TORONTO STOCK EXCHANGE APRIL 1-7

The TSX Composite Index advanced another 3% over the April 1-7 trading period, up 394.88 points to 13,745.01.

The Capped Metals and Mining Index surged 8% over the period, up 63.7 points to 854.95, though the Global Gold Index edged only 3.89 points higher to 339.7.

Gold fell US$7 to US$926.50 per oz. while copper jumped US13 to US$3.99 per lb., zinc gained US5 to US$1.08 per lb., and nickel fell US5 to US$12.95 per lb.

Uranium One stock was the most actively traded over the period with 55.9 million shares traded. The stock rose 43 to $3.81 per share, after recovering from initial losses following the release of the company’s 2007 financial results. The company lost US$17.6 million in 2007, an improvement from 2006 when losses were US$48.9 million. The company cut its production guidance by 32% last month to 3.15 million lbs. U3O8, on slow underground development of the Dominion mine in South Africa.

Yamana Gold was the second most actively traded, with a volume of 45.8 million shares and a 32-loss for the period, closing at $14.74 per share. The gold miner’s shares have fallen more than 20% in the last month, much worse than the sector overall, as investors wait for proof that the company can achieve its rapid growth forecast to produce 2.2 million oz. gold per year by 2012.

Eastern Platinum shares were the third most actively traded with 32.2 million shares changing hands, falling 21 to $3.03 each. The company kicked off underground construction for its Crocette section of the Crocodile River mine in the Bushveld Complex of South Africa. Full production of 200,000 tonnes per month, is expected in 2010.

Western Canadian Coal shares saw the greatest percentage gain over the period, up nearly 50% to $4.88 per share. The company forecast 2008 production at 3.7 million tonnes of metallurgical coal, expects cash costs to be $90-95 per tonne and has entered into price contracts at more than US$220 per tonne of hard coking coal.

Sulliden Exploration shares increased almost 41% over the period to 45 each, while Athabasca Potash shares rose 40% to $6.45 each.

Dioro Exploration shares dropped 35% to $1.03 apiece despite news that the company and its partner La Mancha Resources had boosted the measured and indicated resource at the Frog Leg gold project near Kalgoorlie, in Western Australia by 32%. Measured and indicated resources now stand at 990,000 oz. gold while inferred resources are 176,000 oz. gold.

Potash Corp. of Saskatchewan saw the biggest value change over the period, gaining $16.25 per share to $175.75, followed by Inmet Mining, which rose $14 to $89, and Fording Canadian Coal Trust, up $7.52 to $61.26 per share.

The losses weren’t as impressive as the gains. Centerra Gold was the biggest loser per share, down $1.16 to $12.30, followed by Katanga Mining, down 93 to $14.67 and First Uranium, down 78 to $6.84 per share.