Toronto Stock Exchange – NOVEMBER 10-16

The Toronto Stock Exchange soared to its highest close in more than three weeks on Nov. 16 with an oil price rally that fuelled energy shares. But overall during the Nov. 10-16 reporting period, the S&P/TSX composite index advanced just 85.52 points or 0.75% to finish at 11,512.26, while the Capped Metals and Mining index increased 19.77 points or 2.07% to 976.53.

Strong gold and silver prices continued to buoy precious metals stocks. Spot silver reached a peak of US$18.43 per oz. on Nov. 16, its firmest threshold since July 2008. Pan American Silver added $1.61 to $26 per share on news that its silver and gold production reached record levels in the third quarter. Net income for the quarter tallied US$17.4 million or US20¢ per share, a year-on-year increase of 172%.

News out of Indonesia that Newmont Mining and Sumitomo have fulfilled their divestiture obligations to the government sent Newmont shares up $1.35 to $54.75. Newmont and Sumitomo have sold 10% of their share in PT Newmont Nusa Tenggara to a consortium of regional and local governments near the Batu Hijau mine, and a private company. Newmont has received 56.25% of the proceeds of US$391 million; its ownership in Batu will fall to 39.38% from 45%.

Imperial Metals surged 47.2% or $2.87 to finish at $8.95 per share following drill results at its Red Chris property in British Columbia. Hole 350 returned 152.5 metres grading 4.12% copper and 8.83 grams gold per tonne starting at 540 metres. Of the 62 assay intervals in the 152.5-metre run, six returned less than 2% copper and only four returned less than 4 grams gold.

Gabriel Resources was up 32% to $3.30 per share on news that it had found an investor to help back its Rosia Montana gold project in Romania. BSG Capital Markets, part of the private Beny Steinmetz Group, will buy 30 million units of Gabriel at $2.25 each for proceeds of $67.5 million.

Crystallex International skyrocketed 70% to 46¢ per share on no news, prompting the junior to issue a statement that it was unaware of any material undisclosed developments that would account for the high trading volume and stock price. Crystallex is locked in a dispute with the Venezuelan government over ownership of the Las Cristinas gold project. Financial results released on Nov. 11 indicate Crystallex had cash and equivalents of US$4.9 million as of Sept. 30; management said it has enough cash to fund its operations through the first quarter of 2010.

Agrium climbed $1.72 to $56.40. On Nov. 16, RiskMetrics recommended that shareholders in CF Industries Holdings tender their shares to Agrium’s takeover offer of US$45 in cash and one share of Agrium for each CF share — a 109% premium to CF’s Jan. 15 price of $47.23. CF’s board is still against the merger, first proposed in February.

TSX most active issues
		VOLUME	WEEK
		(000s)	HIGH	LOW	CLOSE	CHANGE
Eastern Platin	ELR	31627	0.94	0.78	0.91	+ 0.08
Uranium One	UUU	30281	3.62	3.09	3.56	+ 0.43
Yamana Gold	YRI	28118	13.86	12.78	13.72	+ 0.32
Osisko Mng	OSK	27658	8.11	7.60	8.03	+ 0.23
HoriznsGBear	HGD	22046	4.42	3.91	4.00	-0.20
Barrick Gold	ABX	19732	46.47	44.00	46.15	+ 0.82
New Gold	NGD	19247	4.52	4.01	4.47	-0.01
Centamin Egypt	CEE	18968	2.48	2.28	2.40	-0.06
HoriznsGBull	HGU	17874	15.43	13.78	15.17	+ 0.66
Equinox Minls	EQN	17787	3.98	3.56	3.86	-0.08

TSX greatest percentage change
		VOLUME	WEEK
		(000s)	HIGH	LOW	CLOSE	CHANGE
Moydow Mns Int	MOY	7487	0.88	0.37	0.80	+128.5
Crystallex Int	KRY	6511	0.55	0.25	0.46	+ 70.3
Imperial Metal	III	1585	10.50	7.35	8.95	+ 47.2
TVI Pacific	TVI	12406	0.10	0.06	0.10	+ 42.8
Revett Mnls	RVM	2673	0.28	0.17	0.24	+ 33.3
Gabriel Res	GBU	14929	3.56	2.55	3.30	+ 32.0
Aeroquest Intl	AQL	278	0.68	0.51	0.67	+ 31.3
Erdene Res Dev	ERD	2351	0.40	0.30	0.38	+ 31.0
Aquila Res	AQA	5066	0.34	0.25	0.33	+ 26.9
BioteQ Env	BQE	599	1.49	1.13	1.49	+ 23.1
Petaquilla Mnl	PTQ	14421	0.33	0.21	0.22	-31.2
Peregrine Diam	PGD	5158	2.45	1.63	1.68	-27.2
Pac Rim Mining	PMU	1762	0.34	0.22	0.22	-26.6
Goldstake Exp	GXP	557	0.04	0.03	0.03	-25.0
Timminco	TIM	11249	2.35	1.52	1.63	-22.3
Stornoway Diam	SWY	3583	0.32	0.24	0.26	-21.2
Coalcorp Mng	CCJ	4580	0.20	0.14	0.15	-21.0
PC Gold	PKL	296	0.84	0.62	0.66	-19.5
Crew Gold	CRU	561	0.22	0.17	0.17	-19.0
Mines Managmnt	MGT	15	2.80	2.40	2.40	-16.6

TSX greatest value change
WEEK
		VOLUME	CLOSE	CHANGE
Inmet Mining	IMN	1882661	68.58	+ 4.90
Potash Cp Sask	POT	4850625	108.84	+ 3.34
Imperial Metal	III	1585190	8.95	+ 2.87
IShCOMEXGTr	IGT	28119	116.91	+ 2.47
Agrium	AGU	3226340	56.40	+ 1.72
Pan Am Silver	PAA	2032279	26.00	+ 1.61
Agnico-Eagle	AEM	4608616	64.75	+ 1.51
Newmont Mng	NMC	51325	54.75	+ 1.35
Silver Std Res	SSO	765271	22.22	+ 1.28
IAMGold Corp	IMG	17702114	19.70	+ 1.21
Quadra Mng	QUA	10024022	13.59	-1.41
Seabridge Gold	SEA	246353	25.85	-1.06
Labdr I-Ore Ro	LIF_U	295640	39.80	-0.78
Red Back Mng	RBI	8956324	15.21	-0.66
HudBay Minls	HBM	6987264	16.33	-0.64
Peregrine Diam	PGD	5158184	1.68	-0.63
Sherritt Intl	S	10767868	6.74	-0.53
Mines Managmnt	MGT	14937	2.40	-0.48
Timminco	TIM	11249145	1.63	-0.47
Keegan Res	KGN	1209464	6.25	-0.44