Market news: TSX Venture Exchange

The S&P/TSX Venture Composite Index fell 38.1 points, or 3%, before closing the week at 1,220.90. Global economic news was mixed, with ongoing negotiations over the U.S. fiscal cliff and uncertainty surrounding a eurozone recovery limiting market movement.

The Royal Bank of Canada provided some buoyancy when it beat expectations by recording annual profits of $7.5 billion, though Statistics Canada painted a less promising picture when it reported no growth in gross domestic product during September, which marked a second consecutive monthly slowdown for the Canadian economy.

Commodities also remained mixed, with spot gold dropping US$36.70 per oz. to US$1,715.20, while March contracts for copper jumped 4¢ to US$3.65 per lb. Crude oil rose, with January contracts up 84¢ to US$88.91 per barrel on the New York Mercantile Exchange.

Astur Gold rose 21¢ before closing at 94¢ per share. On Nov. 29, the company announced that Spanish authorities had issued a positive environmental impact statement on its 100%-owned Salave gold project. Astur plans on building an underground mine holding 17.95 million measured and indicated tonnes grading 2.92 grams gold per tonne for 1.68 million contained oz. gold.

Goldquest Mining took another tumble this week following news from an ongoing drill program at the company’s Romero gold-copper target on the Las Tres Palmas trend in the Dominican Republic. Goldquest led the value-lost category by dropping 33¢ before closing out the week at 49¢ per share. Goldquest cut dual low-grade gold mineralized zones south of Romero in 110, including 11.8 metres grading 0.55 gram gold per tonne from 98 metres depth and 24.4 metres averaging 0.43 gram gold from 186 metres depth.

Pacific Booker Minerals is fighting back after the B.C. government denied the company environmental permits for its Morrison Lake copper-gold project in early October. Pacific Booker led the value-added category this week when it gained $2.08 en route to a $6.58 weekly close. The company plummeted from a 2012 high of $14.95 per share to a 52-week low of $2.90 after the permit denial, and it has spent the past eight weeks preparing responses to the concerns listed in the rejection letter. On Nov. 28, Pacific Booker released information regarding the project’s effect on Morrison Lake’s water quality. The company said its plant design could treat the water quality estimates in the proposed mine. The company also said that according to the Morrison Lake effects assessment report, any chance in predicted lake metal concentrations are “below B.C. water quality guidelines, and nominally above baseline.” 


TSX-V most active issues


    Volume  
Company Symbol (000s) High Low Close Change
GoldQuest Mng GQC 14032 0.83 0.47 0.49 0.33
Oceanic Iron O FEO 8019 0.16 0.14 0.15 0.01
NWM Mng NWM 7403 0.05 0.03 0.04 0.02
Castillian Res CT 7259 0.03 0.03 0.03   0
KWG Res KWG 7148 0.06 0.05 0.05   0
Unigold UGD 5924 0.35 0.26 0.35 + 0.1
Bell Copper BCU 5531 0.01 0.01 0.01 + 0.01
Cascadero Copp CCD 5212 0.14 0.12 0.14 + 0.01
Sandstorm Mt&E SND 5114 0.55 0.5 0.5 0.01
Great Western GWG 4945 0.29 0.25 0.26 0.01

TSX-V greatest percentage change


    Volume  
Company Symbol (000s) High Low Close Change
Torch Rvr Res TCR 298 0.02 0.02 0.02 + 100
Silver Fields SF 134 0.01 0.01 0.01 + 100
Arcturus Res AZN 50 0.01 0.01 0.01 + 100
Bell Copper BCU 5531 0.01 0.01 0.01 + 100
Randsburg Intl RGZ 403 0.07 0.05 0.07 + 85.7
Goldspike Expl GSE 31 0.14 0.1 0.1 + 66.6
Snowfield Dev SNO 419 0.03 0.02 0.03 + 66.6
Pac Coal Res PAK 1151 0.18 0.11 0.18 + 63.6
San Marco Res SMN 622 0.18 0.13 0.17 + 54.5
Am Creek Res AMK 1164 0.09 0.06 0.09 + 54.5
Alexander Mn
g
AXD 29 0.04 0.03 0.03 53.8
Brandenburg En BBM 817 0.04 0.03 0.03 50
Secova Mtls SEK 249 0.01 0.01 0.01 50
Aurtois Expl EXA 408 0.01 0.01 0.01 50
Touchdown Res TDW 1525 0.01 0.01 0.01 50
New Guinea Gld NGG 632 0.01 0.01 0.01 50
Meritus Mnls MER 365 0.01 0.01 0.01 50
Victory Vent VVN 232 0.05 0.03 0.03 45.4
Thelon Cap THC 63 0.03 0.02 0.02 42.8
Ross River Mnl RRM 1040 0.04 0.02 0.02 42.8

TSX-V greatest value change


Company Symbol Change Close Change
Pac Booker Min BKM 184316 6.58 + 2.08
Comet Inds CMU 52000 3.25 + 0.25
Amarillo Gold AGC 74448 0.99 + 0.22
Astur Gold AST 568804 0.94 + 0.21
Challenger Dee CDE 110035 0.38 + 0.12
Midland Expl MD 12300 1.33 + 0.1
Unigold UGD 5923671 0.35 + 0.1
Gold Reserve GRZ 88156 3.15 + 0.09
Argex Silver C RGX 1924879 1.34 + 0.09
Flinders Res FDR 130968 1.05 + 0.08
GoldQuest Mng GQC 14031880 0.49 0.33
Kaminak Gold KAM 1802831 1.2 0.26
Chesapeake Gld CKG 52186 9 0.25
Athabasca Mnls ABM 514687 1.77 0.25
Lumina Copper LCC 163362 8.89 0.23
Atacama Pac Gd ATM 107195 3.05 0.21
Probe Mines PRB 2141216 1.94 0.19
Energold Drill EGD 829570 3.02 0.17
Bear Creek Mng BCM 311527 3.34 0.16
Dia Bras Expl DIB 26727 2.5 0.14

For the latest information, visit our Mining Stock Tables page in our Investing section.

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