U.S. MARKETS -August 2-6

Markets rose during the Aug. 2-6 trading period, with some of the major mining companies making some significant gains and gold rising back over the US$1,200-per-oz. level.

But first, looking at the indexes, the Dow Jones industrial average was up 1.8%, or 187.62 points, to close at 10,653.56.

The S&P 500 index climbed 1.8%, or 20.04 points, to close at 1,121.64 while the Nasdaq increased 1.5%, or 33.77 points, to 2,254.70.

Gold prices rose 3.3% or US$38.75 to US$1,207.75 per oz., which helped push the Philadelphia Gold and Silver index up 3.4%, or 5.77 points, to 175.49 while the Amex Gold Bugs index jumped 3.9%, or 17.3 points, to finish at 459.94.

Major gold miners on the rise included Agnico-Eagle Mines, up US$3.94 to US$59.69 per share, Barrick Gold, up US$2.29 to US$43.39 apiece and Newmont Mining, up US$1.14 to US$57.04.

However, Randgold Resources was the top loser by value, falling US$3.66 to US$86.62 per share, after the West Africa-focused miner announced that costs had risen 39% to US$665 per oz. gold while power cuts reduced output over the last quarter. The company still said that it would be within 5% of its 2010 production goal of 477,000 oz. gold.

Peruvian miner Minas Buenaventura’s shares fell US$2.17 to US$36.44 apiece. The Peruvian government gave Buenaventura and Newmont the final nod for starting operations at their La Zanja gold mine, which will produce 100,000 oz. gold per year. Buenaventura owns 53% of the mine while Newmont holds the remainder.

Kinross Gold was down slightly after announcing plans to buy Red Back Mining in a friendly US$7.1-billion deal. Kinross shares fell US63¢ to US$15.76.

Potash Corp. of Saskatchewan shares saw a dramatic rise over the period, gaining US$8.67 to US$113.54 after profit more than doubled in the second quarter due to higher potash prices. Potash Corp. reported net earnings of US$472 million, up from US$186.2 million in the second quarter of 2010.

Mountain Province Diamonds was one of the most significant gainers on a percentage basis with shares rising 23% to US$3.63 apiece after valuation results were released from its Gahcho Kue diamond project in Canada’s Northwest Territories. WWW International Diamond Consultants valued 8,243.56 carats at US$134.06 per carat for a total of US$1.1 million.

The company plans to complete a feasibility study by the end of August.

U.S. most active issues
	VOLUME	WEEK
	(000s) HIGH	LOW	CLOSE	CHANGE
Alcoa* AA	109121 11.78	11.33	11.59	+ 0.45
Freeport McMo* FCX	53540 76.25	73.05	74.61	+ 3.07
Kinross Gold* KGC	52725 16.72	15.27	15.76	-0.63
Potash C Sask* POT	38621 116.49	105.75	113.54	+ 8.67
Mosaic* MOS	34856 52.78	46.28	51.19	+ 3.59
Barrick Gold* ABX	34325 43.97	40.66	43.39	+ 2.29
Newmont Mng* NEM	30498 58.00	54.98	57.04	+ 1.14
Hecla Mining* HL	30056 5.22	4.91	5.12	+ 0.18
Peabody Enrgy* BTU	27143 48.98	45.46	48.64	+ 3.56
Cliffs Nat Rs* CLF	26700 62.48	58.25	60.03	+ 3.46

U.S. greatest percentage change
		VOLUME		WEEK
		(000s)	HIGH	LOW	CLOSE	CHANGE
Affinity Gold*	AFYG	152	0.08	0.05	0.07	+ 40.0
Tombstone Exp*	TMBXF	593	0.07	0.05	0.07	+ 40.0
Linux Gold*	LNXGF	262	0.04	0.03	0.04	+ 33.3
Cream Mnrls*	CRMXF	63	0.08	0.06	0.08	+ 33.3
Fischer-W Gld*	FWGO	62	0.05	0.04	0.05	+ 25.0
Habanero Res*	HBNRF	50	0.10	0.10	0.10	+ 25.0
Mountain Prov*	MDM	297	3.69	2.99	3.63	+ 23.0
Elray Res*	ELRA	7179	0.13	0.09	0.12	+ 20.0
Caledonia Mng*	CALVF	157	0.06	0.05	0.06	+ 20.0
Starfield Res*	SRFDF	22	0.06	0.06	0.06	+ 20.0
DouglasLkMl*	DLKM	166	0.15	0.10	0.10	-37.5
Tara Gold*	TRGD	56	0.41	0.35	0.35	-12.5
Canarc Res*	CRCUF	25	0.08	0.08	0.08	-11.1
Madison Minls*	MMRSF	14	0.09	0.07	0.08	-11.1
Patriot Gold*	PGOL	23	0.20	0.16	0.17	-10.5
Alberta Star *	ASXSF	56	0.41	0.38	0.38	-9.5
America West*	AWSR	44	0.11	0.10	0.10	-9.0
New Jersey Mg*	NJMC	41	0.23	0.20	0.22	-8.3
Anooraq Res*	ANO	848	1.24	1.05	1.05	-7.8
Dejour Enterp*	DEJ	203	0.42	0.34	0.37	-7.5

U.S. greatest value change
WEEK
		VOLUME	CLOSE	CHANGE
Potash C Sask*	POT	38621068	113.54	+ 8.67
Alpha Nat Res*	ANR	16848630	43.82	+ 5.49
Compass Mnls*	CMP	385800	75.12	+ 4.43
Agnico-Eagle*	AEM	9379931	59.69	+ 3.94
Mosaic*	MOS	34855714	51.19	+ 3.59
Massey Energy*	MEE	22782928	34.15	+ 3.57
Peabody Enrgy*	BTU	27143294	48.64	+ 3.56
Cliffs Nat Rs*	CLF	26700274	60.03	+ 3.46
Agrium*	AGU	5210500	66.29	+ 3.29
BHP Billi-BBL*	BBL	7537251	64.82	+ 3.28
Randgold Res*	GOLD	4745289	86.22	-3.66
Buenaventura*	BVN	5315695	36.44	-2.17
Kinross Gold*	KGC	52724826	15.76	-0.63
Teck B*	TCK	19713674	34.63	-0.62
AlumCpChina*	ACH	854600	21.60	-0.56
North Am En P*	NOA	155800	9.29	-0.37
Mesabi Trust*	MSB	555735	23.97	-0.35
Harry Winston*	HWD	157400	12.07	-0.25
Uranium Ener*	UEC	302600	2.61	-0.16
Intl Tower Hi*	THM	130800	6.05	-0.15