The TSX composite weakened, losing 40.39 points to 12,559.35 in mid-morning trading on Friday. The Dow gained 4.46 to 13,475.68, while NASDAQ fell 2.76 to 3,119.00.
Leucadia National Corp. (NYSE: LUK, Stock Forum), the largest shareholder in takeover target of Inmet Mining Corp. (TSX: T.IMN, Stock Forum), said late on Thursday it planned to tender its shares to bidder First Quantum Minerals Ltd. (TSX: T.FM, Stock Forum), in a boost for the Canadian-listed group.
The First Quantum offer will be open until Feb. 14, unless extended or withdrawn. Inmet shares fell 0.15% to $71.81.
The price of gold dropped US$14.44 to US$1,660.73 an ounce, while silver slipped US$0.49 to U$30.36 an ounce.