Stock markets in the U. S. were up during the April 22 -April 28 trading session, with the Dow Jones Industrial Average climbing 47 points, or 0.4%, to 12872; the Standard & Poor’s 500 index rising 8 points, or 0.6%, to 1396; and the NASDAQ up 16 points, or 0.7%, to 2424. However, gold-mining equities were down, with the Amex Gold Bugs index falling 41 points, or 9.2%, to 407, and the Philadelphia Gold and Silver Index sliding 13 points, or 6.8%, to 174.
Among volume leaders, Brazil-based mega-miner
Vale dropped US$1.23 to US$38.02, with 123 million shares changing hands. Potash Corporation of Saskatchewan fell US$15.29 to US$193.50 on 92 million shares. Fellow potash producer Mosaic dropped US$15.65 to US$123.68 on 43 million shares. Potash-related equities have staged a rally in recent years on the back of a boom in everything agricultural. Fertilizer maker Agrium also dropped, losing US$8.94 to US$83.21 on 8 million shares.
Silver miner Coeur d’Alene lost US40 to US$3.17 on 61 million shares. Copper miner Freeport McMoRan rose US66 to US$115.80 on 61 million shares. Major gold miners also experienced an influx in activity, with price drops taking center stage. Barrick slid US$4.10 to US$39.04 on 49 million shares. Newmont fell US$1.09 to US$43.99 on 39 million shares. Goldcorp fell US4.97 to US$36.10 on 37 million shares. Kinross fell US$3.43 to US$19.31 on 36 million shares.
Notable moves in uranium-related names include Uranium Energy, rising 19% to US$2.59 on 439,000 shares, and Uranerz Energy, which advanced 10% to US$2.69 on 491,000 shares. The upward moves in the two issues could be related to an article in the National Post on April 9,which quoted news reports suggesting that China was looking to spend US$700 million to US$1 billion to purchase uranium companies.
Fronteer Development lost 18% to US$4.04 on 1.5 million shares. In addition to gold projects in Turkey and Nevada, Fronteer also holds a 42% interest in Aurora Energy, a company exploring uranium in Labrador.
U. S. most active issues | ||||
VOLUME | WEEK | |||
(000s) HIGH | LOW | CLOSE | CHANGE | |
Vale* RIO | 122655 40.38 | 36.71 | 38.02 | -1.23 |
PotashCSask* POT | 91959215.97 | 187.74 | 193.50 | -15.29 |
CoeurdAlene*CDE | 61044 3.63 | 3.15 | 3.17 | -0.40 |
Freeport McMo*FCX | 60851 123.27 | 110.28 | 115.80 | + 0.66 |
Barrick Gold* ABX | 49298 43.91 | 38.63 | 39.04 | -4.10 |
Mosaic* MOS | 42776 143.32 | 121.12 | 123.68 | -15.65 |
Newmont Mng* NEM | 38699 45.64 | 42.90 | 43.99 | -1.09 |
Goldcorp* GG | 37077 41.78 | 36.10 | 36.10 | -4.97 |
Alcoa* AA | 36986 36.31 | 34.56 | 35.74 | -0.51 |
Kinross Gold* KGC | 36292 23.19 | 19.20 | 19.31 | -3.43 |
U. S. greatest percentage change | ||||||
VOLUME | WEEK | |||||
(000s) | HIGH | LOW | CLOSE | CHANGE | ||
Sparrowtech R* | SPMC | 1995 | 0.03 | 0.01 | 0.02 | +100.0 |
Brookmount Ex* | BMXI | 119 | 0.16 | 0.10 | 0.16 | + 60.0 |
Douglas Lk Ml* | DLKM | 1158 | 0.18 | 0.14 | 0.17 | + 41.6 |
Raven Gold* | RVNG | 1254 | 0.29 | 0.16 | 0.28 | + 27.2 |
Gemini Expl* | GXPI | 2000 | 0.06 | 0.04 | 0.05 | + 25.0 |
Beeston Ent* | BESE | 107 | 0.17 | 0.13 | 0.17 | + 21.4 |
Uranium Ener* | UEC | 439 | 2.64 | 2.21 | 2.59 | + 18.8 |
El Capitan Pr* | ECPN | 504 | 0.24 | 0.19 | 0.23 | + 15.0 |
Yanzhou Coal* | YZC | 1359 | 91.77 | 82.60 | 89.95 | + 13.6 |
Commerce Grp* | CGCO | 50 | 0.25 | 0.19 | 0.25 | + 13.6 |
HE-5 Res* | HRRN | 411 | 0.01 | 0.01 | 0.01 | -50.0 |
Buckingham Ex* | BUKX | 33 | 0.52 | 0.40 | 0.45 | -49.4 |
Bullion Rvr G* | BLRV | 1769 | 0.18 | 0.08 | 0.11 | -35.2 |
Silver Dragon* | SDRG | 3055 | 0.27 | 0.14 | 0.19 | -29.6 |
Keegan Res* | KGN | 111 | 4.91 | 3.40 | 3.80 | -23.0 |
Apolo Gold* | APLL | 67 | 0.05 | 0.04 | 0.04 | -20.0 |
US Mine Maker* | USMM | 294 | 0.10 | 0.08 | 0.08 | -20.0 |
Fronteer Dev* | FRG | 1551 | 4.93 | 4.04 | 4.04 | -17.8 |
Anooraq Res* | ANO | 604 | 3.90 | 3.21 | 3.23 | -16.7 |
World Vent* | WVNTF | 16 | 0.19 | 0.15 | 0.15 | -16.6 |
U. S. greatest value change | |||
WEEK | |||
VOLUME | CLOSE | CHANGE | |
Yanzhou Coal* YZC | 1358698 | 89.95 | + 10.79 |
Cleveland-Cli* CLF | 6226365 | 166.65 | + 5.75 |
Freeport McMo* FCX | 60850516 | 115.80 | + 0.66 |
Thompson Crk* TC | 329200 | 22.09 | + 0.58 |
Uranium Ener* UEC | 438993 | 2.59 | + 0.41 |
Alumina Inc* AWC | 556234 | 22.69 | + 0.36 |
Corriente Rs* ETQ | 997162 | 3.75 | + 0.35 |
Uranerz Energ* URZ | 491274 | 2.69 | + 0.26 |
Augusta Res* AZC | 112700 | 3.85 | + 0.18 |
Midway Gold* MDW | 48300 | 2.50 | + 0.16 |
Mosaic* MOS | 42776314 | 123.68 | -15.65 |
Potash C Sask* POT | 91958944 | 193.50 | -15.29 |
Rio Tinto* RTP | 1209953 | 491.95 | -13.63 |
Agnico-Eagle* AEM | 13606611 | 61.02 | -9.28 |
Agrium* AGU | 8153900 | 83.21 | -8.94 |
Buenaventura* BVN | 3688712 | 63.33 | -6.45 |
Randgold Res* GOLD | 2996037 | 47.18 | -6.09 |
CONSOL Energy* CNX | 18085331 | 82.18 | -5.92 |
Southern Copp* PCU | 10368044 | 116.55 | -5.43 |
Peabody Enrgy* BTU | 32565731 | 63.85 | -4.98 |
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