U.S. Markets September 5-11

Commodity prices took a tumble that translated into lower share prices for most resource companies listed on U.S. markets during the report period ended Sept. 11. The Standard & Poor’s 500 Index shed 11.47 points to close at 1,299.54 as investors looked to other sectors to make trading gains.

Energy companies were particularly hard hit, with Peabody Energy losing US$8.72 to close at US$35.98 in heavy volume, and Arch Coal down US$5.32 to US$28.33.

Robust prices for uranium helped Uranerz Energy to escape the commodity downturn. The company was up almost a dime to US$2.53.

Gold companies came under downward pressure, led once again by Newmont Mining, whose share price goes up and down with the gold price because of its non-hedging policy. The Denver, Colo.-based company lost US$5.43 to close at US$45.68.

Goldcorp shed another US$2.65 to US$24.70, reflecting a persistent lack of investor enthusiasm for its pricey takeover bid for Glamis Gold.

African-focused gold miner AngloGold Ashanti dropped US$6.05 to US$40.40, in keeping with the general sell-off among gold stocks.

Copper producers also took the brunt of the correction in commodities, with Phelps Dodge tumbling to US$84.05, down US$6.70 over the session. Freeport-McMoRan Copper & Gold fell to US$53.95, off US$5.41 over the period. The company’s core asset is the vast Grasberg copper-gold mine in Indonesia.

Diversified producer Rio Tinto has benefited handsomely from high commodity prices for the past few years, but this market correction clipped US$20.77 off its share price to close at US$184.26.

ASA (Bermuda) posted a loss of US$6.40 to US$56.60, reflecting its exposure to precious metals, diamonds and other precious minerals. The closed-end investment vehicle holds a portfolio of resource companies engaged in exploration, mining and processing of precious metals and minerals, and also invests in gold, silver and platinum bullion or securities that replicate their price movements.

The largest percentage movers were a handful of junior companies, led by Brookmount Explorations, which is exploring its core Mercedes 100 gold property in Peru, and the more recently acquired Rock Creek polymetallic prospect in the Greenwood mining division of south-central British Columbia. Brookmount gained US0.03 to close at US13.5.

Alcoa also lost ground over the session, off US$1.85 to US$27.16 as investors lightened up on their exposure to industrials and resource stocks, at least for the time being.

U.S. greatest percentage change

		VOLUME(000s)	HIGH	LOW	CLOSE	CHANGE
Brookmount Ex*	BMXI	349	0.15	0.11	0.135	+28.5
Commerce Grp*	CGCO	60	0.12	0.09	0.10	+25.0
Goldspring*	GSPG	16429	0.006	0.005	0.006	+20.0
World Vent*	WVNTF	45	0.15	0.135	0.15	+11.1
New Jersey Mg*	NJMC	187	0.74	0.51	0.69	+6.1
Trend Mng*	TRDM	773	0.14	0.115	0.125	+4.1
Uranerz Energ*	URZ	247	2.74	2.45	2.53	+3.6
Glencairn Gld*	GLE	861	0.71	0.60	0.60	+3.4
Puda Coal*	PUDC	115	3.44	3.24	3.35	+3.4
CanAlaska Ven*	CVVLF	1952	0.53	0.352	0.372	+3.3
El Capitan Pr*	ECPN	1071	1.75	1.18	1.24	-25.3
Campbell Res*	CBLRF	195	0.158	0.12	0.12	-24.0
Birch Mountn*	BMD	994	3.86	2.85	2.94	-23.2
Tanz Roy Exp*	TRE	1698	7.24	5.38	5.39	-22.8
Seabridge Gld*	SA	806	15.30	11.16	11.33	-21.7
Golden Eagle*	MYNG	5117	0.013	0.01	0.011	–	1.4
Colombia Gldf*	CGDF	173	1.50	1.22	1.26	-21.2
Northw Min Vt*	NWTMF	1956	0.42	0.32	0.332	-20.9
Liberty Star*	LBTS	8327	0.91	0.60	0.61	-20.7
Vista Gold*	VGZ	802	13.47	9.77	10.15	-20.6	2

U.S. greatest value change

		VOLUME	CLOSE	CHANGE
Puda Coal*	PUDC	115040	3.35	+0.11
Uranerz Energ*	URZ	246900	2.53	+0.09
New Jersey Mg*	NJMC	186875	0.69	+0.04
Brookmount Ex*	BMXI	348694	0.135	+0.03
Grand Cen Sil*	GSLM	66405	1.50	+0.03
Commerce Grp*	CGCO	59781	0.10	+0.02
Glencairn Gld*	GLE	860700	0.60	+0.02
Little Squaw*	LITS	156921	1.60	+0.02
World Vent*	WVNTF	45100	0.15	+0.015
CanAlaska Ven*	CVVLF	1951815	0.372	+0.012
Rio Tinto*	RTP	2231500	184.26	-20.77
Peabody Enrgy*	BTU	26866800	35.98	-8.72
Phelps Dodge*	PD	17487800	84.05	-6.70
ASA (Bermuda)*	ASA	384600	56.50	-6.40
AngloGold Ash*	AU	4737600	40.40	-6.05
Lihir Gold*	LIHRY	221479	41.73	-5.85
Newmont Mng*	NEM	25515500	45.68	-5.43
Freeport McMo*	FCX	12544900	53.95	-5.41
Arch Coal*	ACI	12032600	28.33	-5.32
Agnico-Eagle*	AEM	7951300	33.27	-5.29

U.S. most active issues

		VOLUME(000s)	HIGH	LOW	CLOSE	CHANGE
AuGrid*	AUGC	1700409	0.00	1.0E8	0.00	0.00
Peabody Enrgy*	BTU	26867	44.71	35.90	35.98	-8.72
Newmont Mng*	NEM	25516	52.64	45.55	45.68	-5.43
Goldcorp*	GG	22217	28.80	24.57	24.70	-2.65
Alcoa*	AA	20997	29.59	26.98	27.16	-1.85
CVRD*	RIO	20995	22.92	20.35	20.49	-1.77
Coeur d Alene*	CDE	19080	5.84	4.64	4.80	-0.76
Phelps Dodge*	PD	17488	94.71	82.95	84.05	-6.70
Barrick Gold*	ABX	16869	34.47	29.58	29.58	-3.85
Goldspring*	GSPG	16429	0.006	0.005	0.006	+0.001