Toronto Stock Exchange February 6-12

The TSX Composite Index couldn’t maintain the all-time high it set last period, falling 126.1 points to 13,166.69 over the Feb. 6-12 trading period.

Losses in the energy and materials sectors fuelled a drop that could have been worse were it not for significant gains in the technology sector and M&A activity that included a takeover of Novelis and the Four Seasons Hotels going private.

Energy shares fell as oil prices came down on news that Saudi Arabia had told Asian refiners to expect more shipments next month.

Campbell Resources was again the most actively traded stock, again, on no news. The Montreal-based junior has gold and copper projects in Quebec and finished the period as it began — at 17 on roughly 53 million shares traded.

Diamond Fields International had the distinction of being the period’s second-most-popular stock, but of more importance for those long on the stock, its shares made an 85% gain to close out the trading session at 18. On Feb. 7, the company announced better than expected results from its offshore diamond mine in Namibia. A total of 1,448 diamonds weighing 705 carats at an average stone size of 0.49 carat per stone were recovered in the first nine days of operations.

Staying with diamonds, Stornoway Diamond also had good news, if from the other side of the world. The company recently announced that its Churchill project in Nunavut had yielded 585 diamonds greater than 0.85 mm, or 16.42 carats from a total of 17.26 tonnes recovered from four kimberlite dykes. At presstime, Stornoway shares were off 1 at $1.16 on nearly 300,000 shares traded.

On the day that Nuinsco Resources’ nickel spinoff, Victory Nickel began trading, Nuinsco shares lost roughly 65% of their value, falling to 51 for the period after heavy trading. Nuinsco retains copper, zinc, uranium, gold and some nickel projects in Canada and Turkey. Victory shares fell out of the gate, falling from an opening day price of $1.21 to close at 72 just five days later, on Feb. 12.

A new uranium deal in Utah helped boost Goldstake Explorations’ shares. The company’s stock was up 50% to 21 after announcing that it had acquired a 50% interest in 200 mineral claims in the Four Corners area of the state. The company is paying US$300,000 for the interest and will fund the initial US$200,000 in development costs, should a mine be put into production.

Kimber Resources’ shares were knocked down 25% to $1.82 after the company announced that two areas at its Coratore deposit were proven to be uneconomic. The company, with gold and silver projects in northern Mexico, also announced that varying results from metallurgical studies at its Carmen project have it considering alternative mining operations and processing methods.

TSX greatest percentage change

		VOLUME(000s)	HIGH	LOW	CLOSE		CHANGE
Diamond Fields	DFI	32849	0.25	0.10	0.185	+	85.0
Goldstake Exp	GXP	5920	0.24	0.13	0.21	+	50.0
San Anton Res	SNN	541	1.45	1.00	1.45	+	31.8
Energem Res	ENM	1428	0.66	0.50	0.61	+	22.0
Khan Res wt	KRI.WT	15	2.95	2.25	2.95	+	18.9
QGX	QGX	503	2.09	1.70	2.05	+	18.5
Endeavr Silver	EDR	2092	5.72	4.82	5.70	+	18.0
Orvana Mnrls	ORV	1952	0.74	0.58	0.69	+	16.9
Grandview Gld	GVX	952	0.60	0.385	0.50	+	16.2
Inter-Citic Mn	ICI	837	1.47	1.22	1.43	+	16.2
Nuinsco Res	NWI	29576	0.65	0.495	0.51	–	65.3
Golden Str wtA	GSC.WT.A	2144	0.045	0.015	0.015	–	50.0
HMZ Metals wt	HMZ.WT	3627	0.015	0.01	0.01	–	33.3
Kimber Res	KBR	817	2.50	1.71	1.82	–	25.4
Gabriel Res wt	GBU.WT	44	2.41	2.15	2.15	–	17.3
Moneta Porcpn	ME	412	0.18	0.15	0.155	–	16.2
Ontex Res	ONT	110	0.20	0.165	0.17	–	15.0
Twin Mining	TWG	4861	0.10	0.085	0.085	–	15.0
Cline Mng	CMK	1168	0.40	0.32	0.33	–	14.2
Kinross Gld wt	K.WT	294	1.18	0.94	0.97	–	13.3

TSX greatest value change

		VOLUME	CLOSE		CHANGE
Alcan	AL	5654910	61.25	+	1.65
Uranium Prt wt	U.WT	214856	8.52	+	1.12
Uranium Partic	U	2227954	14.75	+	1.05
Laramide Res	LAM	846894	11.55	+	1.05
Aber Diamond	ABZ	1120575	46.99	+	1.04
Fronteer Dev G	FRG	2209545	13.76	+	0.98
First Uranium	FIU	3398942	11.16	+	0.96
Northern Peru	NOC	1179124	6.95	+	0.95
Paladin Res	PDN	13802400	9.17	+	0.93
Central Gold-T	GTU.UN	13143	31.00	+	0.90
Cameco Corp	CCO	9862763	42.92	–	2.08
Pan Am Silver	PAA	925106	32.34	–	2.01
Pan Am Silv wt	PAA.WT	265186	20.75	–	1.88
Aur Res	AUR	4893627	19.80	–	1.87
Teck Comin B	TCK.B	5628786	82.68	–	1.47
Potash Cp Sask	POT	1136760	176.16	–	1.30
Nuinsco Res	NWI	29576314	0.51	–	0.96
Quadra Mng	QUA	1492958	7.16	–	0.89
Blue Pearl Mng	BLE	5497183	7.17	–	0.78
Lundin Mng	LUN	10823382	11.77	–	0.72

TSX most active issues

		VOLUME(000s)	HIGH	LOW	CLOSE		CHANGE
Campbell Res	CCH	53346	0.19	0.155	0.17	+	0.005
Diamond Fields	DFI	32849	0.25	0.10	0.185	+	0.085
Nuinsco Res	NWI	29576	0.65	0.495	0.51	–	0.96
Tiomin Res	TIO	26833	0.105	0.08	0.09		0.00
Chariot Res	CHD	23815	0.84	0.76	0.81	+	0.02
Eastern Pl atin	ELR	22368	1.70	1.55	1.65	+	0.09
Eldorado Gold	ELD	22036	7.28	6.70	6.94	–	0.01
Goldcorp	G	21832	34.03	32.26	33.00	+	0.62
Kinross Gold	K	14991	15.77	15.06	15.17	–	0.35
Bema Gold	BGO	14962	6.93	6.58	6.67	–	0.15