U.S. markets, Oct. 14-18 - The Northern Miner

U.S. markets, Oct. 14-18

A last-minute deal to prevent a U.S. default — along with the reopening of government offices — sent the S&P 500 into record territory, helped by a growing consensus that Washington would not taper quantitative easing until at least next year, and Chinese economic data showing accelerating growth. For the week the S&P 500 jumped 2.43% — striking record highs of 1,733.15 on Oct. 17, and 1,744.50 on Oct. 18. The Dow Jones Industrial Average climbed 1.10% to 15,399.65 and the Philadelphia Gold & Silver Index advanced 6.25% to 92.17.

Shares of Randgold Resources vaulted US$3.52 per share to US$71.73, buoyed in part by a press conference the week before in which CEO Mark Bristow noted that the company’s recently opened Kibali gold mine in the Democratic Republic of the Congo has been producing 1 million tonnes of ore per month and that management would provide a production forecast for the quarter that would likely surpass its previous estimate of 30,000 oz. gold, thanks to its early start-up in September. Randgold owns 45% of Kibali and is the operator.

Scandinavian-focused explorer Tasman Metals posted the largest percentage gain of the week, climbing 31% to US90¢ per share. The company announced on Oct. 10 that it had expanded its critical metal portfolio by acquiring tungsten projects in Sweden. The projects in Sweden’s Bergslagen mining district include several of the largest known tungsten occurrences in Scandinavia, the company noted, including the former Yxsjoberg mine, which accounts for more than 90% of the tungsten previously produced in Sweden. The projects lie 200 to 300 km north of Tasman Metals’ flagship Norra Karr rare-earth project.  

Brigus Gold notched the second-highest percentage gain, advancing 25% to US65¢ per share after releasing a headline hole of 40.71 grams gold per tonne over 26.8 metres that extended the vertical mineralization depth at its Black Fox mine in Ontario by 400 metres to 700 metres. The hole confirmed that the orebody extends to depth and bears some similarity to other mines in the Timmins camp, where orebodies often surpass depths of 1,000 metres.

U.S. most active issues


    Volume  
Company Symbol (000s) High Low Close Change
Alcoa* AA 111269 8.68 8.27 8.63 + 0.31
Molycorp* MCP 101854 7.24 5.15 5.36 1.68
Barrick Gold* ABX 65182 18.84 17.13 18.52 + 1.29
Freeport McMo* FCX 59457 35.18 33.33 34.89 + 1.45
Alpha Nat Res* ANR 53285 6.32 5.7 5.72 0.15
Arch Coal* ACI 50261 4.32 3.86 3.87 0.13
Peabody Enrgy* BTU 45476 19.58 17.19 18.5 + 1.1
Newmont Mng* NEM 40264 27.42 25.33 26.92 + 1.3
Kinross Gold* KGC 37242 4.96 4.59 4.86 + 0.21
Cliffs Nat Rs* CLF 35019 23.5 21.17 23.02 + 1.59

U.S. greatest percentage change


    Volume  
Company Symbol (000s) High Low Close Change
Tasman Mtls* TAS 1809 0.92 0.66 0.9 + 30.7
Brigus Gold* BRD 412 0.66 0.52 0.65 + 25
Goldfield* GV 1953 2.61 1.85 2.26 + 21.5
Entree Gold* EGI 233 0.39 0.32 0.38 + 19.5
AuRico Gold* AUQ 2648 4.27 3.46 4.17 + 19.4
Minas Buenavn* BVN 15053 14.15 11.99 13.78 + 17.1
Alexco Res* AXU 784 1.49 1.17 1.4 + 16.6
SilverCrest M* SVLC 1334 1.87 1.52 1.85 + 15.6
SinoCoking Cl* SCOK 172 1.36 1.12 1.34 + 15.5
US Energy* USEG 1853 2.85 2.26 2.64 + 15.2
Revett Mnls* RVM 4777 1.24 0.6 0.61 50
Molycorp* MCP 101854 7.24 5.15 5.36 23.8
Uranium Ener* UEC 533 2.3 2 2.02 10.2
Gold Std Vnt* GSV 418 0.86 0.76 0.81 10
Golden Mnls* AUMN 409 0.91 0.81 0.83 7.7
Rare Elemt Re* REE 3007 2.34 2.05 2.08 7.5
Platinum Gp M* PLG 186 1.26 0.99 1.08 6.9
Exeter Res* XRA 134 0.71 0.62 0.64 5.8
Loncor Res* LON 19 0.23 0.15 0.17 5.5
Pretium Res* PVG 1820 4.97 4.47 4.53 5.2

U.S. greatest value change


Company Symbol Change Close Change
Agrium* AGU 627573 86.86 + 3.68
Randgold Res* GOLD 4479893 71.73 + 3.52
Royal Gold* RGLD 4160470 49.55 + 3.43
Rio Tinto* RIO 3280397 51.87 + 2.59
US Silica Hld* SLCA 1394268 33.55 + 2.47
BHP Billi-BHP* BHP 7912356 69.6 + 2.45
Minas Buenavn* BVN 15053477 13.78 + 2.02
Compass Mnls* CMP 148667 76.95 + 1.91
Franco-Nevada* FNV 2463649 42.81 + 1.87
Central GoldT* GTU 360340 45.68 + 1.85
Molycorp* MCP 1.02E+08 5.36 1.68
Mesabi Trust* MSB 315134 20.81 0.86
Soc Quim&M Ch* SQM 3456487 27.12 0.68
Revett Mnls* RVM 4776912 0.61 0.61
Alliance Rs P* ARLP 285403 75.4 0.59
Pretium Res* PVG 1819743 4.53 0.25
Uranium Ener* UEC 533345 2.02 0.23
Consol Energy* CNX 14716376 38 0.17
Rare Elemt Re* REE 3006691 2.08 0.17
Alpha Nat Res* ANR 53284969 5.72 0.15
Print

Be the first to comment on "U.S. markets, Oct. 14-18"

Leave a comment

Your email address will not be published.


*


By continuing to browse you agree to our use of cookies. To learn more, click more information

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.

Close