The S&P/TSX Venture Composite Index carried a wave of momentum to a full week’s worth of gains during the trading session, as it jumped 3.6%, or 34.25 points, en route to a 996.25-point close. Markets were buoyed by rising gold prices and strong economic indicators out of China, Germany and Italy. Meanwhile, the Canadian dollar gained 4.5¢ before closing at US91¢.
Gold futures were on the rise for a second straight week, with April contracts for bullion jumping 4%, or US$51.50, en route to a US$1,318.70 per oz. close. March contracts for copper rose US1.7¢ before finishing the week at US$3.26 per lb., while March contracts for West Texas Intermediate traded relatively flat en route to a US$100.36-per-barrel close.
The value-added category was dominated by precious-metal companies during the trading period, as rising gold prices drove strong gains. Toronto-based Probe Mines was the highest riser during the week, as the company advanced 68¢ en route to a $3.25-per-share close.
On Feb. 10 Probe released results from 12 infill drill holes at its Borden gold project near Chapleau, Ont. Drilling was focused on demonstrating consistency within the project’s High-Grade zone, with results highlighted by 39 metres grading 16.3 grams gold per tonne from 458 metres depth in hole 14-573, and 44 metres averaging 2.6 grams gold from 487 metres depth in hole 13-567.
Gold explorer Atac Resources also rose on higher metal prices, with the company jumping 49¢, or 61.3%, before closing at $1.29 per share. Silver producers were additional beneficiaries, as SilverCrest Mines gained 17%, or 41¢, before closing at $2.84 per share, while Aurcana popped 48%, or 43¢, en route to a $1.33-per-share close.
Fission Uranium had another busy week, as the company traded 10.4 million shares and gained 3¢ before closing at $1.19 per share. On Feb. 10 Fission released results from seven holes collared at its Patterson Lake South (PLS) uranium discovery near Saskatchewan’s Athabasca basin.
The company reported all its holes hit “strong, wide intervals of uranium mineralization,” with highlights including: 6.1 metres of total composite “off-scale” radioactivity in hole 14-132. Altogether, the holes reportedly doubled the lateral width from 10 metres to 20 metres on section lines of zones R390E, R585E and R945E.
The trading period wasn’t as kind to industrial-driven metals, with Lumina Copper and its advanced-stage Taca Taca copper–gold–molybdenum project in the Puna region of northwestern Argentina leading the value-lost category. Lumina dropped 36¢ en route to a $5.30-per-share close.
TSX-V most active issues
| Volume | |||||||
| Company | Symbol | (000s) | High | Low | Close | Change | |
| Glass Earth | GEL | 11202 | 0.01 | 0.01 | 0.01 | – | 0.01 |
| Fission Uran | FCU | 10380 | 1.22 | 1.15 | 1.19 | + | 0.03 |
| Canadn Arrow | CRO | 9950 | 0.01 | 0.01 | 0.01 | – | 0.01 |
