Canadian stocks were mostly higher on Wednesday, paced by the nation’s mining shares.
The S&P/TSX Composite Index (THE:CA:$ISPTX) was up 1.2% at 13,907.
The S&P/TSX Capped Diversified Metals & Mining Index (THE:CA:TTMN) was up 3.15% at 1,463.
The S&P/TSX Composite Index (THE:CA:$ISPTX) was up 1.2% at 13,907.
Among significant mining movers, Quadra FNX Mining Ltd. (THE:CA:QUX) was up 10.2% after the company reported strong first-quarter production results, while Pan-American Silver (NASDAQ:PAAS) was up 3.7% after it said the Bolivian government’s move to seize control of a number of privately operated mines has not affected the company’s San Vicente mine
First Quantum Minerals Ltd. (THE:CA:FM) was up 7.2%; Thompson Creek Minerals (THE:CA:TCM) was up 3.8%; Grande Cache Coal Corp. (THE:CA:GCE) picked up 4.2%; and Taseko Mines Ltd. (THE:CA:TKO) rose 3.3%.
Gold stocks also moved higher on the session, as gold for June delivery (COMMODITIES:GCM11) added 80 cents to trade at $1,499.90 an ounce on the Comex division of the New York Mercantile Exchange.
Royal Gold (THE:CA:RGL) was up 2.7%; Osisko Mining Corp. (THE:CA:OSK) added 3%; and Franco-
Nevada Corp. (THE:CA:FNV) was up 2.4%.
In the energy group, Suncor Energy (THE:CA:SU) was up 3.2%, while Cenovus Energy Inc. (THE:CA:CVE) added 2.5%.
Among tech firms, Research In Motion Ltd. (THE:CA:RIM) was up 2.4%, a day after the release of its Playbook computer tablet.
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