U.S. MARKETS -November 22-26

The Dow Jones industrial average fell 111.55 points or 1% to finish at 11,092.00, while the S&P 500 index slipped 10.33 points to 1,189.40. Nasdaq added 16.44 points to reach 2,534.56. The Philadelphia Gold and Silver index dropped 2.58 points to 209.79, as the price of gold inched up US$10.10 to close in New York on Nov. 26 at US$1,364.20 per oz.

The Mesabi Trust claimed the second-highest value gain, climbing US$2.73 to US$45.10 per share on the back of strengthening iron ore prices. The royalty trust derives its income from the Peter Mitchell iron ore mine at the eastern end of the Mesabi iron range in Minnesota.

Cameco advanced US$1.41 to US$36.80 per share on news it had signed an agreement with China Guangdong Nuclear Power Holding Company (CGNPC) to supply 29 million lbs. of uranium concentrate under a long-term agreement through 2025. CGNPC operates three nuclear power stations and has the most nuclear power plants under construction in the world, according to Cameco. CGNPC has 17,000 megawatts of nuclear capacity under construction and expects to have 50,000 megawatts online by 2020.

Potash Corp. of Saskatchewan jumped US$2.89 to US$143.14. The fertilizer giant announced an offering of US$500 million of seven-year notes (at 3.25%) and US$500 million of 30-year notes (at 5.625%). Potash Corp. will use the proceeds for general corporate purposes, including repurchases of its shares under a US$2.0-billion program it unveiled on Nov. 16.

Almaden Minerals advanced US$1.09 to US$3.83 per share on news that it had added a second drill rig at its Tulgitic project in Mexico and extended its Ixtaca gold-silver zone by more than 100 metres along the interpreted strike. The Ixtaca zone is a new grassroots discovery in the southwest portion of the company’s 50-sq.-km Tuligtic project, and about 2 km southwest of a porphyry copper-gold zone that had been drilled in 2009.

Finally, Uranium Resources was up US72¢ to US$3.18 following news on Nov. 15 that its U.S. Nuclear Regulatory Commission licence has been upheld to conduct in situ uranium recovery at its Churchrock/Crownpoint project in New Mexico.

U.S. most active issues
	VOLUME	WEEK
	(000s) HIGH	LOW	CLOSE	CHANGE
Alcoa* AA	60879 13.38	12.96	13.17	-0.21
Silverado* SLGLF	46358 0.00	1.0E8	0.00	0.00
Hecla Mining* HL	40623 9.07	8.45	8.80	+ 0.22
Silver Wheatn* SLW	34605 36.24	34.62	35.15	+ 0.45
Freeport McMo* FCX	33704 102.50	97.79	97.92	-3.88
Massey Energy* MEE	27894 52.20	47.04	49.54	+ 0.53
Barrick Gold* ABX	24197 51.27	49.37	50.43	+ 0.78
Uranium Res* URRE	23418 3.25	2.45	3.18	+ 0.72
Newmont Mng* NEM	20719 61.83	58.33	58.54	-1.80
Goldcorp* GG	16609 46.21	44.70	44.92	-0.83

U.S. greatest percentage change
		VOLUME		WEEK
		(000s)	HIGH	LOW	CLOSE	CHANGE
Li3 Energy*	LIEG	836	0.24	0.14	0.24	+ 60.0
Almaden Mnls*	AAU	4816	4.07	2.75	3.83	+ 39.7
Canarc Res*	CRCUF	208	0.18	0.13	0.18	+ 38.4
Crosshair E&M*	CXZ	1173	0.47	0.32	0.46	+ 35.2
Uranium Res*	URRE	23418	3.25	2.45	3.18	+ 29.2
Denison Mines*	DNN	927	3.31	2.45	3.22	+ 25.2
Uranerz Energ*	URZ	8701	3.94	3.05	3.85	+ 20.3
Tombstone Exp*	TMBXF	1291	0.14	0.10	0.13	+ 18.1
Radius Gold*	RDUFF	39	0.70	0.54	0.67	+ 17.5
Caledonia Mng*	CALVF	1154	0.14	0.11	0.14	+ 16.6
Elray Res*	ELRA	1102	0.02	0.01	0.02	-33.3
US Antimony*	UAMY	13	0.41	0.36	0.36	-20.0
Constittn Mng*	CMIN	1494	0.22	0.17	0.18	-18.1
Starfield Res*	SRFDF	200	0.06	0.05	0.05	-16.6
Pediment Gold*	PEZGF	632	2.28	1.82	1.93	-16.4
Affinity Gold*	AFYG	589	0.07	0.06	0.06	-14.2
DouglasLkMl*	DLKM	151	0.36	0.32	0.32	-13.5
Goldfield*	GV	49	0.34	0.30	0.30	-11.7
Linux Gold*	LNXGF	1102	0.11	0.08	0.08	-11.1
Gold Am Mng*	SILA	3721	0.71	0.60	0.65	-8.4

U.S. greatest value change
WEEK
	VOLUME	CLOSE	CHANGE
Potash C Sask* POT	15244703	143.14	+ 2.89
Mesabi Trust* MSB	815616	45.10	+ 2.73
Cameco Corp* CCJ	9161249	36.80	+ 1.41
Almaden Mnls* AAU	4815805	3.83	+ 1.09
Mag Silver* MVG	70223	10.35	+ 0.91
Barrick Gold* ABX	24196877	50.43	+ 0.78
Uranium Res* URRE	23418369	3.18	+ 0.72
Uranerz Energ* URZ	8700751	3.85	+ 0.65
Denison Mines* DNN	927489	3.22	+ 0.65
Soc Quim&M Ch* SQM	1388747	51.40	+ 0.63
Freeport McMo* FCX	33703946	97.92	-3.88
BHP Billi-BHP* BHP	11005889	83.37	-3.12
BHP Billi-BBL* BBL	5063423	72.16	-2.67
Teck B* TCK	11596296	47.95	-2.07
Newmont Mng* NEM	20718837	58.54	-1.80
ASA (Ber muda)* ASA	228650	32.44	-1.44
Randgold Res* GOLD	1529859	95.44	-1.23
Mechel* MTL	1756532	23.50	-1.21
Pan Am Silver* PAAS	5834264	36.02	-1.14
NaturalRsPt* NRP	184888	30.54	-1.09