TORONTO STOCK EXCHANGE -Sept. 27-Oct. 1

The TSX composite index rose marginally for the Sept. 27 -Oct 1 period to 12,363.08 from 12, 246.37.

Investor enthusiasm could well have been tempered by the Bank of Canada governor Mark Carney’s speech, in which he warned that there was unusual uncertainty surrounding the economic outlook of the country and that caution was warranted.

The low interest rate environment, however, combined with a weak U.S. dollar continued to be bullish for commodity prices and the Capped Metals & Mining index reflected that strength as it continued its recent strong run by adding 30 points to finish at 1,156.34. The price of copper, nickel, tin and lead were all higher while aluminum and zinc prices were flat.

And while the yellow metal showed continued strength the Global Gold index was down slightly for the period as it finished off 6 points to 394.26. The price of gold, however, rose to US$1,316.25 from US$1,289.

Word that Alexis Minerals had secured $60 million in financing, pushed the company’s shares up 47% to 25¢. Alexis says money from the debt facility will go towards re-establishing its recently acquired Snow Lake mine in Manitoba as a significant gold producer. The company says it will spend $45 million of the new funds, developing and refurbishing the mill at the former Goldcorp mine which is expected to produce 423,000 oz. gold over six years, although the company is currently engaged in a drill program that will seek to add to the life-of-mine reserves.

Baja Mining also rose on financing news. The company climbed 27% to $1.19 after announcing a US$858-million financing that will allow it to advance its Boleo project in Mexico’s state of Baja California Sur. Baja holds a 70% interest while a group of Korean industrial companies hold the rest. The copper-cobalt-zinc-manganese project is targeted for copper commissioning in 2012.

Tungsten producer Malaga enjoyed a strong period as it rose 36% to finish at 19¢. Malaga received the last milling equipment it needed to process tungsten at a higher rate of 500 tonnes per day. It had been producing tungsten with older equipment that came with the plant when it was acquired in 2005. The news dovetails well with rising tungsten prices which now stand at US$250 per tonne compared to the US$160-per-tonne level it was selling for at the end of 2009.

A ramp up in production was good news for Liberty Mines. The company announced that production from its Redstone nickel concentrator was up 69% to 95,587 tonnes in the third quarter. While the company currently produces nickel at the concentrator near Timmins, Ont., it is also exploring copper, cobalt and platinum group metals at its properties in Ontario. Liberty’s shares were up 31% to 21¢.

TSX most active issues
		VOLUME		WEEK
		(000s)	HIGH	LOW	CLOSE	CHANGE
Baja Mng	BAJ	45412	1.26	0.92	1.19	+ 0.25
Alexis Minls	AMC	37255	0.28	0.16	0.25	+ 0.08
Kinross Gold	K	31973	19.65	18.94	19.26	-0.17
Yamana Gold	YRI	28671	12.00	11.15	11.66	+ 0.28
Western Coal	WTN	27081	6.19	5.39	6.18	+ 0.75
Crowflight Mnl	CML	25722	0.09	0.05	0.05	-0.04
Capital Gold	CGC	22144	5.05	3.90	4.91	+ 1.02
Lundin Mng	LUN	21475	5.35	4.81	5.22	+ 0.48
Eastern Platin	ELR	19721	1.47	1.32	1.39	+ 0.01
Eldorado Gold	ELD	18529	19.82	18.30	18.81	+ 0.11

TSX greatest percentage change
		VOLUME		WEEK
		(000s)	HIGH	LOW	CLOSE	CHANGE
Alexis Minls	AMC	37255	0.28	0.16	0.25	+ 47.0
Golden Mnls	AUM	400	21.13	14.60	20.20	+ 39.2
Hard Creek Ni	HNC	452	0.35	0.23	0.32	+ 39.1
Malaga	MLG	1330	0.19	0.14	0.19	+ 35.7
Liberty Mines	LBE	858	0.22	0.16	0.21	+ 31.2
Canarc Res	CCM	1222	0.09	0.08	0.09	+ 28.5
Tiger Res	TGS	40	0.27	0.27	0.27	+ 28.5
Zazu Metals	ZAZ	325	0.24	0.17	0.23	+ 27.7
DynacorGoldM	DNG	756	0.61	0.43	0.56	+ 27.2
Baja Mng	BAJ	45412	1.26	0.92	1.19	+ 26.6
Crowflight Mnl	CML	25722	0.09	0.05	0.05	-44.4
Opta Minls	OPM	27	1.60	1.45	1.50	-20.2
Mediterrn Res	MNR	1815	0.13	0.09	0.09	-18.1
Geologix Ex	GIX	2073	0.41	0.32	0.34	-15.0
Northland Res	NAU	60	2.92	2.41	2.53	-14.8
Mandalay Res	MND	105	0.37	0.28	0.29	-14.7
Niocan Inc	NIO	22	0.41	0.40	0.41	-14.5
Grandview Gld	GVX	304	0.09	0.07	0.08	-11.1
Avnel Gold	AVK	259	0.30	0.24	0.24	-11.1
Northgate Mnls	NGX	7347	3.54	3.04	3.11	-10.1

TSX greatest value change
WEEK
		VOLUME	CLOSE	CHANGE
First Quantum	FM	3542345	79.92	+ 5.85
Golden Mnls	AUM	400148	20.20	+ 5.69
Teck B	TCKB	16872590	43.35	+ 3.00
Teck A	TCKA	15187	43.60	+ 2.85
Major Drilling	MDI	284298	31.26	+ 2.67
Labdr I-Ore Ro	LIF_U	234527	54.66	+ 2.61
Agnico-Eagle	AEM	3908830	72.53	+ 1.56
Capital Gold	CGC	22143564	4.91	+ 1.02
Imperial Metal	III	518303	22.35	+ 0.95
Osisko Mng	OSK	13291743	14.61	+ 0.88
PotashCpSask	POT	4061381	145.00	-4.39
Agrium	AGU	5761378	76.50	-2.67
Inmet Mining	IMN	1243538	57.57	-1.53
Seabridge Gold	SEA	139238	29.36	-0.91
Europn Goldfld	EGU	3660695	10.88	-0.89
Minefinders	MFL	2155780	9.94	-0.89
Detour Gold	DGC	2467942	29.25	-0.69
HudBay Minls	HBM	6369167	14.54	-0.67
Keegan Res	KGN	668619	7.79	-0.61
Centerra Gold	CG	1835066	16.53	-0.54