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Most actively traded companies on the TSX

Most actively traded companies on the TSX by The Canadian Press Posted Mar 14, 2017 3:07 pm MDT Last Updated Mar 14, 2017 at 4:20 pm MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email Some of the most active companies traded Tuesday on the Toronto Stock Exchange:Toronto Stock Exchange (15,379.61, down 165.21 points):Trevali Mining Corp. (TSX:TV). Miner. Down 0.09 of a cent, or 6.82 per cent, to $1.23 on 6.7 million shares.Yamana Gold Inc. (TSX:YRI). Miner. Down 0.09 of a cent, or 2.57 per cent, to $3.41 on 9.4 million shares.Kinross Gold Corp. (TSX:K). Miner. Down 0.06 of a cent, or 1.38 per cent, to $4.29 on 6.6 million shares.B2Gold Corp. (TSX:BTO). Miner. Down 0.27 cents, or 6.67 per cent, to $3.78 on 6 million shares.Toronto-Dominion Bank (TSX:TD). Bank. Down 0.57 cents, or 0.85 per cent, to $66.39 on 5.5 million shares.Encana Corp. (TSX:ECA). Oil and gas. Down 0.37 cents, or 2.59 per cent, to $13.90 on 5.3 million shares.Companies reporting major news:Valeant Pharmaceuticals International Inc. (TSX:VRX). Pharmaceutical. Down $1.62, or 9.99 per cent, to $14.59 on 3.1 million shares. The Laval, Que.-based company’s shares hit a seven-year low after one of its largest investors sold off all remaining stock in the drugmaker, the latest knock to what was once one of Canada’s most valuable companies. Valeant shares hit $14.15 in early trading on the Toronto Stock Exchange. That was down nearly 13 per cent from Monday’s close and the lowest level since January 2009. They partially recovered in later trading at $14.47, down $1.74 or 10.76 per cent. Pershing Square Capital Management announced Monday that it had sold its final stake in Valeant for a large tax loss. At one time, the New York-based firm headed by CEO Bill Ackman had been the largest single shareholder in Valeant and one of its most vocal defenders.Alimentation Couche-Tard Inc. (TSX:ATD.B). Convenience stores. Down $2.95, or 4.77 per cent, to $58.85 on 2.7 million shares. The Laval, Que.-based company reported stronger third-quarter net income as revenue rose 22 per cent. The convenience store operator says it had US$287 million of profits in its fiscal third quarter, up from US$274 million in the comparable period last year. Revenue at the Quebec-based company, which reports in U.S. currency, rose to $11.4 billion. That included $3.07 billion of merchandise and service revenue and $7.97 billion from fuel revenue. Couche-Tard’s net income was equal to 50 cents per share, up from 48 cents per share. read more

LKAB weighing up the prospects for crooked borehole drilling

first_imgLKAB is using a variation of conventional prospecting drilling to search for new orebodies and secure reserves for the future.Prospecting drilling will allow the iron ore miner to gain more detailed knowledge of the geometry and geochemistry of mineralisation, but this process can often be expensive in both man hours and euros.That is why this year the company started trials with crooked, or deviated, bore holes in prospect drilling.Karin Lindgren (pictured), geologist at LKAB, explains: “We can already see several advantages with crooked holes. Overall, the number of drilling metres is reduced, and we do not have to drive drifts at the outer edges of the orebody to the same extent and can reach the intended drilling locations with greater precision.”She continued: “With crooked drilling, we can reach greater depth and access the ore from different angles. The technique can be used to reach the outer boundaries of the orebody and gain a better understanding of its geometry.”Today, two drill rigs are being used and a third will soon be operational at the company’s operations, LKAB said. The company is testing the crooked-hole technique to first learn, and then evaluate, the method, it said.Anders Edlert, Project Manager for Prospecting Drilling at LKAB, said: “We want to push the boundaries and find out what can be done with this technology in this type of rock and at what cost.”He does admit drilling deviated holes comes with more friction, so drilling takes longer and currently costs nearly three times as much as conventional drilling.“We, therefore, have to press the costs and compare them against the time and resources that are needed for driving new drifts for conventional drilling,” he concluded.last_img read more