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