Toronto Stock Exchange Trading April 24-30

The TSX Composite Index fell 212.29 points to 13,416.68 over the April 24-30 trading period after economic reports pointed to slowing growth in the U.S. market, causing a slump in commodity related shares.

Energy producers saw their shares fall after federal Environment Minister John Baird announced a plan to cut greenhouse gas emissions by 20% by 2020. The news fuelled speculation that Alberta’s oil sands projects will have to be scaled back.

The price of gold fell US$11.70 to US$677.00 per oz. over the session, and was continuing to fall at presstime, as oil prices weakened and Asian and European markets closed for the “Golden Week” and May Day holidays. The loss was reflected in the Global Gold Index, which fell 15.17 points to 291.78.

The Metals & Mining Index also came down after a prolonged bull run. The diversified miners were down 11.78 points to 720.02 for the period as copper, nickel and tin all pulled back from their recent big gains. Aluminum, zinc and lead were up marginally for the period.

Stornoway Diamond drew attention to the Canadian diamond scene by unloading its 45% stake in the Buffalo Hills project in northern Alberta. The company acquired the project earlier this year when it took over Ashton Mining of Canada.

Venture-listed Diamondex Resources and Shore Gold announced they will buy the stake; Diamondex will contribute $6.25 million in cash plus $2.5 million in shares, and Shore will put in $8.75 million in cash.

Ashton and partners EnCana and Pure Diamonds Exploration have so far spent $30 million on exploration at Buffalo Hills.

Stornoway shares fell 6 for the period to 96, while Diamondex fell 6 to 40 and Shore Gold fell 38 to $5.51.

Canadian Royalties found good news in the courtrooms of Quebec, as a claim filed by Ungava Minerals against two of its directors — Bruce Durham and Glenn Mullan — was dismissed.

Ungava had been seeking $50 million in damages after alleging trespass and concealment at the Expo-Ungava property in northern Quebec. Still, the good news couldn’t offset the impact of lower nickel prices, as Canadian Royalties lost 3 for the period, coming down to $3.92.

Dynatec was the period’s most popular miner, trading almost 32 million shares and falling 10 to $4.37. The heavy trading came the week following Sherritt International’s agreement to buy Dynatec and its 40% stake in the Ambatovy nickel project, in Madagascar, for $1.6 billion.

The period’s biggest gainer was Inspiration Mining. The Vancouver-based company gained 43% to finish at $6.01 after announcing results from its Langmuir project near Timmins, Ont. Results were highlighted by an interval of 1.054% nickel over 13.36 metres.

TSX most active issues

		VOLUME(000s)	HIGH	LOW	CLOSE	CHANGE
Dynatec Corp	DY	31817	4.56	4.34	4.37	-0.10
SXR Uranm One	SXR	31122	17.12	16.20	16.65	-0.10
Equinox Minls	EQN	25151	2.50	2.18	2.43	+0.14
Tiomin Res	TIO	23622	0.175	0.12	0.125	-0.045
Eastern Platin	ELR	22003	2.54	2.29	2.37	-0.10
Goldcorp	G	19842	28.64	26.94	26.94	-1.57
Kinross Gold	K	19581	15.64	14.75	14.77	-0.79
Breakwater Res	BWR	18229	2.19	2.07	2.10	-0.05
High River Gol	HRG	18054	2.74	2.40	2.42	-0.27
Gabriel Res	GBU	17760	4.40	3.86	3.91	-0.49

TSX greatest percentage change

		VOLUME(000s)	HIGH	LOW	CLOSE	CHANGE
Inspiration Mg	ISM	2424	6.03	4.30	6.01	+43.4
Zaruma Res	ZMR	813	0.15	0.115	0.15	+30.4
Ascendant C wt	ACX_T	162	0.125	0.10	0.125	+25.0
Marathon PGM	MAR	594	8.00	6.40	7.84	+19.8
Northern Peru	NOC	1116	9.97	8.59	9.90	+15.2
Yukon Gold	YK	69	0.68	0.58	0.68	+13.3
Corriente Res	CTQ	2869	4.19	3.43	3.96	+12.5
Jaguar Mng	JAG	1433	8.30	7.19	8.05	+12.5
South Am Gld&C	SAG	1689	0.045	0.04	0.045	+12.5
Diamond Fields	DFI	3199	0.23	0.16	0.185	+12.1
Africo Res	ARL	1963	3.86	2.06	2.80	-27.4
Tiomin Res	TIO	23622	0.175	0.12	0.125	-26.4
Glencairn G wt	GGG_T	201	0.16	0.13	0.13	-21.2
Erdene Gold	ERD	1205	1.52	1.16	1.16	-21.0
Carlisle Goldf	CGJ	338	0.325	0.265	0.27	-20.5
Moydow Mns Int	MOY	82	0.25	0.21	0.21	-19.2
European Ml wt	EPM_T	34	0.55	0.46	0.47	-18.9
Tahera Diam	TAH	4856	0.87	0.70	0.71	-18.3
Caledonia Mng	CAL	9115	0.25	0.17	0.19	-17.3
StrataGold	SGV	2606	0.67	0.53	0.58	-15.9

TSX greatest value change

		VOLUME	CLOSE	CHANGE
Alcan	AL	8492856	65.35	+4.01
Inspiration Mg	ISM	2423777	6.01	+1.82
Northern Peru	NOC	1116476	9.90	+1.31
Marathon PGM	MAR	593629	7.84	+1.30
Labdr I-Ore Ro	LIF_U	462944	30.61	+1.06
Jaguar Mng	JAG	1432884	8.05	+0.90
Detour Gold	DGC	522879	5.65	+0.60
Blue Pearl Mng	BLE	13936460	18.00	+0.55
UraMin	UMN	8091528	6.84	+0.46
Corriente Res	CTQ	2868686	3.96	+0.44
Potash Cp Sask	POT	1227349	198.80	-8.08
Newmont Mng	NMC	150633	46.15	-3.11
Pan Am Silver	PAA	884284	31.25	-3.10
Pan Am Silv wt	PAA_T	14850	19.67	-2.95
Agnico-Eagle	AEM	4501590	39.05	-2.37
Meridian Gold	MNG	1680624	27.90	-2.35
Silver Std Res	SSO	491920	40.29	-2.14
ISh COMEX G Tr	IGT	14900	74.52	-2.04
Cameco Corp	CCO	6361169	51.70	-1.66
Goldcorp	G	1984 1956	26.94	-1.57