U.S. markets ended the Nov. 29-Dec. 5 report period mixed. The Dow Jones Industrial Average was alone in the red to the tune of 55 points at 10,835.1, while the Nasdaq gained 18 points to 2,257.64 and the S&P 500 edged 4.63 points higher to 1,262.09.
Alcoa topped the most-active list, with nearly 24 million shares gaining US37 to make US$27.97. BusinessWeek Magazine and the Climate Group recently named the Pittsburgh-based aluminum giant one of the top green companies in the world.
Newmont Mining was next in line, falling 74 to US$46.84 on 22.4 million shares. The Indonesian government has decided not to appeal a court ruling quashing its civil pollution suit, instead opting to pursue an out-of-court settlement. A separate criminal trial of Newmont Minahasa Raya head Richard Ness continues.
Idaho-based Coeur d’Alene Mines grabbed the bronze, shedding US36, or around 8%, to US$4.22, after the company lost its permit to dump tailings at its Kensington gold mine in Alaska.
Other substantial percentage gainers were: Gold Reserve, up 49.5% at US$3.02; Mountain Province Diamonds, 39% better at US$2.95, and U.S. Antimony, which jumped 37.2% to make US70 in over-the-counter trading. The government of Venezuela’s Bolivar state recently granted Gold Reserve a 400-hectare, rock-and-aggregate concession for construction of the Brisas gold-copper project. Mountain Province jumped after De Beers filed applications to build and operate its third mine, Gahcho Ku, 300 km northeast of Yellowknife. Mountain Province holds a 44.1% stake in the project. U.S. Antimony recently inked a deal to supply at least 3,000 tons of zeolite per month as a replacement for Portland cement. The deal includes US$1 million in funding to build a 300- to 500-ton-per-day grinding circuit. Production is anticipated by the spring of 2006.
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