TORONTO STOCK EXCHANGE -July 5-9

The TSX composite index showed signs of life again finishing 400 points higher for the July 5-9 period as it ended the week at 11,600 points. It was one of the strongest periods for the index this year as investors began to believe that the debt crisis in Europe could be heading towards a close.

It was a stronger period for the diversified miners as well, as the prices of copper, aluminum, nickel, tin, lead and zinc all rose. That helped bolster the Capped Metals & Mining index by roughly 100 points to close at 896 points.

Lundin Mining was the greatest beneficiary of improved base metal prices as the company, which had been on a considerable slump with its share price falling from the $5.50 mark in early April to the $3.00 level in late June, rebounded and gained 25% for the period to finish at $3.78.

Unfortunately for gold bugs, the yellow metal didn’t perform so well. The Global Gold index finished flat at 364 points, as the price of gold fell with the strengthening of the U.S. dollar.

Despite gold’s lack of strength, however, Crocodile Gold managed to propel itself up the market as it gained 27% to finish the week at $1.28 apiece. The upward mobility came courtesy of drill results from its Howley gold project in Australia, with intercepts such as 13.36 grams gold per ton over 5 metres. The company announced it had struck several wider mineralized zones downdip from existing resources.

The new wasn’t as good for Forsys Metals as it saw its shares fall by 32% after announcing that it had not reached an agreement with prospective buyers of the company. Morgan Stanley launched a review of the company in October 2009 shortly after a deal with George Forrest International (GFI) fell through. GFI was set to buy all of Forsys’ outstanding shares for $7.00 before the Canadian government got involved and scuttled the deal. Forsys shares closed down at $1.51 apiece.

It was also a tough period for New Gold, which lost an appeal against a Mexican court ruling.

The original ruling cancelled a 2006 environmental impact study on its Cerro San Pedro gold-silver mine in central Mexico. The decision had the mid-tier producer’s shares falling 16% to $5.40.

In September 2009, a Federal Court ruled that the mine’s environmental impact assessment should be cancelled. A few months later, however, another court granted an injunction allowing the mine to remain fully operational since then.

New Gold says it will file an appeal as it claims Cerro San Pedro complies with the highest environmental standards and should stay open for the benefit of the local economy. The company says the legal dispute has to do with a land-use dispute and not environmental issues.

TSX most active issues
		VOLUME		WEEK
		(000s)	HIGH	LOW	CLOSE	CHANGE
New Gold	NGD	33510	6.46	5.07	5.40	-1.06
Lundin Mng	LUN	31837	3.81	2.97	3.78	+ 0.75
Uranium One	UUU	30191	2.91	2.69	2.77	+ 0.05
Western Coal	WTN	28430	4.23	3.51	4.22	+ 0.35
Teck B	TCKB	21227	35.72	30.25	35.60	+ 3.99
Eastern Platin	ELR	15637	0.99	0.87	0.97	+ 0.01
Yamana Gold	YRI	14062	10.32	9.91	10.18	-0.16
Centamin Egypt	CEE	13440	2.52	2.37	2.44	-0.01
Barrick Gold	ABX	13077	46.16	43.84	45.04	-0.91
Crowflight Mnl	CML	12698	0.15	0.12	0.12	-0.01

TSX greatest percentage change
		VOLUME		WEEK
		(000s)	HIGH	LOW	CLOSE	CHANGE
Grandview Gld	GVX	1375	0.07	0.05	0.07	+ 40.0
Nautilus Minls	NUS	8637	2.54	1.82	2.29	+ 30.1
Crosshair E&Mg	CXX	789	0.14	0.10	0.14	+ 27.2
Crew Gold	CRU	3901	0.28	0.22	0.28	+ 27.2
Jinshan Gold M	JIN	2057	4.00	2.75	3.94	+ 26.2
Crocodile Gold	CRK	6122	1.33	0.99	1.28	+ 25.4
Lundin Mng	LUN	31837	3.81	2.97	3.78	+ 24.7
Cline Mng	CMK	6123	1.46	1.07	1.42	+ 23.4
Polaris Minls	PLS	61	1.69	1.31	1.60	+ 22.1
Northland Res	NAU	61	2.15	1.72	2.15	+ 20.1
Forsys Metals	FSY	5381	2.21	1.40	1.51	-32.2
Polo Res	POL	190	0.11	0.06	0.08	-20.0
Kimber Res	KBR	77	0.81	0.65	0.66	-18.5
DynacorGoldM	DNG	183	0.35	0.30	0.31	-18.4
Mediterrn Res	MNR	261	0.12	0.09	0.10	-16.6
Freegold Vent	ITF	213	0.06	0.05	0.05	-16.6
New Gold	NGD	33510	6.46	5.07	5.40	-16.4
Silver Bear Rs	SBR	25	0.25	0.22	0.22	-15.3
Formation Mtls	FCO	314	0.92	0.65	0.79	-14.1
Aeroquest Intl	AQL	148	0.52	0.43	0.43	-14.0

TSX greatest value change
WEEK
		VOLUME	CLOSE	CHANGE
First Quantum	FM	2432091	63.82	+ 9.60
Agrium	AGU	5339844	60.16	+ 7.79
PotashCpSask	POT	4557725	96.35	+ 5.44
Inmet Mining	IMN	1120431	47.25	+ 4.53
Teck B	TCKB	21227287	35.60	+ 3.99
Teck A	TCKA	15809	37.00	+ 3.10
Major Drilling	MDI	209705	23.60	+ 2.48
Labdr I-Ore Ro	LIF_U	163648	45.04	+ 1.97
Harry Winston	HW	800948	14.40	+ 1.46
Newmont Mng	NMC	30888	64.20	+ 1.42
Royal Gold	RGL	30746	47.06	-1.39
Agnico-Eagle	AEM	3571888	59.98	-1.09
CentralGold-T	GTU_U	17756	49.52	-1.08
New Gold	NGD	33510416	5.40	-1.06
Franco-Nevada	FNV	1354616	30.93	-0.95
Barrick Gold	ABX	13076718	45.04	-0.91
Goldcorp	G	11114131	43.09	-0.86
Silver Std Res	SSO	375255	17.28	-0.74
Forsys Metals	FSY	5381381	1.51	-0.72
Seabridge Gold	SEA	108226	30.12	-0.59