U.S. MARKETS -April 6-12

Encouraging employment news, accelerating activity in the services sector and the Federal Reserve’s ongoing pledge to keep interest rates historically low, helped maintain the upwards momentum in the U.S. markets, albeit, slightly.

The Dow Jones industrial average gained 32.42 points over the April 6-12 trading period to close at 11,005.97. The S&P 500 index rose 9.04 points to close at 1,187.44 and the Nasdaq added 28.24 points to finish the period at 2,457.87 points.

Alcoa was the most actively traded stock yet again with 207.8 million shares traded. The stock fell US16¢ to close at US$14.57. The aluminum maker posted a first quarter loss that was narrower than expected at US$201 million (US20¢ per share) instead of US$260 million. The results also showed a marked improvement from the first quarter of 2009 when Alcoa reported a loss of US$497 million. The large loss was due to one-time charges related to closing two smelters and the U.S. health care reform, but the company noted that markets seem to be improving and the outlook for aluminum was positive.

An explosion at a West Virginia coal mine that killed 29 people on April 5 put Massey Energy shares in the no. 2 spot with 109.3 million shares traded. The stock was the top loser over the period, falling US$8.66 to close at US$46.03 apiece. Federal and state inspectors are now beginning an investigation into the explosion. Some investor groups are calling for the head of Massey Energy to resign, accusing the company of not valuing the safety of its employees.

Rio Tinto and Freeport-McMoRan Copper & Gold were among the top losers over the period. Rio Tinto shares fell US$3.64 apiece to close at US4$242.58, while Freeport shares dropped US$2.93 to US$84.40.

Metalline Mining, which has a project in Coahuila, Mexico, saw its shares rise 22.6% over the trading period to US$1.46 apiece.

The company is soon holding a shareholder meeting to present several proposals including the approval of the issuance of its shares so it can complete a merger with Dome Ventures. Dome has gold, manganese and iron ore projects in Gabon, West Africa.

U.S. most active issues
VOLUME WEEK
(000s) HIGH LOW CLOSE CHANGE
Alcoa* AA 207829 15.15 14.19 14.57 -0.16
Massey Energy* MEE 109348 50.48 44.50 46.03 -8.66
Freeport McMo*FCX 54812 88.30 84.02 84.40 -2.93
Barrick Gold* ABX 50732 41.85 39.28 40.76 + 1.11
Hecla Mining* HL 48536 6.20 5.80 5.95 + 0.05
Goldcorp* GG 40607 40.99 38.20 40.06 + 1.31
Newmont Mng* NEM 35109 54.82 53.10 53.55 -0.26
Peabody Enrgy* BTU 34392 48.63 45.62 48.01 + 1.99
Consol Energy* CNX 33933 46.94 44.00 46.26 + 0.99
Arch Coal* ACI 33041 26.57 24.26 26.12 + 1.63
U.S. greatest percentage change
VOLUME WEEK
(000s) HIGH LOW CLOSE CHANGE
Yellowcake Mg* YCKM 53 0.04 0.03 0.04 + 33.3
Tombstone Exp* TMBXF 1013 0.14 0.11 0.14 + 27.2
Silver Dragon* SDRG 763 0.36 0.27 0.35 + 25.0
Metalline Mng* MMG 283 1.59 1.18 1.46 + 22.6
Almaden Mnls* AAU 1932 1.22 0.99 1.18 + 20.4
Minera Andes* MNEAF 1754 1.12 0.93 1.10 + 18.2
Exeter Res* XRA 932 8.30 6.59 7.86 + 18.0
Samex Mng* SMXMF 347 0.36 0.26 0.34 + 17.2
Alberta Star * ASXSF 92 0.64 0.53 0.62 + 16.9
Caledonia Mng* CALVF 2440 0.08 0.06 0.07 + 16.6
Tri-Valley* TIV 7398 1.94 1.31 1.31 -39.0
El Capitan Pr* ECPN 3395 0.64 0.25 0.40 -33.3
Affinity Gold* AFYG 822 0.33 0.16 0.21 -30.0
Elray Res* ELRA 621 0.25 0.15 0.16 -20.0
Crystallex In* KRY 2926 0.49 0.38 0.39 -18.7
Massey Energy* MEE 109348 50.48 44.50 46.03 -15.8
America West* AWSR 73 0.13 0.12 0.12 -14.2
Madison Minls* MMRSF 39 0.12 0.10 0.12 -14.2
Mesabi Trust* MSB 1526 27.22 22.14 23.50 -10.2
Strata O&G* SOIGF 270 0.40 0.35 0.36 -10.0
U.S. greatest value change
WEEK
VOLUME CLOSE CHANGE
ASA (Bermuda)* ASA 181817 81.58 + 3.66
Seabridge Gld* SA 2946388 28.20 + 2.38
AlumCpChina* ACH 982200 28.58 + 2.14
Agnico-Eagle* AEM 12475936 60.39 + 2.02
Peabody Enrgy* BTU 34392119 48.01 + 1.99
Arch Coal* ACI 33040606 26.12 + 1.63
Eldorado Gold* EGO 4319000 14.00 + 1.40
Goldcorp* GG 40606945 40.06 + 1.31
Ivanhoe Mines* IVN 10253448 18.55 + 1.26
Royal Gold* RGLD 3289475 51.33 + 1.25
Massey Energy* MEE 109348402 46.03 -8.66
Rio Tinto* RTP 2926648 242.58 -3.64
Fr
eeport McMo*
FCX 54812130 84.40 -2.93
Mesabi Trust* MSB 1525953 23.50 -2.69
Agrium* AGU 1678500 68.35 -2.56
Compass Mnls* CMP 479900 77.84 -2.38
Potash C Sask* POT 29583399 114.21 -1.50
Mosaic* MOS 19129405 56.75 -1.24
BHP Billi-BHP* BHP 16452372 81.82 -1.04
BHP Billi-BBL* BBL 6507666 69.95 -0.95
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