U.S. MARKETS -December 6-10

The Dow Jones industrial average inched up 28.23 points to close the week at 11,410.32, while the S&P 500 rose 15.6 points to 1,240.40. The Nasdaq advanced 46.08 points to finish at 2,637.54. The Philadelphia Gold and Silver index dropped 1.82 points to 223.45, and the New York spot price for gold closed at US$1,385.80 per oz. Twenty-seven companies on the New York Stock Exchange reached new 52-week highs.

Freeport-McMoRan Copper & Gold was one of them, advancing US$3.92 to close at US$112.87, the week’s second-largest value gain. It was also the fourth most-actively traded stock with 56.2 million shares trading hands. On Dec. 9, Freeport announced a supplemental stock dividend of US$1 per share, an addition to the company’s regular quarterly stock dividend. Freeport said the supplemental dividend reflected the company’s strong cash position and “significant” cash flow. Freeport’s board also declared a two-for-one split of the company’s shares, a decision it says that illustrates “the strong share price performance of our shares and positive outlook for our business.”

Compass Minerals also reached a new 52-week high, rising US$2.79 to US$89.66 per share. On Dec. 7, the Kansas-based company announced that Standard & Poor’s is adding it to its S&P MidCap 400 index. The company’s market capitalization has grown from US$485 million at the time of its initial public offering in December 2003 to nearly US$3 billion today. Companies in the index must have a market capitalization in the range of US$850 million to US$3.8 billion, as well as at least four consecutive quarters of positive earnings. Compass Minerals also announced on Dec. 9 that it will raise the price of all sulphate of potash specialty fertilizer products by US$25 per ton on orders placed after Dec. 13.

Minefinders was up US$1.06 to US$11.34. On Dec. 13, the company announced a $151.5-million bought-deal financing of 13.65 million shares at $11.10 apiece. Proceeds will be used for future expansion and mill construction at Minefinders’ open-pit Dolores gold mine, about 250 km west of Chihuahua, and continued development at its La Bolsa gold-silver development project in Sonora, Mexico.

U.S. most active issues
VOLUME WEEK
(000s) HIGH LOW CLOSE CHANGE
Alcoa* AA 104412 14.50 14.02 14.25 0.00
Hecla Mining* HL 92593 11.40 9.90 10.68 + 0.18
Silver Wheatn* SLW 65976 42.34 37.04 38.51 -0.80
Freeport McMo* FCX 56147 114.24 106.70 112.87 + 3.92
Stillwater Mg* SWC 52936 22.86 18.98 20.07 -1.73
Goldcorp* GG 47885 48.34 45.21 46.07 -0.97
Barrick Gold* ABX 42505 55.72 52.66 53.30 -0.70
Kinross Gold* KGC 37665 19.59 18.12 18.44 -0.31
NovaGold Res* NG 34717 16.90 14.68 15.10 + 0.18
Newmont Mng* NEM 34607 64.05 59.71 61.42 -0.79
U.S. greatest percentage change
VOLUME WEEK
(000s) HIGH LOW CLOSE CHANGE
Yellowcake Mg* YCKM 2012 0.34 0.03 0.24 + 700.0
Cream Mnrls* CRMXF 451 0.22 0.15 0.22 + 46.6
Infrastrc Mat* IFAM 331 0.30 0.17 0.26 + 44.4
Paramount Gld* PZG 11364 2.62 1.69 2.59 + 43.8
DouglasLkMl* DLKM 1041 0.43 0.28 0.42 + 35.4
Northern Dyn* NAK 5280 13.56 9.75 13.41 + 33.7
Am Engy Field* AEFI 225 0.82 0.67 0.78 + 30.0
Tara Gold* TRGD 307 0.39 0.30 0.39 + 25.8
America West* AWSR 152 1.80 1.23 1.72 + 24.6
China Shen Zh* SHZ 872 4.12 3.15 3.78 + 22.7
Affinity Gold* AFYG 95 0.05 0.04 0.05 -28.5
Constittn Mng* CMIN 4035 0.22 0.12 0.16 -27.2
Caledonia Mng* CALVF 4691 0.17 0.11 0.11 -26.6
Madison Minls* MMRSF 55 0.17 0.12 0.12 -25.0
Tombstone Exp* TMBXF 602 0.14 0.10 0.11 -21.4
Puda Coal* PUDA 1840 16.20 11.66 12.25 -20.5
Argentex Mng* AGXM 590 0.87 0.71 0.75 -13.7
Global Gold* GBGD 308 0.24 0.20 0.20 -13.0
Vista Gold* VGZ 2954 3.17 2.67 2.70 -11.4
Uranium Ener* UEC 2326 6.64 5.71 5.94 -11.3
Puda Coal*
U.S. greatest value change
WEEK
VOLUME CLOSE CHANGE
Mesabi Trust* MSB 2577587 54.60 + 4.78
Freeport McMo* FCX 56146960 112.87 + 3.92
Northern Dyn* NAK 5280471 13.41 + 3.38
Compass Mnls* CMP 2840730 89.66 + 2.79
Teck B* TCK 19926725 57.32 + 2.59
BHP Billi-BBL* BBL 7267348 78.27 + 1.66
Massey Energy* MEE 22482015 51.98 + 1.56
BHP Billi-BHP* BHP 14387169 89.80 + 1.13
Minefinders* MFN 4747743 11.34 + 1.06
Royal Gold* RGLD 2245082 53.70 + 1.00
Potash C Sask* POT 11621476 139.87 -4.29
Randgold Res* GOLD 4554624 89.57 -4.02
Buenaventura* BVN 4852528 49.98 -3.19
PUDA 1839742 12.25 -3.16
Ivanhoe Mines* IVN 29586369 23.94 -3.03
Agrium* AGU 1703024 81.87 -2.44
Agnico-Eagle* AEM 10163544 82.93 -2.10
Allied Nevada* ANV 731694 26.52 -1.98
ASA (Bermuda)* ASA 323864 33.67 -1.89
Stillwater Mg* SWC 52935620 20.07 -1.73
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