Toronto Stock Exchange April 28 -May 4

Toronto stocks posted solid gains during the April 28-May 4 reporting period, with the S&P/TSX composite index up 476 points, or 5.1%, to 9,870, the highest level since early November. The Capped Materials index was up 13 points, or 5.4%, at 262. But the star performer was the mining sector, with the Capped Metals and Mining index vaulting 110 points, or 23.7%, to 573, after advancing 15.3% during the previous period.

One catalyst for the positive sentiment came from the all-important Chinese manufacturing sector, which has grown for the last two months. Moreover, National Bank economist Stfane Marion noted that the new orders component of the U. S. Institute of Supply Management manufacturing index jumped 14 points to 47.2 in April.

Prices for most base metals were up, led by copper, as inventories of the red metal declined. The advances pushed Teck class B shares to another gain, adding $4.05 to $15.70. Mid-tier base metal producer Lundin Mining was likewise higher, up 56¢ to $2.68, as was copper miner Equinox Minerals, up 54¢ to $2.48. Other copper miners also caught the updraft, including Inmet Mining and First Quantum Minerals.

Coal issues advanced on better outlook for the sector, with Western Canadian Coal jumping 77¢ to $1.55, Grande Cache Coal climbing 63¢ to $1.68, and Cline Mining moving up 14¢ to 60¢. Hillsborough Resources also advanced, but Homeland Energy Group fell 2¢ to 19¢ on no news.

Potash issues advanced on hopes that recent price declines in the commodity will be reversed later this year. Potash Corp. of Saskatchewan rose $13.72 to $113, and Agrium gained $6.27 to $55.28.

The uranium sector advanced again after gaining ground during the previous reporting period. The spot price for uranium oxide rose for the second week, moving up US$2 to US$44 per lb. Cameco added $4.54 to $29.60, while First Uranium, with two gold-uranium projects in South Africa, climbed $1.43 to $7.41. There were other uranium gainers, but Extract Resources, which owns the Rossing South uranium project in Namibia, was not one of them. It fell 24¢ to $4.26 on no news.

Two companies involved in the Democratic Republic of the Congo (DRC), Banro and Africo Resources, lost ground. Banro, which has gold projects in the DRC, lost 32¢ to $1.75, and Africo, owner of the Kalukundi copper-cobalt project, declined 15¢ to 59¢.

Mercator Minerals, which started shipping silver from its Mineral Park copper-molybdenum mine in Arizona, jumped 83¢ to $2.06. The mine is subject to a silver stream agreement with Silver Wheaton. In mid-April, Mercator announced a bought-deal private placement for $35 million.

TSX most active issues
	VOLUME	WEEK
	(000s)	HIGH	LOW	CLOSE	CHANGE
Teck B TCKB	72687	15.74	11.10	15.70	+ 4.05
WesternCCoalWTN	72173	1.70	0.79	1.55	+0.77
Mercator Mnls ML	46488	2.08	1.20	2.06	+ 0.83
Denison Mines DML	43773	2.90	1.63	2.89	+ 1.18
Breakwater Res BWR	42888	0.19	0.12	0.18	+ 0.05
Lundin Mng LUN	39228	2.79	2.00	2.68	+ 0.56
Equinox Minls EQN	33604	2.50	1.84	2.48	+ 0.54
Uranium One UUU	28059	3.72	3.24	3.71	+ 0.29
GrandeCacheCGCE	27850	1.70	1.05	1.68	+0.63
Paladin Energy PDN	24757	4.17	3.69	4.06	+ 0.21

TSX greatest percentage change
		VOLUME	WEEK
		(000s)	HIGH	LOW	CLOSE	CHANGE
Adanac Moly	AUA	5591	0.12	0.05	0.10	+100.0
Western C Coal	WTN	72173	1.70	0.79	1.55	+ 98.7
Denison Mines	DML	43773	2.90	1.63	2.89	+ 69.0
Mercator Mnls	ML	46488	2.08	1.20	2.06	+ 67.4
Virgin Metals	VGM	1872	0.05	0.03	0.05	+ 66.6
GrandeCacheC	GCE	27850	1.70	1.05	1.68	+ 60.0
Pinetree Cap	PNP	7436	2.29	1.41	2.29	+ 53.6
Powertech Uran	PWE	1141	0.66	0.44	0.63	+ 46.5
Dejour Enterp	DEJ	802	0.50	0.31	0.45	+ 45.1
North Atlc Res	NAC	266	0.12	0.09	0.10	+ 42.8
BRC DiamondCr	BCD	152	0.09	0.05	0.05	-37.5
Richview Res	RVR	142	0.03	0.02	0.02	-33.3
Africo Res	ARL	13	0.65	0.57	0.59	-20.2
Acadian Mng	ADA	1660	0.05	0.04	0.04	-20.0
Firstgold	FGD	2785	0.10	0.04	0.08	-20.0
Yorbeau Res A	YRBA	135	0.16	0.14	0.14	-17.6
Avnel Gold	AVK	84	0.15	0.09	0.10	-16.6
Fletcher Nicke	FL	34	0.05	0.05	0.05	-16.6
Banro Res	BAA	231	2.06	1.73	1.75	-15.4
Far West Mng	FWM	106	2.23	1.80	1.90	-15.1

TSX greatest value change
WEEK
		VOLUME	CLOSE	CHANGE
Potash Cp Sask	POT	5683149	113.00	+ 13.72
Inmet Mining	IMN	3093830	50.30	+ 12.40
First Quantum	FM	3568193	50.90	+ 9.76
Agrium	AGU	4816364	55.28	+ 6.27
Cameco Corp	CCO	11428437	29.60	+ 4.54
Teck B	TCKB	72686860	15.70	+ 4.05
Teck A	TCKA	47313	18.00	+ 3.50
Labdr I-Ore Ro	LIF_U	622015	29.20	+ 3.04
Russell Metals	RUS	2041639	14.92	+ 2.62
Thompson Creek	TCM	11164511	9.00	+ 1.51
IShCOMEXGTr	IGT	23682	104.06	-4.97
Agnico-Eagle	AEM	7029101	54.35	-3.47
Newmont Mng	NMC	52095	46.96	-3.33
Royal Gold	RGL	24914	44.25	-1.17
Centerra Gold	CG	2070413	6.79	-0.75
Goldcorp	G	14039466	34.33	-0.68
Horizns G Bull	HGU	22154483	10.11	-0.64
Altius Mnrls	ALS	179005	6.48	-0.62
Central Fund	CEFA	619787	13.52	-0.43
Franco-Nevada	FNV	2044119	25.95	-0.37