TORONTO STOCK EXCHANGE JULY 19-23

The markets were positive around the globe over the July 19-23 trading period and Toronto was no exception. The TSX composite index rose 1.4%, or 160.35 points, to 11,730. Strong economic reports in Europe added some positivity amidst some forecasts for slowing growth in North America. This was evident with mining stocks as investors pushed up base metals stocks while the gold stocks were relatively flat.

The Capped Metals & Mining index jumped 9.5%, or 83.44 points, to 959.8, while the Global Gold index was basically unchanged at 355.19 points.

Looking at the most actively traded stocks of the week, Lundin Mining was at the top, with 27.1 million shares changing hands, giving shares a 34¢ boost to close at $3.92. The company plans to release its second quarter earnings on July 28.

Andean Resources shares were the second most actively traded, after a busy week that included a huge $234.5-million bought deal financing led by BMO Capital Markets and RBC Capital Markets at $3.35 per share. Andean will largely use the funds to advance its Cerro Negro gold project in Santa Cruz province, Argentina. The company reported finding “bonanza-grade” mineralization at its Mariana Central vein at Cerro Negro. Highlights include 8.5 metres grading 46.1 grams gold per tonne, 9 metres of 127.1 grams gold and 14.5 metres of 55.3 grams gold.

Teck Resources was one of the top gainers by value, up $3.56 to $37 a share, and one of the most actively traded stocks, with 21.1 million shares changing hands. The company is still investigating the cause of an explosion at its Greenhills coal mine near Elkford, B.C., on June 28. The mine was supposed to produce 4.3 million tonnes of coal this year, or about 2% of world’s coal supply.

Khan Resources saw its shares rise 52.1% to 35¢ apiece, following a victory in a Mongolian courtroom and the postponement of another case. The court ruled that the Mongolian Nuclear Energy Agency’s decision to invalidate Khan’s mining licence on the Dornod uranium project was invalid and illegal.

Harry Winston Diamond was one of the top losers based on value, down $1.43 to close at $13 apiece. Harry announced an agreement to increase its ownership in the Diavik diamond mine, joint venture with Rio Tinto, to 40%. Kinross Gold agreed to sell its 9% indirect stake to Harry for US$220 million. Last year, when diamond prices had dropped and the Diavik mine faced uncertainty, Kinross paid US$104 million to Harry for the stake. Kinross is also selling its 19.9% stake in Harry Winston to some financial institutions, after acquiring the interest through a private place-m ent at US$3 a share, netting about US$150 million.

TSX most active issues
		VOLUME		WEEK
		(000s)	HIGH	LOW	CLOSE	CHANGE
Lundin Mng	LUN	27082	3.99	3.41	3.92	+ 0.34
Andean Res	AND	22586	3.78	3.07	3.40	+ 0.36
Teck B	TCKB	21081	37.25	32.67	37.00	+ 3.56
Western Coal	WTN	19895	4.40	3.76	4.39	+ 0.43
KinrossGold	K	15994	17.36	16.08	17.05	+0.45
B2Gold	BTO	13735	1.63	1.41	1.58	+ 0.11
Eldorado Gold	ELD	12530	16.90	16.06	16.90	+ 0.14
Yamana Gold	YRI	12388	10.02	9.68	9.88	-0.18
Barrick Gold	ABX	12262	44.50	42.84	43.86	-0.14
Osisko Mng	OSK	10565	12.26	11.64	11.83	+ 0.04

TSX greatest percentage change
		VOLUME		WEEK
		(000s)	HIGH	LOW	CLOSE	CHANGE
Khan Res	KRI	2424	0.47	0.25	0.35	+ 52.1
Yukon-Nev Gold	YNG	8215	0.34	0.25	0.33	+ 32.0
Petaquilla Mnl	PTQ	1012	0.52	0.37	0.47	+ 30.5
Mega Uranium	MGA	4872	0.47	0.38	0.46	+ 21.0
Anaconda Mng	ANX	271	0.29	0.25	0.29	+ 20.8
TriAusMin	TOR	62	0.06	0.05	0.06	+ 20.0
Augusta Res	AZC	1608	1.78	1.50	1.77	+ 19.5
Forsys Metals	FSY	1221	1.86	1.46	1.84	+ 19.4
Energy Fuels	EFR	550	0.20	0.16	0.19	+ 18.7
AvalonRareMt	AVL	1062	2.74	2.27	2.70	+ 16.8
Canarc Res	CCM	185	0.08	0.06	0.06	-25.0
First Uranium	FIU	4205	1.08	0.87	0.89	-17.5
Freegold Vent	ITF	116	0.06	0.05	0.05	-16.6
PC Gold	PKL	1798	1.29	0.92	0.95	-14.4
BRC DiamondCr	BCD	681	0.10	0.06	0.06	-14.2
Inter-Citic Mn	ICI	918	1.33	1.13	1.16	-12.1
Nautilus Minls	NUS	3067	2.14	1.71	1.83	-12.0
WGI Heavy Mnl	WG	29	0.49	0.44	0.44	-12.0
Alexis Minls	AMC	8381	0.17	0.14	0.15	-11.7
Geologix Ex	GIX	1704	0.28	0.22	0.23	-11.5

TSX greatest value change
WEEK
		VOLUME	CLOSE	CHANGE
First Quantum	FM	2764152	67.78	+ 6.28
Labdr I-Ore Ro	LIF_U	485160	48.05	+ 4.35
Teck B	TCKB	21080805	37.00	+ 3.56
Teck A	TCKA	21739	37.95	+ 2.83
Inmet Mining	IMN	1640860	48.35	+ 2.16
Major Drilling	MDI	122676	24.04	+ 1.79
HudBay Minls	HBM	4409928	13.18	+ 1.39
Ivanhoe Mines	IVN	5819626	18.35	+ 1.23
SouthGobi Res	SGQ	178387	13.66	+ 1.21
Agrium	AGU	4131206	62.96	+ 1.02
CentralGold-T	GTU_U	15319	48.20	-1.53
Harry Winston	HW	4985083	13.00	-1.43
Pan Am Silver	PAA	1142045	24.15	-1.17
Allied Nevada	ANV	1517904	17.10	-1.03
Seabridge Gold	SEA	166774	27.70	-0.90
Newmont Mng	NMC	50769	61.41	-0.68
Richmont Mines	RIC	87517	4.30	-0.37
Silver Std Res	SSO	418525	16.72	-0.36
Central Fund	CEFA	344718	15.01	-0.30
Labdr Iron Mns	LIM	360030	3.92	-0.29