Despite bullion prices soaring to new records above the US$900-per-oz. level, the S&P-TSX Venture Composite Index dipped a modest 1.42 points to close the Jan. 8-14 trading session at 2,818.56. Daily trading volumes for the week averaged 99.5 million shares — a substantial increase over the previous period.
The junior market maintained its bearish sentiment, with only 15 companies eking out new annual highs while 83 dropped to 52-week lows.
Continued market anticipation regarding pending drill assays from Gravity West Mining’s Voltaire Lake project, in northwestern Ontario’s Sibley basin region, pushed the company’s stock up a nickel to 30 on over 42 million shares traded. The junior has been showcasing photos of the core on its website.
Shares of Geoinformatics Exploration soared 89%, or 12.5, to 26.5 apiece on volume of 41 million shares, on the release of a resource estimate at its Whistler project in Alaska. The project contains about 840,000 oz. gold classified as indicated, plus 2.74 million inferred oz. gold.
With 32.6 million shares changing hands and closing down a penny at $1.55 per share, Tyler Resources remained a strong trader on a recent $1.60-per-share takeover bid by Chinese firm Jinchuan. Last year, Tyler tabled a significant resource estimate for its Bahuerachi polymetallic project in northern Mexico.
Diamonds North Resources saw its shares post a strong 83% gain over the session, closing up 65 at $1.43 on volume of 26.8 million shares. The company announced the recovery of 550 microdiamonds from an 82-kg sample taken from the Tuktu-1 kimberlite, on the Amaruk property in Nunavut.
Carmax Explorations gained a nickel, closing the week at 20.5 per share on trading volume of over 25 million shares. Recent drilling on its Eaglehead property, in northern B.C.’s Quesnel Trough, returned up to 203 metres of 0.35% copper, 0.015% molybdenum and 0.1 gram gold per tonne.
Sage Gold continued as a strong trader over the session with 14.4 million shares changing hands, but gave up 4.5 to finish at 45.5. It recently closed a $5.5-million financing and plans 22,000 metres of drill- ing for its projects in the Beardmore- Geraldton greenstone belt region of northern Ontario.
Buoyed by a surging gold price, shares of Rainy River Resources posted a 70 gain over the week to close at $5.10 apiece on trading volume of 1.3 million shares. The company is advancing its namesake gold project, located south of Kenora in northwestern Ontario, and plans a resource estimate for the first quarter of the year.
Xemplar Energy’s share price continued to retract, down 85 to $6.40 per share. The stock recently rallied as high as $8.50 on rumours of a possible takeover by mining giant Rio Tinto, or others. Xemplar is exploring the Warmbad uranium project in Namibia, and is expecting assay results from recent drilling soon.
TSX-V greatest percentage change
VOLUME(000s) | HIGH | LOW | CLOSE | CHANGE | |||
Century Mining | CMM | 5979 | 0.57 | 0.27 | 0.56 | + | 107.4 |
