TORONTO STOCK EXCHANGE -Novenber 22-26

The TSX composite index was off 39 points to 12,892 points for the Nov. 22-26 trading period despite solid data on retail spending and signs of inflation. Along with such bullish indicators came increased sentiment that the Bank of Canada may begin raising rates as early as the first quarter of 2011.

That possibility led to a bolstering of the Canadian dollar against most major currencies, with the exception of the U.S. greenback.

The relative strength in the U.S. dollar wasn’t good news for gold as it fell by US$2 to US$1,355 for the period. Lower prices for the yellow metal had the Global Gold index down just a single point to 410.71.

Higher prices for nickel and lead weren’t enough to bolster the Capped Metals & Mining index, which was off 24 points to 1,281.32. Copper, aluminum, tin and zinc prices were all lower.

Early-stage exploration results were enough to give Mawson Resources a significant boost. The company’s shares climbed 44% to $2.24 after releasing channel sample results from its Rompas gold-uranium project in northern Finland. Highlights include 30 cm grading 1,866 grams gold and 8% uranium and 26 cm grading 1,510 grams gold and 3.95% uranium.

Solid exploration results were behind Almaden Minerals’ market surge. The company gained 40% to finish at $3.90 after releasing two sets of results from the Ixtaca gold-silver zone at its Tuligtic project in Mexico’s Puebla state. First came word of 94.6 metres grading 1.33 grams gold and 79.9 grams silver, then a day later, on Nov. 24, the company announced a highlight intercept of 126.2 metres of 0.86 gram gold and 61.7 grams silver.

Ixtaca is a blind discovery with little surface manifestation. The zone lies within the Trans Mexican volcanic belt, about 120 km from the Pachuca gold-silver project, which historically produced 1.4 billion oz. silver and 7 million oz. gold.

But the most impressive results for the week came from Continental Gold, which continued its torrid pace with a 36% gain. The company, with key gold assets in Colombia, only began trading in late April, and has already climbed from the $2.30 range it began trading at to above $10. The latest buying frenzy followed the release of drill results from the company’s Buritica gold project that were highlighted by 17.9 metres grading 113.82 grams gold and 112 grams silver.

Word that Alexis Minerals had hit visible gold in the first hole at its Noralex property near Rouyn-Noranda in Quebec lifted the company’s shares up 38% to 22¢. The company also announced that it had acquired more gold prospective ground at its Snow Lake project in Manitoba. The new claims cover 38 sq. km of the Herblet Lake area. Alexis will have to spend $3 million over five years to earn a full interest in the ground.

TSX most active issues
		VOLUME		WEEK
		(000s)	HIGH	LOW	CLOSE	CHANGE
Eastern Platin	ELR	58647	1.80	1.56	1.59	-0.21
Potash One	KCL	56773	4.62	4.50	4.52	+ 0.90
Farallon Res	FAN	26436	0.79	0.78	0.78	0.00
Western Coal	WTN	25176	10.69	10.19	10.40	-0.36
Canada Lithium	CLQ	24784	1.48	1.05	1.30	+ 0.28
Uranium One	UUU	22810	5.49	4.64	5.41	+ 0.63
Andean Res	AND	22611	6.54	6.35	6.39	-0.11
Cline Mng	CMK	22409	3.37	2.81	2.92	-0.22
Denison Mines	DML	21329	3.38	2.50	3.30	+ 0.69
Equinox Minls	EQN	19931	5.85	5.46	5.74	-0.15

TSX greatest percentage change
		VOLUME		WEEK
		(000s)	HIGH	LOW	CLOSE	CHANGE
Talon Metals	TLO	1413	1.31	0.75	1.27	+ 62.8
Rockgate Cap	RGT	4562	1.92	1.10	1.85	+ 54.1
Corona Gold	CRG	1156	1.30	0.85	1.22	+ 43.5
Mawson Res	MAW	3636	2.68	1.60	2.24	+ 43.5
Almaden Mnls	AMM	2197	4.30	2.78	3.90	+ 40.2
Alexis Minls	AMC	16385	0.22	0.17	0.22	+ 37.5
Contintl Gold	CNL	5316	10.55	7.59	10.35	+ 36.1
Mandalay Res	MND	1449	0.35	0.26	0.35	+ 34.6
Crosshair E&Mg	CXX	7356	0.48	0.33	0.47	+ 34.2
Mega Uranium	MGA	16673	1.05	0.75	1.05	+ 32.9
Mineral Depost	MDM	869	10.80	1.11	5.30	-49.3
Opta Minls	OPM	29	1.65	1.35	1.53	-20.3
Pediment Gold	PEZ	2515	2.37	1.84	1.97	-15.8
Niocan Inc	NIO	25	0.35	0.33	0.33	-15.3
Liberty Mines	LBE	1771	0.15	0.12	0.12	-14.2
Crescent Gold	CRA	97	0.14	0.11	0.12	-14.2
Franconia Mnls	FRA	578	0.64	0.56	0.56	-12.5
Eastern Platin	ELR	58647	1.80	1.56	1.59	-11.6
Crowflight Mnl	CML	8587	0.09	0.07	0.08	-11.1
Grandview Gld	GVX	758	0.08	0.06	0.08	-11.1

CG

TSX greatest value change
WEEK
		VOLUME	CLOSE	CHANGE
Labdr I-Ore Ro	LIF_U	238833	67.50	+ 3.00
Contintl Gold	CNL	5315707	10.35	+ 2.75
PotashCpSask	POT	3641967	145.40	+ 2.57
Golden Mnls	AUM	189637	27.80	+ 2.25
Tahoe Res	THO	456437	12.00	+ 1.83
Centerra Gold	3116418	18.14	+ 1.64
KirklandLkGd	KGI	1439235	13.69	+ 1.55
OrbitGarantD	OGD	461454	6.81	+ 1.54
Cameco Corp	CCO	5149397	37.54	+ 1.52
Labdr Iron Mns	LIM	1674293	9.58	+ 1.51
Mineral Depost	MDM	869431	5.30	-5.17
Teck A	TCKA	27153	49.25	-1.86
Inmet Mining	IMN	506760	61.60	-1.81
Teck B	TCKB	10247558	49.24	-1.69
Pan Am Silver	PAA	1189424	36.80	-0.98
IAMGold Corp	IMG	6246878	16.72	-0.70
Goldcorp	G	8030066	46.00	-0.65
Franco-Nevada	FNV	613371	33.15	-0.60
Lundin Mng	LUN	11093951	6.18	-0.57
Russell Metals	RUS	312160	21.06	-0.56