Stock movers for the week of January 13, 2013:
On Monday,
Perseus Mining Ltd. (
TSX: T.PRU,
Stock Forum) rose 21.7% to 36.5 cents after the resource company reported preliminary
operating highlights at its Edikan gold mine in Ghana during the three months and six months ending Dec. 31, 2013
Enterprise Group, Inc. (
TSX: T.E,
Stock Forum) was up 2.6% to 78 cents. The stock is reacting to news that the trucking and heavy equipment company has made
significant advancements towards integrating the newly-acquired Hart Oilfield Rentals Ltd., an oilfield service provider.
On Tuesday,
Bayhorse Silver Inc. (
TSX: V.BHS,
Stock Forum) soared 38.9% to 12.5 cents on new
assay results received from the recently acquired Bayhorse mine silver property in eastern Oregon. Of the 21 selected hand samples taken, 11 assayed greater than 100 grams per tonne silver with some containing bonanza grades of more than 10,000 grams per tonne silver.
Alexandria Minerals Corp. (
TSX: V.AZX,
Stock Forum) gained 28.6% to 4.5 cents after the resource junior announced that it has executed and closed a definitive
asset purchase agreement and a 2.0% net smelter return royalty (NSR) agreement with Agnico-Eagle Mines Ltd. (
TSX: T.AEM,
Stock Forum), on Jan. 13, 2014. Pursuant to the terms of the asset purchase agreement, Alexandria has sold to Agnico the mineral rights to the West Zone gold-copper property comprising 14 mining claims located in Bourlamaque and Louvicourt Townships, Quebec, for $5.0 million cash.
On Wednesday,
Geomega Resources Inc. (
TSX: V.GMA,
Stock Forum) soared 118.2% to 24 cents as investors assessed news the mining junior had announced the successful conclusion of tests confirming
physical separation of rare earth elements (REE).
According to the press release, GéoMégA's physical separation process has the potential to dramatically reduce the capital required to build separation facilities compared to conventional techniques, optimize REE recovery and improve the environmental performance of operations.
Paladin Energy Ltd. (
TSX: T.PDN,
Stock Forum) rose 13% to 52 cents after the uranium miner provided its
quarterly activities report for the three-month period ended Dec. 31, 2013. Highlights included sales revenue of US$101.75 million for the quarter and selling of 2.8 million pounds of U3O8 at average price of US$36.67 per pound.
In Thursday trading,
Cangold Ltd. (
TSX: V.CLD,
Stock Forum) soared 40% to seven cents after announcing that it has signed a letter of intent whereby Cangold will be granted an option to acquire from Vista Gold Corp. (
TSX: T.VGZ,
Stock Forum), up to a 100% interest (subject to certain underlying royalties) in the mining rights to the Guadalupe de los Reyes project in Sinaloa, Mexico.
First Nickel Inc. (
TSX: T.FNI,
Stock Forum) was up 60% to four cents. The mining and exploration company provided its 2013
preliminary production results and outlook with respect to 2014 production and costs. In 2013 the company achieved full production at the Lockerby Mine in Ontario's Sudbury Basin and in 2014 the outlook calls for production of between 13.5 and 15.1 million pounds of contained nickel, a 12% increase (mid-point) over 2013.
And, on Friday,
Excelsior Mining Corp. (
TSX: V.MIN,
Stock Forum) soared 300% to 48 cents after the junior miner announced the results of a comprehensive
pre-feasibility study (PFS) on the North Star deposit of the Gunnison copper project, located in southern Arizona.
Paladin Energy Ltd. (
TSX: T.PDN,
Stock Forum) gained 12.2% to 55 cents after the uranium-focused company reported it has entered into agreements with its lenders to refinance the Langer Heinrich (LH) and the Kayelekera project finance facilities. This
new facility will provide significant cash flow benefits to both projects and leaves Paladin in a much stronger financial position.