U.S. equities jumped on Nov. 29, with a positive employment report. Better-than-expected data from the U.S. Labor Department showed the country added 203,000 jobs to non-farm payrolls in November and the unemployment rate dropped to 7% — a five-year low. Nevertheless, the markets ended an eight-week winning streak, with the Dow Jones Industrial Average slipping 0.41%, or 66.21 points, to 16,020.20, and the S&P 500 down 0.04%, or a 0.72 point, to 1,805.09. The Philadelphia Gold & Silver Index fell 6.55%, or 5.66 points, to 80.80.
Rio Tinto shares climbed US79¢ to US$53.84 per share. The company updated shareholders at an investment seminar in Sydney on Dec. 3, noting that in the 10 months leading to October, it delivered a US$1.8-billion improvement in operating costs and is on track to achieve its US$2-billion target for 2013. Rio also cut spending on exploration and evaluation during the 10-month period by US$800 million — exceeding its US$750-million target. The company forecasts capital expenditures this year will come in at below US$14 billion — a 20% reduction compared to 2012 — and says that by year-end it will have announced or completed US$3.3 billion in non-core asset divestments.
Mountain Province Diamonds was up 10%, or US49¢ per share to US$5.31, on news that the Mackenzie Valley Land and Water Board has approved a land-use permit for the Gahcho Kué diamond mine, which allows the company and its joint-venture partner and operator De Beers Canada to start land-based site works for deliveries planned for the winter road season in 2014. The approval allows full construction, after Gahcho Kué receives the full land-use permit and water licence expected in 2014.
Gahcho Kué is expected to have an 11-year mine life and extract 32 million tonnes containing 49 million carats. The partners are updating a 2010 feasibility study, and the companies should announce the results of an optimization study early next year.
U.S. most active issues
| Volume | |||||||
| Company | Symbol | (000s) | High | Low | Close | Change | |
| Alcoa* | AA | 122261 | 9.65 | 9.31 | 9.36 | – | 0.25 |
| Barrick Gold* | ABX | 92385 | 16.48 | 15.26 | 15.4 | – | 1.09 |
| Alpha Nat Res* | ANR | 61159 | 7.11 | 6.57 | 6.57 | – | 0.11 |
| Newmont Mng* | NEM | 58906 | 24.6 | 22.97 | 23.02 | – | 1.61 |
| Arch Coal* | ACI | 50901 | 4.6 | 4.04 | 4.27 | + | 0.19 |
| Goldcorp* | GG | 45104 | 22.09 | 20.74 | 21.06 | – | 1.4 |
| Freeport McMo* | FCX | 42888 | 34.92 | 33.81 | 34.25 | – | 0.44 |
| Kinross Gold* | KGC | 42011 | 4.71 | 4.47 | 4.54 | – | 0.17 |
| Peabody Enrgy* | BTU | 39504 | 19.54 | 18.05 | 18.64 | + | 0.44 |
| Gold Fields* | GFI | 37668 | 3.97 | 3.5 | 3.55 | – | 0.46 |
U.S. greatest percentage change
| Volume | |||||||
| Company | Symbol | (000s) | High | Low | Close | Change | |
| Oxford Res P* | OXF | 50 | 1.46 | 1.1 | 1.36 | + | 19.3 |
| Mountain Prov* | MDM | 118 | 5.38 | 4.8 | 5.31 | + | 10 |
| Cloud Peak En* | CLD | 892 | 18.21 | 16.39 | 17.88 | + | 8.1 |
| Dejour Enterp* | DEJ | 568 | 0.12 | 0.09 | 0.12 | + | 8.1 |
| Turquoise HIl* | TRQ | 4786 | 4.43 | 3.19 | 3.35 | + | 7.7 |
| Hi-Crush Part* | HCLP | 120 | 33.7 | 30.9 | 33.7 | + | 6.9 |
| Walter Energy* | WLT | 5815 | 16.02 | 14.06 | 15.17 | + | 6.6 |
| Uranerz Energ* | URZ | 3421 | 1.25 | 1.08 | 1.17 | + | 6.3 |
| Atlatsa Res* | ATL | 597 | 0.52 | 0.43 | 0.51 | + | 5.2 |
| US Energy* | USEG | 1006 | 3.53 | 3.24 | 3.38 | + | 4.9 |
| Exeter Res* | XRA | 335 | 0.65 | 0.5 | 0.5 | – | 22.9 |
| Rio Alto Mng* | RIOM | 126 | 1.52 | 1.26 | 1.27 | – | 21.1 |
| Thompson Crk* | TC | 2069 | 2.82 | 2.1 | 2.25 | – | 19.9 |
| Augusta Res* | AZC | 135 | 1.71 | 1.2 | 1.37 | – | 19.4 |
| Tanz Roy Exp* | TRX | 1418 | 2.11 | 1.75 | 1.78 | – | 17.2 |
| North Am Pall* | PAL | 12092 | 0.49 | 0.38 | 0.39 | – | 17.1 |
| Rubicon Mnls* | RBY | 6678 | 0.98 | 0.78 | 0.82 | – | 17 |
| Fortuna Silvr* | FSM | 1243 | 3.35 | 2.78 | 2.86 | – | 15.3 |
| Mag Silver* | MVG | 66 | 5.9 | 5.12 | 5.13 | – | 14.9 |
| Brigus Gold* | BRD | 284 | 0.66 | 0.56 | 0.57 | – | 13.5 |
U.S. greatest value change
| Company | Symbol | Change | Close | Change | |
| Alliance Rs P* | ARLP | 312347 | 75.57 | + | 2.3 |
| Hi-Crush Part* | HCLP | 120427 | 33.7 | + | 2.2 |
| Compass Mnls* | CMP | 169899 | 72.92 | + | 1.37 |
| Cloud Peak En* | CLD | 892457 | 17.88 | + | 1.34 |
| Consol Energy* | CNX | 10676288 | 36.59 | + | 1.01 |
| Walter Energy* | WLT | 5815360 | 15.17 | + | 0.94 |
| Rio Tinto* | RIO | 2527618 | 53.84 | + | 0.79 |
| US Silica Hld* | SLCA | 1622433 | 35.24 | + | 0.73 |
| Cabot Corp* | CBT | 1093238 | 49.44 | + | 0.64 |
| Mountain Prov* | MDM | 118220 | 5.31 | + | 0.49 |
| Randgold Res* | GOLD | 4233915 | 65.44 | – | 5.31 |
| Franco-Nevada* | FNV | 5047036 | 37.39 | – | 2.9 |
| Agnico-Eagle* | AEM | 12156049 | 25.45 | – | 2.09 |
| Newmont Mng* | NEM | 58906414 | 23.02 | – | 1.61 |
| Tahoe Res* | TAHO | 194102 | 16.18 | – | 1.6 |
| AngloGold Ash* | AU | 17938257 | 12.02 | – | 1.57 |
| Goldcorp* | GG | 45104249 | 21.06 | – | 1.4 |
| Alamos Gold* | AGI | 1570840 | 11.49 | – | 1.33 |
| CVR Partners* | UAN | 157429 | 16.29 | – | 1.24 |
| Silver Wheatn* | SLW | 30036593 | 19.83 | – | 1.11 |
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