Toronto Stock Exchange Feb. 27-Mar. 5

In a week that included an 8.8% sell-off within China’s Shanghai Composite Index, there was little to be gained in the markets during the Feb. 27-March 5 trading period. The TSX Composite Index felt the effects, falling more than 5% or 693.21 points to 12,711.25.

The Global Gold Index dipped 10.7% or 36.20 points to 301.76 while gold held a little stronger, dropping about 7% to US$636.75 per oz. from US$685.75 per oz. a week earlier. The Capped Metals and Mining Index slumped 11.7% or about 80 points to 603.21.

Yamana Gold was the most active stock over the week with more than 43 million shares traded, dropping $2.54 to $15.52. In second place, shares of Breakwater Resources lost 28 to close at $1.81 on trading volume of more than 38 million shares. Breakwater expects to produce about 54,000 tonnes of zinc per year over at least seven years from its Langlois mine near Val d’Or, Que. Third on the list, Paladin Resources dropped 24.9% or $2.30 to close the week at $6.92 on volume of 37 million shares. Paladin announced a A$1 billion takeover bid for Summit Resources, which holds a 50% interest in Paladin’s Vahalla-Skal uranium project in eastern Queensland, Australia. A moratorium on uranium mining in the Australian state means production isn’t expected until at least 2012.

Kinross Gold warrants lost the most value by percentage with a loss of 25.2%, ending the week at 86. The company’s shares closed the week $2.25 lower at $14.74 on trading volume of 26 million shares. Kinross completed its acquisition of Bema Gold on Feb. 27.

Khan Resources was third on the list, falling 24.5% to $3.53. Khan closed an offering of 8.15 million shares on March 1, bringing the company $30.16 million to further its Dornod uranium project in Mongolia.

There were few gains to be had during a week marred by the Shanghai crash, but Western Quebec Mines, which owns 33% of Wesdome Gold Mines, was one of few companies that came out ahead. Western Quebec gained 10%, or 25, on trading volume of just 15,800, closing at $2.75. Wesdome was shy of meeting its 2006 production targets, but recently announced a surprise gold zone discovery at its Kiena mine in Val d’Or.

Northern Orion Resources warrants increased 5.8%, or 18, to $3.27, while the company’s share price was up 8 to $4.31. The company recently updated its feasibility study for its Agua Rica copper-gold-molybdenum project in Argentina. Production is set for 2010 at a rate of 90,000 tonnes per day with a mine life of 23 years. Measured and indicated resources, at cutoff grades of 0.2% and 0.4%, respectively, stand at 1.1 billion tonnes grading 0.47% copper and 586 million tonnes grading 0.63% copper.

Intrepid Minerals gained 5.6%, closing at 56 a share. A positive feasibility study for the company’s Casposo gold-silver project in Argentina was released on March 5.

TSX most active issues

		VOLUME(000s)	HIGH	LOW	CLOSE	CHANGE
Yamana Gold	YRI	43046	17.59	14.86	15.22	-2.54
Breakwater Res	BWR	38279	2.10	1.81	1.81	-0.28
Paladin Res	PDN	37055	8.85	6.75	6.92	-2.30
Kinross Gold	K	26366	16.54	14.56	14.74	-2.25
Equinox Minls	EQN	25295	2.12	1.93	1.99	-0.20
Dynatec Corp	DY	23850	2.69	2.38	2.51	-0.19
Goldcorp	G	22595	32.84	29.01	29.01	-4.24
Northern Orion	NNO	21322	5.42	4.69	5.07	+0.11
SXR Uranm One	SXR	19768	17.50	14.75	14.77	-3.32
Barrick Gold	ABX	17897	36.18	32.80	32.95	-3.41

TSX greatest percentage change

		VOLUME(000s)	HIGH	LOW	CLOSE	CHANGE
HMZ Metals wt	HMZ_T	1207	0.015	0.005	0.015	+50.0
HMZ Metals	HMZ	5791	0.12	0.075	0.095	+18.7
Western Que	WQM	16	2.75	2.37	2.75	+10.0
Corona Gold	CRG	535	0.69	0.46	0.50	+8.7
Twin Mining	TWG	3423	0.085	0.075	0.08	+6.6
Northern Or wt	NNO_T	325	3.55	2.92	3.27	+5.8
Intrepid Mnrl	IAU	1163	0.65	0.52	0.56	+5.6
Stornoway Diam	SWY	1286	1.21	1.06	1.16	+4.5
NewWest Gold	NWG	59	2.25	1.82	2.05	+4.5
Peregrine Diam	PGD	268	2.20	1.82	1.98	+4.2
Kinross Gld wt	K_T	651	1.09	0.80	0.86	-25.2
Paladin Res	PDN	37055	8.85	6.75	6.92	-24.9
Khan Res	KRI	6058	4.60	3.20	3.53	-24.5
Ur-Energy	URE	7458	5.01	3.77	3.85	-23.9
Laramide Res	LAM	3197	13.24	10.36	10.40	-23.7
Energy Metals	EMC	6619	14.10	10.76	10.78	-23.7
Mega Uranium	MGA	8039	7.18	5.45	5.58	-23.2
Yukon Gold	YK	96	0.67	0.50	0.50	-23.0
Moto Gold Mine	MGL	2986	6.50	5.15	5.34	-22.7
New Gold wt	NGD_T	43	0.83	0.63	0.70	-22.2

TSX greatest value change

< td>Pan Am Silver

		VOLUME	CLOSE	CHANGE
Western Que	WQM	15800	2.75	+0.25
Northern Or wt	NNO_T	324850	3.27	+0.18
Northern Orion	NNO	21321581	5.07	+0.11
NewWest Gold	NWG	59300	2.05	+0.09
Peregrine Diam	PGD	268075	1.98	+0.08
Stornoway Diam	SWY	1286090	1.16	+0.05
Corona Gold	CRG	534956	0.50	+0.04
First Nickel	FNI	14027085	1.12	+0.04
Gryphon Gold	GGN	1792310	0.96	+0.03
Intrepid Mnrl	IAU	1162780	0.56	+0.03
Potash Cp Sask	POT	1768472	172.41	-18.79
First Quantum	FM	4149938	61.50	-10.88
Inmet Mining	IMN	1883659	52.00	-10.14
Teck Comin A	TCKA	12664	81.00	-8.23
Teck Comin B	TCKB	8311400	78.08	-7.43
Silver Std Res	SSO	888501	35.38	-6.25
Agnico-Eagle	AEM	5976659	42.27	-6.20
PAA	1408358	31.18	-5.67
Pan Am Silv wt	PAA_T	53315	19.74	-5.25
Meridian Gold	MNG	2670410	29.09	-4.95