TORONTO STOCK EXCHANGE JULY 19-23

The markets were positive around the globe over the July 19-23 trading period and Toronto was no exception. The TSX composite index rose 1.4%, or 160.35 points, to 11,730. Strong economic reports in Europe added some positivity amidst some forecasts for slowing growth in North America. This was evident with mining stocks as investors pushed up base metals stocks while the gold stocks were relatively flat.

The Capped Metals & Mining index jumped 9.5%, or 83.44 points, to 959.8, while the Global Gold index was basically unchanged at 355.19 points.

Looking at the most actively traded stocks of the week, Lundin Mining was at the top, with 27.1 million shares changing hands, giving shares a 34¢ boost to close at $3.92. The company plans to release its second quarter earnings on July 28.

Andean Resources shares were the second most actively traded, after a busy week that included a huge $234.5-million bought deal financing led by BMO Capital Markets and RBC Capital Markets at $3.35 per share. Andean will largely use the funds to advance its Cerro Negro gold project in Santa Cruz province, Argentina. The company reported finding “bonanza-grade” mineralization at its Mariana Central vein at Cerro Negro. Highlights include 8.5 metres grading 46.1 grams gold per tonne, 9 metres of 127.1 grams gold and 14.5 metres of 55.3 grams gold.

Teck Resources was one of the top gainers by value, up $3.56 to $37 a share, and one of the most actively traded stocks, with 21.1 million shares changing hands. The company is still investigating the cause of an explosion at its Greenhills coal mine near Elkford, B.C., on June 28. The mine was supposed to produce 4.3 million tonnes of coal this year, or about 2% of world’s coal supply.

Khan Resources saw its shares rise 52.1% to 35¢ apiece, following a victory in a Mongolian courtroom and the postponement of another case. The court ruled that the Mongolian Nuclear Energy Agency’s decision to invalidate Khan’s mining licence on the Dornod uranium project was invalid and illegal.

Harry Winston Diamond was one of the top losers based on value, down $1.43 to close at $13 apiece. Harry announced an agreement to increase its ownership in the Diavik diamond mine, joint venture with Rio Tinto, to 40%. Kinross Gold agreed to sell its 9% indirect stake to Harry for US$220 million. Last year, when diamond prices had dropped and the Diavik mine faced uncertainty, Kinross paid US$104 million to Harry for the stake. Kinross is also selling its 19.9% stake in Harry Winston to some financial institutions, after acquiring the interest through a private place-m ent at US$3 a share, netting about US$150 million.

TSX most active issues
VOLUME WEEK
(000s) HIGH LOW CLOSE CHANGE
Lundin Mng LUN 27082 3.99 3.41 3.92 + 0.34
Andean Res AND 22586 3.78 3.07 3.40 + 0.36
Teck B TCKB 21081 37.25 32.67 37.00 + 3.56
Western Coal WTN 19895 4.40 3.76 4.39 + 0.43
KinrossGold K 15994 17.36 16.08 17.05 +0.45
B2Gold BTO 13735 1.63 1.41 1.58 + 0.11
Eldorado Gold ELD 12530 16.90 16.06 16.90 + 0.14
Yamana Gold YRI 12388 10.02 9.68 9.88 -0.18
Barrick Gold ABX 12262 44.50 42.84 43.86 -0.14
Osisko Mng OSK 10565 12.26 11.64 11.83 + 0.04
TSX greatest percentage change
VOLUME WEEK
(000s) HIGH LOW CLOSE CHANGE
Khan Res KRI 2424 0.47 0.25 0.35 + 52.1
Yukon-Nev Gold YNG 8215 0.34 0.25 0.33 + 32.0
Petaquilla Mnl PTQ 1012 0.52 0.37 0.47 + 30.5
Mega Uranium MGA 4872 0.47 0.38 0.46 + 21.0
Anaconda Mng ANX 271 0.29 0.25 0.29 + 20.8
TriAusMin TOR 62 0.06 0.05 0.06 + 20.0
Augusta Res AZC 1608 1.78 1.50 1.77 + 19.5
Forsys Metals FSY 1221 1.86 1.46 1.84 + 19.4
Energy Fuels EFR 550 0.20 0.16 0.19 + 18.7
AvalonRareMt AVL 1062 2.74 2.27 2.70 + 16.8
Canarc Res CCM 185 0.08 0.06 0.06 -25.0
First Uranium FIU 4205 1.08 0.87 0.89 -17.5
Freegold Vent ITF 116 0.06 0.05 0.05 -16.6
PC Gold PKL 1798 1.29 0.92 0.95 -14.4
BRC DiamondCr BCD 681 0.10 0.06 0.06 -14.2
Inter-Citic Mn ICI 918 1.33 1.13 1.16 -12.1
Nautilus Minls NUS 3067 2.14 1.71 1.83 -12.0
WGI Heavy Mnl WG 29 0.49 0.44 0.44 -12.0
Alexis Minls AMC 8381 0.17 0.14 0.15 -11.7
Geologix Ex GIX 1704 0.28 0.22 0.23 -11.5
TSX greatest value change
WEEK
VOLUME CLOSE CHANGE
First Quantum FM 2764152 67.78 + 6.28
Labdr I-Ore Ro LIF_U 485160 48.05 + 4.35
Teck B TCKB 21080805 37.00 + 3.56
Teck A TCKA 21739 37.95 + 2.83
Inmet Mining IMN 1640860 48.35 + 2.16
Major Drilling MDI 122676 24.04 + 1.79
HudBay Minls HBM

4409928 13.18 + 1.39
Ivanhoe Mines IVN 5819626 18.35 + 1.23
SouthGobi Res SGQ 178387 13.66 + 1.21
Agrium AGU 4131206 62.96 + 1.02
CentralGold-T GTU_U 15319 48.20 -1.53
Harry Winston HW 4985083 13.00 -1.43
Pan Am Silver PAA 1142045 24.15 -1.17
Allied Nevada ANV 1517904 17.10 -1.03
Seabridge Gold SEA 166774 27.70 -0.90
Newmont Mng NMC 50769 61.41 -0.68
Richmont Mines RIC 87517 4.30 -0.37
Silver Std Res SSO 418525 16.72 -0.36
Central Fund CEFA 344718 15.01 -0.30
Labdr Iron Mns LIM 360030 3.92 -0.29
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