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Amidst eurozone jitters, the Toronto Stock Exchange finished in positive territory during the holiday-shortened trading week.

The S&P/TSX Composite Index moved up 296 points to end the session at 11,576.47, marking its first weekly gain for the month. The S&P/TSX Capped Diversified Metals & Mining Index followed suit, advancing 41 points to 870.95.

Similarly, the S&P/TSX Global Gold Index edged up 25 points to finish at 311.21. But this didn’t help the price of gold fully recover from its losses, and it closed down US$18.40 per oz. at US$1,573.70.

Aquila Resources was the period’s biggest percentage gainer, moving up 44% to 31¢. The junior announced plans to revise the resource estimate for its jointly held Back Forty project in Michigan’s Upper Peninsula by incorporating 78 holes drilled since the 2010 estimate. Aquila says the new estimate will update the resource inside and outside the limits of a pit envisioned in a recent scoping study. Back Forty, which is 51% owned by Hudbay Minerals, hosts 907,000 oz. gold, 11.31 million oz. silver, 963 million lb. zinc and 75.8 million lb. copper in the measured and indicated categories. Hudbay closed down 55¢ at $7.83.

Rio Verde Minerals gained 36.3% after selling 35.7 million shares at an 87% premium, to raise $15 million for exploration and development of its Brazilian potash and phosphate projects. The junior intends to finance drilling and a scoping study at its Sergipe potash project, put its Fosfatar phosphate project into production and continue exploring its other phosphate prospects.  Rio Verde is targeting first production at Fosfatar in Para State by early 2013. The junior anticipates completing its first resource estimate at Sergipe by year-end, with a scoping study expected out in early 2013. The company’s key potash project sits in the Sergipe basin in Brazil’s northeast.

On news that its board approved a shareholder rights plan, Extorre Gold Mines gained 32% to finish at $3.42. The plan requires shareholder approval within six months to stay in place. On May 30, Extorre unveiled a plan for a US$124-million first-stage mine with initial production exceeding 170,000 oz. gold equivalent per year.

The week’s top value gainer, Royal Gold, advanced $7.22 to $71.15 a share after acquiring a 3% net smelter return royalty on the Ruby Hill gold mine from International ­Minerals for $38 million. Ruby Hills, which is operated by Barrick Gold, is located in eastern Nevada on the Battle Mountain-Eureka trend.

Osisko Mining was one of the most actively traded stocks, with nearly 15 million shares traded. The junior said full operations resumed at the Canadian Malartic mill on May 19, three days after it partially restarted the mill following a May 9 fire that damaged the number-four cyclone set. Osisko gained 12% to close at $7.12.

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