The S&P/TSX Venture Composite Index climbed for a second week, up 18.46 points in the period to end at 1,251.88 points after four days of gains. Volume was fairly consistent and reached an average of 68 million shares traded daily.
Peru-focused Bear Creek Mining managed the biggest value gains in the period, up 47¢ to $2.87 after five straight days of gains. This added to the recovery the company saw in August after starting the month at a 52-week low of $2.11. On Aug. 16 the company noted it had US$75 million in cash, and expected to submit its environmental and social impact assessment for its Corani project in September. At the same time the company announced that its 4,300-metre drill program on the Tassa project returned modest results, most notably a 16-metre intercept grading 1.5 grams gold per tonne, 152.8 grams silver per tonne, 1.1% zinc and 5.5% lead.
Kesselrun Resources’ share price shot up a month after closing its qualifying transaction, changing its name and wrapping up a $1.1-million financing. The company’s stock, which had been halted at 11¢ in late February after announcing plans to secure a property in Ontario’s Kenora mining district, climbed from 16¢ to 30¢ during the period on 711,000 shares traded. The company also announced it was adding 112 sq. km to its property package at its Bluff Point project in northwest Ontario, brining its total property to 226 sq. km. The company, with 17 million shares outstanding, has started a preliminary exploration program on the property.
Rusoro Mining saw a spike in volume to be the most traded stock on the exchange with 30.2 million shares traded. The volume did nothing for the company’s languishing share price, which ended where it started at 3¢ and 530 million shares outstanding. Rusoro released no news in the period, with its last news out in mid-July announcing it had filed a request for arbitration with the World Bank against the Venezuelan government, which nationalized its gold projects in the country.
Atac Resources jumped 24¢ the day it released high-grade gold hits from its Rackla project in the Yukon, but settled for an 11¢ gain after slipping the rest of the period and ending at $2.64. The company released results from 23 drill holes, including 42.9 metres grading 18.44 grams gold — the best hit yet at the Conrad zone — while on the East zone it hit 27.4 metres grading 4.45 grams gold.
Santacruz Silver Mining jumped up 35¢ to $1.35 on no news. The company went public in April through a reverse takeover by Forte Resources, completing a $20-million financing at the time. Santacruz is working to commission its Rosario silver project in Mexico by the first quarter of 2013, with environmental permits already secured.
TSX-V most active issues
| Volume | Week | |||||
| (000s) | High | Low | Close | Change | ||
| Rusoro Mng | RML | 30169 | 0.03 | 0.02 | 0.03 | +0.01 |
| GoldQuest Mng | GQC | 12443 | 2.03 | 1.54 | 1.71 | -0.09 |
| Aurcana Corp | AUN | 12355 | 0.95 | 0.77 | 0.93 | -0.02 |
| Unigold | UGD | 7966 | 0.49 | 0.43 | 0.43 | -0.01 |
| Sandstorm Mt&E | SND | 6886 | 0.33 | 0.28 | 0.30 | +0.01 |
| NWM Mng | NWM | 6688 | 0.07 | 0.06 | 0.06 | -0.01 |
| Corsa Coal | CSO | 6317 | 0.18 | 0.15 | 0.16 | -0.04 |
| Solitaire Mnls | SLT | 6287 | 0.02 | 0.01 | 0.01 | -0.01 |
| Sandstorm Gld | SSL | 5434 | 10.88 | 9.68 | 9.68 | -0.05 |
| Dacha Str Mtls | DSM | 5390 | 0.53 | 0.48 | 0.50 | -0.04 |
TSX-V greatest percentage change
| Volume | Week | |||||
| (000s) | High | Low | Close | Change | ||
| Masuparia Gold | MAS | 101 | 0.15 | 0.14 | 0.15 | +130.7 |
| Auramex Res | AUX | 33 | 0.01 | 0.01 | 0.01 | +100.0 |
| Dentonia Res | DTA | 22 | 0.01 | 0.01 | 0.01 | +100.0 |
| Kesselrun Res | KES | 667 | 0.30 | 0.15 | 0.30 | +87.5 |
| Gondwana Gold | GON | 38 | 0.43 | 0.23 | 0.40 | +77.7 |
| Tasca Res | TAC | 54 | 0.06 | 0.05 | 0.06 | +71.4 |
| Canyon Copper | CNC | 182 | 0.09 | 0.08 | 0.09 | +70.0 |
| Trio Gold Corp | TGK | 324 | 0.04 | 0.03 | 0.03 | +66.6 |
| Indico Res | IDI | 156 | 0.15 | 0.12 | 0.15 | +66.6 |
| Aurtois Expl | EXA | 30 | 0.03 | 0.03 | 0.03 | +66.6 |
| Desert Eagle R | DER | 24 | 0.09 | 0.04 | 0.04 | -55.5 |
| Rome Res | RMR | 23 | 0.13 | 0.08 | 0.08 | -46.4 |
| Anglo Alumium | ALU | 23 | 0.05 | 0.05 | 0.05 | -43.7 |
| Soho Res | SOH | 829 | 0.02 | 0.02 | 0.02 | -40.0 |
| Thelon Cap | THC | 59 | 0.03 | 0.02 | 0.02 | -40.0 |
| Zinco Mng | ZIM | 26 | 0.08 | 0.06 | 0.06 | -38.8 |
| Solomon Res | SRB | 175 | 0.05 | 0.04 | 0.04 | -38.4 |
| Signature Res | SGU | 20 | 0.10 | 0.10 | 0.10 | -38.4 |
| Zena Mng | ZCC | 14 | 0.25 | 0.25 | 0.25 | -33.7 |
| Network Expl | NET | 491 | 0.04 | 0.03 | 0.03 | -33.3 |
TSX-V greatest value change
| Volume | Close | Change | ||
| Bear Creek Mn | BCM | 476411 | 2.87 | +0.47 |
| Atacama Pac Gd | ATM | 1585455 | 2.90 | +0.45 |
| Energold Drill | EGD | 1051660 | 3.91 | +0.41 |
| Northern Graph | NGC | 3336070 | 1.21 | +0.35 |
| Santacruz Silv | SCZ | 492078 | 1.45 | +0.35 |
| Avino Silver | ASM | 256662 | 1.62 | +0.34 |
| Prophecy Plat | NKL | 1868046 | 1.56 | +0.34 |
| Abitibi Royalt | RZZ | 19692 | 1.00 | +0.29 |
| Eurasian Minls | EMX | 96233 | 2.10 | +0.29 |
| Newstrike Cap | NES | 529655 | 1.94 | +0.26 |
| Maudore Minls | MAO | 34400 | 2.62 | -0.17 |
| Sierra Iron Or | NAA | 22750 | 0.60 | -0.15 |
| Coronado Res | CRD | 114480 | 0.52 | -0.14 |
| Zena Mng | ZCC | 14000 | 0.25 | -0.13 |
| Palladon Vent | PLL | 170312 | 1.59 | -0.11 |
| Brazil Res | BRI | 37680 | 0.95 | -0.10 |
| Regulus REs | REG | 55025 | 0.60 | -0.10 |
| Bowmore Expl | BOW | 16510 0 |
0.31 | -0.10 |
| GoldQuest Mng | GQC | 12443488 | 1.71 | -0.09 |
| Cayden Res | CYD | 257000 | 1.01 | -0.09 |
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