin Expl KAR 236 0.16 0.08 0.10 -47.3
Gray Rock Res GRK 23 0.07 0.05 0.05 -44.4
Knight Res KNP 18995 0.12 0.05 0.06 -40.0
Soho Res SOH 2111 0.15 0.08 0.09 -35.7
Luiri Gold LGL 23 0.12 0.09 0.12 -33.3
Rochester Res RCT 800 0.14 0.09 0.10 -33.3
Anglo-Bomarc ANB 10 0.09 0.09 0.09 -30.7
Canasia Indust CAJ 11606 0.17 0.10 0.12 -29.4
Rio Cristal Rs RCZ 2014 0.19 0.12 0.12 -29.4
Am Cons Minls AJC 8973 0.21 0.10 0.12 -29.4

447555

TSX-V greatest value change
WEEK
VOLUME CLOSE CHANGE
vAtac Res ATC 1989712 6.86 + 0.85
Titanium Corp TIC 2094269 2.50 + 0.70
Loncor Res LN 1420605 1.75 + 0.65
Chesapeake Gld CKG 137964 9.75 + 0.60
Dorato Res DRI 4511439 1.32 + 0.59
Batero Gold BAT 2.30 + 0.38
AfricanAuraM AUR 234621 2.30 + 0.35
Indico Res IDI 303505 0.85 + 0.30
Hana Mng HMG 2503988 3.05 + 0.29
Sunridge Gold SGC 1458399 1.05 + 0.25
RareElemntRs RES 1196097 7.46 -1.44
Canaco Res CAN 2268669 3.15 -0.50
Eurasian Minls EMX 231378 2.42 -0.42
Antares Minls ANM 663342 4.41 -0.26
Tsodilo Res TSD 143040 1.37 -0.20
BE Res BER 1608182 0.85 -0.19
Typhoon Expl TYP 382138 1.37 -0.19
Quaterra Res QTA 282767 1.44 -0.19
Bear Creek Mng BCM 1701069 6.05 -0.17
Foundation Res FDN 1523865 0.39 -0.16
Print

 

Republish this article

Be the first to comment on "TSX VENTURE EXCHANGE -October 4-8"

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