Most actively traded companies on the TSX TSX Venture Exchange markets

by The Canadian Press Posted Mar 8, 2013 5:36 pm MDT TORONTO – Some of the most active companies traded Friday on the Toronto Stock Exchange and the TSX Venture Exchange:Toronto Stock Exchange (12,835.61 up 9.10points):Bombardier Inc. (TSX:BBD.B). Transportation equipment. Up 12 cents, or 2.98 per cent, at $4.15 on 18,910,556 shares.Iamgold Corp. (TSX:IMG). Miner. Up 35 cents, or 5.47 per cent, at $6.75 on 9,789,871 shares. The Toronto-based company announced a $100-million reduction program earlier in the week.Eldorado Gold Corp. (TSX:ELD). Miner. Down six cents, or 0.61 per cent, at $9.78 on 7,289,397 shares. The gold sector was up 0.06 per cent to 251.77 points, as the price of the bullion closed US$1.80 higher to US$1,576.90 an ounce on the New York Mercantile Exchange.Kelt Exploration Ltd. (TSX:KEL). Oil and gas. Up 69 cents, or 12.02 per cent, at $6.43 on 7,094,676 shares. The junior oil and gas company announced a $61.05-million brokered private placement. The money raised will be used to pay down existing debt, fund ongoing exploration and development activities, potential asset acquisitions and for general working capital purposes.Uranium One Inc. (TSX:UUU). Miner. Down two cents, or 0.72 per cent, at $2.75 on 6,668,937 shares. Shareholders of the company approved a deal Thursday that will see the its largest shareholder take the company private.Talisman Energy Inc. (TSX:TLM). Oil and gas. Down seven cents, or 0.56 per cent, at $12.44 on 5,779,900 shares.TSX Venture Exchange (1,117.85 up 1.62 points):Northcore Resources Inc. (TSXV:NCR). Mine developer. Unchanged at two cents on 7,955,900 shares.Canadian Overseas Petroleum Ltd. (TSXV:XOP). Oil and gas. Down a penny, or 4.35 per cent, at 22 cents on 4,914,905 shares.Companies reporting major news:Brookfield Asset Management Inc. (TSX:BAM.A). Money manager. Down 13 cents, or 0.33 per cent, at $39.65 on 1,543,829 shares. Wall Street Journal is reporting that the Brazilian operations of Brookfield Asset Management are under investigation by the U.S. Securities and Exchange Commission over allegations that it used bribes to get approval for construction deals.First Quantum Minerals Ltd. (TSX:FM). Miner. Up $1.19, or 6.19 per cent, at $20.42 on 2,916,929 shares. The Vancouver-based company said it has received regulatory approval under the Investment Canada Act for its $5.1-billion hostile takeover offer for Inmet Mining Corp. (TSX:IMN). Inmet has rejected the offer and recommended shareholders reject the bid, but has waived the application of a shareholder rights plan after a review of strategic alternatives.SNC-Lavalin (TSX:SNC). Engineering. Down $2.84, or 6.19 per cent, at $43.01 on 2,097,892 shares. The engineering and construction firm raised its quarterly dividend by a penny to 23 cents per share as fourth-quarter profits increased to $94.6 million or 63 cents per share versus $76.13 million or 50 cents per share while revenue increased 15 per cent. SNC-Lavalin’s former chief executive is facing accusations of fraud. AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email Most actively traded companies on the TSX, TSX Venture Exchange markets read more

Presink of Shaft 2 at Ivanhoes Platreef underground project months away

first_imgIn a review of exploration and development activities in 2018, Ivanhoe Mines has gone into some detail on developments at Shaft 2 at the Platreef PGM-nickel-copper-gold project on the northern limb of South Africa’s Bushveld Complex.This follows a project update issued just after the Mining Indaba event in February.Shaft 1, expected to reach its final depth of 982 m below surface in early 2020, will ultimately become the primary ventilation shaft during the project’s initial 4 Mt/y production case, but Shaft 2, around 100 m northeast of Shaft 1, will provide primary access to the mining zones.Ivanhoe said Shaft 2 will have an internal diameter of 10 m, will be lined with concrete and sunk to a planned, final depth of more than 1,104 m below surface.It will be equipped with two 40-t rock-hoisting skips capable of hoisting a total of 6 Mt/y of ore – the single largest hoisting capacity at any mine in Africa. The headgear for the permanent hoisting facility was designed by South Africa-based Murray & Roberts Cementation.Ivanhoe said nine blasts were successfully completed in 2018 enabling the excavation of Shaft 2’s box cut to a depth of approximately 29 m below surface and the construction of the concrete hitch (shaft collar foundation) for the 103-m-tall concrete headgear (preparations pictured here) that will house the shaft’s permanent hoisting facilities and support the shaft collar.Excavation of the box cut and construction of the hitch foundation is expected to be completed in the June quarter, enabling the beginning of the pre-sink, that will extend 84 m below surface, it said.In July 2017, Ivanhoe, which indirectly owns 64% of the Platreef project through its subsidiary, Ivanplats, issued an independent, definitive feasibility study (DFS) for Platreef covering the first phase of production at an initial mining rate of 4 Mt/y. The DFS estimated Platreef’s initial, average annual production rate would be 476,000 oz of platinum, palladium, rhodium and gold, plus 21 MIb (9,525 t) of nickel and 13 MIb (5,897 t) of copper.last_img read more