Toronto Stock Exchange – June 2-8

The S&P/TSX composite index was 55 points lower, or 0.5%, during the June 2-8 reporting period, ending at 10,549. Both Canada and the U. S. continued to lose jobs in May, but the pace of job losses stateside was slower than expected.

The Capped Metals and Mining index gained 14 points, or 2.4%, to 616, while the Capped Materials index lost 3 points, or 1.1%, to 291.

A brighter economic picture in China helped the coal price continue its rally from the previous week. Higher coal prices pushed Teck’s class B shares 85¢ higher to $19.56, but Grande Cache Coal, Western Canadian Coal and Cline Mining all lost ground.

The gold sector was mostly down on lower gold prices. Miners Newmont Mining, Kinross Gold, Yamana Gold, Goldcorp and Agnico-Eagle Mines fell, as did royalty company Royal Gold, which lost $2.41 to $49.22. But Keegan Resources, which resumed drilling on its Esaase gold project in Ghana, climbed 74¢ to $4.05. In May, the company raised $19 million.

Lower silver prices dragged the sector down, with shares in Silver Standard Resources, First Majestic Silver and Pan American Silver declining.

South Africa-focused platinum miner Eastern Platinum added 2¢ to 63¢ on higher platinum prices.

Copper miner Inmet Mining added $2.14 to $48.54. After the reporting period, Inmet increased its planned private placement by $48 million to $348 million.

A hostile all-share takeover bid by Chinafocused Silvercorp Metals for Klondex Mines, which is exploring the Fire Creek gold project in Nevada, helped Klondex gain 82¢ to $1.95, while Silvercorp added 7¢ to $3.82.

Molybdenum miner Thompson Creek Metals retreated 36¢ to $10.82. After the reporting period, the company announced plans to increase production on better market conditions. Thompson Creek now projects moly production of 22-26 million lbs. this year.

Labrador Iron Mines Holdings gained 19¢ to $1.69 after announcing the appointment of a vice-president of operations. The company expects to start shipping iron ore in mid-2010.

Mid-tier uranium miner Uranium One, which owns mines in Kazakhstan and South Africa, climbed 54¢ to $2.36 on no news. In May, the company’s shares took a beating after the arrest of Moukhtar Dzhakishev, president of Kazakh state-owned uranium miner Kazatomprom, and an investigation into uranium mining deals.

Ventana Gold surged $2.12 to $4.44 after releasing assays from two holes with wide gold intercepts on its La Bodega gold project in Colombia. Ventana is doubling the number of drill rigs on the property to six.

TSX most active issues
		VOLUME	WEEK
		(000s)	HIGH	LOW	CLOSE	CHANGE
Uranium One	UUU	81518	2.38	1.54	2.36	+ 0.54
Teck B	TCKB	40391	19.78	16.97	19.56	+ 0.85
Eastern Platin	ELR	24690	0.69	0.60	0.63	+ 0.02
Lundin Mng	LUN	21865	3.00	2.71	2.91	-0.02
Yamana Gold	YRI	21241	12.58	11.41	12.00	-0.80
HoriznsGBull	HGU	15458	13.44	11.78	12.57	-1.13
Mercator Mnls	ML	15284	1.80	1.59	1.65	-0.18
HoriznsGBear	HGD	14532	6.76	5.95	6.31	+0.39
KinrossGold	K	13399	22.16	20.04	20.84	-1.82
Breakwater Res	BWR	13053	0.34	0.31	0.32	-0.02

TSX greatest percentage change
		VOLUME	WEEK
		(000s)	HIGH	LOW	CLOSE	CHANGE
Ventana Gold	VEN	8665	4.95	2.20	4.44	+ 91.3
Klondex Mns	KDX	2538	1.95	1.13	1.95	+ 72.5
Rockwell Diam	RDI	8411	0.12	0.06	0.10	+ 66.6
Diamond Fields	DFI	365	0.08	0.04	0.05	+ 66.6
Western Copper	WRN	870	0.98	0.64	0.90	+ 42.8
Avnel Gold	AVK	96	0.17	0.17	0.17	+ 41.6
Grandview Gld	GVX	1036	0.08	0.05	0.07	+ 40.0
Witwatersrand	WGR	40	12.50	10.50	12.50	+ 39.6
Yukon Gold	YK	63	0.04	0.03	0.04	+ 33.3
Ontex Res	ONT	644	0.33	0.25	0.30	+ 30.4
Arehada Mining	AHD	33	0.10	0.07	0.07	-30.0
Firstgold	FGD	996	0.10	0.04	0.07	-30.0
Virgin Metals	VGM	833	0.09	0.06	0.06	-25.0
Excellon Res	EXN	1167	0.38	0.27	0.29	-23.6
Gryphon Gold	GGN	68	0.22	0.19	0.19	-20.8
Ursa Major Min	UMJ	3571	0.16	0.09	0.12	-20.0
First Majestic	FR	2273	2.89	2.26	2.33	-19.3
San Anton Res	SNN	33	0.28	0.21	0.22	-18.5
Silver Eagle	SEG	276	0.10	0.09	0.09	-18.1
BRC DiamondCr	BCD	65	0.09	0.07	0.09	-18.1

TSX greatest value change
WEEK
		VOLUME	CLOSE	CHANGE
Witwatersrand	WGR	40005	12.50	+ 3.55
Inmet Mining	IMN	1477841	48.54	+ 2.14
Ventana Gold	VEN	8664897	4.44	+ 2.12
Labdr I-Ore Ro	LIF_U	1046853	30.60	+ 1.40
North Am En Pa	NOA	71676	9.12	+ 1.00
Teck B	TCKB	40391231	19.56	+ 0.85
Allied Nevada	ANV	1977737	9.00	+ 0.85
Major Drilling	MDI	860793	20.33	+ 0.83
Klondex Mns	KDX	2537767	1.95	+ 0.82
Keegan Res	KGN	1220342	4.05	+ 0.74
Royal Gold	RGL	27945	49.22	-2.41
Newmont Mng	NMC	29243	49.90	-2.20
Silver Std Res	SSO	666575	24.65	-2.10
Kinross Gold	K	13398684	20.84	-1.82
Pan Am Silver	PAA	664387	23.91	-1.69
Goldcorp	G	12199126	40.56	-1.64
Agnico-Eagle	AEM	2906388	64.95	-1.53
Agrium	AGU	4539685	51.50	-1.43
Potash Cp Sask	POT	3844989	124.83	-1.16
Horizns G Bull	HGU	15458162	12.57	-1.13