With just the energy subindex in the red at day’s end, the Toronto Stock Exchange tacked on 88.72 points to end Monday’s trading session at 7,099.27. The gold index climbed 1.68 points to 168.27, as the base metal miners found 1.55 points to hit 131.99.
Wheaton River Minerals remained the most traded Canadian miner, ending unchanged again at $1.56 on about 2.9 million shares. The company joined the TSX’s composite index at the end of Friday’s trading session.
Crystallex International was next, ending unchanged at $2.34 on about 1.7 million shares. Media reports of Crystallex’s CEO, Marc Oppenheimer, attending Glamis Gold‘s annual meeting in recent weeks have sparked takeover rumours. For their part, shares in mid-tier Glamis ended 8 poorer at $15.68.
Ivanhoe Mines placed third, grabbing 13 to reach $3.45 on more than 1.7 million shares. Ivanhoe recently cited positive indications for its copper and gold mining projects from last week’s Ulaanbaatar summit between Mongolian President Natsagiyn Bagabandi and Chinese President Hu Jintao.
Mid-tier producer Agnico Eagle Mines grabbed 8 to end at $15.69. On Monday, Agnico said that it has completed the acquisition of Breakwater Resources‘ stake in the Lapa high-grade gold property, 7 miles east of LaRonde in northwestern Quebec, for US$9 million plus 2 net smelter royalties. For their part, Breakwater shares finished 1.5 richer at 19.5.
Inco was the most traded base metal miner after Ivanhoe, gaining 3 to $27.93. On Friday, an Ontario court granted Inco an injunction allowing management and staff to cross picket lines at its Sudbury, Ontario, nickel-copper operation.
In the junior ranks, Platinova Resources dropped a penny to 2.5 after announcing that a proposed business combination with Scandinavian Gold Prospecting has been axed. The company says that funds to complete the deal have made themselves scarce.
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