TORONTO STOCK EXCHANGE MAY 25-31

Although Europe is not out of the woods yet, the economic environment is looking rosier on the western side of the Atlantic. The TSX composite index closed 2% higher over the May 25-31 trading period, after ending with some positive new: Canada’s gross domestic product grew by 6.1%, at an annualized pace, during the first quarter of 2010 — the largest quarterly economic expansion since 1999.

The benchmark closed at 11,762.99, a rise of 241.64 points over the week-long trading period that finished on the Memorial Day holiday south of the border.

Meanwhile, both the Capped Metals and Mining index and the Global Gold index fared well. The Capped Metals and Mining index rose 5.6%, or 49.26 points, to close at 921.66. The Global Gold index gained 4.8%, or 16.56 points, closing at 362.77.

Greystar Resources shares saw a significant increase over the period, rising nearly 62% to $5.43 apiece, after the Colombian government overturned a recent decision to invalidate the company’s environmental assessment for its flagship Angostura project. Last February, Colombia’s mining code was revised to protect the Paramo ecosystem where the company has been developing the project for the last 15 years. But Greystar can now continue with the review process for its proposed heap-leach and milling operation that would produce 511,000 oz. gold and 2.3 million oz. silver per year.

Although Inmet Mining shares gained the most over the period, up $3.89 to $51.69 apiece, the company reported some sad news. One of its contract workers at the Las Cruces mine in Spain died on May 28, three days after a workplace accident. Two others were involved in the accident. No details were provided on what happened.

Seabridge Gold shares also increased considerably, up $3.87 to close at $36.04. Seabridge announced that drilling is now underway at its KSM project in northwestern British Columbia. The company aims to add 2-3 million oz. gold to its reserves as well as explore a new target known as Iron Cap.

Continuous uncertainty for First Quantum Minerals made the company the top loser, with shares sinking $6.39 apiece to close at $56.40. A court in the Democratic Republic of the Congo (DRC), where the company has operated copper mines, annulled First Quantum’s mining rights for its Frontier and Lonshi mines. In February, the government cancelled the company’s Kolwezi copper-cobalt tailings project, prompting the company to seek international arbitration against the DRC.

As for the most actively traded stocks over the period, non-precious metals miners won out over the gold miners. Western Canadian Coal, Lundin Mining and Teck Resources were on the top half of the list with a range of 25.5 million to 32.7 million shares changing hands. The gold miners dominated the bottom half of the list for activity.

TSX most active issues
		VOLUME		WEEK
		(000s)	HIGH	LOW	CLOSE	CHANGE
Western C Coal	WTN	32722	5.46	4.24	5.26	+ 0.62
Lundin Mng	LUN	30188	4.12	3.29	4.09	+ 0.36
Eastern Platin	ELR	25539	1.22	0.99	1.20	+ 0.11
Teck B	TCKB	25475	37.07	31.05	36.54	+ 2.79
Red Back Mng	RBI	22286	27.59	23.79	26.73	+ 2.98
Eldorado Gold	ELD	19326	18.12	16.84	18.07	+ 1.49
Equinox Minls	EQN	18196	3.80	3.16	3.72	+ 0.31
Yamana Gold	YRI	18189	11.48	10.68	11.36	+ 0.75
Barrick Gold	ABX	16763	46.02	43.94	44.15	+ 0.98
New Gold	NGD	15001	6.67	5.67	6.42	+ 0.83

TSX greatest percentage change
		VOLUME		WEEK
		(000s)	HIGH	LOW	CLOSE	CHANGE
Nord Res	NRD	21	0.19	0.13	0.13	+ 85.7
Greystar Res	GSL	4449	5.80	3.25	5.43	+ 61.6
Lydian Intl	LYD	2166	1.50	0.98	1.42	+ 44.9
Golden Predatr	GPD	1186	0.62	0.44	0.56	+ 33.3
Cline Mng	CMK	8925	1.78	1.13	1.67	+ 31.5
Intrepid Mnrl	IAU	10133	0.53	0.41	0.51	+ 30.7
Ursa Major Min	UMJ	678	0.10	0.08	0.09	+ 28.5
Gryphon Gold	GGN	170	0.14	0.12	0.14	+ 27.2
Niocan Inc	NIO	44	0.55	0.46	0.50	+ 25.0
SouthGobi Engy	SGQ	399	12.74	9.81	12.74	+ 24.4
Zazu Metals	ZAZ	223	0.20	0.16	0.16	-15.7
Gold Reserve	GRZ	147	0.90	0.75	0.76	-15.5
Crescent Gold	CRA	621	0.14	0.10	0.11	-15.3
Golden Peaks	GL	111	0.60	0.50	0.50	-15.2
Yorbeau Res A	YRBA	1094	0.20	0.15	0.17	-15.0
Homeland Enrgy	HEG	3721	0.08	0.06	0.06	-14.2
Thundermin Res	THR	271	0.15	0.12	0.12	-14.2
Starfield Res	SRU	2042	0.08	0.07	0.08	-11.1
First Quantum	FM	5534	59.38	51.80	56.40	-10.1
Liberty Mines	LBE	482	0.21	0.19	0.19	-9.5

TSX greatest value change
WEEK
		VOLUME	CLOSE	CHANGE
Inmet Mining	IMN	1989341	51.69	+ 3.89
Seabridge Gold	SEA	302496	36.04	+ 3.87
PotashCpSask	POT	4837053	107.14	+ 3.45
Royal Gold	RGL	19967	53.80	+ 3.42
Labdr I-Ore Ro	LIF_U	321626	48.89 < /td>	+ 3.37
Teck A	TCKA	29836	38.00	+ 3.01
Red Back Mng	RBI	22285936	26.73	+ 2.98
Teck B	TCKB	25475499	36.54	+ 2.79
Imperial Metal	III	562798	19.25	+ 2.76
SouthGobi Engy	SGQ	398821	12.74	+ 2.50
First Quantum	FM	5533527	56.40	-6.39
IShCOMEXGTr	IGT	17180	120.82	-1.59
HoriznsGBear	HGD	8043989	3.43	-0.36
Golden Mnls	AUM	28473	8.60	-0.30
Ram Power	RPG	662094	2.52	-0.20
Argonaut Gold	AR	24076	2.70	-0.15
Gold Reserve	GRZ	147245	0.76	-0.14
Forsys Metals	FSY	453461	2.91	-0.10
Golden Peaks	GL	111240	0.50	-0.09
Entree Gold	ETG	350971	2.28	-0.09