The Dow Jones industrial average climbed 1.63% or 176.8 points to close the Oct. 4-8 trading week at 11,006.48, while the S&P 500 index finished up 1.65% or 18.91 points at 1,165.15. Gold prices continued to surge, adding US$28.40 per oz. or 2.15% to close in New York on Oct. 8 at US$1,347 per oz. The Philadelphia Gold and Silver index rose 4.56 points to 204.82.
Eleven companies reached new 52-week share price highs on the New York Stock Exchange: Agnico-Eagle Mines, Agrium, Alumina Inc., ASA (Bermuda), Barrick Gold, Buenaventura, Cabot Corp., Freeport-McMoRan Copper & Gold, Gold Fields, Mesabi Trust, Rio Tinto, and Silver Wheaton.
Freeport topped the list of value gains with an advance of US$6.37 to US$95.51 per share. On Sept. 29, the company declared a cash dividend of US30¢ per share payable on Nov. 1 to share holders of record as of Oct. 15.
In the potash space, Agrium posted the second-largest share price gain, jumping US$6.07 to US$81.08. On Oct. 3, Agrium announced it had received approval from Australia’s Foreign Investment Review Board for its proposed acquisition of AWB Ltd. AWB was formed in 1939 as the Australian Wheat Board and has been Australia’s statutory grain marketing authority for more than 60 years. The acquisition still requires regulatory, shareholder and court approvals.
Mosaic claimed the third-largest value gain, climbing US$5.99 per share to US$65.61. On Oct. 8 Mosaic’s board of directors declared a quarterly dividend of US5¢ per share on the company’s stock. The dividend will be paid on Nov. 18 to stockholders of record on Nov. 4.
Compass Minerals, which produces minerals including salt, sulphate of potash specialty fertilizer and magnesium chloride, added US$3.61 to US$79.74 per share. The company announced on Oct. 4 that it had amended and extended its senior secured credit facility by extending the maturity on a portion of its existing term loans and replacing its revolving line of credit. Compass extended the maturity on about $234 million of its term loan to 2016 at a rate of 2.75% over London interbank offered rate.
U.S. most active issues | |||||
VOLUME | WEEK | ||||
(000s) | HIGH | LOW | CLOSE | CHANGE | |
Alcoa* AA | 200477 | 13.13 | 11.81 | 12.89 | + 0.66 |
Freeport McMo* FCX | 65425 | 95.91 | 86.67 | 95.51 | + 6.37 |
Barrick Gold* ABX | 50315 | 48.99 | 45.75 | 48.57 | + 1.56 |
Silverado* SLGLF | 46737 | 0.01 | 0.01 | 0.01 | 0.00 |
Hecla Mining* HL | 45404 | 6.77 | 6.20 | 6.69 | + 0.31 |
Kinross Gold* KGC | 36933 | 19.71 | 18.51 | 19.00 | + 0.10 |
Mosaic* MOS | 36213 | 67.82 | 58.55 | 65.61 | + 5.99 |
Newmont Mng* NEM | 35968 | 65.17 | 62.00 | 62.89 | -0.79 |
Goldcorp* GG | 35680 | 45.50 | 42.61 | 44.05 | + 0.33 |
Silver Wheatn* SLW | 35174 | 27.31 | 25.61 | 26.63 | -0.04 |
U.S. greatest percentage change | ||||||
VOLUME | WEEK | |||||
(000s) | HIGH | LOW | CLOSE | CHANGE | ||
Amazon Goldsd* | AZNG | 64 | 0.30 | 0.10 | 0.30 | + 100.0 |
Canarc Res* | CRCUF | 84 | 0.13 | 0.10 | 0.10 | + 66.6 |
Commerce Grp* | CGCO | 17 | 0.04 | 0.02 | 0.04 | + 33.3 |
Alexco Res* | AXU | 4042 | 6.25 | 4.45 | 5.95 | + 29.6 |
Tri-Valley* | TIV | 914 | 0.99 | 0.75 | 0.94 | + 28.7 |
Caledonia Mng* | CALVF | 2363 | 0.09 | 0.06 | 0.09 | + 28.5 |
Minera Andes* | MNEAF | 5106 | 2.09 | 1.49 | 2.00 | + 25.7 |
Fischer-W Gld* | FWGO | 47 | 0.05 | 0.04 | 0.05 | + 25.0 |
Linux Gold* | LNXGF | 438 | 0.06 | 0.05 | 0.05 | + 25.0 |
Petaquilla Mn* | PTQMF | 2703 | 0.62 | 0.42 | 0.57 | + 23.9 |
Yellowcake Mg* | YCKM | 343 | 0.06 | 0.04 | 0.04 | -50.0 |
Grandview Gld* | GVGDF | 107 | 0.08 | 0.07 | 0.07 | -22.2 |
Lake Vict Mng* | LVCA | 1044 | 0.35 | 0.28 | 0.30 | -16.6 |
Constittn Mng* | CMIN | 4822 | 0.35 | 0.25 | 0.26 | -16.1 |
Rare Elemt Re* | REE | 7816 | 8.84 | 7.02 | 7.35 | -16.0 |
US Antimony* | UAMY | 101 | 0.58 | 0.47 | 0.49 | -15.5 |
New Jersey Mg* | NJMC | 370 | 0.22 | 0.18 | 0.20 | -13.0 |
Cornerstone C* | CTNXF | 64 | 0.15 | 0.13 | 0.14 | -12.5 |
Quaterra Res* | QMM | 234 | 1.61 | 1.36 | 1.42 | -11.8 |
Almaden Mnls* | AAU | 2177 | 3.27 | 2.77 | 2.90 | -11.5 |
U.S. greatest value change | ||||
WEEK | ||||
VOLUME | CLOSE | CHANGE | ||
Freeport McMo* | FCX | 65424642 | 95.51 | + 6.37 |
Agrium* | AGU | 2409672 | 81.08 | + 6.07 |
Mosaic* | MOS | 36213385 | 65.61 | + 5.99 |
BHP Billi-BHP* | BHP | 18120752 | 81.56 | + 3.87 |
BHP Billi-BBL* | BBL | 7201849 | 68.95 | + 3.65 |
Compass Mnls* | CMP | 467308 | 79.74 | + 3.61 |
Alliance Rs P* | ARLP | 387227 | 61.98 | + 3.38 |
Mesabi Trust* | MSB | 1785976 | 41.39 | + 3.35 |
Massey Energy* | MEE | 21362182 | 34.99 | + 3.28 |
Potash C Sask* | POT | 28691734 | 145.80 | + 3.16 |
Rare Elemt Re* | REE | 7815956 | 7.35 | -1.40 |
SinoCoking Cl* | SCOK | 1345630 | 8.34 | -0.95 |
Newmont Mng* | NEM | 35968047 | -0.79 | |
Allied Nevada* | ANV | 649232 | 26.56 | -0.77 |
Royal Gold* | RGLD | 2676567 | 49.84 | -0.54 |
Arch Coal* | ACI | 14972280 | 26.59 | -0.42 |
Minefinders* | MFN | 3418757 | 9.37 | -0.42 |
Stillwater Mg* | SWC | 11355573 | 16.59 | -0.39 |
Almaden Mnls* | AAU | 2176572 | 2.90 | -0.38 |
Exeter Res* | XRA | 382687 | 6.11 | -0.35 |
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