TORONTO STOCK EXCHANGE -JUNE 7-11

The return of investor confidence in a global economic recovery had the TSX composite index finishing the June 7-11 period higher.

That confidence was, in part, connected to reforms in Europe aimed at avoiding another Greek-like debt crisis in any of its other member states. The news lifted European shares, hitting a 4-week high on June 14.

A better global outlook, combined with higher oil and gold prices, was what the resource-heavy index needed to gain some traction.

The stronger gold price was reflected in Franco-Nevada, Red Back Mining, Newmont Mining and Agnico-Eagle Mines appearing amongst the biggest gainers for the period by dollar value.

A new financing pushed Dynacor Gold Mines shares up 22% to 33¢ for the period. Dynacor announced it had secured a $1-million loan, which it would put towards increasing gold production by 10,000 oz. at its Acari project in Peru.

Strong drill results from two projects in Nunavut had Sabina Gold & Silver climbing the market ranks for the period. The Vancouver-based company was up 20%, after announcing the latest drill results from its Back River and Hackett River projects. At Back River, the company boasted a best hole of 25.43 grams gold per tonne over 20 metres while at Hackett River it released a best intercept of 24.9 metres grading 175 grams silver per tonne, 0.22% copper, 5.41% zinc and 0.91% lead.

The period wasn’t so kind to Crystallex International, however. The company, enduring an ongoing escapade in Venezuela, announced it was relinquishing control of two-thirds of its heavily disputed Las Cristinas gold project.

Crystallex has been unable to secure the environmental permit it needed to advance the project and agreed to give one of the world’s biggest companies, China Railway, a two-thirds interest.

Some believe that China Railway may have the deep pockets and government connections necessary to develop the project. Crystallex says it was given assurances from China Railway that it would help it pay off some of its debilitating debt, although no figure was given. Crystallex shares fell 18% for the period finishing at 46¢.

Forsys Metals was one of the period’s largest losers by percentage points. The company fell 22% and had to issue a press release stating that it knew of no materially undisclosed developments that would be the cause of the decline. Forsys re-affirmed that it is in discussions with its advisors at Morgan Stanley over its options for developing its Valencia uranium project. The project was to be taken-over by George Forrest International Afrique before the deal fell through, after the Canadian government was said to be reviewing the matter.

TSX most active issues
VOLUME WEEK
(000s) HIGH LOW CLOSE CHANGE
Crystallex Int KRY 52957 0.82 0.44 0.46 -0.10
Uranium One UUU 48515 2.83 2.16 2.25 -0.32
Lundin Mng LUN 47507 3.81 3.37 3.67 -0.15
Western C Coal WTN 29814 4.93 4.23 4.90 + 0.08
Teck B TCKB 23832 35.08 31.10 34.93 + 2.16
Yamana Gold YRI 21767 11.74 10.87 10.95 -0.15
Eastern Platin ELR 18630 1.27 1.19 1.22 -0.01
Barrick Gold ABX 17956 47.06 43.60 44.56 + 0.64
Eldorado Gold ELD 17103 18.78 17.35 17.89 + 0.05
Grande Cache C GCE 14879 6.08 4.62 6.01 + 0.92
TSX greatest percentage change
VOLUME WEEK
(000s) HIGH LOW CLOSE CHANGE
Yukon-Nev Gold YNG 4992 0.28 0.20 0.28 + 33.3
Goldstone Res GRC 1302 0.52 0.39 0.52 + 30.0
DynacorGoldM DNG 624 0.34 0.26 0.33 + 22.2
Adanac Moly AUA 271 0.07 0.06 0.06 + 20.0
Sabina Silver SBB 2529 2.19 1.66 2.01 + 19.6
Grande Cache C GCE 14879 6.08 4.62 6.01 + 18.0
Nevsun Res NSU 3665 3.82 3.01 3.65 + 17.3
VG Gold VG 782 0.28 0.23 0.28 + 16.6
Potash One KCL 3130 2.46 1.98 2.40 + 15.9
AuEx Vent XAU 893 3.60 3.01 3.59 + 15.8
Franconia Mnls FRA 4119 0.38 0.25 0.26 -35.0
Diamond Fields DFI 1015 0.25 0.14 0.17 -32.0
TriAusMin TOR 797 0.07 0.06 0.06 -25.0
Forsys Metals FSY 2245 2.80 2.10 2.23 -21.7
Ursa Major Min UMJ 664 0.10 0.08 0.08 -20.0
Canarc Res CCM 646 0.10 0.09 0.09 -18.1
Crystallex Int KRY 52957 0.82 0.44 0.46 -17.8
Uranerz Energy URZ 839 1.38 1.20 1.21 -17.6
Aquila Res AQA 516 0.29 0.26 0.26 -16.1
Treasury Metal TML 254 0.32 0.26 0.29 -14.7

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TSX greatest value change
WEEK
VOLUME CLOSE CHANGE
PotashCpSask POT 4762901 103.91 + 3.35
Major Drilling MDI 566214 24.27 + 2.28
Teck B TCKB 23831935 34.93 + 2.16
First Quantum FM 4052014 55.79 + 1.33
Harry Winston HW 1590450 14.30 + 1.33
Franco-Nevada FNV 1888360 33.06 + 1.31
Red Back Mng RBI 5605454 27.44 + 1.29
Newmont Mng 20140 58.24 + 1.29
Agnico-Eagle AEM 3436543 62.26 + 1.24
Royal Gold RGL 10077 53.28 + 0.94
Inmet Mining IMN 2823148 44.63 -1.55
IShCOMEXGTr IGT 24438 124.40 -1.47
Imperial Metal III 388489 17.28 -1.07
Cameco Corp CCO 4515155 23.78 -0.64
Forsys Metals FSY 2245223 2.23 -0.62
Altius Mnrls ALS 187426 10.06 -0.54
Agrium AGU 4223301 54.17 -0.50
HoriznsGBear HGD 2989133 13.45 -0.46
Labdr I-Ore Ro LIF_U 371434 48.20 -0.46
Allied Nevada ANV 1769691 19.95 -0.38
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