Shares of Hudbay Minerals (HBM) added C$0.38 to close at C$5.35, while Lundin Mining failed to attract interest losing C$0.05 to close at C$1.95.

Diversified miner Teck Cominco (TCK) added C$1.20 to close at C$16.30.

Shares of Blue Note Mining (BN) hit C$0.01 after the company announced that its Caribou and Restigouche zinc and lead mines in eastern Canada are being put on care and maintenance. Current zinc and lead prices make the operation unprofitable.

Shares of Alexis Minerals (AMC) jumped C$0.09 to close at C$0.395 following news of a 3.45 metre drill intercept running 6.81% copper at its project in Val d’Or, Quebec.

The big board gold miners got slammed yet again as Barrick Gold (ABX) fell C$1.11 to close at C$27.93, Goldcorp dropped C$1.05 to close at C$23.70, Kinross Gold ended the day down C$0.15 at C$12.75, Yamana Gold (YRI) gave back C$0.09 to close at 5.55 and Agnico Eagle (AEM) bucked the trend by adding C$0.61 to close at C$42.53.

Inflation versus deflation seems to be the trading story of the day, with several pundits now betting against gold as interest rates appear set to fall further. We will see what Monday trading has in store.

Source: Resource Stock Roundup Monday, October 20th, 2008

Junior explorers that have liquidity faced the brunt of the selloff with Full Metal Minerals dropping C$0.075 to close at C$0.315, Hathor Exploration (HAT) lost C$0.23 to close at C$1.50 and VMS Ventures (VMS) dropped C$0.01 to close at C$0.28. Full Metals is in the midst of the bulk sample at its Lucky Shot project in Alaska, Hathor has a nice looking uranium discovery at its MidWest NorthEast project in Saskatchewan and VMS has a high-grade base metal discovery on its Reed lake project in Manitoba.

The big board gold miners took it on the chin with Barrick Gold (ABX) falling C$4 to close at C$29.20, Goldcorp dropped C$3.41 to close at C$24.37, Kinross Gold ended the day down C$2.37 at C$12.90, Agnico Eagle (AEM) plunged C$5.28 to close at C$41.92 and Yamana Gold (YRI) gave back C$0.48 to close at 5.64.

The junior board looks set to test the 2002 lows of 890 and a break below this one would mark uncharted waters for the Venture Exchange. The historic low goes back to the VSE Index days in 1998 and 1999 when the bourse treaded water in the 400 point range. We will see what Friday trading has in store.

Source: Resource Stock Roundup Friday, October 17, 2008

For the tale of the tape, the TSX Exchange gained 2.30%, while the TSX Gold Index added an impressive 19.1% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, dropped 1.99% with the declining issuers swamping the advancers by a 660 to 315 margin on good volume of 191 million shares traded.

The trading on the junior board was all about those companies that happen to have some liquidity for the sellers. Shares of VMS Ventures, which has been posting stellar results from its Reed Lake Discovery project in Manitoba, lost C$0.035 to close at C$0.295 with nearly 1 million shares traded, and B2Gold, the once highly touted Colombian gold explorer, lost C$0.05 at C$0.45 on over 1.9 million shares traded.

Shares of Eurasian Minerals (EMX) added C$0.13 to close at C$0.85 after the junior announced trench results of 19.15% copper and 140 grams silver per tonne over 14 metres at the Champagne prospect in Haiti.

Sherwood Copper (SWC) had a rough session on no new developments. The Yukon copper miner lost C$0.32 to close at C$2.05.

The big board gold miners were the winners of the day, as Barrick Gold (ABX) added C$6.53 to close at C$40.20, Goldcorp (G) surged C$5.53 to close at C$34.36, Agnico Eagle (AEM) tacked on C$6.95 to close at C$57.20, Kinross Gold (K) climbed C$3.05 at C$18.30 and Yamana Gold (YRI) added C$1.34 to close at C$8.40.

It is all about cash preservation for the junior explorers as they try to ride out this credit crunch. A massive amount of juniors have essentially gone no bid, making it impossible to sell in any size. We will see what Thursday trading has in store.

Source: Resource Stock Roundup Thursday, October 9, 2008

For the tale of the tape, the TSX Exchange fell 2.86%, while the TSX Gold Index surged 11.4% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, rode the gold price higher by adding 0.72% with the declining issuers edging out the advancers by a 494 to 426 margin on volume of 149.5 million shares traded.

The big board gold miners rallied with Barrick Gold (ABX) adding C$4.44 to close at C$35.31, Goldcorp (GG) gained C$3.16 to close at C$32.80, Agnico Eagle (AEM) added C$6.37 to close at C$62.99 and Yamana Gold (YRI) tacked on C$0.69 to close at C$9.99.

On the Silver front, shares of Silver Standard Resource rode the gold-silver wave by adding C$3.26 to close at C$19.56.

Investors bid up shares in International Barytex Resources (IBX) as the company recently tabled a feasibility study for its Shituru copper project in the Democratic Republic of the Congo. Barytex closed at C$0.50 for a C$0.20 gain.

The latest junior to announce a share buyback was Stealth Ventures. The company says it can buy back up to 6.5 million of its shares. That sent its share price up C$0.05 at C$0.30.

Despite the big jump in the price of gold, the junior bourse is having trouble finding any traction because investors remain fearful of any paper asset. We will see what Thursday trading has in store.

Source: Resource Stock Roundup Thursday September 18, 2008