TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange:
Toronto Stock Exchange (19,999.59, down 144.45 points.)
Argonaut Gold Inc. (TSX:AR). Materials. Up five cents, or 1.66 per cent, to $3.06 on 17.2 million shares.
GoGold Resources Inc. (TSX:GGD). Materials. Down five cents, or 1.61 per cent, to $3.06 on 16.6 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Up seven cents, or 0.59 per cent, to $12.04 on 13.6 million shares.
The Toronto-Dominion Bank. (TSX:TD). Financials. Down 47 cents, or 0.54 per cent, to $87.09 on 13.3 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Down 56 cents, or 1.89 per cent, to $29.10 on 12.5 million shares.
Canadian Natural Resources (TSX:CNQ). Energy. Down 54 cents, or 1.25 per cent, to $42.75 on 11.6 million shares.
Companies in the news:
Inter Pipeline Ltd. (TSX:IPL). Up two cents to $20.39. Brookfield Infrastructure Partners LP has revised its hostile takeover offer for Inter Pipeline Ltd. to give shareholders the option to receive their entire payment in cash, instead of a mix of cash and shares, if they desire. The company also said Friday it is prepared to increase its bid if it is successful in challenging a $350-million break fee Inter Pipeline must pay if it calls off its friendly all-stock deal to be bought by Pembina Pipeline Corp. Brookfield Infrastructure said it was eliminating a $5.56-billion cap on the amount of cash available under its proposal after what it says was feedback from institutional and event-driven investors. Inter Pipeline's deal with Pembina would see shareholders receive half a Pembina share for each Inter Pipeline share they hold. Brookfield Infrastructure has offered $19.50 in cash or 0.225 of a Brookfield Infrastructure class-A exchangeable share for each Inter Pipeline share. It said it is prepared to increase the cash offering by up to 90 cents per share if it is successful in its challenge to reduce or eliminate the Pembina break fee. Inter Pipeline has urged shareholders to reject the Brookfield Infrastructure offer and said the Pembina deal is strategic for both companies.
Taseko Mines Ltd. (TSX:TKO). Down four cents or 1.7 per cent to $2.37. Taseko Mines Ltd, says chief executive Russell Hallbauer and chief operating officer John McManus will retire at the end of the month. The company says Hallbauer will remain a director of the company, while Taseko president Stuart McDonald will add the role of chief executive. McDonald joined Taseko as chief financial officer in 2013 and was appointed president in June 2019. Before joining Taseko, McDonald held a number of senior jobs in the mining industry including chief financial officer at Quadra FNX Mining Ltd. Taseko also announced that Richard Tremblay will be promoted to senior vice-president of operations and Richard Weymark has been appointed vice-president of engineering. Based in Vancouver, Taseko operates the Gibraltar copper mine in south-central British Columbia.
This report by The Canadian Press was first published June 18, 2021.
The Canadian Press