US markets

U.S. equities jumped late in the week on news that European leaders agreed to distribute rescue funding directly to troubled national banks, which marked a victory for Spain and Italy, where borrowing costs where hitting dangerous levels despite efforts to curtail government spending. News from Europe overshadowed tepid U.S. economic data earlier in the week as consumer confidence hit five-month lows and orders for durable goods missed analyst estimates — pointing to a manufacturing slowdown.

The Dow Jones Industrial Average rose 1.9%, or 239.3 points en route to a 12,863.90 weekly close, while the S&P 500 enjoyed a 2.03% gain, rising 27.14 points before closing the week at 1,360.60. The Philadelphia Gold and Silver Index gained 1.25 points, or 0.8%, to close at 157.54.

It was a big week for fertilizer producers on the value-added side after Potash Corp.of Saskatchewan CEO Bill Doyle predicted there would be no new potash mines hitting production for at least five years. Doyle’s comments followed a stinging report by Europe’s Rabobank that speculated there could be massive overcapacity in the potash market representing 59% to 100% of demand by decade’s end.   

U.S.-based fertilizer heavyweight Compass Minerals International led the way with a $6.58 increase en route to a $76.28 weekly close, while competitor Agrium jumped $4.23 before closing the week at $88.47. Minnesota-based fertilizer giant Mosaic leapt $4.18 to close at $54.76, and Potash enjoyed a $3.35 boost before closing at $43.69.

Quaterra Resources’ shares jumped 12.2% as company filed a preliminary economic assessment on its MacArthur copper project in Nevada, as well as announce a resource increase at its Nieves silver property in Mexico.

Missouri-based Arch Coal, the largest coal producer in the Powder River basin, continued to rebound following news it was downsizing operations to control costs. Arch leapt 12.4% before closing at $6.86 to end the week. Producers in the coal space are also benefitting from renewed optimism, vis-à-vis the EU crisis and potential economic stimulus packages in China and the U.S.

U.S. most active issues

 VOLUME WEEK
HIGH LOW CLOSE CHANGE
Alcoa AA 112547 8.75 8.28 8.75 +0.13
Freeport McMo* FCX 80317 34.13 31.41 34.07 +1.77
Alpha Nat Res* ANR 67264 8.76 7.46 8.71 +0.45
Arch Coal* ACI 66799 6.94 5.41 6.89 +0.76
Peabody Enrgy* BTU 48069 24.59 20.67 24.52 +1.94
Potash C Sask* POT 42154 44.76 40.44 43.69 +3.35
Barrick Gold* ABX 41329 38.62 35.55 37.57 -0.35
Kinross Gold* KGC 31714 8.47 7.73 8.15 0.12
Mosaic* MOS 30941 54.98 50.51 54.76 +4.18
Silver Dragon* SDRG 30435 0.01 0.00 0.01 -0.00

U.S. greatest percentage change

 VOLUME WEEK
HIGH LOW CLOSE CHANGE
Li3 Energy* LIEG 357 0.10 0.07 0.09 +27.0
Linux Gold* LNXGF 75 0.02 0.01 0.02 +25.0
America West* AWSR 164 0.12 0.08 0.12 +25.0
Elray Res* ELRA 3655 0.01 0.01 0.01 +20.0
Arch Coal* ACI 66799 6.91 5.41 6.89 +12.4
Quaterra Res* QMM 167 0.49 0.35 0.46 +12.2
Mag Silver* MVG 38 8.79 7.45 8.70 +10.2
Uranerz Energ* URZ 1550 1.45 1.26 1.45 +9.8
Uranium Ener* UEC 555 2.30 1.86 2.29 +9.5
Compass Mnls* CMP 450 76.48 68.87 76.28 +9.4
Crosshair Eny* CXZ 361 0.26 0.17 0.18 -28.1
Tombstone Exp* TMBXF 65 0.03 0.03 0.03 -18.7
Cream Mnrls* CRMXF 101 0.10 0.09 0.09 -18.1
Geovic Mng* GVCM 141 0.12 0.10 0.10 -17.8
Apolo Gold* APLL 12 0.14 0.14 0.14 -17.6
Silver Dragon* SDRG 30435 0.01 0.00 0.01 -16.6
Santa Fe Gold* SFEG 1559 0.40 0.27 0.34 -15.5
Miranda Gold* MRDDF 20 0.30 0.25 0.26 -13.0
Samex Mng* SMXMF 36 0.25 0.21 0.22 -12.4
Intl Tower Hi* THM 99 3.15 2.65 2.78 -12.3

U.S. greatest value change

< td>Pretium Res*
 VOLUME WEEK
CLOSE CHANGE
Compass Mnls* CMP 450376 76.28 +6.58
Agrium* AGI 1558614 88.47 +4.23
Mosaic* MOS 30941484 54.76 +4.18
Potash C Sask* POT 42154344 43.69 +3.35
Cabot Corp* CBT 2463089 40.70 +3.03
Royal Gold* RGLD 3330221 78.40 +2.84
Soc Quim&M Ch* SQM 1867058 55.67 +2.20
BHP Billi-BHP BHP 16050534 65.30 +1.99
Consol Energy* CNS 17418473 30.24 +1.98
Peabody Enrgy* BTU 48069165 24.52 +1.94
Walter Energy* WLT 3387867 44.16 -1.83
Harry Winston* HWD 506669 11.36 -0.48
Natural Rs Pt* NRP 262190 22.17 -0.47
Richmont Mine* RIC 1089382 4.63 -0.46
Intl Tower Hi* THM 98927 2.78 -0.39
Silver Std Re* SSRI 2986058 11.24 -0.39
Pan Am Silver* PAAS 6071005 16.88 -0.35
Barrick Gold* ABX 41328911 37.57 -0.35
PVG 540679 13.80 -0.29
Fortuna Silvr* FSM 985162 3.45 -0.28
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