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From: B-Haile (eritrea.lave@comhem.se)
Date: Fri Dec 31 2010 - 14:52:40 EST
4. Nevsun Resources Ltd.
"Nevsun Resources Ltd.'s (NSU-T7.480.263.60%) Bisha mine was commissioned late this year and should start producing commercial gold within months - just in time to profit from near-record high gold prices. The project is positioned to become the first modern day mine in Eritrea, Africa. Nevsun was up 190 per cent this year."
Year in Review
The 10 best-performing S&P/TSX index stocks of 2010
Darcy Keith
Published Thursday, Dec. 30, 2010 5:09PM EST
Last updated Friday, Dec. 31, 2010 12:06PM EST
1. TransGlobe Energy Corp.
TransGlobe Energy Corp. (TGL-T15.68-0.28-1.75%) is a Calgary-based oil and gas exploration and development company with operations in the Middle East. While the stock has been flying under a lot of radar screens, it's made a tidy sum for investors this year - up 355 per cent up until Dec. 30. The company said in mid-December it should exceed its targeted exit rate this year of 11,000 barrels of oil per day and expects to ramp up output by at least another couple thousand barrels next year.
(Note: All rankings and year-to-date returns based on Bloomberg data and include dividends)
2. Western Coal Corp.
Investors can only now wish they got a lump of coal last Christmas. Demand for the commodity returned with vengeance in 2010 and both coal prices and the urge to merge surged. Western Coal Corp. (WTN-T12.35-0.05-0.40%) was the biggest beneficiary on the S&P/TSX, thanks to Walter Energy Corp.'s $3.3-billion takeover of the company. The stock gained an impressive 279 per cent this past year.
3. First Majestic Silver Corp.
First Majestic Silver Corp. (FR-T14.460.624.48%) joined the S&P/TSX composite index just before Christmas and has more than tripled in value since late summer. With some analysts expecting silver to soon steal the spotlight from gold, First Majestic has turned on investors with its business plan of becoming a senior silver producer. The stock has gained 242 per cent this year.
4. Nevsun Resources Ltd.
Nevsun Resources Ltd.'s (NSU-T7.480.263.60%) Bisha mine was commissioned late this year and should start producing commercial gold within months - just in time to profit from near-record high gold prices. The project is positioned to become the first modern day mine in Eritrea, Africa. Nevsun was up 190 per cent this year.
5. Fronteer Gold Inc.
Bullion stocks were sizzling in 2010 as the commodity reached new heights and Fronteer Gold Inc. (FRG-T11.670.121.04%) led the pack on Canada's benchmark index. The exploration and development company has a number of projects in Nevada, and this summer bought AuEx Ventures Inc. to consolidate ownership of the advanced-stage Long Canyon project. Fronteer was up 180 per cent for the year.
6. Dundee Precious Metals Inc.
With gold and other metals soaring, Dundee Precious Metals Inc. (DPM-T9.47-0.01-0.11%) - which has assets scattered throughout the globe in far-off places like Bulgaria and Namibia - has caught the attention of investors. The company is focused on growth through not only finding new deposits, but financing and operating them as well. Dundee rose 166 per cent this year.
7. Denison Mines Corp.
Uranium spiked dramatically in the second half of the year, sparking renewed interest in Canadian producer and explorer Denison Mines Corp. (DML-T3.42-0.02-0.58%). With the shift towards greener energy worldwide and China's plans to double its nuclear capacity, investors are betting Denison is in the right business at the right time. The stock rose 160 per cent in the past year.
8. Air Canada
With the economy on a stronger footing, people are flying again (and the bone-chilling cold across much of the continent is certainly helping). Our largest airline, Air Canada (AC.B-T3.440.010.29%), has made considerable progress on cost cutting and improving customer service, and investors have been rewarded with a 159 per cent return in the past year.
9. New Gold Inc.
An intermediate gold mining company with mines in the U.S., Mexico, and Australia, New Gold Inc. (NGD-T9.700.030.31%) has also enticed investors with its portfolio of development and exploration assets in North and South America. The stock rose 154 per cent in the past year.
10. Anatolia Minerals Development Ltd.
Anatolia Minerals Development Ltd. (ANO-T7.810.202.63%) is a junior miner exploring in Turkey that bulked up in size this past year through its acquisition of Avoca Resources Ltd. of Perth. Together, they hold a number of exploration portfolios in both Australia and Turkey. Anatolia rose 152 per cent in the past year.
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