US markets

The Dow Jones Industrial Average and the S&P 500 Index posted gains for the sixth consecutive week, buoyed by comments from German Chancellor Angela Merkel that she supports the European Central Bank’s efforts to fight debt, and better-than-expected U.S. consumer-sentiment data. The Dow gained 67.25 points, or 0.51% to close at 13,275.20, while the S&P 500 Index rose 12.29 points, or 0.90% to 1,418.16 — within reach of its April high of 1,419.04. The Philadelphia Gold and Silver Index climbed 1.64 points, or 1.04%, to finish the trading week at 160.01.

Agrium advanced US$2.66 per share to US$99.89 after its board said spinning off its retail operations was not in the best interests of shareholders. One of Agrium’s shareholders, hedge fund Jana Partners, has been pressuring the fertilizer group to split the company into separate retail and wholesale businesses. The retail arm makes up 30% of the company’s earnings. Agrium’s share price has risen 40% this year.

Shares of Potash Corp. of ­Saskatchewan rose 70¢ to close at US$44.14. PotashCorp announced that the oversupplied potash market is forcing it to temporarily shut down its Lanigan mine in Saskatchewan from Sept. 15 to Oct. 13. Potash inventories in North America were 30% above the five-year average in July.

Ur-Energy shares posted the week’s second-largest percentage gain, jumping 21% to US$1.14 after the company received the final environmental impact statement from the U.S. Bureau of Land Management for its flagship Lost Creek project. The BLM chose drying yellowcake on site as its preferred alternative, which involves building a drying and packaging facility inside the processing plant. With this method, the company can cut shipments from site, cause fewer disturbances to wildlife and better protect air quality.

Molycorp’s decision to raise US$450 million in convertible senior notes and common equity sent its shares plunging US$3.06 to US$9.84. Some US$150 million will be common stock and US$300 million will be senior notes due in 2017. Molycorp, which is developing its Mountain Pass rare-earth mine in California, said the money will be used for operating expenses, working capital, capex and other requirements this year and next.

U.S most active issues

Volume Week
    (000s) High Low Close Change
Alpha Nat Res* ANR 76259 7.44 6.36 6.45 -0.90
Freeport McMo* FCX 60659 36.55 34.20 35.34 -0.97
Molycorp* MCP 53518 13.05 9.75 9.84 -3.06
Alcoa* AA 53164 8.97 8.63 8.75 -0.23
Arch Coal* ACI 45316 7.66 6.80 7.01 -0.45
Barrick Gold* ABX 33062 36.41 33.92 35.98 +1.39
Peabody Enrgy* BTU 30131 23.53 21.38 22.30 -0.93
Kinross Gold* KGC 30083 8.44 7.97 8.31 +0.07
Potash C Sask* POT 20649 44.82 42.75 44.14 +0.70
Goldcorp* GG 19533 39.10 36.32 38.51 +1.08

U.S greatest percentage change

  Volume Week
(000s) High Low Close Change
North Am Pall* PAL 6029 1.84 1.49 1.82 +21.3
Ur-Energy* URG 243 1.23 0.91 1.14 +21.2
Augusta Res* AZC 117 3.00 2.48 2.98 +20.6
Midway Gold* MDW 264 1.33 1.10 1.33 +19.8
Uranium Ener* UEC 589 2.69 2.12 2.46 +18.8
Santa Fe Gold* SFEFG 1151 0.44 0.25 0.32 +12.5
Caledonia Mng* CALVF 747 0.11 0.09 0.10 +12.3
OM Group* OMG 1870 18.40 15.96 18.17 +12.3
NovaGold Res* NG 12218 4.95 4.25 4.71 +9.7
Denison Mines* DNN 239 1.49 1.31 1.46 +9.7
Molycorp* MCP 53518 13.05 9.75 9.84 -23.7
Gold Am Mng* SILA 87 0.03 0.02 0.03 -23.5
Dejour Enterp* DEJ 754 0.24 0.18 0.19 -21.2
Claude Res* CGR 2348 0.73 0.56 0.60 -18.8
Lake Shore Gd* LSG 3332 1.15 0.92 0.96 -16.5
Atlatsa Res* ATL 80 0.20 0.15 0.15 -16.3
Alpha Nat Res* ANR 76259 7.44 6.36 6.45 -12.2
Keegan Res* KGN 159 3.42 2.92 2.92 -11.5
Alumina Inc* AWC 2196 3.38 2.89 2.92 -10.7
Quest Rare Mn* QRM 319 1.45 1.24 1.27 -8.6

U.S greatest value change

  Volume Close Change
Agrium* AGU 1332420 99.89 +2.66
Royal Gold* RGLD 2227374 78.04 +2.54
OM Group* OMG 1869647 18.17 +1.99
Cameco Corp* CCJ 9671449 22.54 +1.70
Franco-Nevada* FNV 892580 49.62 +1.55
Barrick Gold* ABX 33062070 35.98 +1.39
Silver Wheatn* SLW 14234231 31.91 +1.27
Soc Quim&M Ch* SQM 1676158 61.31 +1.18
Mosaic* MOS 15596204 59.61 +1.10
Coeur d’Alene* CDE 7456043 21.04 +1.09
Molycorp* MCP 53517974 9.84 -3.06
Rio Tinto* RIO 2062683 47.52 -2.45
Walter Energy* WLT 2945533 36.52 -2.37
Cliffs Nat Rs* CLF 18044185 42.23 -2.06
Randogold Res* GOLD 1491952 97.50 -1.91
Buenaventura* BVN 4550833 32.97 -1.45
Vale* VALE 15336591 17.81 -1.40
BHP Billi-BBL* BBL 2806828 61.59 -1.00
Freeport McMo* FCX 60659048 35.34 -0.97
Peabody Enrgy* BTU 30131491 22.30 -0.93
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