| Delta Gold | DLT | 9207 | 0.05 | 0.03 | 0.03 | – | 0.03 |
| Stroud Res | SDR | 9137 | 0.01 | 0.01 | 0.01 | 0 | |
| Oroco Res | OCO | 8246 | 0.12 | 0.08 | 0.08 | – | 0.03 |
| UC Res | UC | 8091 | 0.01 | 0.01 | 0.01 | 0 | |
| True Gold Mng | TGM | 7826 | 0.42 | 0.39 | 0.4 | + | 0.01 |
| Canada Rare Ea | CJC | 7469 | 0.12 | 0.09 | 0.09 | – | 0.01 |
| AurCrest Gold | AGO | 7269 | 0.02 | 0.01 | 0.01 | – | 0.01 |
TSX-V greatest percentage change
| Volume | |||||||
| Company | Symbol | (000s) | High | Low | Close | Change | |
| Compass Gold | CVB | 32 | 0.02 | 0.01 | 0.02 | + | 300 |
| Nunavik Nickel | KZZ | 15 | 0.12 | 0.05 | 0.12 | + | 187.5 |
| Amador Gold | AGX | 686 | 0.03 | 0.02 | 0.03 | + | 150 |
| Defiance Silvr | DEF | 516 | 0.12 | 0.05 | 0.11 | + | 144.4 |
| Hawkeye Gld&Di | HGO | 238 | 0.04 | 0.02 | 0.04 | + | 133.3 |
| Oronova Res | ONV | 14 | 0.08 | 0.06 | 0.08 | + | 128.5 |
| Rogue Iron Ore | RRS | 590 | 0.19 | 0.07 | 0.19 | + | 105.5 |
| China Mnls Mng | CMV | 173 | 0.02 | 0.02 | 0.02 | + | 100 |
| Lago Dourado M | LDM | 1353 | 0.02 | 0.01 | 0.02 | + | 100 |
| Iconic Mnls | ICM | 523 | 0.04 | 0.02 | 0.03 | + | 100 |
| Canadn Arrow | CRO | 9950 | 0.01 | 0.01 | 0.01 | – | 66.6 |
| Delta Gold | DLT | 9207 | 0.05 | 0.03 | 0.03 | – | 54.5 |
| Eastfield Res | ETF | 150 | 0.05 | 0.03 | 0.03 | – | 50 |
| Glass Earth | GEL | 11202 | 0.01 | 0.01 | 0.01 | – | 50 |
| Celeste Copper | C | 2299 | 0.01 | 0.01 | 0.01 | – | 50 |
| AurCrest Gold | AGO | 7269 | 0.02 | 0.01 | 0.01 | – | 50 |
| Guyana Frntr M | GYG | 3185 | 0.01 | 0.01 | 0.01 | – | 50 |
| Darwin Res | DAR | 6959 | 0.2 | 0.05 | 0.05 | – | 50 |
| Fire River Gol | FAU | 1462 | 0.01 | 0.01 | 0.01 | – | 50 |
| Firebird Res | FIX | 440 | 0.02 | 0.01 | 0.01 | – | 50 |
TSX-V greatest value change
| Company | Symbol | Change | Close | Change | |
| Probe Mines | PRB | 1518570 | 3.25 | + | 0.68 |
| Atac Res | ATC | 3051821 | 1.29 | + | 0.49 |
| Great Quest Me | GQ | 489806 | 1.86 | + | 0.43 |
| Aurcana Corp | AUN | 1512198 | 1.33 | + | 0.43 |
| SilverCrest Mn | SVL | 1917807 | 2.84 | + | 0.41 |
| Avino Silver | ASM | 780294 | 2.45 | + | 0.34 |
| Mirasol Res | MRZ | 412795 | 1.63 | + | 0.34 |
| Energold Drill | EGD | 213450 | 1.9 | + | 0.26 |
| Cayden Res | CYD | 476818 | 1.6 | + | 0.21 |
| Arian Silver | AGQ | 83295 | 0.7 | + | 0.2 |
| Lumina Copper | LCC | 135045 | 5.3 | – | 0.36 |
| Tsodilo Res | TSD | 118966 | 1.24 | – | 0.23 |
| Sandstorm Mt&E | SND | 260460 | 1.15 | – | 0.12 |
| Diamcor Mng | DMI | 27052 | 1.4 | – | 0.1 |
| Nevada Sunrise | NEV | 46959 | 0.25 | – | 0.1 |
| Tiller Res | TIR | 87000 | 0.12 | – | 0.09 |
| EurOmax Res | EOX | 741712 | 0.21 | – | 0.06 |
| Timberline Res | TBR | 232682 | 0.15 | – | 0.06 |
| Darwin Res | DAR | 6959437 | 0.05 | – | 0.05 |
| Arianne Phosph | DAN | 346033 | 1.3 | – | 0.05 |
Be the first to comment on "TSX Venture on the rise, Feb. 10-14"