Toronto Stock Exchange – March 31-ApriL 6

Prime Minister Stephen Harper boasted about the strength of Canada’s resource-heavy economy and sound banking system during the G20 summit in London, UK, that took place during the March 31-April 6 trading period. In that time, the TSX Composite Index surged 4.9%, or about 420 points, to 9,016, as the governments of the world’s strongest economies pledged US$1 trillion in stimulus spending to cushion the blow of the current economic downturn.

The Capped Metals and Mining Index jumped 14%, or nearly 49 points, to about 394 points as new data from Thompson Reuters showed that Canadian companies in all sectors raised almost as much money as companies based in the United States during the first three months of 2009. Canadian-listed companies, many of them resource-focused, raised $9.2 billion by selling stock, which is not far off from 2008 numbers. Meanwhile financings by companies with primary U. S. listings amounted to just $9.6 billion.

And amidst the feelings of hope spurred by the summit, investors loosened their grip on gold a little, causing the price to slide from US$928 per oz. to US$870.25. Likewise, the Global Gold Index dropped 11.6%, or about 39 points to 296.

The big gold companies were the most affected; Agnico-Eagle Mines was the top loser by value for the period, with shares falling $9.58 apiece to $61.82 per share. Barrick Gold shares slid $5.27 to $35.61, Goldcorp shares dropped, $5.10 to $37.40, with Newmont Mining, Kinross Gold, Seabridge Gold and Franco-Nevada not far behind in losses.

In the markets, Teck saw the most trading activity over the period with 72.4 million shares changing hands, boosting shares $1.53 to $8.40, as the struggling miner continued to dig its way out of $13 billion in debt. Teck agreed to sell its interest in gold production from its 90%-owned Carmen de Andacollo copper-gold mine in Chile to Royal Gold in a deal worth US$300 million. Royal Gold will come out of the deal with 75% of gold produced from sulphide ore until a maximum of 910,000 oz. is sold, after which Royal Gold’s interest will fall to 50% of payable gold. Royal Gold shares fell $5.59 over the period to $50.30 apiece.

A proposed bought-deal financing worth $164 million got Lundin Mining shares on the move with more than 58 million traded. Shares rose 26¢ to $2.06 as the cash-strapped company sees brighter days thanks to the financing and a rise in copper to US$1.97 per lb. The financing is being led by GMP Securities, and will see at least 80 million shares issued at $2.05 per share. The deal follows a highly criticized takeover offer by HudBay Minerals, which failed in March because Hud-Bay was forced to schedule a shareholder vote. Lundin will use the money for its base metals projects in Sweden, Portugal, Spain, the Democratic Republic of the Congo and Russia.

TSX most active issues
		VOLUME	WEEK
		(000s)	HIGH	LOW	CLOSE	CHANGE
Teck B	TCKB	72418	8.84	6.60	8.40	+ 1.53
Lundin Mng	LUN	58030	2.25	1.88	2.06	+ 0.26
Yamana Gold	YRI	40792	12.10	9.92	9.99	-1.34
HoriznsGBull	HGU	37318	15.57	10.38	10.82	-3.17
KinrossGold	K	25574	23.50	18.58	19.12	-3.37
Barrick Gold	ABX	24626	42.87	35.55	35.61	-5.27
Goldcorp	G	20919	44.00	36.14	37.40	-5.10
Eldorado Gold	ELD	20622	11.67	9.51	9.56	-1.54
Mercator Mnls	ML	20502	0.89	0.55	0.84	+ 0.29
Eastern Platin	ELR	20133	0.50	0.39	0.43	+ 0.02

TSX greatest percentage change
		VOLUME	WEEK
		(000s)	HIGH	LOW	CLOSE	CHANGE
Arehada Mining	AHD	115	0.07	0.04	0.07	+133.3
African Copper	ACU	16902	0.04	0.02	0.04	+100.0
Caledonia Mng	CAL	7198	0.12	0.05	0.09	+ 80.0
Baffinland Irn	BIM	8454	0.70	0.35	0.57	+ 67.6
WestTimminsM	WTM	5381	0.74	0.53	0.70	+ 55.5
Mercator Mnls	ML	20502	0.89	0.55	0.84	+ 52.7
Adanac Moly	AUA	4570	0.04	0.02	0.03	+ 50.0
Grandview Gld	GVX	226	0.12	0.09	0.12	+ 50.0
Erdene Res Dev	ERD	514	0.37	0.22	0.30	+ 50.0
Energy Fuels	EFR	1092	0.32	0.21	0.29	+ 45.0
Virgin Metals	VGM	388	0.03	0.01	0.01	-50.0
Atlanta Gold	ATG	40	0.28	0.20	0.28	-34.8
Firstgold	FGD	332	0.29	0.19	0.19	-34.4
Delta Uran	DUR	309	0.14	0.09	0.09	-30.7
High River Gol	HRG	14813	0.17	0.10	0.12	-29.4
Nuinsco Res	NWI	1089	0.05	0.03	0.03	-25.0
Horizns G Bull	HGU	37318	15.57	10.38	10.82	-22.6
Velocity Minls	VLC	65	0.20	0.15	0.15	-21.0
Golden Star	GSC	2582	2.01	1.46	1.54	-20.6
Colombia Goldf	GOL	131	0.05	0.04	0.04	-20.0

TSX greatest value change
WEEK
		VOLUME	CLOSE	CHANGE
First Quantum	FM	5388666	39.50	+ 6.00
Inmet Mining	IMN	1885057	34.38	+ 4.05
Agrium	AGU	4664024	47.43	+ 2.42
Teck A	TCKA	28169	11.01	+ 1.68
Horizns G Bear	HGD	13356060	8.40	+ 1.54
Teck B	TCKB	72417872	8.40	+ 1.53
Major Drilling	MDI	562516	13.50	+ 1.50
HudBay Minls	HBM	14639854	6.78	+ 1.11
Corriente Res	CTQ	3042885	6.42	+ 0.67
Labdr I-Ore Ro	LIF_U	277273	27.16	+ 0.66
Agnico-Eagle	AEM	5819914	61.82	-9.58
IShCOMEXGTr	IGT	46586	106.26	-7.68
Royal Gold	RGL	43636	50.30	-5.59
Barrick Gold	ABX	24625575	35.61	-5.27
Goldcorp	G	20919058	37.40	-5.10
Newmont Mng	NMC	145255	53.05	-3.84
Kinross Gold	K	25573634	19.12	-3.37
Horizns G Bull	HGU	37318094	10.82	-3.17
Seabridge Gold	SEA	152701	24.99	-3.10
Franco-Nevada	FNV	4235082	24.38	-2.52