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Oct. 24, 2011, 10:38 a.m. EDT

TSX rises on EU hopes; Silvercorp jumps 17%

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    First Quantum Minerals Ltd. (FM)

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By Nicole Hong

SAN FRANCISCO (MarketWatch) -- Canadian stocks were slightly higher on Monday after progress in this weekend's European Union summit lifted investor sentiment. At last check, the benchmark S&P/TSX Composite Index gained 135.75 points, or 1.1%, at 12,085.24. Metals and mining stocks led gains in Toronto, as gold futures tracked the rise in U.S. stocks. Shares of Teck Resources Ltd. added 4.7% while shares of First Quantum Minerals Ltd. /zigman2/quotes/209694942/delayed CA:FM -4.46% picked up 6.8%. Among notable movers, shares of Silvercorp Metals Inc. /zigman2/quotes/210397281/delayed CA:SVM -1.27% soared 17.1% after the miner said an audit of the company's accounting practices backed the company's financial statements against recent fraud allegations. The Canadian dollar strengthened 0.4% against its U.S. counterpart /zigman2/quotes/210561978/realtime/sampled USDCAD +0.0585% , with one U.S. dollar recently purchasing 1.005 Canadian, versus 1.0088 late Friday.

CA : Canada: Toronto
$ 30.66
-1.43 -4.46%
Volume: 1.28M
Oct. 2, 2023 4:15p
P/E Ratio
Dividend Yield
Market Cap
$22.24 billion
Rev. per Employee
CA : Canada: Toronto
$ 3.12
-0.04 -1.27%
Volume: 128,634
Oct. 2, 2023 4:16p
P/E Ratio
Dividend Yield
Market Cap
$558.74 million
Rev. per Employee
US : Tullett Prebon
+0.0008 +0.0585%
Volume: 0.0000
Oct. 2, 2023 8:48p

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