Toronto's main market climbed on Monday on the back of some strong China exports data released over the weekend.
In corporate activity, TransGlobe Energy Corp. (TSE:TGL), a Canadian oil producer focused on Egypt, sank 6.4% to C$9.11 after reporting lower output levels in the middle of the current quarter.
Equal Energy Ltd. (TSE:OXC), an oil and natural-gas producer with assets in Canada and the U.S., wavered between gains and losses. The Calgary-based company agreed to a takeover deal from Petroflow Energy Corp. and Petroflow Canada Acquisition Corp. for about $195 million.
Talisman Energy Inc. (TSE:TLM), the oil and natural gas producer focused on the Americas and Southeast Asia, slid 0.3% to C$12.5, reversing earlier gains. Talisman and Colombia’s state-owned oil company, Ecopetrol S.A. (NYSE:EC), declared the commercial viability of an oil area they have been exploring together.
Serinus Energy (TSE:SEN)(WARSAW:SEN) shares sunk to their lowest point in almost a month after the oil and gas company said that it is suspending its Luba-1 exploration well in Brunei after unsuccessful drilling.
In materials, Guyana Goldfields Inc. (TSE:GUY), a metals exploration company, jumped 3.75% to C$1.66 after saying its board has approved $238 million of spending for the Aurora Gold (OTCMKTS:ARXG) project to reach commercial production. The spending is subject to successful completion of project financing and other approvals, expected to be completed by the second quarter of 2014.
Rockwell Diamonds (TSE:RDI) (JSE:RDI) added 9% to 42.5 Canadian cents after it announced quarterly record carat production and revenue growth for the three months that ended November 30. Total volumes of gravel processed and carat production from company properties increased by 33% and 54%, respectively.
Mawson Resources (TSE:MAW) says it has started an IP and ground magnetic geophysical survey at the Palokas prospect at its Rompas project in Finland, testing for the continuation of high grade and thick core sample results from surface found in October.
Klondex Mines (TSE:KDX) has unveiled further details of the financing for its $83 million deal to acquire the Midas mine and milling facility in Nevada, announcing Monday more terms for its $35 million financing package with Franco-Nevada Corp. The $35 million package, which consists of a pre-paid gold purchase arrangement and a 2.5% NSR royalty on the Fire Creek and Midas properties, will see gold deliveries made at the end of each month with the first delivery date scheduled for June 30, 2014.
In other stocks, Air Canada (TSE:AC.B), the nation's largest airline, skidded 3% to C$7.68 after National Bank Financial downgraded its rating on the stock.
Le Chateau Inc. (TSE:CTU.A), which retails moderately priced apparel and accessories, tumbled 17% to C$3.17 after saying its third-quarter loss widened to 18 Canadian cents a share from 14 Canadian cents. Sales were up 2.5% and same-store sales climbed 3%.
Moving to junior stocks in Canada, Africa Oil Corp. (CVE:AOI), the heaviest stock in the gauge, dived 8.4% to C$9.05 after the company said that it has plugged and abandoned a well in Kenya.
First Sahara Energy (CNSX:FSE) is spinning out its mineral properties through another public company in the first quarter of next year, the company announced Monday. The junior oil and gas explorer made its intentions clear in a statement earlier this morning, and said details of the arrangement, which is subject to regulatory and shareholder approvals, would be released in January.
Global Cobalt (CVE:GCO) is putting its fourth rig in motion at its Karakul cobalt project in the Altai Republic, Russia, with the company coming off a record-breaking week, hitting a new 52-week high last Friday off some killer momentum. In a statement released early this morning, the junior explorer said its fourth rig is now active, and that it has completed the majority of planned holes for the 2013 drill program. First assays from the lab are still being awaited.
Rambler Metals and Mining's (LON:RMM) (CVE:RAB) profits rose strongly in its latest quarter as it marked one year’s continuous production from its Ming copper mine in Canada. The Newfoundland-focused group swung to a profit of C$5.26m (£3mln) in the three months to October compared to a loss of C$718,000 a year ago and profits of C$1.58mln in the preceding three months.
RESAAS Services (CNSX:RSS) is continuing to build its online real estate platform by adding Spyglass Realty and Investments to its stable, its second addition this month following seven client additions in November. Reported by Proactive Investors 2 days ago.
