TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange:
Toronto Stock Exchange (19,443.28, down 157.35 points.)
Barrick Gold Corp. (TSX:ABX). Materials. Up 38 cents, or 1.67 per cent, to $23.14 on 19 million shares.
Enbridge Inc. (TSX:ENB). Energy. Down 64 cents, or 1.20 per cent, to $52.54 on 18.6 million shares.
Manulife Financial Corp. (TSX:MFC). Financials. Up four cents, or 0.17 per cent, to $23.97 on 18 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Down 76 cents, or 1.82 per cent, to $40.97 on 17.2 million shares.
Africa Oil Corp. (TSX:AOI). Energy. Up one cent, or 0.39 per cent, to $2.56 on 15.6 million shares.
Algonquin Power & Utilities Corp. (TSX:AQN). Utilities. Down 51 cents, or 5.14 per cent, to $9.41 on 15.5 million shares.
Companies in the news:
First Quantum Minerals Ltd. (TSX:FM). Down 27 cents, or 0.98 per cent, to $27.30. First Quantum Minerals Ltd. says it is disappointed by a decision by the Panamanian government to order the suspension of work at its Cobre Panama mine. The order came after the company and government failed to reach an agreement on a new profit-sharing agreement for the mine. First Quantum says the government is seeking a refreshed concession contract for the mine and that the two sides had made significant progress over the past several weeks. The company says its latest proposal would provide for payments of US$375 million a year in tax and royalty revenues, but it says this economic benefit should be subject to certain protections if metal prices or profitability drop significantly.
Suncor Energy Inc. — Newfoundland and Labrador's offshore oil and gas regulator says it has laid charges against Suncor Energy Inc. for alleged offences related to the injury of a worker on the company's Terra Nova offshore platform. The Canada-Newfoundland and Labrador Offshore Petroleum Board says the charges are related to the injury of a worker on Dec. 29, 2019, who fell from a ladder while conducting gas testing.
Hexo Corp. (TSX:HEXO). Down one cent, or 6.06 per cent, to 15.5 cents. Hexo Corp. says its most recent quarter delivered a $52.1-million net loss as the cannabis company purged unprofitable products and streamlined its business. The Gatineau, Que.-based firm's first quarter net loss compared with a net loss of more than $116.9 million a year earlier. The loss for the period ended Oct. 31 amounted to a net loss of nine cents per basic and diluted share compared with a net loss of 46 cents per basic and diluted share a year prior. Net revenue in the quarter totalled $35.8 million, down from $50.2 million in the same period last year.
This report by The Canadian Press was first published Dec. 16, 2022.
The Canadian Press
