Here are the most active stocks on Monday mid-morning on the TSX and TSX Venture Exchange.
On Monday, the top TSX mover was
Kinross Gold Corp. (
TSX: T.K,
Stock Forum). It rose 7.5% and was trading at $5.73 on volume of 4.1 million shares.
On June 10, 2013, the gold mining company said that it will not proceed with further development of the Fruta del Norte (FDN) project in Ecuador. Kinross had already informed the Government of Ecuador about its decision, and requested the government's cooperation in ensuring an orderly transition that respects the interests of both parties. The company reported that its decision to stop the development of FDN will result in a charge of approximately $720 million in the second quarter of 2013.
San Gold Corp. (
TSX: T.SGR,
Stock Forum) was the second most active stock on the TSX. The stock was up 18% and trading at $0.165 on volume of 3.9 million.
On July 17, the exploration and production company announced that it had acquired a 100% interest in 114 mineral claims from Wildcat Exploration Ltd. (
TSX: V.WEL,
Stock Forum) representing approximately 17,450 hectares of land in the Rice Lake gold belt, located 12 kilometres west of Bissett, Manitoba. The consideration paid by San Gold to Wildcat for the mineral claims consisted of $200,000 in cash and 2.38 million common shares of San Gold valued at $250,000 and a 2% net smelter returns royalty. Additionally San Gold will be required to spend $100,000 per year on work commitments for the next four years.
Rodinia Oil Corp. (
TSX: V.ROZ,
Stock Forum) was the volume leader on the TSX Venture Exchange. It soared 150% and was trading at $0.025 on volume of 6.7 million.
The petroleum explorer had no related news to explain the high volume in trading.
The second most active stock on the TSX Venture was
UniGold Inc. (
TSX: V.UGD,
Stock Forum) It rose 23% and was trading at $0.08 after 2.9 million shares changed hands.
On July 4, the gold development stage company said that it had granted 4.7 million options to purchase common shares of the company to directors, officers and employees of the company. The options are exercisable at a price of $0.10 per share and expire on July 3, 2018. This grant is made pursuant to the company's stock option plan, which was re-approved at the annual general meeting.