Geoinformatics | GXL | 41041 | 0.415 | 0.20 | 0.265 | + | 89.2 |
Diamonds North | DDN | 26750 | 2.07 | 1.03 | 1.43 | + | 83.3 |
Inter-Rock Mnl | IRO | 139 | 0.25 | 0.15 | 0.25 | + | 66.6 |
Venturex Expl | CVA | 201 | 0.09 | 0.06 | 0.06 | + | 50.0 |
Young-Shan Gld | GYS | 204 | 0.16 | 0.135 | 0.16 | + | 45.4 |
Riverstone Res | RVS | 1064 | 0.42 | 0.28 | 0.405 | + | 44.6 |
Rolling Rock | RLL | 4618 | 0.31 | 0.175 | 0.215 | + | 43.3 |
Universal Powr | UNX | 98 | 0.485 | 0.23 | 0.485 | + | 42.6 |
Groundstar Res | GSA | 1386 | 1.11 | 0.80 | 1.11 | + | 40.5 |
X-Ore Res | XOR | 3858 | 0.12 | 0.07 | 0.07 | – | 50.0 |
Quest Uranium | QUC | 437 | 0.355 | 0.23 | 0.24 | – | 39.2 |
Diamcor Mng | DMI | 92 | 0.66 | 0.40 | 0.40 | – | 38.4 |
Noble Metal Gr | NMG | 26 | 0.18 | 0.16 | 0.17 | – | 37.0 |
Newmac Res | NER | 928 | 1.22 | 0.75 | 0.76 | – | 36.1 |
Agau Res | AGS | 19 | 0.395 | 0.255 | 0.255 | – | 35.4 |
Carlin Gold | CGD | 60 | 0.13 | 0.095 | 0.095 | – | 32.1 |
St Eugene Mng | SEM | 120 | 0.10 | 0.065 | 0.065 | – | 31.5 |
Lyra Res | LYR | 127 | 0.06 | 0.035 | 0.035 | – | 30.0 |
Wealth Minls | WML | 277 | 1.80 | 1.24 | 1.30 | – | 28.9 |
TSX-V greatest value change
VOLUME | CLOSE | CHANGE | |||
SouthGobi Engy | SGQ | 145734 | 10.75 | + | 1.25 |
Bear Creek Mng | BCM | 496042 | 8.25 | + | 0.80 |
Rainy River Rs | RR | 1293087 | 5.10 | + | 0.70 |
Diamonds North | DDN | 26750297 | 1.43 | + | 0.65 |
Andina Mnls | ADM | 1589588 | 5.05 | + | 0.50 |
First Majestic | FR | 1290846 | 5.10 | + | 0.48 |
AuEx Vent | XAU | 1105957 | 2.82 | + | 0.47 |
Midway Gold | MDW | 732159 | 4.45 | + | 0.45 |
Evolving Gold | EVG | 1657934 | 1.38 | + | 0.38 |
SilverStone Rs | SST | 1358846 | 3.14 | + | 0.35 |
Seabridge Gold | SEA | 139305 | 27.28 | – | 3.25 |
Xemplar Energy | XE | 3165420 | 6.40 | – | 0.85 |
Exeter Res | XRC | 395735 | 4.30 | – | 0.75 |
Anglo Mnrls | ALM | 981353 | 5.91 | – | 0.54 |
Wealth Minls | WML | 277225 | 1.30 | – | 0.53 |
Triex Minerals | TXM | 195050 | 1.97 | – | 0.48 |
Kodiak Expl | KXL | 3346885 | 3.75 | – | 0.48 |
Pearl Ex & Pr | PXX | 4647858 | 2.20 | – | 0.48 |
Newmac Res | NER | 927995 | 0.76 | – | 0.43 |
Pac Booker Min | BKM | 19910 | 11.05 | – | 0.40 |
TSX-V most active issues
VOLUME(000s) | HIGH | LOW | CLOSE | CHANGE | |||
Gravity West | GRW | 42248 | 0.385 | 0.245 | 0.30 | + | 0.05 |
Geoinformatics | GXL | 41041 | 0.415 | 0.20 | 0.265 | + | 0.125 |
Tyler Res | TYS | 32647 | 1.57 | 1.55 | 1.55 | – | 0.01 |
Diamonds North | DDN | 26750 | 2.07 | 1.03 | 1.43 | + | 0.65 |
Carmax Expl< /td> | CMX | 25209 | 0.26 | 0.155 | 0.205 | + | 0.05 |
Opact Res | OPA | 16807 | 0.76 | 0.56 | 0.72 | + | 0.08 |
Sage Gold | SGX | 14407 | 0.55 | 0.45 | 0.455 | – | 0.045 |
MacDonald Mns | BMK | 14003 | 0.68 | 0.45 | 0.58 | + | 0.01 |
Arctic Star Di | ADD | 13142 | 0.23 | 0.145 | 0.145 | + | 0.005 |
Intl Samuel Ex | SAZ | 11931 | 0.175 | 0.13 | 0.15 | + | 0.025 |
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