In corporate activity, TransGlobe Energy Corp. (TSE:TGL), a Canadian oil producer focused on Egypt, sank 6.4% to C$9.11 after reporting lower output levels in the middle of the current quarter.
Equal Energy Ltd. (TSE:OXC), an oil and natural-gas producer with assets in Canada and the U.S., wavered between gains and losses. The Calgary-based company agreed to a takeover deal from Petroflow Energy Corp. and Petroflow Canada Acquisition Corp. for about $195 million.
Talisman Energy Inc. (TSE:TLM), the oil and natural gas producer focused on the Americas and Southeast Asia, slid 0.3% to C$12.5, reversing earlier gains. Talisman and Colombia’s state-owned oil company, Ecopetrol S.A. (NYSE:EC), declared the commercial viability of an oil area they have been exploring together.
Serinus Energy (TSE:SEN)(WARSAW:SEN) shares sunk to their lowest point in almost a month after the oil and gas company said that it is suspending its Luba-1 exploration well in Brunei after unsuccessful drilling.
In materials, Guyana Goldfields Inc. (TSE:GUY), a metals exploration company, jumped 3.75% to C$1.66 after saying its board has approved $238 million of spending for the Aurora Gold (OTCMKTS:ARXG) project to reach commercial production. The spending is subject to successful completion of project financing and other approvals, expected to be completed by the second quarter of 2014.
Rockwell Diamonds (TSE:RDI) (JSE:RDI) added 9% to 42.5 Canadian cents after it announced quarterly record carat production and revenue growth for the three months that ended November 30. Total volumes of gravel processed and carat production from company properties increased by 33% and 54%, respectively.
Mawson Resources (TSE:MAW) says it has started an IP and ground magnetic geophysical survey at the Palokas prospect at its Rompas project in Finland, testing for the continuation of high grade and thick core sample results from surface found in October.
Klondex Mines (TSE:KDX) has unveiled further details of the financing for its $83 million deal to acquire the Midas mine and milling facility in Nevada, announcing Monday more terms for its $35 million financing package with Franco-Nevada Corp. The $35 million package, which consists of a pre-paid gold purchase arrangement and a 2.5% NSR royalty on the Fire Creek and Midas properties, will see gold deliveries made at the end of each month with the first delivery date scheduled for June 30, 2014.
In other stocks, Air Canada (TSE:AC.B), the nation's largest airline, skidded 3% to C$7.68 after National Bank Financial downgraded its rating on the stock.
Le Chateau Inc. (TSE:CTU.A), which retails moderately priced apparel and accessories, tumbled 17% to C$3.17 after saying its third-quarter loss widened to 18 Canadian cents a share from 14 Canadian cents. Sales were up 2.5% and same-store sales climbed 3%.
Moving to junior stocks in Canada, Africa Oil Corp. (CVE:AOI), the heaviest stock in the gauge, dived 8.4% to C$9.05 after the company said that it has plugged and abandoned a well in Kenya.
First Sahara Energy (CNSX:FSE) is spinning out its mineral properties through another public company in the first quarter of next year, the company announced Monday. The junior oil and gas explorer made its intentions clear in a statement earlier this morning, and said details of the arrangement, which is subject to regulatory and shareholder approvals, would be released in January.
Global Cobalt (CVE:GCO) is putting its fourth rig in motion at its Karakul cobalt project in the Altai Republic, Russia, with the company coming off a record-breaking week, hitting a new 52-week high last Friday off some killer momentum. In a statement released early this morning, the junior explorer said its fourth rig is now active, and that it has completed the majority of planned holes for the 2013 drill program. First assays from the lab are still being awaited.
Rambler Metals and Mining's (LON:RMM) (CVE:RAB) profits rose strongly in its latest quarter as it marked one year’s continuous production from its Ming copper mine in Canada. The Newfoundland-focused group swung to a profit of C$5.26m (£3mln) in the three months to October compared to a loss of C$718,000 a year ago and profits of C$1.58mln in the preceding three months.
RESAAS Services (CNSX:RSS) is continuing to build its online real estate platform by adding Spyglass Realty and Investments to its stable, its second addition this month following seven client additions in November. Reported by Proactive Investors 2 days ago.