August 17, 2012 - 5:24 PM
TORONTO - Some of the most active companies traded Friday on the Toronto Stock Exchange and the TSX Venture Exchange:
Toronto Stock Exchange (12,089.89 up 57.30points):
Lake Shore Gold Corp. (TSX:LSG). Miner. Down 18 cents, or 16.22 per cent, at 93 cents on 7,988,575 shares. The company said it was increasing its previously announced bought deal offering by $15 million to $90 million. The money raised will be used to repay the company's US$50 million, three-year corporate revolving facility and for general corporate purposes.
Manulife Financial Corp. (TSX:MFC). Insurer. Down 21 cents, or 1.82 per cent, at $11.34 on 5,288,961 shares.
Viterra Inc. (TSX:VT). Grain handler. Unchanged at $16.15 on 4,147,005 shares.
Extorre Gold Mines Ltd. (TSX:XG). Miner. Down a penny, or 0.24 per cent, at $4.20 on 3,576,582 shares. Shareholders of the junior miner approved the company's merger with Yamana Gold Inc. (TSX:YRI) last Wednesday. The $400-million cash-and-stock deal was announced in June.
Mercator Minerals Ltd. (TSX:ML). Miner. Up half a cent, or 1.05 per cent, at 48 cents on 3,329,323 shares. The Vancouver-based miner posted Monday second-quarter profits of $22.1 million or nine cents per share, down from $24 million or 12 cents per share in the same period last year. Revenues were down 15 per cent to $61.3 million.
St. Augustine Gold and Copper Ltd. (TSX:SAU). Miner. Up half a cent, or 3.70 per cent, at 14 cents on 3,091,250 shares. The metals and mining sector was one of the major advancers, up 0.78 per cent to 865.62 points.
TSX Venture Exchange (1,233.42 up 12.17 points):
BSM Technologies Inc. (TSXV:GPS). Mobile technology. Up 1.5 cents, or 25 per cent, at 7.5 cents on 11,987,076 shares.
Petroamerica Oil Corp. (TSXV:PTA). Oil and gas. Up four cents, or 24.24 per cent, at 20.5 cents on 8,180,266 shares.
Companies reporting major news:
Andean American Gold Corp. (TSXV:AAG). Miner.Up half a cent, or 3.85 per cent, at 13.5 cents on 6,500 shares. The Toronto-based miner booked a loss of US$13.6-million or nine cents per share in the second quarter, mainly as a result of the writeoff of US$19.2 million on exploration properties. That is considerably higher than year-earlier loss of US$7,568 or nil per share.
News from © The Canadian Press, 2012