The S&P/TSX Venture Composite Index took a breather during the trading sessions after posting big gains over the past three weeks, with falling commodity prices contributing to decrease of 1.9%, or 18.25 points, en route to a 955.33-point weekly close. Markets are awaiting a firm policy statement from the U.S. Federal Reserve in regards to upcoming stimulus initiatives, while the Canadian economy posted better-than-expected growth in August, with a 0.3% expansion.
Gold futures lost ground for the first time in three weeks, with December contracts for bullion dropping 2.6%, or US$34.80, before closing out the trading period at US$1,315.90 per oz. Crude oil futures couldn’t muster positive momentum, as December contracts for West Texas Intermediate lost 3.3%, or US$3.26 during the week, en route to a US$94.61-per-barrel close. December contracts for copper gained US3.1¢ before closing at US$3.30 per lb.
Kelowna-based junior Diamcor Mining rode momentum after selling a 91.65-carat octahedron diamond unearthed from its Krone–Endora at Venetia mine in South Africa’s Limpopo province. The company jumped 17¢ during weekly trading, en route to a $1.76-per-share close.
The gem-quality octahedron diamond netted US$818,000 in proceeds, and was part of a diamond tender totalling 2,654.63 carats that generated US$1.15 million for Diamcor. Most of the rough diamonds sold were recovered during testing and commissioning on Krone–Endora’s lower-grade, upper-zone material. The company reported that the value per carat achieved from its diamond tender was well above expectations.
Colombia-focused producer Pacific Coal Resources jumped 12¢ on 123,430 shares traded after selling its interest in the Barranquilla port concession, which is on the banks of the Magdalena River, 5 km upstream from the Caribbean Sea. The company closed the week at 50¢ per share.
Junior silver producer Aurcana lost 27¢ on 524,957 shares traded during the week before closing at $1.86 per share. On Nov. 1, the company announced it had applied to amend terms of 5.5 million outstanding purchase warrants, which were issued as part of a private placement in December 2010.
The warrants are scheduled to expire in early December, and Aurcana intends to reduce the exercise price from $3.28 per share to $2.04 per share, as well as extend the expiry date to December 2014. Under terms of the warrant amendment, if Aurcana’s closing price exceeds $2.45 per share for 10 consecutive days, the company must decrease the warrant exercise term by 30 days.
TSX-V most active issues
| Volume | |||||||
| Company | Symbol | (000s) | High | Low | Close | Change | |
| Red Pine Expl | RPX | 17171 | 0.07 | 0.02 | 0.05 | + | 0.03 |
| Selwyn Res | SWN | 10263 | 0.09 | 0.08 | 0.08 | – | 0.01 |
| Rockridge Cap | RRC | 8482 | 0.02 | 0.01 | 0.01 | – | 0.01 |
| KWG Res | KWG | 4730 | 0.05 | 0.05 | 0.05 | – | 0.01 |
| Auriga Gold | AIA | 4170 | 0.02 | 0.01 | 0.01 | 0 | |
| Orex Minls | REX | 4156 | 0.27 | 0.24 | 0.27 | + | 0.03 |
| Adroit Res | ADT | 3867 | 0.02 | 0.01 | 0.01 | + | 0.01 |
| Azincourt Res | AAZ | 3808 | 0.35 | 0.27 | 0.33 | + | 0.03 |
| Nemaska Lith | NMX | 3791 | 0.11 | 0.08 | 0.11 | + | 0.02 |
| Victoria Gold | VIT | 3500 | 0.13 | 0.12 | 0.12 | – | 0.01 |
TSX-V greatest percentage change
| Volume | |||||||
| Company | Symbol | (000s) | High | Low | Close | Change | |
| Soldi Vent | SOV | 76 | 0.02 | 0.02 | 0.02 | + | 200 |
| August Mtl | AGP | 56 | 0.02 | 0.01 | 0.02 | + | 200 |
| Red Pine Expl | RPX | 17171 | 0.07 | 0.02 | 0.05 | + | 150 |
| Duncan Park H | DPH | 189 | 0.01 | 0.01 | 0.01 | + | 100 |
| Goldex Res | GDX | 110 | 0.01 | 0.01 | 0.01 | + | 100 |
| Adroit Res | ADT | 3867 | 0.02 | 0.01 | 0.01 | + | 100 |
| Marifil Mines | MFM | 28 | 0.02 | 0.02 | 0.02 | + | 100 |
| NQ Expl | NQE | 19 | 0.01 | 0.01 | 0.01 | + | 100 |
| Mill City Intl | MC | 34 | 0.05 | 0.04 | 0.05 | + | 100 |
| Cassidy Gold | CDX | 56 | 0.05 | 0.03 | 0.05 | + | 100 |
| Gensource Pot | GSP | 2955 | 0.05 | 0.03 | 0.04 | – | 56.2 |
| Firebird Res | FIX | 2168 | 0.02 | 0.01 | 0.01 | – | 50 |
| Aben Res | ABN | 249 | 0.01 | 0.01 | 0.01 | – | 50 |
| Pac Comox Res | PCM | 19 | 0.01 | 0.01 | 0.01 | – | 50 |
| Deer Horn Mtls | DHM | 247 | 0.01 | 0.01 | 0.01 | – | 50 |
| Canadn Arrow | CRO | 85 | 0.01 | 0.01 | 0.01 | – | 50 |
| Aura Silver Rs | AUU | 270 | 0.02 | 0.01 | 0.01 | – | 50 |
| Habanero Res | HAO | 412 | 0.01 | 0.01 | 0.01 | – | 50 |
| Majescor Res | MJX | 122 | 0.01 | 0.01 | 0.01 | – | 50 |
| Fieldex Expl | FLX | 12 | 0.01 | 0.01 | 0.01 | – | 50 |
TSX-V greatest value change
| Company | Symbol | Change | Close | Change | |
| Kennady Diam | KDI | 47062 | 6.15 | + | 0.42 |
| Highland Res | HI | 402200 | 0.41 | + | 0.18 |
| Diamcor Mng | DMI | 19196 | 1.76 | + | 0.17 |
| Pac Coal Res | PAK | 123428 | 0.5 | + | 0.12 |
| Highway 50 Gld | HWY | 31500 | 0.4 | + | 0.12 |
| Anfield Nickel | ANF | 26385 | 2.06 | + | 0.09 |
| Tasman Metals | TSM | 339947 | 1 | + | 0.09 |
| Colt Res | GTP | 651613 | 0.43 | + | 0.09 |
| Atacama Pac Gd | ATM | 11099 | 1.12 | + | 0.08 |
| Athabasca Mnls | ABM | 852287 | 1.52 | + | 0.08 |
| Lumina Copper | LCC | 200014 | 5.32 | – | 1.13 |
| Bear Creek Mng | BCM | 209544 | 2.22 | – | 0.45 |
| Chesapeake Gld | CKG | 54463 | 3.13 | – | 0.42 |
| Aurcana Corp | AUN | 524957 | 1.86 | – | 0.27 |
| Avino Silver | ASM | 11710 | 1.17 | – | 0.23 |
| Atac Res | ATC | 323414 | 0.71 | – | 0.19 |
| Energold Drill | EGD | 177408 | 2 | – | 0.18 |
| Reservoir Mnls | RMC | 158638 | 4.5 | – | 0.18 |
| Zenyatta Vent | ZEN | 1324324 | 2.45 | – | 0.16 |
| Callinan Royal | CAA | 178550 | 1.61 | – | 0.16 |
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