TORONTO STOCK EXCHANGE -June 28-July 2

Investors fearing a so-called double-dip recession were given more reason to worry over the June 28-July 2 trading period as the TSX composite index plunged 4.4%, or 511.79 points, to 11,196.06.

The benchmark index has fallen a total of 4.7% since the beginning of the year and mining stocks have been hard hit.

The Capped Metals and Mining index fell 10.5%, or 93.05 points, to 795.88 while the Global Gold index slipped 5.9%, or 22.71 points, to close at 365.02.

Economists have been slashing growth forecasts around the world, most notably in China and the United States, and markets everywhere have been hard hit even though growth is expected, just at a slower pace.

Potash Corp. of Saskatchewan, once the market darling, was the top loser by value over the period, dropping $7.35 per share to close at $90.91, hitting a new 52-week low.

First Quantum Minerals shares also took a significant hit, falling $5.18 to $54.22, nearing its June 8 low of $48.20 and a long way off from the $100.32 per share high, reached just six months ago. The Democratic Republic of the Congo’s (DRC) government revoked First Quantum’s mining permits for its Kolwezi copper-cobalt project with the rights given to another company closely connected to DRC president Joseph Kabila. Canadian Prime Minister Stephen Harper said he would take up the issue during the G20 summit in Toronto with representatives from the World Bank and the International Monetary Fund.

Other Canadian heavyweights, Teck Resources, Barrick Gold, Agnico-Eagle Mines and Goldcorp, also saw significant drops over the period.

On a percentage basis, Katanga Mining, another company with a copper-cobalt project in the DRC, was one of the top losers, falling 28.8% to 64¢ per share.

China-focused Jinshan Gold Mines fell 20% to $3.12 per share on no news and coal miners Grande Cache Coal and Western Coal fell 19.5% and 19.2%, respectively, on concerns over world demand for coal and another recession in the midst. Grande Cache shares closed at $5.15 while Western Coal shares closed at $3.87.

Of course, not every stock dropped over the week. Seafloor copper and gold explorer Nautilus Minerals shares rose 26¢ to $1.76 on no news and Globex Mining shares climbed 20¢ to $1.64 after a steady stream of news for its properties.

Globex, announced some drill results from its Parbec gold project in Malartic, Que., an option agreement for its Bell Mountain gold project in Nevada, and an option agreement and deal for its Mooseland gold project in Nova Scotia.

Although not a miner, the Central Gold Trust made the list for the greatest value change, rising 22¢ to $50.6 per share as investors likely sought the safe haven metal.

TSX most active issues
VOLUME WEEK
(000s) HIGH LOW CLOSE CHANGE
Lundin Mng LUN 33683 3.46 2.91 3.03 -0.44
Homeland Enrgy HEG 31244 0.06 0.04 0.05 0.00
Etruscan Res EET 20067 0.46 0.43 0.43 + 0.04
Uranium One UUU 18856 2.80 2.52 2.72 + 0.13
Eastern Platin ELR 17410 1.10 0.92 0.96 -0.13
Teck B TCKB 17190 35.00 30.43 31.61 -3.41
Barrick Gold ABX 15978 48.89 45.73 45.95 -2.13
Western Coal WTN 15490 4.87 3.86 3.87 -0.92
Torex Gold TXG 13195 1.18 1.01 1.10 -0.05
Goldcorp G 13065 47.87 43.83 43.95 -3.15
TSX greatest percentage change
VOLUME WEEK
(000s) HIGH LOW CLOSE CHANGE
Polo Res POL 469 0.10 0.05 0.10 + 66.6
Mediterrn Res MNR 946 0.13 0.10 0.12 + 20.0
Nautilus Minls NUS 1005 1.83 1.41 1.76 + 17.3
Diamond Fields DFI 128 0.22 0.17 0.22 + 15.7
Globex Mng GMX 58 1.64 1.44 1.64 + 13.8
Horizns G Bear HGD 5127 13.18 11.45 13.10 + 10.7
Etruscan Res EET 20067 0.46 0.43 0.43 + 10.2
DynacorGoldM DNG 237 0.39 0.30 0.38 + 8.5
Malaga MLG 610 0.13 0.11 0.13 + 8.3
Geologix Ex GIX 1423 0.27 0.23 0.27 + 8.0
Adanac Moly AUA 2031 0.06 0.03 0.04 -42.8
Katanga Mng KAT 6017 0.90 0.58 0.64 -28.8
Nuukfjord Gold NUU 616 0.39 0.30 0.30 -21.0
Jinshan Gold M JIN 1161 3.85 3.05 3.12 -20.0
San Anton Res SNN 15 0.19 0.16 0.16 -20.0
Grande Cache C GCE 6422 6.44 5.06 5.15 -19.5
Western Coal WTN 15490 4.87 3.86 3.87 -19.2
Northland Res NAU 173 2.26 1.72 1.79 -18.6
Taseko Mines TKO 3087 5.17 4.09 4.16 -18.5
Talon Metals TLO 122 0.38 0.31 0.31 -18.4
TSX greatest value change
WEEK
VOLUME CLOSE CHANGE
HoriznsGBear HGD 5126695 13.10 + 1.27
Nautilus Minls NUS 1005176 1.76 + 0.26
CentralGold-T GTU_U 126352 50.60 +0.22
Globex Mng GMX 58150 1.64 + 0.20
Altius Mnrls ALS 168589 10.40 + 0.19
Agrium AGU 3021011 52.37 + 0.17
Uranium One UUU 18856484 2.72 +
0.13
Mountain Prov MPV 226260 2.70 + 0.13
SouthGobi Res SGQ 121522 12.60 + 0.10
Elgin Mng ELG 504839 1.39 + 0.08
PotashCpSask POT 4320395 90.91 -7.35
First Quantum FM 2969452 54.22 -6.33
Seabridge Gold SEA 105655 30.71 -5.18
Agnico-Eagle AEM 2891354 61.07 -3.88
Major Drilling MDI 136191 21.12 -3.48
Teck B TCKB 17189794 31.61 -3.41
Inmet Mining IMN 1205317 42.72 -3.38
Allied Nevada ANV 757273 19.98 -3.19
Goldcorp G 13065042 43.95 -3.15
Royal Gold RGL 14059 48.45 -3.01
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