TORONTO STOCK EXCHANGE -Novenber 22-26

The TSX composite index was off 39 points to 12,892 points for the Nov. 22-26 trading period despite solid data on retail spending and signs of inflation. Along with such bullish indicators came increased sentiment that the Bank of Canada may begin raising rates as early as the first quarter of 2011.

That possibility led to a bolstering of the Canadian dollar against most major currencies, with the exception of the U.S. greenback.

The relative strength in the U.S. dollar wasn’t good news for gold as it fell by US$2 to US$1,355 for the period. Lower prices for the yellow metal had the Global Gold index down just a single point to 410.71.

Higher prices for nickel and lead weren’t enough to bolster the Capped Metals & Mining index, which was off 24 points to 1,281.32. Copper, aluminum, tin and zinc prices were all lower.

Early-stage exploration results were enough to give Mawson Resources a significant boost. The company’s shares climbed 44% to $2.24 after releasing channel sample results from its Rompas gold-uranium project in northern Finland. Highlights include 30 cm grading 1,866 grams gold and 8% uranium and 26 cm grading 1,510 grams gold and 3.95% uranium.

Solid exploration results were behind Almaden Minerals’ market surge. The company gained 40% to finish at $3.90 after releasing two sets of results from the Ixtaca gold-silver zone at its Tuligtic project in Mexico’s Puebla state. First came word of 94.6 metres grading 1.33 grams gold and 79.9 grams silver, then a day later, on Nov. 24, the company announced a highlight intercept of 126.2 metres of 0.86 gram gold and 61.7 grams silver.

Ixtaca is a blind discovery with little surface manifestation. The zone lies within the Trans Mexican volcanic belt, about 120 km from the Pachuca gold-silver project, which historically produced 1.4 billion oz. silver and 7 million oz. gold.

But the most impressive results for the week came from Continental Gold, which continued its torrid pace with a 36% gain. The company, with key gold assets in Colombia, only began trading in late April, and has already climbed from the $2.30 range it began trading at to above $10. The latest buying frenzy followed the release of drill results from the company’s Buritica gold project that were highlighted by 17.9 metres grading 113.82 grams gold and 112 grams silver.

Word that Alexis Minerals had hit visible gold in the first hole at its Noralex property near Rouyn-Noranda in Quebec lifted the company’s shares up 38% to 22¢. The company also announced that it had acquired more gold prospective ground at its Snow Lake project in Manitoba. The new claims cover 38 sq. km of the Herblet Lake area. Alexis will have to spend $3 million over five years to earn a full interest in the ground.

TSX most active issues
VOLUME WEEK
(000s) HIGH LOW CLOSE CHANGE
Eastern Platin ELR 58647 1.80 1.56 1.59 -0.21
Potash One KCL 56773 4.62 4.50 4.52 + 0.90
Farallon Res FAN 26436 0.79 0.78 0.78 0.00
Western Coal WTN 25176 10.69 10.19 10.40 -0.36
Canada Lithium CLQ 24784 1.48 1.05 1.30 + 0.28
Uranium One UUU 22810 5.49 4.64 5.41 + 0.63
Andean Res AND 22611 6.54 6.35 6.39 -0.11
Cline Mng CMK 22409 3.37 2.81 2.92 -0.22
Denison Mines DML 21329 3.38 2.50 3.30 + 0.69
Equinox Minls EQN 19931 5.85 5.46 5.74 -0.15
TSX greatest percentage change
VOLUME WEEK
(000s) HIGH LOW CLOSE CHANGE
Talon Metals TLO 1413 1.31 0.75 1.27 + 62.8
Rockgate Cap RGT 4562 1.92 1.10 1.85 + 54.1
Corona Gold CRG 1156 1.30 0.85 1.22 + 43.5
Mawson Res MAW 3636 2.68 1.60 2.24 + 43.5
Almaden Mnls AMM 2197 4.30 2.78 3.90 + 40.2
Alexis Minls AMC 16385 0.22 0.17 0.22 + 37.5
Contintl Gold CNL 5316 10.55 7.59 10.35 + 36.1
Mandalay Res MND 1449 0.35 0.26 0.35 + 34.6
Crosshair E&Mg CXX 7356 0.48 0.33 0.47 + 34.2
Mega Uranium MGA 16673 1.05 0.75 1.05 + 32.9
Mineral Depost MDM 869 10.80 1.11 5.30 -49.3
Opta Minls OPM 29 1.65 1.35 1.53 -20.3
Pediment Gold PEZ 2515 2.37 1.84 1.97 -15.8
Niocan Inc NIO 25 0.35 0.33 0.33 -15.3
Liberty Mines LBE 1771 0.15 0.12 0.12 -14.2
Crescent Gold CRA 97 0.14 0.11 0.12 -14.2
Franconia Mnls FRA 578 0.64 0.56 0.56 -12.5
Eastern Platin ELR 58647 1.80 1.56 1.59 -11.6
Crowflight Mnl CML 8587 0.09 0.07 0.08 -11.1
Grandview Gld GVX 758 0.08 0.06 0.08 -11.1

CG

TSX greatest value change
WEEK
VOLUME CLOSE CHANGE
Labdr I-Ore Ro LIF_U 238833 67.50 + 3.00
Contintl Gold CNL 5315707 10.35 + 2.75
PotashCpSask POT 3641967 145.40 + 2.57
Golden Mnls AUM 189637 27.80 + 2.25
Tahoe Res THO 456437 12.00 + 1.83
Centerra Gold 3116418 18.14 + 1.64
KirklandLkGd KGI 1439235 13.69 + 1.55
OrbitGarantD OGD 461454 6.81 + 1.54
Cameco Corp CCO 5149397 37.54 + 1.52
Labdr Iron Mns LIM 1674293 9.58 + 1.51
Mineral Depost MDM 869431 5.30 -5.17
Teck A TCKA 27153 49.25 -1.86
Inmet Mining IMN 506760 61.60 -1.81
Teck B TCKB 10247558 49.24 -1.69
Pan Am Silver PAA 1189424 36.80 -0.98
IAMGold Corp IMG 6246878 16.72 -0.70
Goldcorp G 8030066 46.00 -0.65
Franco-Nevada FNV 613371 33.15 -0.60
Lundin Mng LUN 11093951 6.18 -0.57
Russell Metals RUS 312160 21.06 -0.56
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