Toronto Stock Exchange Jan. 29 -Feb. 4

Although the TSX Composite Index had its worst January since 1990, falling 4.9% over the month, Canada’s benchmark index started February off on a better note.

The index rose 2% over the Jan. 29-Feb. 4 trading period, finishing 271.26 points higher at 13,258.16.

The Capped Metals and Mining Index, also stronger, jumped 9%, or 65.12 points, to 760.13 points.

But the Global Gold Index fell more than 7%, or 26.8 points, to 336.6 as the price of gold fell 3%, or US$28 per oz., to US$893.75 per oz.

The big gold companies felt it — Newmont Mining saw the greatest loss over the period, falling $4.82 per share to $50.65, followed by Barrick Gold, down $44.71 to $49.06. Agnico- Eagle Mines shares slid $3.64 to $59.98 and Goldcorp stock was off $3.25 at $28.41.

Breakwater Resources was the most actively traded stock over the period, up 26 to $1.53 on volume of nearly 44 million shares.

Platinum, up US$245 since Jan. 1, continued its steep ascent, climbing US$93 per oz. to US$1,786 per oz. over the period. That kept Eastern Platinum on investors’ radars, as the second most active stock for the week rose 21 to $3.12 per share on 36 million shares traded.

Third in line was Yamana Gold, with its shares $1.41 higher at $15.05 each on 34 million shares traded. Silver Wheaton, which saw almost 33 million shares traded, fell $1.41 over the session to $15.01, after Goldcorp sold its entire 48% stake in the company for $1.57 billion — or 108 million shares at $14.50 apiece.

First Quantum Minerals shares saw the highest value change over the period, up $6.32 to $79.62. Earlier in the month, the company forecast that 2008 copper production would rise to 310,000 tonnes.

Next was Fording Canadian Coal Trust shares, up $5.25 to $48.35, followed by Inmet Mining shares, which gained $5.17 to close at $74.22.

Caledonia Mining saw the biggest increase on a percentage basis; the stock was up 90% — though only to 19 each — on a trading volume of almost 32 million. The com-

pany signed a cobalt offtake agreement with a Chinese refiner, locking in a minimum of 21,000 tonnes of cobalt hydroxide from its Nama project, in northern Zambia, over the next six years.

Cline Mining shares climbed 50% on no news to 28.5 each, while Extract Resources saw its stock pushed up 50% on some good intersections from its Husab uranium project in Namibia. The company cut 125 metres grading

0.134% U3O8 and 31 metres grading 4.46% U3O8 from its Garnet Valley deposit.

Ascendant Copper shares have continued to fall, down 29% to 12 over the period, as the company deals with the loss of its Junin property in Ecuador. The government revoked Ascendant’s concessions along with hundreds of others on Jan. 25 as it works to change mining laws and acquire greater control over the industry.

TSX most active issues
		VOLUME		WEEK
		( 000s)	HIGH	LOW	CLOSE	CHANGE
Breakwater Res	BWR	43628	1.56	1.29	1.53	+ 0.26
Eastern Platin	ELR	36116	3.21	2.80	3.12	+ 0.21
Yamana Gold	YRI	34425	17.02	15.04	15.05	– 1.41
Silver Wheaton	SLW	32502	16.67	14.85	15.01	– 1.88
Caledonia Mng	CAL	31592	0.22	0.11	0.19	+ 0.09
Kinross Gold	K	27120	22.81	21.15	21.37	– 1.20
Uranium One	UUU	26048	7.59	6.81	7.21	+ 0.13
Barrick Gold	ABX	24635	53.85	48.35	49.06	– 4.71
Teck Comin B	TCKB	24627	37.82	32.28	36.81	+ 4.02
Paladin Energy	PDN	24623	4.75	3.88	4.62	+ 0.15

TSX greatest percentage change
		VOLUME		WEEK
		( 000s)	HIGH	LOW	CLOSE	CHANGE
Caledonia Mng	CAL	31592	0.22	0.11	0.19	+ 90.0
Cline Mng	CMK	628	0.285	0.175	0.285	+ 50.0
Extract Res	EXT	44	1.20	1.15	1.20	+ 50.0
Sulliden Expl	SUE	1275	0.45	0.28	0.40	+ 48.1
Stornoway Diam	SWY	4108	0.75	0.54	0.71	+ 42.0
Western Areas	WSA	15	5.19	3.70	5.00	+ 35.1
Coalcorp Mng	CCJ	17724	2.70	1.71	2.45	+ 34.6
Grande Cache C	GCE	7370	2.15	1.51	2.14	+ 27.3
Sprott Res	SCP	1173	2.35	1.65	2.18	+ 26.7
Erdene Gold	ERD	311	1.10	0.80	0.97	+ 24.3
New Gold wt	NGD_ T	152	0.12	0.04	0.06	– 50.0
Ascendant Copp	ACX	1460	0.175	0.12	0.12	– 29.4
North Atlc Res	NAC	174	0.475	0.365	0.365	– 23.1
Euro Res	EUR	10	1.30	1.05	1.18	– 21.3
Yukon Gold	YK	492	0.355	0.21	0.24	– 20.0
IAMGold Corp	IMG	15473	9.52	7.59	7.69	– 19.3
StrataGold	SGV	1002	0.18	0.14	0.15	– 16.6
Skye Res	SKR	3703	6.55	3.85	5.45	– 16.4
Bannerman Res	BAN	140	3.00	2.15	2.15	– 15.6
European Ml wt	EPM_ T	21	0.58	0.50	0.50	– 15.2

TSX greatest value change
WEEK
		VOLUME	CLOSE	CHANGE
First Quantum	FM	2608555	79.62	+ 6.32
Fording C C T	FDG_ U	5496721	48.35	+ 5.25
Inmet Mining	IMN	2318477	74.22	+ 5.17
Teck Comin A	TCKA	12749	44. 00	+ 4.78
Teck Comin B	TCKB	24627311	36.81	+ 4.02
Potash Cp Sask	POT	8848034	144.15	+ 3.95
Quadra Mng	QUA	2352694	20.12	+ 2.61
FNX Mining	FNX	2757983	27.54	+ 2.46
Timminco	TIM	13386578	15.27	+ 1.88
Thompson Creek	TCM	5946619	16.73	+ 1.69
Newmont Mng	NMC	232740	50.65	– 4.82
Barrick Gold	ABX	24635351	49.06	– 4.71
Horizns G Bull	HGU	2139625	27.95	– 4.57
Agnico- Eagle	AEM	4529014	59.98	– 3.64
ISh COMEX G Tr	IGT	27135	88.82	– 3.63
Royal Gold	RGL	19207	28.41	– 3.25
Goldcorp	G	20215122	35.89	– 2.55
Central Gold- T	GTU_ U	39699	35.10	– 2.36
Pan Am Silver	PAA	2363759	34.50	– 2.15
Silver Wheaton	SLW	32501680	15.01	– 1.88