U.S. MARKETS -June 14-18

Maintaining its safe haven status, gold prices rose to new highs over the June 14-18 trading period due to ongoing concerns over sovereign debt levels in Europe and the potential for further instability in the markets.

And although the dollar was weak, the markets showed some improvement. The Dow Jones industrial average gained 2.3%, or 239.57 points, to close at 10,450.64. The S&P 500 index rose 2.4%, or 25.91 points, to 1,117.15, and the Nasdaq increased 2.3%, or 66.2 points, to 2,309.80.

Gold miners saw the most significant value changes in their share prices over the period thanks to record high gold prices. Gold closed US$1,256 per oz. in London on June 18, but had risen beyond that at press time.

Randgold Resources shares were up US$6.26 to US$94.98 apiece and Newmont Mining shares were up US$5 to US$61.25. Both companies reached new 52-week highs. Barrick Gold, BHP Billiton and Anglo-Gold Ashanti were also top gainers by value.

On the losing end were the fertilizer companies Mosaic and Potash Corp. of Saskatchewan as 2011 forecasts were cut. Mosaic shares fell US$1.78 apiece to US$43.46, while Potash Corp. saw its shares drop US$1.26 to US$99.36 apiece.

Base metals producers held steady over the period. BHP Billiton, the world’s biggest mining company, saw shares rise US$2.51 to US$57.45 while Alcoa shares slipped US25¢ to US$11.11 and Freeport-McMoRan Copper & Gold shares were up US97¢ to US$65.90. At press time, BHP and Rio Tinto had struck a deal with the state government in Western Australia over royalties on sales revenue for their iron ore joint venture. They agreed to pay higher mining royalties of 5.6% up from 3.75% on fine ore and a one-time payment of US$309 million. Rio Tinto and Xstrata are battling Australia’s federal government over the planned 40% Resource Super Profits Tax -the companies are arguing that they already pay their fair share in taxes and royalties.

Banro Resources shares rose 21% to US$2.10 apiece following news the company had shipped a used gold processing plant from Australia to its Twangiza gold project in the Democratic Republic of the Congo.

U.S. most active issues
VOLUME WEEK
(000s) HIGH LOW CLOSE CHANGE
Alcoa* AA 101218 11.68 11.02 11.11 -0.25
Barrick Gold* ABX 52981 46.46 41.75 46.38 + 3.27
Freeport McMo* FCX 51926 67.76 64.62 65.90 + 0.97
Newmont Mng* NEM 47751 61.78 54.77 61.25 + 5.00
Vale* VALE 42115 28.04 26.55 26.88 -0.15
Hecla Mining* HL 39074 5.96 5.23 5.89 + 0.58
Silverado* SLGLF 30984 0.00 1.0E8 0.00 0.00
Goldcorp* GG 29806 46.07 42.25 45.86 + 2.17
Peabody Enrgy* BTU 27467 42.05 39.96 41.26 + 1.48
Silver Wheatn* SLW 26965 21.38 19.26 21.00 + 1.60
U.S. greatest percentage change
VOLUME WEEK
(000s) HIGH LOW CLOSE CHANGE
Cream Mnrls* CRMXF 10 0.09 0.09 0.09 + 28.5
Commerce Grp* CGCO 35 0.05 0.04 0.05 + 25.0
Banro Res* BAA 441 2.13 1.75 2.10 + 21.3
Uranium Res* URRE 3847 0.74 0.48 0.61 + 19.6
Rubicon Mnls* RBY 3920 3.94 3.17 3.89 + 19.3
Silver Dragon* SDRG 507 0.25 0.19 0.25 + 19.0
Li3 Energy* LIEG 1420 0.47 0.38 0.45 + 18.4
US Gold* UXG 1406 4.90 4.18 4.82 + 14.4
CoeurdAlene* CDE 13241 16.95 14.39 16.80 + 14.3
Starfield Res* SRFDF 171 0.08 0.06 0.08 + 14.2
Apolo Gold* APLL 371 0.03 0.02 0.02 -33.3
Habanero Res* HBNRF 81 0.12 0.10 0.10 -16.6
Elray Res* ELRA 147 0.14 0.06 0.10 -16.6
Patriot Gold* PGOL 73 0.24 0.17 0.18 -14.2
Caledonia Mng* CALVF 872 0.07 0.05 0.06 -14.2
El Capitan Pr* ECPN 692 0.38 0.32 0.32 -11.1
Petaquilla Mn* PTQMF 1044 0.36 0.31 0.34 -10.5
Canarc Res* CRCUF 52 0.10 0.08 0.09 -10.0
Tara Gold* TRGD 160 0.40 0.35 0.38 -9.5
NWT Uranium* NWURF 44 0.36 0.19 0.19 -9.5
U.S. greatest value change
WEEK
VOLUME CLOSE CHANGE
Randgold Res* GOLD 5300243 94.98 + 6.26
Newmont Mng* NEM 47751104 61.25 + 5.00
Agnico-Eagle* AEM 11036755 64.78 + 4.51
Barrick Gold* ABX 52980854 46.38 + 3.27
BHP Billi-BHP* BHP 18502452 67.83 + 2.55
BHP Billi-BBL* BBL 13230114 57.45 + 2.51
AngloGold Ash* AU 8196237 44.79 + 2.51
Alpha Nat Res* ANR 19443691 38.49 + 2.44
Pan Am Silver* PAAS 5859580 27.71 + 2.40
Allied Nevada* ANV 949900 21.83 + 2.40
Mosaic* MOS 18403980 43.46 -1.78
Potash C Sask* POT 19188820 99.36 -1.26
Patriot Coal* PCX 5988800 15.90 -1.08
Fronteer Gold* FRG 5315246 6.23 -0.52
Cabot Corp* CBT 2507328 28.15 -0.46
Minefinders* MFN 3826981 8.74 -0.44
Mesabi Trust* MSB 303746 18.83 -0.37
Agrium* AGU 1777800 52.25 -0.29
Alcoa* AA 101218418 11.11 -0.25
Vale* VALE 42115400 26.88 -0.15
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