Toronto Stock Exchange March 28-April 3

The Toronto Stock Exchange yo-yo’d itself 132.34 points higher to end the March 28-April 3 report period at a record high close of 12,210.86. The golds advanced 5.4% to 303.67 as the yellow metal leapt US$22 to US$587 per oz., a level not seen for around a quarter century. The base metal miners chipped in with a 2% rise to 469.06 points on mostly higher metal prices.

A $10-million investment by neighbour Newmont Mining sent shares in Queenstake Resources 10.5 or 30% higher to 45 on a whopping 59 million shares. The deal will give Newmont a 4.9% stake in Queenstake, which it can boost to 8.5% upon exercising the associated warrants. Queenstake slightly trimmed its losses to US$19.7 million during 2005. Newmont added 96 to make $59.97.

TVI Pacific put in a rare appearance on the TSX’s most-traded miners list, with more than 15.6 million shares advancing 1.5 to 17. TVI narrowed its loss by around 28% to just shy of $3.1 million during 2005; revenues more than quadrupled to $17.7 million as the Canatuan gold-silver mine in the Philippines began commercial production in early 2005.

Nevsun Resources got a late shot in the arm to finish 52 or 18% better at $3.45. The company recently poured its first gold from the Tabakoto gold mine in Mali. At full steam, Tabakoto is expected to produce 100,000 oz. per year at US$300 apiece.

Shares in Silvercorp Metals ended $2.70 or 16% higher at $19.80 after the company announced it has been granted an underground mining permit for the Ying silver project in China’s Henan province. The permit allows for a 600-tonne-per-day silver, lead and zinc mine.

Still better percentage gains were seen by Euro Ressources, up 50% to $1.35; Thundermin Resources, plus 45% to 16; High Plains Uranium, 37% higher at $1.11; and Franc-Or Resources, which gained 31% to 31.5.

Euro lost $1.48 million during 2005, down from $2.24 million in 2004, as revenues jumped to $4.9 million from $97,000 thanks to royalty payments from Cambior’s Rosebel mine in Suriname. High Plains recently named Thomas Parker as its new chief executive officer. Franc-Or is kicking the tires at several precious and base metal exploration properties in Peru, and continues to peddle its Humboldt Springs gold property in Nevada.

Also on the rise was Endeavour Mining, plus $1.81, or 28%, to $8.26. The company plans to buy back up to 10% of its shares over the next year. Endeavour also recently posted net income of US$31.9 million during the three months ended Feb. 28, up from US$3.4 million during the corresponding period a year earlier. The dramatic increase is mostly owing to a mark-to-market gain of US$36.1 million on several of its merchant banking equity positions.

TSX greatest percentage change

		Volume(000s)	High	Low	Close	Change
Euro Res	EUR	79	1.58	0.97	1.35	+50.0
Thundermin Res	THR	1692	0.195	0.115	0.16	+45.4
High Plains Ur	HPU	3633	1.25	0.83	1.11	+37.0
Frontera Cp wt	FCC.WT	1270	0.64	0.44	0.60	+33.3
Glencairn G wt	GGG.WT	947	0.21	0.135	0.20	+33.3
Franc-Or Res	FOR	822	0.35	0.22	0.315	+31.2
Queenstake Rs	QRL	59034	0.53	0.33	0.45	+30.4
SouthernEra wt	SDM.WT	87	0.07	0.06	0.065	+30.0
Endeav Mng Cap	EDV	1166	8.81	6.50	8.26	+28.0
Cusac Gold	CQC	2574	0.41	0.31	0.39	+25.8
HMZ Metals wt	HMZ.WT	405	0.025	0.01	0.02	-20.0
Golden Str wtA	GSC.WT.A	370	0.90	0.66	0.66	-17.5
Peru Copper	PCR	2893	3.40	2.73	2.76	-16.8
Brazilian Diam	BDY	70	0.37	0.34	0.34	-15.0
Golden Star	GSC	5524	4.26	3.51	3.52	-11.1
Alamos Gold	AGI	5430	10.30	9.20	9.20	-10.4
Blue Pearl wt	BLE.WT	233	2.40	2.21	2.25	-10.0
Wallbridge Mng	WM	422	0.345	0.31	0.32	-8.5
Sulliden Expl	SUE	850	0.65	0.55	0.56	-8.2
Pan Am Silv wt	PAA.WT	19	19.85	18.11	18.11	-8.0

TSX greatest value change

		volume	close	change
Potash Cp Sask	POT	1642524	105.38	+9.84
First Quantum	FM	1662963	48.61	+3.61
Agnico-Eagle	AEM	4843606	36.17	+3.37
Cameco Corp	CCO	7549142	43.83	+3.25
Glamis Gold	GLG	4398846	38.82	+3.24
Western Silver	WTC	2091050	28.56	+3.20
Centerra Gold	CG	476432	38.50	+3.00
Goldcorp wt	G.WT	52600	54.50	+2.92
Silvercorp Mtl	SVM	4164321	19.80	+2.70
ISh COMEX G Tr	IGT	23515	68.62	+2.61
Pan Am Silver	PAA	1631528	29.24	-1.62
Pan Am Silv wt	PAA.WT	18588	18.11	-1.59
Alamos Gold	AGI	5430069	9.20	-1.07
Minefinders	MFL	606887	8.68	-0.61
Peru Copper	PCR	2893034	2.76	-0.56
Silver Wheaton	SLW	9571972	12.12	-0.48
Golden Star	GSC	5524235	3.52	-0.44
Silver Std Res	SSO	612318	23.70	-0.30
Blue Pearl wt	BLE.WT	233100	2.25	-0.25
Moto Gold Mine	MGL	1106501	7.30	-0.24

TSX most active issues

		Volume(000s)	High	Low	Close	Change
Queenstake Rs	QRL	59034	0.53	0.33	0.45	+0.105
EuroZinc Mng	EZM	27130	2.15	1.95	2.14	+0.09
Bema Gold	BGO	21994	5.45	4.98	5.29	+0.05
Eldorado Gold	ELD	21736	5.79	5.12	5.73	+0.43
Kinross Gold	K	17008	13.10	11.78	12.79	+0.69
South Am Gld&C	SAG	16896	0.08	0.07	0.08	+0.005
Breakwater Res	BWR	16545	1.45	1.24	1.40	+0.02
Equinox Minls	EQN	15869	1.63	1.48	1.58	-0.02
TVI Pacific	TVI	15645	0.18	0.15	0.17	+0.015
Barrick Gold	ABX	15006	32.86	30.34	32.61	+1.65