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 -3.27% picked up 6.8%. Among notable movers, shares of Silvercorp Metals Inc. /zigman2/quotes/210397281/delayed CA:SVM -3.13% 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 -0.3203% , with one U.S. dollar recently purchasing 1.005 Canadian, versus 1.0088 late Friday.