The S&P/TSX Venture Composite couldn’t break out of its funk during the shortened trading week, as it dropped 2.1%, or 17 points, en route to an 810.13-point close. Commodity futures rallied slightly, though energy prices continue to struggle.
Gold futures closed in the green for a second straight week after December contracts for bullion gained US$9 before closing at US$1,239 per oz.
Energy futures are floundering, with December contracts for West Texas Intermediate crude oil dropping 3.4% en route to a US$82.06-per-barrel close.
December contracts for copper lost 1.25%, or US3.8¢, before closing at US$3 per lb.
Kennady Diamonds topped the value-added category during the week by gaining 40¢ on 132,732 shares traded before closing at $5.87 per share. On Oct. 14 the company released a revised tonnage estimate at its Kennady North diamond project in the Northwest Territories after an expansion drill program.
Kennady increased its tonnage guidance for the Kelvin-Faraday kimberlite corridor from between 7 million and 10 million tonnes to 9 million and 12 million tonnes. Since finishing northern drill hole 14-55 — which intersected 215 metres of kimberlite — seven diagonal delineation holes have been drilled along strike of the Kelvin pipe. To date, 15,300 metres have been drilled at the Kelvin kimberlite as part of a 2014 second-half drill program.
West Africa-focused Roxgold had a busy trading week after announcing a $30-million bought-deal financing to advance development at its Yaramoko gold project in Burkina Faso. The company saw 3.7 million of its shares traded as it gained 8¢ en route to a 75¢-per-share close.
On Oct. 14 the company announced it was issuing 46.2 million units at 65¢ each through a dealer syndicate. Each unit consists of a share and half of warrant, with one whole warrant allowing the holder to buy a share for 90¢ within 15 months after the closing.
Great Quest Fertilizer had a strong week after announcing a new operating partner at its Tilemsi phosphate project in northeastern Mali, with the deal also including a financing element. The company jumped 19¢ during the trading period before closing at $1.15 per share.
On Oct. 17 Great Quest reported a partnership with Mali-based Société Africaine de Développement Agricole (SADA) to build and operate its initial Malian production facility. The company and SADA will incorporate a new Malian corporation contributing 67% and 33% of the capital. SADA will buy 95% of the project’s production.
TSX-V most active issues
| Volume | |||||||
| Company | Symbol | (000s) | High | Low | Close | Change | |
| Canadn Arrow | CRO | 4139 | 0.01 | 0.01 | 0.01 | 0 | |
| Roxgold | ROG | 3732 | 0.75 | 0.6 | 0.75 | + | 0.08 |
| Baja Mng | BAJ | 3494 | 0.05 | 0.04 | 0.04 | – | 0.01 |
| Taipan Res | TPN | 3443 | 0.34 | 0.24 | 0.29 | – | 0.05 |
| Banyan Gold | BYN | 3038 | 0.06 | 0.02 | 0.05 | + | 0.02 |
| Northern Lion | NL | 2690 | 0.02 | 0.01 | 0.01 | – | 0.01 |
| Canada Carbon | CCB | 2363 | 0.23 | 0.2 | 0.21 | – | 0.03 |
| Alabama Graph | ALP | 2335 | 0.22 | 0.18 | 0.2 | – | 0.02 |
| NWM Mng | NWM | 2290 | 0.01 | 0.01 | 0.01 | 0 | |
| Lomiko Mtls | LMR | 2261 | 0.07 | 0.06 | 0.06 | – | 0.01 |
TSX-V greatest percentage change
| Volume | |||||||
| Company | Symbol | (000s) | High | Low | Close | Change | |
| Tosca Mng | TSQ | 32 | 0.1 | 0.06 | 0.06 | + | 450 |
| Millstream Min | MLM | 41 | 0.03 | 0.03 | 0.03 | + | 400 |
| Eastern Merid | EME | 70 | 0.05 | 0.05 | 0.05 | + | 400 |
| Actus Mnls | AAC | 50 | 0.12 | 0.06 | 0.12 | + | 300 |
| Jet Gold | JAU | 103 | 0.13 | 0.1 | 0.13 | + | 188.8 |
| China Mnls Mng | CMV | 1363 | 0.01 | 0.01 | 0.01 | + | 100 |
| Sendero Mng | SM | 72 | 0.01 | 0.01 | 0.01 | + | 100 |
| Kermode Res | KLM | 317 | 0.01 | 0.01 | 0.01 | + | 100 |
| Golden Hope | GNH | 117 | 0.01 | 0.01 | 0.01 | + | 100 |
| Monster Mng | MAN | 15 | 0.01 | 0.01 | 0.01 | + | 100 |
| Caribou King R | CKR | 1155 | 0.01 | 0.01 | 0.01 | – | 50 |
| Opawica Expl | OPW | 959 | 0.02 | 0.01 | 0.01 | – | 50 |
| Nebu Res | NBU | 81 | 0.04 | 0.02 | 0.02 | – | 50 |
| Northern Lion | NL | 2690 | 0.02 | 0.01 | 0.01 | – | 50 |
| Mammoth Res | MTH | 470 | 0.03 | 0.02 | 0.02 | – | 50 |
| Artha Res | AHC | 735 | 0.01 | 0.01 | 0.01 | – | 50 |
| Maudore Minls | MAO | 543 | 0.01 | 0.01 | 0.01 | – | 50 |
| Hinterland Mtl | HMI | 81 | 0.03 | 0.02 | 0.02 | – | 50 |
| IEMR Res | IRI | 20 | 0.01 | 0.01 | 0.01 | – | 50 |
| Blind Crk Res | BCK | 59 | 0.01 | 0.01 | 0.01 | – | 50 |
TSX-V greatest value change
| Company | Symbol | Change | Close | Change | |
| Kennady Diam | KDI | 132732 | 5.87 | + | 0.4 |
| Tsodilo Res | TSD | 25000 | 1.1 | + | 0.28 |
| Probe Mines | PRB | 178014 | 2.45 | + | 0.26 |
| Great Quest Me | GQ | 75072 | 1.15 | + | 0.19 |
| Avino Silver | ASM | 99686 | 1.62 | + | 0.16 |
| Flinders Res | FDR | 422475 | 0.66 | + | 0.16 |
| Arian Silver | AGQ | 19594 | 0.65 | + | 0.15 |
| Midland Expl | MD | 20200 | 0.89 | + | 0.1 |
| Tasman Metals | TSM | 72635 | 0.72 | + | 0.1 |
| EPM Mng Vent | EPK | 573480 | 0.31 | + | 0.1 |
| Reservoir Mnls | RMC | 348253 | 3.8 | – | 0.23 |
| Chesapeake Gld | CKG | 18731 | 2.46 | – | 0.21 |
| Gold Reserve | GRZ | 27786 | 4.15 | – | 0.15 |
| Mason Graphite | LLG | 427168 | 0.56 | – | 0.13 |
| Brazil Res | BRI | 679981 | 0.63 | – | 0.11 |
| Rhyolite Res | RYE | 110000 | 0.21 | – | 0.11 |
| Bacanora Mnls | BCN | 57080 | 0.78 | – | 0.1 |
| Nighthawk Gold | NHK | 98000 | 0.4 | – | 0.1 |
| Newstrike Cap | NES | 200094 | 1.01 | – | 0.09 |
| Athabasca Mnls | ABM | 824527 | 1.29 | – | 0.09 |
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