On Friday, the top TSX mover was Barrick Gold Corp. (TSX: T.ABX, Stock Forum). The stock rose 0.4% and was trading at $18.52 on volume of 5.3 million.
On April 10, the world’s leading gold producer said that a Chilean court has issued a preliminary injunction pending a full hearing, halting construction activities on the Chilean side of the Pascua-Lama project. Due to the halted construction and other issues, Moody’s Investors Service said Barrick has been placed under review for a potential ratings downgrade.
Finally, in published reports today it has been reported that Barrick is seeking a buyer for three of its gold mines in central Western Australia state. The mines have combined reserves of 2.59 million ounces of gold.
Yamana Gold Inc. (TSX: T.YRI, Stock Forum) was the second most active stock on the TSX. It lost 1.4% and was trading at $11.63 on volume of 4.6 million shares.
On April 10, the gold producer said it would release its first quarter 2013 results after market close on April 30, 2013 followed by a conference call and webcast on May 1, 2013 at 8:30 a.m. ET.
Brilliant Resources Inc. (TSX: V.BLT, Stock Forum) was the volume leader on the TSX Venture Exchange. It fell 12.5% and was trading at $0.035 on volume of 1.9 million.
The exploration junior had no related news to explain the high volume in trading.
The second most active stock on the TSX Venture was Hudson River Minerals Ltd. (TSX: V.HRM, Stock Forum). It soared 200% and was trading at $0.015 after 1.4 million shares changed hands.
On April 16, the early stage exploration company said Zara Resources Inc. (CNXS: ZRI, Stock Forum) had completed an acquisition of Hudson’s mining claims in the Forge Lake property in exchange for 5,715,780 common shares of Zara at a deemed issue price of $0.10 per Zara common share.