Toronto Stock Exchange May 30-June 5

It was a bearish week for investors, as the TSX composite fell by 5.92 points to 11,699.49 over the May 30-June 5 period. The gold index followed the price of the yellow metal downward, ending off 1% or 2.96 points lower at 297.69. The commodity itself lost US$17.65 on the week as concerns that the U.S. Federal Reserve may continue to strengthen the greenback with higher interest rates stole some of the metal’s lustre.

But it was the diversified miners who took the biggest loss as a group, falling roughly 2% or 10.59 points to 498.64 as the prices of copper, zinc, lead and aluminum all dropped over the session.

Despite the downward trend, a few companies did manage an up-tick. The largest percentage gains were made by Moneta Porcupine Mines, up 21.4% to 18 on no news. The company has projects in the Porcupine and Golden Highway Gold camps of northeastern Ontario.

Formation Capital rebounded from the previous week’s losses, moving up 20%. The company announced last week that it was redesigning its cobalt mine near Salmon, Idaho, so that discharges will not affect streams in the surrounding area.

Other winners during the session were Pacific North West Capital, up 19% to 50, and HMZ Metals, up 18.7% at 9.5.

On the downside, news that the TSX is reviewing Rex Diamond Mining sent the company’s shares down 25% to 12. The TSX says Rex has 120 days to comply with its requirements, but would not divulge what those requirements were. Rex issued no release on the matter.

Other losers on the week were Stornoway Diamond, down 18.1% at $1.31, and Oriel Resources, which dropped 17.3% to close at 60.

In terms of value, Vista Gold was the largest gainer, up $1.41 to $9.86. The Littleton, Colo.-based company is in the business of acquiring gold projects with defined gold resources. It has holdings in Nevada, California, Idaho, Mexico, Bolivia, and Australia.

Saskatoon, Sask.-based Cameco was up $1.23 to $47.93 as uranium prices gained a dollar to US$44 per lb.

Inmet Mining was up $1.14 to $36.00 after announcing an increase in capacity at its La Cruces copper project in Spain to 72,000 tonnes of copper per year from 66,000 tonnes. The company also updated its capital costs to 380 million euros (US$487 million).

Rounding out the session’s biggest movers by value, First Quantum Minerals was down $3.35 to $53.68, while Aber Diamond lost $2.34 to close at $37.58. Goldcorp also suffered with the falling price of gold; The Vancouver-based company was off $1.84 at $33.32.

TSX greatest percentage change

		Volume(000s)	High	Low	Close	Change
Moneta Porcpn	ME	294	0.18	0.15	0.17	+21.4
Formation Cap	FCO	1243	0.38	0.29	0.36	+20.0
Pac NW Cap	PFN	391	0.50	0.42	0.50	+19.0
HMZ Metals	HMZ	600	0.095	0.08	0.095	+18.7
Canadn Gld Hun	CGH	82	1.05	0.92	1.05	+17.9
Vista Gold	VGZ	51	10.50	9.10	9.86	+16.6
Energem Res	ENM	274	1.35	1.02	1.22	+16.1
Intl Nickel Vt	NVC	410	1.23	1.04	1.23	+16.0
European Ml wt	EPM.WT	220	0.47	0.38	0.45	+15.3
Peru Copper	PCR	3213	6.03	4.22	5.80	+13.5
Rex Diamond	RXD	147	0.135	0.115	0.12	-25.0
HMZ Metals wt	HMZ.WT	100	0.015	0.015	0.015	-25.0
Stornoway Diam	SWY	163	1.54	1.20	1.31	-18.1
Oriel Res	ORL	26	0.67	0.60	0.62	-17.3
Western Copper	WRN	1201	1.55	1.31	1.31	-17.0
Chariot Res wt	CHD.WT	465	0.26	0.21	0.21	-16.0
Crescent Gold	CRA	114	0.32	0.265	0.27	-15.6
Ascendant Copp	ACX	80	0.65	0.55	0.55	-15.3
Caldera Res	CDR	888	0.10	0.085	0.085	-15.0
Timminco	TIM	29	0.32	0.25	0.30	-14.2

TSX greatest value change

		Volume	Close	Change
Vista Gold	VGZ	51273	9.86	+1.41
Cameco Corp	CCO	3735062	47.93	+1.23
Meridian Gold	MNG	1299353	36.00	+1.14
Inmet Mining	IMN	674048	42.00	+0.98
Peru Copper	PCR	3213275	5.80	+0.69
Teal Expl & Mg	TL	11900	5.19	+0.52
Endeav Mng Cap	EDV	319877	7.56	+0.48
Central Gold-T	GTU.UN	11474	26.60	+0.45
IAMGold Corp	IMG	3114945	10.81	+0.42
Guyana Gldflds	GUY	1688137	9.50	+0.42
Lundin Mng	LUN	346163	31.65	-4.64
Potash Cp Sask	POT	580645	99.12	-3.53
Teck Comin B	TEK.SVB	5359905	67.63	-3.45
First Quantum	FM	1700969	53.68	-3.35
Aber Diamond	ABZ	393070	37.58	-2.34
ISh COMEX G Tr	IGT	23107	69.89	-1.86
Goldcorp	G	8525503	33.32	-1.84
Major Drilling	MDI	387639	26.50	-1.40
NovaGold Res	NG	1075444	14.28	-1.31
Tenke Mining	TNK	100647	12.85	-1.29

TSX most active issues

		Volume(000s)	High	Low	Close	Change
Bema Gold	BGO	16190	5.99	5.61	5.90	-0.22
Cambior Inc	CBJ	9548	3.63	3.29	3.54	-0.02
Coalcorp Mng	CCJ	9450	0.90	0.81	0.86	+0.02
EuroZinc Mng	EZM	9289	2.82	2.43	2.65	-0.17
Goldcorp	G	8526	35.21	32.35	33.32	-1.84
Yamana Gold	YRI	7864	11.45	10.59	11.24	-0.53
Breakwater Res	BWR	7773	1.42	1.16	1.21	-0.16
Kinross Gold	K	7272	12.56	11.63	12.46	+0.10
Eldorado Gold	ELD	6966	5.63	5.27	5.49	-0.15
HudBay Minls	HBM	6778	14.79	13.07	14.06	-0.57