TORONTO STOCK EXCHANGE -December 6-10

The TSX composite index was up 60.52 points to finish the Dec. 6-10 period at 13,239.47, marking the second consecutive weekly gain as both Canada and the U.S. posted better-than-expected trade data.

Statistics Canada reported that Canada’s trade surplus with the U.S. was at an 18-year low in October, while its trade deficit with the rest of the world fell to $1.7 billion from $2.3 billion in September. The week also saw China stepping up its efforts to curb inflation. China ordered the country’s banks to increase their cash reserves, signaling the third reserve increase in five weeks.

Gold was off more than US$21 to close at US$1,384.90 per oz. The Global Gold index followed suite, slipping 1.6% to 425.9 points. Copper hit a near-record high as the spot price rose US12¢ to US$4.10 per lb. The Capped Metals & Mining index added 78 points, finishing at 1,466.21.

Copper producer First Quantum Minerals jumped $19.65 to $118.94. Inmet Mining rose $8.81 to $78.26 on copper speculation. Inmet recently agreed to buy the remaining 30% of the Cobre Las Cruces copper mine in Spain that it doesn’t already own from Leucadia National for US$552 million in cash and shares.

Although the spot price for uranium oxide was down US$1 at US$60 per lb., it is 48% above its 2010 low of US$40.50 per lb. Given the recent movement in uranium price, Uranium One was one the most active traders, moving up 35¢ to $4.85. Uranium producer Denison Mines climbed 4¢ to $3.38.

Equinox Minerals jumped 41¢ to $6.01. The company is making a A$1.25-billion friendly takeover bid for Australia-listed Citadel Resource Group by offering shareholders one Equinox share for every 14.3 shares held, along with A10.5¢ cash for each Citadel share. Citadel holds a portfolio of Saudi Arabia exploration and development projects, including the flagship Jabal Sayid copper-gold project that has a measured and indicated resource of 28.7 million tonnes of 2.4% copper. Equinox owns and operates the Lumwana open-pit copper mine in Zambia.

Paramount Gold and Silver rocketed up 43.8% to $2.59 on news that it had hit significant gold and silver mineralization in 5 of 6 holes while drilling the 100%-owned San Miguel project in Mexico’s Chihuahua state. The company believes that it has discovered the southern strike extension of a structural corridor that hosts the Palmarejo gold-silver mine of Coeur d’Alene Mines. So far, Paramount has traced the Don Ese vein by core drilling over a strike length of 550 metres.

After announcing its third quarter results, Harry Winston Diamond fell $1.52 to $12.62. The company reported net earnings of US$3.9 million, or 5¢ per share, on consolidated sales totaling US$140.9 million for the three months ended Oct. 31, 2010, compared to a US$200,000 loss on sales of US$74.8 million for the same period a year ago.

TSX most active issues
		VOLUME		WEEK
		(000s)	HIGH	LOW	CLOSE	CHANGE
Uranium One	UUU	50069	5.75	4.65	4.85	+ 0.35
Western Coal	WTN	37589	12.05	11.57	12.00	+ 0.40
Eastern Platin	ELR	27586	1.77	1.63	1.71	-0.05
Andean Res	AND	24995	6.75	6.39	6.56	0.00
Equinox Minls	EQN	24873	6.12	5.65	6.01	+ 0.41
Denison Mines	DML	24735	3.65	3.27	3.38	+ 0.04
Goldcorp	G	24248	48.50	45.75	46.50	-0.72
Kinross Gold	K	23684	19.67	18.29	18.60	-0.19
Lake Shore Gld	LSG	23494	4.26	3.92	4.07	+ 0.03
Yamana Gold	YRI	18955	13.20	12.23	12.47	-0.10

TSX greatest percentage change
		VOLUME		WEEK
		(000s)	HIGH	LOW	CLOSE	CHANGE
Paramount Gold	PZG	2981	2.63	1.71	2.59	+ 43.8
Erdene Res Dev	ERD	7667	1.47	0.81	1.17	+ 37.6
Mandalay Res	MND	18283	0.45	0.34	0.45	+ 36.3
Fortune Mnrls	FT	4173	1.69	1.20	1.65	+ 34.1
NorthernDynM	NDM	2973	13.65	9.80	13.55	+ 34.1
Ratel Gold	RTL	3523	2.06	1.33	1.92	+ 32.4
Spur Ventures	SVU	370	0.48	0.37	0.48	+ 26.3
Xinergy	XRG	1682	3.16	2.22	2.75	+ 25.0
Coro Mining	COP	1561	0.95	0.74	0.94	+ 20.5
Liberty Mines	LBE	3312	0.14	0.09	0.12	+ 20.0
Caledonia Mng	CAL	3940	0.17	0.11	0.12	-25.0
BRC DiamondCr	BCD	134	0.10	0.10	0.10	-23.0
Avnel Gold	AVK	371	0.38	0.28	0.30	-21.0
Hard Creek Ni	HNC	1041	0.48	0.33	0.40	-16.6
Arehada Mining	AHD	22	0.12	0.11	0.11	-15.3
Contl Precious	CZQ	404	0.92	0.76	0.79	-13.1
Kimber Res	KBR	1369	1.63	1.31	1.35	-12.3
Geologix Ex	GIX	6459	1.00	0.76	0.81	-11.9
Energy Fuels	EFR	1267	0.72	0.62	0.62	-11.4
Olympus Pacif	OYM	3463	0.65	0.53	0.57	-10.9

TSX greatest value change
WEEK
		VOLUME	CLOSE	CHANGE
First Quantum	FM	3740881	118.94	+ 19.65
Inmet Mining	IMN	2365406	78.26	+ 8.81
Major Drilling	MDI	547226	41.95	+ 6.35
NorthernDynM	NDM	2972666	13.55	+ 3.45
Teck B	TCKB	12846987	57.90	+ 3.04
Teck A	TCKA	15660	58.00	+ 2.86
Altius Mnrls	ALS	282588	12.58	+ 1.58
Royal Gold	RGL	15892	54.58	+ 1.58
Minefinders	MFL	1286340	11.45	+ 1.09
Cameco Corp	CCO	5843290	38.65	+ 1.05
PotashCpSask	POT	2860088	140.81	-3.67
Ivanhoe Mines	IVN	9427976	24.24	-2.80
Agrium	AGU	3757331	82.49	-2.17
Allied Nevada	ANV	951322	26.74	-1.75
Agnico-Eagle	AEM	2749712	83.66	-1.58
Labdr I-Ore Ro	LIF_U	284783	67.10	-1.54
Harry Winston	HW	1372769	12.62	-1.52
Alamos Gold	AGI	3542104	18.54	-1.45
Semafo	SMF	7000232	12.32	-1.40
Detour Gold	DGC	2107529	30.97	-1.19