TORONTO – Some of the most active companies traded Monday on the Toronto Stock Exchange:
Toronto Stock Exchange (16,981.47, down 58.73 points.)
Continental Gold Inc. (TSX:CNL). Mining. Up 52 cents, or 10.68 per cent, to $5.39 on 21.7 million shares.
Husky Energy Inc. (TSX:HSE). Energy. Down nine cents, or 0.93 per cent, to $9.58 on 11.1 million shares.
Manulife Financial Corp. (TSX:MFC). Insurance. Down five cents, or 0.19 per cent, to $26.08 on 7.7 million shares.
Aurora Cannabis Inc. (TSX:ACB). Health care. Down 10 cents, or 3.01 per cent, to $3.22 on 5.7 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Down six cents, or 0.14 per cent, to $41.37 on 5.5 million shares.
Encana Corp. (TSX:ECA). Energy. Down five cents, or 0.96 per cent, to $5.16 on 5.3 million shares.
Companies in the news:
Centerra Gold (TSX:CG). Mining. Down $1.30, or 11.44 per cent, at $10.06 on 2.2 million shares. The company says two workers are missing after a “significant rock movement” at its Kumtor mine in the Kyrgyz Republic. The company says the incident happened at the Lysii waste rock dump and that two employees working in the area did not report to the emergency gathering area. Toronto-based Centerra says it has halted open pit mining operations and the mine plan is being re-evaluated, while rock processing from stockpiles continues.
Continental Gold (TSX:CNL). A Chinese mining company has signed a friendly deal to buy Continental Gold Inc. for $1.4 billion. Zijin Mining Group Co. Ltd. has agreed to pay $5.50 per share in cash for the Toronto-based company which is developing the Buritica gold project in Colombia. Continental shares closed at $4.87 on the Toronto Stock Exchange on Friday.
Husky (TSX:HSE) is cutting its capital spending plan for 2020 and 2021 by $500 million compared with its earlier guidance due to what it called changing market conditions. The company is reducing its capital spending for 2020 by $100 million to between $3.2 billion and $3.4 billion. The spending plan for 2021 is being reduced by $400 million. Husky says average upstream production is expected to be in the range of 295,000 to 310,000 barrels of oil equivalent per day for 2020.
The Canadian Press