Toronto Stock Exchange – May 19-25

The TSX was up during the May 19-25 reporting period, with the S&P/TSX composite index up 307 points, or 3.1%, to 10,070, the Capped Metals and Mining index rising 22 points, or 4.2%, to 534, and the Capped Materials index adding 16 points, or 5.7%, to 292.

The precious metals sector was up as prices of gold, silver, platinum and palladium rose on U. S. dollar weakness. Barrick Gold climbed $3.33 to $42.79, and fellow gold miners Goldcorp, Agnico-Eagle Mines, Yamana Gold and Newmont Mining likewise gained ground. Rubicon Minerals, in the midst of an intensive exploration campaign on its Phoenix gold project, near Red Lake, Ont., added 33¢ to $2.15 after raising $16 million from the exercise of warrants.

Silver issues also shone, with Pan American Silver adding $2.71 to $24.71, Silver Standard Resources advancing $2.50 to $24.75, and Mercator Minerals climbing after filing quarterly financials. But Aquiline Resources, which is advancing the Navidad silver-lead project in Argentina, retreated 13¢ to $2.45 after announcing a $16-million private placement.

Rare earths received an endorsement from newsletter writers James Dines and John Kaiser, who believe the metals are likely to experience a bull market. Avalon Rare Metals, which owns the Thor Lake rare earths deposit in the Northwest Territories, jumped 49¢ to $1.19.

Molybdenum miner Thompson Creek Metals advanced 69¢ to $9.61. Desjardins Securities projects that the molybdenum price will average US$14 per lb. this year and US$30 next year. Desjardins has a 12-month price target of $16.20 for Thompson Creek. Meanwhile, Moly Mines, which holds the Spinifex Ridge copper-moly project in Australia, lost 7¢ to 32¢. The company has appointed a new chairman.

Talon Metals vaulted 21¢ to 50¢ on the acquisition of eight potash exploration projects in Brazil and the granting of exploration rights for the Juruean gold project in the country.

Africo Resources, which holds the Kalukundi copper-cobalt project in the Democratic Republic of the Congo, jumped 35¢ to 95¢ after terminating the acquisition of the Mashitu project, and the resignation of its president and CEO.

Mid-tier uranium miner Denison Mines added 35¢ to $2.39. After the reporting period, Denison announced an $82-million private placement.

Zinc miner Breakwater Resources continued to rally, adding 4¢ to 28¢ on recent strength in zinc prices. Zinc exploration company Zincore Metals also climbed, rising 8¢ to 14¢.

Starfield Resources, which owns a poly-metallic deposit in Nunavut, rose 1¢ to 20¢.

TSX most active issues
		VOLUME	WEEK
		(000s)	HIGH	LOW	CLOSE	CHANGE
Teck B	TCKB	45273	16.48	14.92	15.80	+ 1.52
Centamin Egypt	CEE	40069	1.68	1.19	1.47	+ 0.28
Breakwater Res	BWR	38210	0.31	0.28	0.28	+ 0.04
Yamana Gold	YRI	31842	12.32	10.23	11.85	+ 1.52
Denison Mines	DML	30385	2.39	2.08	2.39	+ 0.35
Lundin Mng	LUN	29183	2.83	2.40	2.60	+ 0.26
First Metals	FMA	26552	0.12	0.02	0.04	+ 0.02
HoriznsGBull	HGU	25151	13.86	11.34	13.20	+ 1.30
Mercator Mnls	ML	24482	1.89	1.56	1.63	+ 0.10
Uranium One	UUU	24466	3.86	3.35	3.50	-0.06

TSX greatest percentage change
		VOLUME	WEEK
		(000s)	HIGH	LOW	CLOSE	CHANGE
Zincore Mtls	ZNC	2908	0.16	0.05	0.14	+133.3
First Metals	FMA	26552	0.12	0.02	0.04	+100.0
Atlanta Gold	ATG	140	0.31	0.23	0.31	+ 82.3
Talon Metals	TLO	227	0.53	0.26	0.50	+ 72.4
Avalon Rare Mt	AVL	3177	1.26	0.68	1.19	+ 70.0
Yorbeau Res A	YRBA	218	0.17	0.10	0.15	+ 66.6
Africo Res	ARL	176	0.95	0.60	0.95	+ 58.3
VG Gold	VG	72	0.12	0.09	0.12	+ 50.0
Ontex Res	ONT	5084	0.28	0.19	0.25	+ 47.0
Etruscan Res	EET	979	0.40	0.28	0.40	+ 42.8
Richview Res	RVR	20	0.03	0.02	0.02	-33.3
Sierra Minls	SIM	119	0.22	0.14	0.18	-30.7
Arehada Mining	AHD	1002	0.10	0.06	0.07	-30.0
Franc-Or Res	FOR	125	0.06	0.05	0.05	-28.5
St Andrew Gldf	SAS	256	0.40	0.30	0.31	-22.5
Thundermin Res	THR	1122	0.19	0.14	0.15	-21.0
BRC DiamondCr	BCD	344	0.08	0.05	0.08	-20.0
Gold Reserve	GRZ	208	0.77	0.65	0.65	-18.7
African Copper	ACU	21091	0.20	0.08	0.09	-18.1
Moly Mines	MOL	3803	0.40	0.31	0.32	-17.9

TSX greatest value change
WEEK
	VOLUME	CLOSE	CHANGE
Potash Cp Sask POT	5793990	129.30	+ 3.50
Barrick Gold ABX	20359522	42.79	+ 3.33
Royal Gold RGL	33235	50.00	+ 3.23
Seabridge Gold SEA	153153	32.32	+ 3.15
First Quantum FM	3006 302	48.57	+ 3.06
Agnico-Eagle AEM	3297773	64.15	+ 2.83
Newmont Mng NMC	50612	52.78	+ 2.75
Pan Am Silver PAA	931088	24.71	+ 2.71
Silver Std Res SSO	457417	24.75	+ 2.50
Goldcorp G	13951232	41.44	+ 2.43
Ivanhoe Mines IVN	3606842	5.85	-1.20
IShCOMEXGTr IGT	35495	107.00	-0.91
Horizns G Bear HGD	13770884	6.21	-0.77
North Am Pall PDL	1151740	2.65	-0.30
Forsys Metals FSY	1753000	5.06	-0.29
Mines Managmnt MGT	28800	1.60	-0.21
Mountain Prov MPV	79964	1.40	-0.17
Platmin PPN	248760	1.02	-0.17
Dynasty Met&Mn DMM	710710	4.45	-0.17
Cardero Res CDU	6694036	1.18	-0.16