TORONTO STOCK EXCHANGE JULY 24 -30

The TSX composite index finished the July 26-30 period up 20 points at 11,746.8 joining in the global market rally. The resource-heavy index was, no doubt, helped by oil prices that hit a three-month high, touching US$82 per barrel on fears that oil inventories were lowering.

Gold finished the period US$14 lower at US$1,169 per oz. and the Global Gold index tracked the lower figure as it was off 10 points at 346.93. The yellow metal was showing signs of strength at presstime, however, as jewellers began buying at the lower prices and China took steps to free up its domestic gold trading market.

The key base metals — copper, aluminum, nickel, tin, lead and zinc — all tracked higher over the period but those gains hadn’t yet translated into the Capped Metals & Mining index as it finished the period off 6 points to 953.

Labrador Iron Mines shares rose 35% to $5.30, after announcing it had received approval to build an open-pit mine at its Schefferville iron ore project. The green light came from the provincial government of Newfoundland and Labrador. While the company had originally planned to get a mine into production this year, delays in the permitting process stalled development. It is still waiting on two operating permits — one for the operation of a mine and one for a railway spur line.

The anticipation of second quarter results were a boon to Denison Mines’ share price as the uranium miner climbed 25% to $1.57 apiece. The company announced that it would release its results on Aug. 6. Denison recently discovered two new mineralized zones at its Wheeler River uranium project in the Athabasca basin.

New drill results from its Altar copper-gold project in Argentina weren’t enough to lift Peregrine Metals shares. Assays from the latest results came from the last holes of its 2010 drill program and were highlighted by 178 metres grading 0.57% copper and 78 metres grading 0.69% copper. Peregrine shares were off 22% to 57¢.

A big drop in profits had OceanaGold down 13% to $2.71 apiece. The company reported first-half profits of $19.9 million -down 80% from 2009. The drop was partly due to the money it spent to close its hedge-book.

A financing deal by Oromin Exploration caused its shares to fall. Oromin issued 18.7 million shares for 80¢ per share and the dilution sent its shares down 13% to 83¢.

TSX most active issues
		VOLUME		WEEK
		(000s)	HIGH	LOW	CLOSE	CHANGE
Uranium One	UUU	40499	2.92	2.66	2.79	-0.03
KinrossGold	K	28203	17.20	16.18	16.87	-0.18
Osisko Mng	OSK	21298	13.30	11.65	13.00	+ 1.17
Eastern Platin	ELR	18582	1.08	0.98	1.04	+ 0.08
Lundin Mng	LUN	18115	4.09	3.73	4.00	+ 0.08
Barrick Gold	ABX	16676	44.09	41.07	42.26	-1.60
Western Coal	WTN	15452	4.41	4.10	4.20	-0.19
Teck B	TCKB	15427	37.43	34.56	36.19	-0.81
Eldorado Gold	ELD	13979	17.05	15.92	16.70	-0.20
Goldcorp	G	13076	42.49	39.44	40.30	-1.94

TSX greatest percentage change
		VOLUME		WEEK
		(000s)	HIGH	LOW	CLOSE	CHANGE
BRC DiamondCr	BCD	272	0.10	0.08	0.10	+ 66.6
Homeland Enrgy	HEG	3084	0.06	0.05	0.06	+ 50.0
Contl Precious	CZQ	308	0.63	0.44	0.60	+ 42.8
Powertech Uran	PWE	290	0.26	0.16	0.25	+ 38.8
Labdr Iron Mns	LIM	1287	5.40	3.85	5.30	+ 35.2
Coalcorp Mng	CCJ	853	0.09	0.07	0.09	+ 28.5
Mawson Res	MAW	1424	0.62	0.50	0.60	+ 27.6
Augusta Res	AZC	1355	2.30	1.77	2.24	+ 26.5
Denison Mines	DML	12466	1.67	1.28	1.57	+ 24.6
Forsys Metals	FSY	1783	2.25	1.88	2.24	+ 21.7
TriAusMin	TOR	104	0.06	0.04	0.04	-33.3
Peregrine Mtls	PGM	211	0.70	0.56	0.57	-21.9
Crescent Gold	CRA	716	0.11	0.10	0.10	-16.6
Talon Metals	TLO	44	0.32	0.26	0.26	-16.1
Diamond Fields	DFI	155	0.18	0.14	0.16	-15.7
Mandalay Res	MND	147	0.34	0.29	0.30	-14.2
Petaquilla Mnl	PTQ	884	0.50	0.41	0.41	-12.7
Oromin Expl	OLE	582	0.92	0.81	0.83	-12.6
OceanaGold	OGC	3955	3.01	2.62	2.71	-12.5
Canarc Res	CCM	19	0.08	0.07	0.07	-12.5

TSX greatest value change
WEEK
		VOLUME	CLOSE	CHANGE
PotashCpSask	POT	5111777	107.61	+ 5.65
Inmet Mining	IMN	1157907	50.25	+ 1.90
Agrium	AGU	3878099	64.70	+ 1.74
Labdr Iron Mns	LIM	1286977	5.30	+ 1.38
Ventana Gold	VEN	3567236	8.21	+ 1.29
Osisko Mng	OSK	21297894	13.00	+ 1.17
Cameco Corp	CCO	6627158	26.18	+ 0.66
Alamos Gold	AGI	1856184	15.47	+ 0.63
Allied Nevada	ANV	1417468	17.72	+ 0.62
HoriznsGBear	HGD	2 611274	14.41	+ 0.57
Newmont Mng	NMC	29727	57.51	-3.90
First Quantum	FM	2703268	64.42	-3.36
Agnico-Eagle	AEM	3642218	57.43	-1.95
Goldcorp	G	13076079	40.30	-1.94
Barrick Gold	ABX	16676438	42.26	-1.60
Seabridge Gold	SEA	199111	26.49	-1.21
Teck A	TCKA	23388	36.75	-1.20
IAMGold Corp	IMG	8929603	16.21	-0.94
Teck B	TCKB	15427072	36.19	-0.81
Centerra Gold	CG	2905967	12.97	-0.64