Market news: TSX Venture Exchange

The TSX Venture Exchange made a modest gain of 12 points to 1,258.97 points for the period as global markets shrugged off their past selling ways and embraced a more positive outlook on the state of the world.

Investors’ turn to a more bullish mood came as fears of an economic catastrophe connected to the fiscal cliff abated somewhat, and good economic indicators came out of Germany. The buying mood spread into commodities, with oil up a dollar to US$88.28 per barrel, gold rising US$37 to US$1,751.40 per oz. and copper climbing 8¢ to US$3.53 per oz.

Probe Mines saw its share price rise 27¢ to $2.13 after selling its royalty interest in the Goldex gold mine near Val-d’Or, Que., to the former mine’s owner Agnico-Eagle Mines for $18 million. Probe will get $14 million when the deal closes, while an additional payment of $2.5 million will come in cash or shares if the mine is restarted. Probe’s former interest accounts for 17,320 oz. production, with another $1.5 million going to Probe if its portion of the royalty exceeds 20,320 oz. Agnico indefinitely suspended operations Goldex near the end of 2011 owing to water inflow and ground instability. Probe plans to use the capital to fund work at its Borden Lake gold project in northern Ontario.

Midway Gold arranged a financing and got a boost, with shares up 25¢ to $1.51 for the period. The movement came after the company announced it had arranged a US$70-million private placement financing for five-year, 8% convertible preferred shares at US$1.85 per share. The financing, provided by Hale Capital Partners, gets Midway closer to becoming Nevada’s next gold producer without incurring a hedge on its future gold production, or committing to any security over its assets. Proceeds from the private placement will go towards getting the heap-leach Pan project into production, and engineering studies to advance the Gold Rock project. 

Despite saying that the recent rebel activity in the eastern part of the Democratic Republic of the Congo hadn’t affected its operations, Loncor Resources still saw its share price slide by 11¢ to 87¢. Loncor said exploration activities at its high-priority Ngayu project have been unaffected by the rising violence, as it sits 420 km northwest of the provincial capital city of Goma, which was overtaken by the M23 rebel group. Drilling continues as planned at Ngayu with two rigs, and will carry on until early December — when activities are normally halted over the holiday period. A recent U.N. report alleges that both Uganda and Rwanda are supporting the rebels, who plan to march towards the capital of Kinshasa.


 TSX-V most active issues


    Volume  
Company Symbol (000s) High Low Close Change
New Guinea Gld NGG 12675 0.02 0.01 0.01 + 0.01
Plains Ck Phos PCP 10734 0.02 0.01 0.02 + 0.01
Castillian Res CT 6208 0.03 0.03 0.03 0.01
RPT Uranium RPT 5379 0.01 0.01 0.01 0.01
Andina Mnls ADM 5218 0.78 0.77 0.78   0
Canamex Res CSQ 5028 0.25 0.19 0.2 0.01
Fission Energy FIS 4802 0.66 0.47 0.58 + 0.09
Aurcana Corp AUN 4687 1.09 1 1.07 + 0.08
True North Gem TGX 4252 0.08 0.06 0.07 + 0.01
KWG Res KWG 3857 0.06 0.05 0.05 0.01
Homeland Enrgy HEG 142 0.02 0.01 0.01 33.3
Xinergy XRG 96 0.83 0.69 0.7 21.3
Elemental Mnls ELM 16 0.37 0.36 0.37 18.8
MDN Inc MDN 239 0.14 0.11 0.11 18.5
Vena Res VEM 156 0.18 0.14 0.16 17.9
Redzone Res REZ 345 0.18 0.14 0.14 17.6
Wallbridge Mng WM 138 0.15 0.14 0.14 15.6
Alderon Iron O ADV 1300 1.45 1.18 1.2 15.4
Anaconda Mng ANX 121 0.15 0.13 0.13 13.3
Candente Coppr DNT 512 0.37 0.31 0.31 12.6

TSX-V greatest percentage change


    Volume  
Company Symbol (000s) High Low Close Change
Midasco Cap MGC 46 0.02 0.02 0.02 + 100
New Guinea Gld NGG 12675 0.02 0.01 0.01 + 100
Viper Gold VPR 16 0.06 0.05 0.06 + 100
Canada Rare Ea CJC 1137 0.16 0.09 0.16 + 82.3
Nikos Expl NIK 101 0.03 0.02 0.03 + 66.6
Transition Mtl XTM 200 0.2 0.14 0.2 + 66.6
Rainmaker Mng RMG 26 0.13 0.1 0.13 + 62.5
Monster Uran MU 60 0.06 0.06 0.06 + 57.1
Monster Mng MAN 449 0.06 0.04 0.06 + 57.1
Guerrero Expl GEX 892 0.12 0.07 0.1 + 53.8
Bell Copper BCU 933 0.01 0.01 0.01 50
Silver Fields SF 379 0.01 0.01 0.01 50
RPT Uranium RPT 5379 0.01 0.01 0.01 50
Cascade Res CC 1200 0.01 0.01 0.01 50
Oremex Gold OAU 36 0.06 0.05 0.05 47
BCM Res B 108 0.08 0.05 0.05 44.4
Frontline Gold FGC 1083 0.03 0.01 0.02 40
Fjordland Exp FEX 358 0.03 0.02 0.02 40
Dot Res DOT 33 0.03 0.03 0.03 40
Northern Abiti NAI 758 0.02 0.02 0.02 40

 TSX-V greatest value change


Company Symbol Change Close Change
Sandstorm Gld SSL 1481298 11.93 + 0.69
Pac Booker Min BKM 41882 4.5 + 0.6
Reservoir Mnls RMC 640848 3.09 + 0.47
Probe Mines PRB 2155432 2.13 + 0.27
Midway Gold MDW 62900 1.51 + 0.25
Tasman Metals TSM 161481 1.27 + 0.19
Maudore Minls MAO 25000 2.45 + 0.19
Avino Silver ASM 50554 1.79 + 0.19
Athabasca Mnls ABM 619882 2.02 + 0.13
Eurasian Minls EMX 75270 2.13 + 0.13
Chesapeake Gld CKG 22862 9.25 0.29
Northquest NQ 513550 0.65 0.16
Midland Expl MD 42111 1.23 0.11
Loncor Res LN 24000 0.87 0.11
Ascot Res AOT 285795 1.2 0.11
Olivut Res OLV 356868 0.79 0.11
GTA Res & Mng GTA 1219440 0.17 0.1
CB Gold CBJ 1260972 0.91 0.1
Colt Res GTP 754795 0.4 0.1
Kootenay Gold KTN 174915 0.94 0.09

 For the latest information, visit our Mining Stock Tables page in our Investing section.

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