TSX Venture Exchange Dec. 4-10

With bullion straddling the US$800-per-oz. level over the Dec. 4-10 trading session, the S&P-TSX Venture Composite Index eked out a modest gain of 33.87 points to close at 2,751.27. Daily trading volumes averaged 88.6 million shares for the week.

A powerful bearish trend again dominated the junior mining market over the period with a paltry nine companies managing new annual share price highs while 213 slumped to 52-week lows.

Gravity West Mining grabbed top trading honours for the week with almost 39 million shares changing hands — posting a 3 gain to close at 20 per share. Assays are pending from the company’s Voltaire Lake project in northwester Ontario’s Sibley basin region, where recent drilling cut massive sulphides.

News that Yukon Zinc has withdrawn plans to raise $130 million due to weak market conditions further depressed its shares. The stock shed two pennies to close the session at 11.5 on 22.9 million shares traded. Subsequently, an $8-million financing was arranged to maintain development and engineering activities at the company’s Wolverine zinc-silver project in the Yukon.

Shares of penny trader Simberi Mining climbed 2 on the week to close at 8 on trading volume of 12.5 million shares. The company is planning a drill program at its Lambina project in South Australia and is working at settling title issues at its Kakanda copper-cobalt project in the Democratic Republic of the Congo.

Shares of Sanatana Diamonds soared more than 620%, up $1.93 to $2.24 apiece, on trading volume of over 11 million shares after a sample from its Dharma kimberlite in the Northwest Territories confirmed it is diamond-bearing.

Another penny junior, Patrician Diamonds, saw its share price almost double to 12.5 per share — up 5.5 — on 10.4 million shares traded. Planned drilling on its Sahtu project in the Northwest Territories has been delayed until spring.

Peak Gold posted a 7 gain to close the week at 55 per share on 10.3 million shares of volume. It has closed a $110-million financing and also recently boosted the resource tally at its Amapari gold mine in Brazil.

After drilling on its Red Willow project in the Athabasca basin turned up significant uranium intercepts, Purepoint Uranium added 7 to its stock price to close the week at 44 on nearly 10 million shares traded.

Tournigan Gold rallied 30% on the trading session — closing up 31 at $1.35 per share after delivering a resource boost at its Curraghinalt gold project in Northern Ireland. It also updated the resource at its Kuriskova uranium project in Slovakia.

Snowfield Development posted a 75% gain for the week, closing up 15 to 35 per share, on news it delivered the first 100 tonnes of a 500-tonne kimberlite mini-bulk sample to De Beers’ facility in Saskatchewan for testing. The kimberlite is from the company’s Ticho project, located just southeast of Yellowknife in the Northwest Territories.

TSX-V greatest percentage change

VOLUME(000s) HIGH LOW CLOSE CHANGE
Sanatana Diam STA 11375 2.65 0.30 2.24 + 622.5
Patrician Diam PXC 10453 0.165 0.08 0.125 + 78.5
Snowfield Res SNO 3223 0.39 0.185 0.35 + 75.0
Cariboo Rose CRB 793 0.38 0.22 0.36 + 71.4
Dianor Res DOR 1986 0.54 0.285 0.495 + 59.6
Lithic Res LTH 259 0.63 0.385 0.63 + 57.5
Clifton Star CFO 34 2.00 1.40 2.00 + 51.5
Carlin Gold CGD 200 0.12 0.085 0.12 + 50.0
Maxy Gold MXD 238 0.61 0.42 0.61 + 41.8
Metco Res MKO 2292 0.07 0.045 0.07 + 40.0
Golconda Res GA 216 0.17 0.115 0.14 34.8
Great Sthn Ent GSR 124 0.045 0.04 0.04 33.3
Big Bar Res BBK 296 0.38 0.24 0.24 31.4
Wellstar Enrgy WST 24 0.10 0.07 0.07 30.0
Noble Metal Gr NMG 107 0.24 0.17 0.17 29.1
Nikos Expl NIK 327 0.14 0.10 0.10 28.5
Buchans River BUV 196 0.42 0.36 0.36 28.0
Global Uran GU 323 0.21 0.14 0.17 27.6
Western Prospc WNP 2081 1.28 1.05 1.07 27.7
Gold World Res GDW 500 0.085 0.055 0.055 26.6

TSX-V greatest value change

VOLUME CLOSE CHANGE
Seabridge Gold SEA 77684 29.50 + 3.15
Sanatana Diam STA 11374622 2.24 + 1.93
Azimut Expl AZM 256315 4.36 + 0.74
Pan Oce Exp POE 1468306 10.65 + 0.73
Kodiak Expl KXL 6419800 4.61 + 0.69
Clifton Star CFO 33559 2.00 + 0.68
Exeter Res XRC 137192 5.06 + 0.59
Anooraq Res ARQ 356917 4.33 + 0.58
Antares Minls ANM 264441 4.05 + 0.50
Palmarejo S&G PJO 2004527 11.80 + 0.50
Xemplar Energy XE 1689822 6.69 0.56
Belvedere Res BEL 60000 1.47 0.47
Tirex Res TXX 1729804 2.89 0.43
Western Prospc WNP 2081195 1.07 0.41
Fortress Minls FST 389700 1.31 0.38
Triex Minerals TXM 148112 2.75 0.35
Pediment Expl PEZ 941420 2.71 0.33
Rainy River Rs RR 237425 3.97 0.28
AuEx Vent XAU 297880 2.15 0.26
Blackstone Res BLV 1185000 0.71 0.17

TSX-V most active issues

VOLUME(000s) HIGH LOW CLOSE CHANGE
Gravity West GRW 38918 0.22 0.165 0.20 + 0.03
Yukon Zinc YZC 22925 0.15 0.115 0.115 0.02
Simberi Gold SAU 12524 0.10 0.055 0.08 + 0.02
Sanatana Diam STA 11375 2.65 0.30 2.24 +< /td>

1.93
Patrician Diam PXC 10453 0.165 0.08 0.125 + 0.055
Peak Gold PIK 10320 0.55 0.475 0.55 + 0.07
Purepoint U PTU 9948 0.62 0.40 0.44 + 0.07
Gold Hawk Res CGK 9125 0.55 0.38 0.55 + 0.145
Tournigan Gold TVC 8402 1.35 0.96 1.35 + 0.31
Sage Gold SGX 8324 0.54 0.455 0.52 + 0.02

Print

 

Republish this article

Be the first to comment on "TSX Venture Exchange Dec. 4-10"

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