The S&P/TSX Venture Composite Index closed in the green for a second straight week to start the year, as it jumped 2.3% — or 21.83 points during trading — en route to a 966.55-point close. Commodity futures were relatively stable, with gold rising late in the week on poor U.S. employment numbers. The loonie hit its lowest level since October 2009, as the currency closed at US91.75¢ to end the trading sessions.
Gold futures are sitting reliably above US$1,200 per oz., with February contracts for bullion closing the week up US$14.30 at US$1,247.80 per oz. Crude oil closed in the red for a second straight trading period, as February contracts for West Texas Intermediate dropped US$1.37 en route to a US$92.81-per-barrel weekly close. Copper has hovered above US$3.30 per lb. for the past month, with March contracts trading flat at US$3.35 per lb.
Beleaguered junior Selwyn Resources can be added to a growing list of companies that are being reorganized due to struggling small-cap markets. Selwyn announced late in 2013 that it was replacing its entire senior management group, and returned $28 million in capital to its shareholders after the company announced it was indefinitely suspending development at its ScoZinc zinc–lead mine in Nova Scotia.
Selwyn’s shareholders also voted to close a 1-to-100 share consolidation on Jan. 2. The company did not recommence trading in earnest until Jan. 6, and led the value-added category with a $1.72 gain on 125,500 shares traded, before closing the week at $1.73 per share. At press time Selwyn had 3.94 million shares outstanding for a $6.7-million market capitalization.
Base-metal explorer Reservoir Minerals finished a strong week of trading with an announcement that it had optioned 75% of its Parlozi lead–zinc–silver project in Serbia to junior Midlands Minerals. Reservoir jumped 35¢ on 168,000 shares traded, en route to a $5.58-per-share weekly close.
Under terms of the agreement Midlands may spend $4.5 million in exploration over four years so that it can earn a 51% interest in Parlozi. Midlands can bump it stake to 55% by obtaining a mineral-exploitation permit from the Serbian government, and increase its ownership to 75% by completing a bankable feasibility study over the next two years.
Parlozi is a 91 sq. km exploration permit covering historical lead–zinc–silver mining in the Kosmaj–Babe area of the Sumadija mining district in central Serbia. Exploration was conducted at the site during the 1970s and 1980s by state-controlled Yugoslavian companies, with historic data including 36 drill holes over 15,000 metres.
TSX-V most active issues
| Volume | |||||||
| Company | Symbol | (000s) | High | Low | Close | Change | |
| Kincora Copper | KCC | 6844 | 0.03 | 0.02 | 0.03 | 0 | |
| Xmet | XME | 6010 | 0.19 | 0.14 | 0.15 | – | 0.01 |
| Brookemnt Cpt | BKT | 5507 | 0.04 | 0.03 | 0.03 | 0 | |
| Lomiko Mtls | LMR | 4960 | 0.12 | 0.1 | 0.1 | – | 0.01 |
| Red Pine Expl | RPX | 4919 | 0.11 | 0.08 | 0.1 | – | 0.01 |
| Habanero Res | HAO | 4720 | 0.01 | 0.01 | 0.01 | 0 | |
| Pac Potash | PP | 4180 | 0.07 | 0.05 | 0.06 | – | 0.01 |
| Barisan Gold | BG | 3779 | 0.35 | 0.19 | 0.22 | – | 0.08 |
| Fission Uran | FCU | 3769 | 1.1 | 1.03 | 1.07 | + | 0.02 |
| Robex Res | RBX | 3716 | 0.16 | 0.13 | 0.15 | – | 0.01 |
TSX-V greatest percentage change
| Volume | |||||||
| Company | Symbol | (000s) | High | Low | Close | Change | |
| Selwyn Res | SWN | 126 | 1.9 | 1.51 | 1.73 | + | 11433.3 |
| Amador Gold | AGX | 362 | 0.02 | 0.01 | 0.02 | + | 300 |
| Falcon Gold | FG | 424 | 0.1 | 0.02 | 0.08 | + | 300 |
| La Quinta Res | LAQ | 23 | 0.02 | 0.02 | 0.02 | + | 200 |
| Actus Mnls | AAC | 284 | 0.02 | 0.01 | 0.02 | + | 200 |
| Central Iron O | CIO | 422 | 0.02 | 0.01 | 0.02 | + | 200 |
| Mill City Intl | MC | 567 | 0.22 | 0.09 | 0.22 | + | 193.3 |
| Firesteel Res | FTR | 21 | 0.09 | 0.05 | 0.09 | + | 157.1 |
| Pinestar Gold | PNS | 53 | 0.1 | 0.05 | 0.1 | + | 150 |
| Sarama Res | SWA | 53 | 0.16 | 0.08 | 0.16 | 128.5 | |
| Noble Metal Gr | NMG | 10 | 0.01 | 0.01 | 0.01 | – | 66.6 |
| Huntington Exp | HEI | 10 | 0.01 | 0.01 | 0.01 | – | 60 |
| Orefinders Res | ORX | 218 | 0.12 | 0.06 | 0.07 | – | 56.2 |
| CMQ Res | NV | 80 | 0.02 | 0.01 | 0.01 | – | 50 |
| NQ Expl | NQE | 11 | 0.01 | 0.01 | 0.01 | – | 50 |
| Canyon Copper | CNC | 10 | 0.01 | 0.01 | 0.01 | – | 50 |
| Bonterra Res | BTR | 525 | 0.01 | 0.01 | 0.01 | – | 50 |
| Ditem Explor | DIT | 127 | 0.01 | 0.01 | 0.01 | – | 44.4 |
| Zena Mng | ZCC | 144 | 0.09 | 0.08 | 0.09 | – | 41.3 |
| Carlin Gold | CGD | 35 | 0.02 | 0.02 | 0.02 | – | 40 |
TSX-V greatest value change
| Company | Symbol | Change | Close | Change | |
| Selwyn Res | SWN | 125500 | 1.73 | + | 1.72 |
| Gold Reserve | GRZ | 105340 | 4.29 | + | 0.67 |
| Reservoir Mnls | RMC | 167551 | 5.58 | + | 0.35 |
| Energold Drill | EGD | 141930 | 1.81 | + | 0.21 |
| Mill City Intl | MC | 567004 | 0.22 | + | 0.15 |
| Tasman Metals | TSM | 434191 | 1.3 | + | 0.14 |
| Cayden Res | CYD | 172923 | 1.13 | + | 0.13 |
| Athabasca Mnls | ABM | 314919 | 1.62 | + | 0.12 |
| Great Quest Me | GQ | 567393 | 0.73 | + | 0.11 |
| Titanium Corp | TIC | 144929 | 0.63 | + | 0.11 |
| Pac Booker Min | BKM | 29981 | 6.6 | – | 0.4 |
| Zenyatta Vent | ZEN | 1190215 | 1.96 | – | 0.32 |
| Lumina Copper | LCC | 107218 | 6.14 | – | 0.16 |
| Eurasian Minls | EMX | 23640 | 1.07 | – | 0.12 |
| Orefinders Res | ORX | 218000 | 0.07 | – | 0.09 |
| Almonty Ind | AII | 37000 | 0.82 | – | 0.09 |
| Mason Graphite | LLG | 2861333 | 0.71 | – | 0.09 |
| Barisan Gold | BG | 3779269 | 0.22 | – | 0.08 |
| Avino Silver | ASM | 77968 | 1.26 | – | 0.07 |
| Atacama Pac Gd | ATM | 11400 | 0.93 | – | 0.07 |
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