TORONTO STOCK EXCHANGE -NOV. 29-DEC. 3

Despite some poor economic indicators — such as Canada’s account deficit widening to its largest level since 1946 — investors were still holding to the theme of upside potential going forward. Such bullishness was supported by stronger employment numbers for November and was reflected in the TSX composite index climbing roughly 250 points for the Nov. 29-Dec. 3 period to finish at 13,178.

With whispers of a possible third round of quantitative easing coming to the U.S. in the future, the yellow metal regained some of its momentum as it climbed US$43 to US$1,403 per oz., taking the Global Gold index along for the ride as it was up 21 points to 431.

The diversified miners also benefited from the demand for hard assets. The Capped Metals & Mining index gained 106 points to finish at 1,387 thanks to higher prices for a basket of base metals including copper, aluminum, nickel, tin, lead and zinc.

With metal prices hot and investor demand high, explorers were taking advantage of that appetite by going to the market for capital.

South American Silver closed a $31.9-million private placement and saw its shares climb 31% to $2.62. The deal gives Zamin Precious Minerals a 19.7% stake in the company which is developing the Malku Khota silver-indium project in Bolivia.

EMC Metals also got in on the action and was rewarded by the market for doing so. The company closed a private placement that raised $1.5 million for its coffers and saw its shares climb 42% to 34¢. The money will go towards metallurgical testwork on the Nyngan Scandium project joint venture in Australia.

The other big gainer on the back of a new financing was Treasury Metals, which raised $3.5 million and saw its share price gain 36% to finish at 72¢. Treasury is expanding its gold resources at its flagship Goliath gold project located in the Kenora gold district of northwestern Ontario.

The company also announced that Martin Walter would be taking the reigns as chief executive of the company while Scott Jobin-Bevans, the former chief executive, would serve as president and director.

Kimber Resources managed to carve out its 35% gain the old-fashioned way, with exploration results. The company finished at $1.54 after announcing assay results from channel sampling at its Carmen deposit, which is part of its Monterde project in Mexico. Kimber said the results show continuity of high-grade gold-silver mineralization to surface.

And Minera Andes climbed 44% to $2.09, making it the week’s largest percent gainer. The bump came a week after the company released a resource estimate for the San Jose mine in Argentina. The company announced that inferred resources increased by 133% and the contained gold increased by 122% thanks to the discovery of nine new veins.

TSX most active issues
VOLUME WEEK
(000s) HIGH LOW CLOSE CHANGE
Western Coal WTN 84912 11.64 10.13 11.60 + 1.20
Eastern Platin ELR 83222 1.77 1.55 1.76 + 0.17
Uranium One UUU 52129 5.67 4.60 5.57 + 0.16
Cline Mng CMK 34644 3.09 2.58 3.07 + 0.15
Osisko Mng OSK 28526 16.39 14.80 15.95 + 1.02
Lundin Mng LUN 26430 7.20 6.14 7.18 + 1.00
KinrossGold K 25620 18.95 17.65 18.79 +0.63
Rubicon Mnrls RMX 24767 6.50 4.79 5.82 + 1.22
Mega Uranium MGA 23099 1.30 1.02 1.08 + 0.03
Denison Mines DML 22133 3.48 3.09 3.34 + 0.04
TSX greatest percentage change
VOLUME WEEK
(000s) HIGH LOW CLOSE CHANGE
Minera Andes MAI 11713 3.17 2.09 3.10 + 44.1
EMC Metals EMC 4803 0.34 0.22 0.34 + 41.6
Geologix Ex GIX 9925 0.96 0.64 0.92 + 39.3
Treasury Metal TML 1281 0.76 0.53 0.72 + 35.8
Kimber Res KBR 510 1.67 1.20 1.54 + 35.0
Formation Mtls FCO 1399 2.74 1.72 2.30 + 31.4
South Am Silvr SAC 4271 2.62 1.71 2.35 + 31.2
Great Panther GPR 7486 2.72 1.85 2.50 + 30.2
Silver Bear Rs SBR 1113 0.50 0.34 0.46 + 27.7
Excellon Res EXN 4384 1.10 0.85 1.09 + 26.7
Crosshair E&Mg CXX 5345 0.47 0.32 0.33 -32.6
Bannerman Res BAN 3787 0.67 0.58 0.60 -15.4
Peregrine Diam PGD 2856 3.28 2.61 2.77 -15.0
Mineral Depost MDM 129 5.20 4.40 4.64 -12.4
Laramide Res LAM 1861 2.25 1.95 1.98 -12.0
Uranerz Energy URZ 1294 4.18 3.26 3.44 -11.7
Orbit Garant D OGD 190 7.00 5.85 6.03 -11.4
Homeland Enrgy HEG 1630 0.09 0.08 0.08 -11.1
Timminco TIM 2849 0.36 0.32 0.32 -11.1
Canarc Res CCM 351 0.19 0.15 0.17 -10.5
TSX greatest value change
WEEK
VOLUME CLOSE CHANGE
First Quantum FM 3418340 99.29 + 8.29
Inmet Mining IMN 2174978 69.45 + 7.85
Agnico-Eagle AEM 3409882 85.24 + 6.02
Teck A TCKA 10099 55.14 + 5.89
Teck B TCKB 18068787 54.86 + 5.62
Ce
nterra Gold
CG 12941805 21.90 + 3.76
Silver Wheaton SLW 9421144 39.37 + 3.44
Pan Am Silver PAA 1313732 40.14 + 3.34
Newmont Mng NMC 36365 62.68 + 2.68
Agrium AGU 5042959 84.66 + 2.66
PotashCpSask POT 4974900 144.48 -0.92
HoriznsGBear HGD 4033429 8.72 -0.92
OrbitGarantD OGD 189841 6.03 -0.78
Mineral Depost MDM 128862 4.64 -0.66
Peregrine Diam PGD 2855823 2.77 -0.49
Cons Thomp Irn CLM 8704851 11.99 -0.47
Uranerz Energy URZ 1293563 3.44 -0.46
Witwatersrand WGR 10188 8.20 -0.40
Mines Managmnt MGT 21777 2.86 -0.32
Laramide Res LAM 1861263 1.98 -0.27
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