TORONTO STOCK EXCHANGE JUNE 10-16

The TSX was down slightly during the June 10-16 trading session, declining 16 points, or 0.1%, to 14,944. The oil price again took centre stage. Finance ministers from the G-8 countries gathered in Japan, with one of the items on the agenda being the impact of record oil prices on a slowing global economy. Meanwhile, Saudi Arabia was reportedly preparing to boost production in order to lower oil prices, and Bloomberg news service reported that the Saudi oil minister has called a meeting of oil producer and consumer countries to discuss the high prices, which he calls “unjustified.”

Among volume leaders, mid-tier uranium miner Uranium One lost 20 to $4.40. In May, the company reported its first-quarter results, with revenues of US$22.5 million and a net loss of US$115 million. The company’s principal operations are in South Africa and Kazakhstan, with uranium assets in the U. S. and exploration projects in Canada.

Eastern Platinum also traded heavily, dropping 9 to $2.46. The company recently reported first-quarter results showing net earnings of almost $20 million on revenues of $56 million. The company mines platinum group metals in South Africa.

Harry Winston Diamond advanced $2.08 to$29.83.On June 4, the diamond miner and “jeweller to the stars” also reported financial results for the quarter, with net earnings of $21 million on revenues of $156 million. Evidently, fears of a U. S. slowdown negatively affecting Harry Winston’s results were unfounded, as both figures were an improvement over the same period last year. Besides its jewelry retail interests, the company owns 40% of the Diavik diamond mine, in the Northwest Territories.

Ivernia, owner of the Magellan lead mine in Western Australia, fell 25% to 83. Mine operations were suspended in April 2007 due to concerns of lead leaking from its transport containers. Resumption of mining is pending final regulatory approval for sealed shipments of lead concentrate through the port of Freemantle.

Imperial Metals added 15 to $8.60 over the week. The Federal Court of Appeal has confirmed the federal environmental assessment of Imperial’s Red Chris copper-gold project, which was deemed “unlikely to cause significant adverse environmental effects.”

Equinox Minerals dropped 26 to $4.32 during the session. The company issued an updated resource for its Lumwana copper and uranium project, in Zambia.

Silvercorp Metals continued to fall, losing $1.07 to close at $6.50. It was trading above $10 in March. The company recently released first-quarter net earnings of US$60 million on revenues of US$108 million. Silvercorp recently acquired privately held Yangtze Mining.

Shore Gold dropped 11 to $3.09 as it issued a resource estimate for its Star kimberlite project in Saskatchewan.

TSX most active issues
		VOLUME	WEEK
		(000s)	HIGH	LOW	CLOSE	CHANGE
Eastern Platin	ELR	25458	2.62	2.34	2.46	-0.09
Yamana Gold	YRI	22293	15.09	13.80	14.34	-1.00
Kinross Gold	K	20956	20.34	18.50	18.92	-1.70
Constel Copper	CCU	20552	0.08	0.02	0.04	+ 0.02
Breakwater Res	BWR	15164	0.54	0.47	0.49	-0.02
Cline Mng	CMK	13635	2.50	1.82	2.30	+ 0.19
Uranium One	UUU	13575	4.60	4.26	4.40	-0.20
Equinox Minls	EQN	13161	4.60	4.14	4.32	-0.26
Hillsborough	HLB	13084	2.08	1.44	1.92	+ 0.37
Barrick Gold	ABX	13069	42.30	38.77	40.35	-2.57

TSX greatest percentage change
		VOLUME	WEEK
		(000s)	HIGH	LOW	CLOSE	CHANGE
Constel Copper	CCU	20552	0.08	0.02	0.04	+100.0
WGI Heavy Mnl	WG	300	1.40	0.75	1.30	+ 73.3
Malaga	MLG	1568	0.49	0.25	0.44	+ 46.6
Moydow Mns Int	MOY	291	0.21	0.17	0.19	+ 35.7
Thundermin Res	THR	3007	0.49	0.31	0.47	+ 34.2
Energem Res	ENM	2197	0.25	0.17	0.24	+ 33.3
Aquila Res	AQA	469	0.78	0.57	0.74	+ 29.8
Dynasty Met&Mn	DMM	809	3.77	2.78	3.70	+ 28.4
Colossus Minls	CSI	2517	3.55	2.45	3.38	+ 27.5
Niocan Inc	NIO	95	0.70	0.47	0.70	+ 27.2
Cardero Res	CDU	248	3.20	2.08	2.10	-35.5
OceanaGold	OGC	1699	1.50	1.02	1.04	-30.2
Strategic Res	SRZ	360	1.72	1.29	1.29	-25.8
Genco Res	GGC	447	2.14	1.55	1.56	-25.7
Ivernia	IVW	888	1.14	0.83	0.83	-24.5
Sterling Mng	SMQ	44	1.70	1.16	1.30	-20.7
Peregrine Diam	PGD	156	0.23	0.19	0.20	-20.0
Nevoro	NVR	74	0.43	0.33	0.41	-19.6
Moto Gold Mine	MGL	115	4.35	3.63	3.65	-17.7
Yukon Gold	YK	113	0.17	0.14	0.14	-17.6

TSX greatest value change
WEEK
		VOLUME	CLOSE	CHANGE
Agrium	AGU	9456043	108.30	+ 11.71
Potash Cp Sask	POT	9326033	235.67	+ 8.93
Fording C C T	FDG_U	3818646	87.26	+ 4.18
FNX Mining	FNX	4998509	26.75	+ 2.90
Harry Winston	HW	900358	29.83	+ 2.08
Franco-Nevada	FNV	1429088	22.70	+ 1.50
Inmet Mining	IMN	2356700	71.38	+ 1.43
Russell Metals	RUS	2229933	30.28	+ 1.42
Teck Comin B	TCKB	9597967	49.47	+ 1.28
Horizns G Bear	HGD	1727246	10.73	+ 1.13
Agnico-Eagle	AEM	4221776	65.00	-7.12
First Quantum	FM	3269181	72.45	-5.80
Horizns G Bull	HGU	2855995	22.33	-3.03
Barrick Gold	ABX	13068960	40.35	-2.57
Goldcorp	G	12932315	40.30	-2.21
Labdr I-Ore Ro	LIF_U	375627	54.60	-2.17
Cameco Corp	CCO	8721587	39.15	-2.12
Major Drilling	MDI	437473	53.37	-2.02
Boliden AB	BLS	11601	9.72	-1.83
Kinross Gold	K	20956156	18.92	-1.70