The S&P/TSX Venture Composite Index had a rough week during the trading period, as it lost 1.7%, or 16.81 points, en route to a 1,000.63-point close. Commodity futures were down across the board, with global economic concerns — including a weaker-than-expected U.S. jobs report and the Argentine debt default — contributing to investor concerns.
December contracts for gold bullion lost US$13.50 during weekly trading en route to a US$1,294.80 per oz. close. Meanwhile, crude oil futures also finished in the red, with September contracts for West Texas Intermediate dropping 3.8%, or US$3.85, before closing out the trading period at US$97.88 per barrel. September contracts for copper lost US2.8¢ before finishing the week at US$3.22 per lb.
Industrial raw materials outfit Athabasca Minerals was on the rise after releasing its second-quarter results. The company gained 18¢ during weekly trading before closing at $2.55 per share on 1.1 million shares. On July 30 Athabasca announced it had sold 1.4 million tonnes of aggregate during the quarter and registered total revenue of $3.5 million. The company reported that aggregate sales had picked up “significantly,” with ramped up construction after slow demand during the first half of fiscal 2014.
The company has 426,000 tonnes of gravel and 437,000 tonnes of sand at five inventory locations, which it expects to sell during the second half. Athabasca also began aggregate production at its Cowper aggregate operation, which is its fourth corporate-owned pit.
Bacanora Minerals trended downward following its excursion onto the London Stock Exchange. The company lost 20¢ during the week before closing at $1.25 per share. On July 25 the company announced it had been admitted to the Alternative Investment Market (AIM) of the London Stock Exchange, where it closed an $8.7-million brokered financing of 14.4 million shares at a price of 60.5¢ per share. U.K.-based Rare Earth Minerals picked up 1.4 million shares on the AIM, which brought the company’s interest in Bacanora to 12%. Bacanora is advancing its Magdalena borate project and Sonora lithium project in Mexico.
Red Pine Exploration led the volume category after saying it would likely pull the plug on its Cayenne polymetallic project, 110 km southwest of Timmins, Ont. The company traded 8.1 million shares before closing at 1¢ per share. On July 31 Red Pine reported that 11 drill holes completed early this year at Cayenne hit no significant mineralization.
TSX-V most active issues
| Volume | |||||||
| Company | Symbol | (000s) | High | Low | Close | Change | |
| Red Pine Expl | RPX | 8087 | 0.02 | 0.01 | 0.01 | – | 0.01 |
| Fieldex Expl | FLX | 5969 | 0.01 | 0.01 | 0.01 | 0 | |
| Nemaska Lith | NMX | 5511 | 0.2 | 0.16 | 0.17 | + | 0.01 |
| Corsa Coal | CSO | 5027 | 0.29 | 0.24 | 0.26 | + | 0.02 |
| Seafield Res | SFF | 4911 | 0.01 | 0.01 | 0.01 | 0 | |
| Fission Uran | FCU | 4569 | 1.34 | 1.23 | 1.28 | + | 0.04 |
| El Tigre Silvr | ELS | 4063 | 0.5 | 0.14 | 0.39 | + | 0.24 |
| Prime Merid Rs | PMR | 4030 | 0.02 | 0.02 | 0.02 | 0 | |
| New Millennium | PGM | 3821 | 0.44 | 0.34 | 0.44 | + | 0.07 |
| Canterra Mnls | CTM | 3540 | 0.14 | 0.08 | 0.13 | + | 0.06 |
TSX-V greatest percentage change
| Volume | |||||||
| Company | Symbol | (000s) | High | Low | Close | Change | |
| El Tigre Silvr | ELS | 4063 | 0.5 | 0.14 | 0.39 | + | 160 |
| E-Energy Vent | EEV | 50 | 0.01 | 0.01 | 0.01 | + | 100 |
| Frontline Gold | FGC | 419 | 0.01 | 0.01 | 0.01 | + | 100 |
| Tri Origin Exp | TOE | 1103 | 0.03 | 0.02 | 0.02 | + | 100 |
| China Mnls Mng | CMV | 81 | 0.01 | 0.01 | 0.01 | + | 100 |
| Terra Firma Rs | TFR | 60 | 0.01 | 0.01 | 0.01 | + | 100 |
| Canadn Plat | CPC | 485 | 0.01 | 0.01 | 0.01 | + | 100 |
| Greenflag Vent | GFV | 206 | 0.08 | 0.05 | 0.08 | + | 87.5 |
| Geodex Mnrls | GXM | 2789 | 0.1 | 0.03 | 0.07 | + | 85.7 |
| Canterra Mnls | CTM | 3540 | 0.14 | 0.08 | 0.13 | + | 78.5 |
| Red Mile Mnls | RDM | 319 | 0.03 | 0.01 | 0.01 | – | 60 |
| Brookemnt Cpt | BKT | 10 | 0.01 | 0.01 | 0.01 | – | 50 |
| Plato Gold | PGC | 15 | 0.01 | 0.01 | 0.01 | – | 50 |
| Blind Crk Res | BCK | 302 | 0.01 | 0.01 | 0.01 | – | 50 |
| Orefinders Res | ORX | 100 | 0.09 | 0.08 | 0.08 | – | 50 |
| Mainstream Mnl | MJO | 12 | 0.01 | 0.01 | 0.01 | – | 50 |
| NQ Expl | NQE | 305 | 0.02 | 0.01 | 0.01 | – | 50 |
| Red Pine Expl | RPX | 8087 | 0.02 | 0.01 | 0.01 | – | 50 |
| Saville Res | SRE | 56 | 0.07 | 0.05 | 0.06 | – | 45 |
| Electra Gold | ELT | 97 | 0.07 | 0.06 | 0.06 | – | 45 |
TSX-V greatest value change
| Company | Symbol | Change | Close | Change | |
| Bear Creek Mng | BCM | 208039 | 3.49 | + | 0.45 |
| Kennady Diam | KDI | 104989 | 6.05 | + | 0.25 |
| El Tigre Silvr | ELS | 4063260 | 0.39 | + | 0.24 |
| Athabasca Mnls | ABM | 1086666 | 2.55 | + | 0.18 |
| Reservoir Capt | REO | 564680 | 0.36 | + | 0.11 |
| Northern Graph | NGC | 1779233 | 1.18 | + | 0.11 |
| Bullman Mnls | BUL | 136000 | 0.3 | + | 0.1 |
| New Millennium | PGM | 3820912 | 0.44 | + | 0.07 |
| Iron Tank Res | TNK | 1176097 | 0.19 | + | 0.07 |
| Metalex Vent | MTX | 87500 | 0.14 | + | 0.06 |
| Lumina Copper | LCC | 1410126 | 10.37 | – | 0.3 |
| Marlin Gold | MLN | 12102 | 1.15 | – | 0.2 |
| Bacanora Mnls | BCN | 2798232 | 1.25 | – | 0.2 |
| Arian Silver | AGQ | 10850 | 0.6 | – | 0.18 |
| Probe Mines | PRB | 107656 | 2.32 | – | 0.13 |
| Atac Res | ATC | 531556 | 1.06 | – | 0.13 |
| Gold Reserve | GRZ | 72565 | 4.25 | – | 0.11 |
| Great Quest Me | GQ | 215764 | 1.84 | – | 0.11 |
| Lara Expl | LRA | 181667 | 0.74 | – | 0.09 |
| Callinan Royal | CAA | 195715 | 1.82 | – | 0.09 |
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