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As if the Canadian resource markets needed another “external” market variable to drive volatility, the annual "Russell 3000 Rebalance” occurs on Friday at market close.

Some notable names from our universe to pass along below with relative “addition/ deletion” amounts.

Russell 3000 deletions:

Uranerz- URZ- 5.9M shares for sale…1900% of the ADV (coming out of index)
United Antimony- UAMY 4.8M shares for sale….3200% of the ADV (coming out of index)
McEwen Mining– MUX- 19.9M shares for sale…720% of the ADV (coming out of index)
Vista Gold- VGZ- 5.6M shares for sale….1280% of ADV. (coming out of index)
Midway Gold- MDW- 1.5M shares for sale….289% of ADV (not coming out of index but being rebalanced)
Goldenstar Resources- GSS 23.8M shares for sale….800% of ADV

Russell 3000 additions:

UR Energy- URG- 10.9M shares to buy…2800% of ADV (added to index)
Tahoe Resources- THO- 134k shares to buy….180% of ADV
Allied Nevada- ANV- 5.1M shares to buy…160% of ADV
Gold Resources- GORO- 200k shares to buy.

Russell publishes the names that are coming out of their “Global” index but not the actual share amount.

http://www.russell.com/indexes/tools-resources/reconstitution/reconstitution-changes.asp

Russell Global Additions:

Argent Energy
Cequence
Crocotta
Kelt
Mandalay
Platinum Group Metals
Shamaran
Tembec
Western Forest Products

Russell Global Deletions:

Alderon
Angle
Arcan
Asanko
Bear Creek
Belo Sun
Colossus
Copper Mountain
Eastern Platinum
Fortress Paper
Gasfrac
Great Panther
International Tower Hill
Lake Shore
Luna Gold
Lydian
Midas
New Zealand Energy
Petrobank
Pinecrest
Renegade Petroleum
Sabina
San Gold
Sierra Metals
TAG Oil
Teranga
Veris