TORONTO – Some of the most active companies traded Wednesday on the Toronto Stock Exchange and the TSX Venture Exchange:
Toronto Stock Exchange (14,459.11 up 78.56 points):
Osisko Mining Corp. (TSX:OSK). Miner. Up 47 cents, or 6.83 per cent, to $7.35 on 39.1 million shares. The company, which has been fighting a hostile takeover attempt by Goldcorp, has struck a friendly deal with Yamana Gold Inc. and two of Canada’s largest pension funds that values the company at about $3.4 billion. The deal will see Yamana acquire a 50 per cent stake in Osisko’s mining and exploration assets including the gold miner’s flagship Canadian Malartic mine in Quebec.
Yamana Gold Inc. (TSX:YRI). Miner. Down 23 cents, or 2.37 per cent, to 7.8 million shares.
Fortis Inc. (TSX:FTS.IR). Utilities. Up five cents, or 0.15 per cent, to $34.00 on 6.7 million shares.
Twin Butte Energy Ltd. (TSX:TBE). Oil and gas. Up six cents, or 2.69 per cent, to $2.29 on 5.2 million shares.
Goldcorp Inc. (TSX:G). Miner. Up 53 cents, or 1.96 per cent, to $27.61 on 4.8 million shares.
Kinross Gold Corp. (TSX:K). Miner. Up 11 cents, or 2.40 per cent, to $4.70 on 4.6 million shares.
Toronto Venture Exchange (1,006.29 up 5.36 points):
True North Gems Inc. (TSXV:TGX). Miner. Unchanged at seven cents on 9.9 million shares.
Thelon Capital Ltd. (TSXV:THC). Up two cents, or 16.67 per cent, to 14 cents on 7.6 million shares.
Companies reporting major news:
Agrium Inc. (TSX:AGU). Agriculture. Down $1.45, or 1.35 per cent, to $106.09 on 562,079 shares. The company says it expects only a slim profit in the first quarter, just above the break-even point. Analysts have been expecting Agrium’s profit for the first quarter of 2014 to well above break-even, although down from a year ago.
BlackBerry Ltd. (TSX:BB). Communication equipment. Up 11 cents, or 1.23 per cent, to $9.05 on 1.7 million shares. The company is ending its U.S. licensing deal with T-Mobile, saying the companies no longer have complementary strategies. The disconnect appears to be related to a T-Mobile promotion that BlackBerry took issue with last month.
Imperial Oil Ltd. (TSX:IMO). Oil and gas. Down 26 cents, or 0.50 per cent, to $51.60 on 718,034 shares. The company says 22 refineries — including one in Malaysia — have processed crude from its Kearl oilsands mine, which uses a proprietary technology to remove the “heaviest, gooiest” parts of the bitumen before it’s put in a pipeline. Also Wednesday, the company said the mine in northern Alberta produced about 70,000 barrels of crude per day during the first quarter of this year — still a ways from its design capacity of 110,000 barrels.
Laurentian Bank of Canada (TSX:LB). Bank. Down two cents, or 0.04 per cent, to $47.15 on 48,982 shares. The head of Laurentian Bank says the risk of another referendum in Quebec is rattling some of its shareholders, but Rejean Robitaille says the bank will continue to grow regardless of the party in power — the Liberals or Parti Quebecois — following next week’s provincial election. Polls suggest the Liberals are leading as the campaign comes to a close, but Robitaille says the possibility of the PQ winning a majority has created some uncertainty, especially among investors based in the rest of Canada and in the United States.
Mega Brands Inc. (TSX:MB). Toymaker. Up two cents, or 0.11 per cent, to $17.72 on 3,252 shares. Mega Brands’ founding family stands to receive more than $74 million if the toy company’s sale to global giant Mattel is approved by shareholders at the end of the month, according to a regulatory filing. Chairman Victor Bertrand, who started the company nearly 50 years ago, would receive $41 million for his 2.3 million shares. Chief executive Marc Bertrand would collect $18.4 million, while chief innovation officer Vic Bertrand Jr. would get $14.9 million.