TSX Venture Exchange

The S&P/TSX Venture Composite Index slipped 5.55 points during the period to end at 1,190.64 points after two days of losses outweighed three days of gains. Volume was down considerably, coming in 20 million shares lower than the week before on 53.3 million average shares traded daily.

With established revenue, and being somewhat isolated from operational risks, gold-streamer Sandstorm Gold has weathered the economic downturn better than most. It was the week’s biggest value gainer, climbing 67¢ to $9.35 after releasing second-quarter results. The company had record operating cash flow of US$11.3 million, net income of US$5.3 million and average cash cost of US$298 per oz. gold for its record 9,259 oz. gold sale. Sandstorm also secured several new royalties in the period, and set its forecast attributable production for the year at between 28,000 and 33,000 oz. gold.

Argentina-focused Lumina Copper managed a 39¢ gain to end at $7.87 after partially reversing a five-day losing streak. On July 18 the company ended at $8.49, but by July 24 it fell to $6.85, its lowest level since October. Investors piled back into the stock and reversed the streak, but only to a point. The company’s stock has been under severe pressure following a deteriorating investment climate in Argentina and the general downturn, and is now well off its all-time high of $17.16 reached in late March.

Canamex Resources is the highest-traded company again, with 22.1 million shares traded. The week before, the company announced an 118-metre intercept grading 4.08 grams gold per tonne on its Bruner project in Nevada, and subsequently climbed 29¢ to 39¢. Capitalizing on its share price gain, the company quickly announced a $2.7-million financing at 27¢ per unit, with a unit comprised of a share and a warrant exercisable at 40¢ for five years. During the latest period the company’s share price slipped from 39¢ to a low of 25¢, but climbed back to end at 30¢ on news of the financing.

Anconia Resources’ share price climbed steeply on no news, doubling to 30¢ with 1.4 million shares traded. The company has base and precious metal projects in Nunavut and Ontario, and announced in mid-July that it plans to drill up to 1,500 metres on the Marce volcanogenic massive sulphide target in Nunavut that it sampled last year. The company has 38.5 million shares outstanding after raising $1.6 million, though it originally set out to raise $4 million in February. Anconia financed at 20¢ per unit and traded as high as 45¢ last September, but hit a low of 8¢ in early July before its climb.

TSX-V most active issues

Volume Week
    (000s) High Low Close Change
Canamex Res CSQ 22122 0.44 0.25 0.30 -0.05
GoldQuest Mng GQC 5652 0.23 0.13 0.17 +0.04
GoldQuest Mng GQC 5466 1.16 0.92 1.01 -0.11
Guyana Prec Mt GPM 5059 0.07 0.07 0.07 -0.01
East Asia Mnls EAS 4748 0.19 0.15 0.17 0.00
Unigold UGD 3645 0.41 0.33 0.38 -0.01
Argus Metals AML 3637 0.06 0.02 0.03 -0.03
IBC Adv Alloys IB 3338 0.11 0.09 0.10 -0.02
Midlands Minls MEX 2846 0.02 0.02 0.02 0.00
Roxgold ROG 2586 0.64 0.56 0.60 -0.03

TSX-V greatest percentage change

  Volume Week
(000s) High Low Close Change
Goldeye Expl GGY 35 0.13 0.08 0.13 +733.3
Anconia Res ARA 1179 0.32 0.18 0.30 +106.9
Snowfield Def SNO 241 0.06 0.03 0.06 +100.0
Tiex TIX 16 0.03 0.03 0.03 +100.0
United Reef URP 204 0.01 0.01 0.01 +100.0
Cougar Mnls COU 338 0.02 0.02 0.02 +100.0
Cassius Vent CZ 24 0.08 0.08 0.08 +87.5
Canadn Silvr H AGH 42 0.14 0.08 0.14 +75.0
San Marco Res SMN 93 0.14 0.10 0.14 +75.0
Beatrix Vent BXV 81 0.03 0.02 0.03 +66.6
Diadem Res DRL 1140 0.01 0.01 0.01 +66.6
Argus Metals AML 3637 0.06 0.02 0.03 -54.5
BE Res BER 94 0.02 0.01 0.01 -50.0
Duncastle Gold DUN 41 0.01 0.01 0.01 -50.0
Masuparia Gold MAS 105 0.12 0.07 0.07 -45.8
Taipan Res TPN 1477 0.52 0.28 0.36 -40.8
Firestone Vent FV 79 0.02 0.02 0.02 -40.0
Goldstar Mnls GDM 35 0.12 0.09 0.09 -40.0
Astorius Res ASQ 15 0.11 0.11 0.11 -38.2
Corex Gold CGE 968 0.13 0.07 0.07 -36.3

TSX-V greatest value change

  Volume Close Change
Sandstorm Gld SSL 803198 9.35 +0.67
Pac Booker Min BKM 14759 12.20 +0.40
Lumina Copper LCC 126063 7.87 +0.39
Mirasol Res MRZ 155428 1.84 +0.33
Reservoir Mnls RMC 134818 1.29 +.24
Atacama Pac Gd ATM 10750 2.75 +0.20
Anconia Res ARA 1179333 0.30 +0.16
SilverCrest Mn SVL 614233 1.99 +0.15
Santacruz Silv SCZ 178600 1.00 +0.15
Gold Reach Res GRV 106447 1.38 +0.14
Chesapeake Gld CKG 53215 8.05 -0.64
Prophecy Plat NKL 653493 1.24 -0.26
Taipan Res TPN 1477293 0.36 -0.25
Archon Mineral ACS 17300 1.00 -0.20
Callinan Royal CAA 57289 2.55 -0.20
Lions Gate Mtl LGM 13500 0.31 -0.14
Giyani Gold WDG 224303 1.07 -0.13
Maudore Minls MAO 166100 2.51 -0.13
Bear Creek Mng BCM 510635 2.25 -0.13
Almonty Ind AII 21000 0.90 -0.11
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