Junior Mining Exploration Indexes introduced
Dorothy Kosich
'27-NOV-06 09:00'
RENO, NV (Mineweb.com) --Canadian securities dealer Haywood Securities has unveiled its Junior Exploration Index (HJEI) which will track 26 junior mining companies specifically chosen for their discovery potential.
Companies selected for the index include Aurora Energy Resources (TSX: AXU), Fronteer Development Group (TSX: FRG), Aquiline Resources (TSX: AQI), Exall Resources TSX: EXL), Crosshair Exploration & Mining (CDNX: CXX), JNR Resources (CNDX: JNN), Stornoway Diamond *TSX: SWY) and Esperanza Silver (CNDX: EPZ). Other companies include Lexmark Resources (CDNX: PLE), Red Dragon Resources (CNDX: DRA), Azimut Exploration (CNDX: AZM), Hathor Exploration (CNDX: HAT), and International Nickel Ventures (TSX: INV).
Also on the list are Sacre-Coeur Miners (CNDX: SCM), Eastmain Resources (TSX: ER), Commander Resources (CNDX: CMD), Diamonds North Resources (CNDX: DDN), Diamondex Resources (CNDX: DSP), Selkirk Minerals (CNDX: SLK), and AuEx Ventures (CNDX: XAU). Rounding out the list are Shear Minerals (CNDX: SRM), Pitchstone Exploration (CNDX: PXP), Coastport Capital (CNDX: CPP), Indicator Minerals (CNDX: IME), Hudson Resources (CNDX: HUD), and Bellhaven Copper & Gold (CNDX: BHV).
Of those on the list, 12 companies reported percentage gains during a two week period ending November 20, led by Aquiline Resources with a 29% gain, Sacre-Couer Minerals, 23% gain, Selkirk Minerals, 17% gain, Fronteer Development, 14% gain and Esperanza Silver, 14% gain. The three companies that recorded the heaviest losses during that same period were Indicator Minerals (22% decrease), Commander Resources (14% decrease) and Bellhaven Copper & Gold (14% decrease).
In conjunction with their HJEI, Haywood has introduced four commodity-based indices, which include companies with advanced-stage exploration projects and/or near-term production. The Haywood Junior Precious Metals 30 Index is the only one that showed any gain during the two-week period ending November 20.
Haywood also introduced seven development-stage companies with key assets being advanced to the feasibility stage of development including Platinum Group Metals (TSX: PTM), Baffinland Iron Mines (TSX: BIM), Exeter Resource (CNDX: XRC), Freegold Ventures (TSX: ITF), Brilliant Mining (CNDX: BMC), Canadian Royalties (TSX: CZZ), and Dynasty Metals & Mining (CNDX: DMM).
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Junior Explorers
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