Here are the most active stocks on Thursday mid-morning on the TSX and TSX Venture Exchange.
On Thursday, the top TSX mover was
Torex Gold Resources Inc. (
TSX: T.TXG,
Stock Forum). The stock lost 9.6% and was trading at $1.60 on volume of 2.2 million.
On August 21, the exploration and development company reported the last batch of results from its resource drilling program at its Media Luna target in Mexico. Highlight intercepts included over 19.9 metres of 11.56 grams per tonne gold equivalent in borehole WZML-47 and over 17.3 metres of 10.55 grams per tonne gold equivalent in borehole WZML-52.
B2Gold Corp. (
TSX: T.BTO,
Stock Forum) was the second most active stock on the TSX. It rose 2.1% and was trading at $2.86 on volume of 2.3 million shares.
On August 23, the gold producer announced the closing of its previously announced offering of US$225 million aggregate principal amount of its 3.25% convertible senior subordinated notes due Oct. 1, 2018 to "qualified institutional buyers" in accordance with Rule 144A under the U.S. Securities Act of 1933, as amended. The initial purchasers for the offering exercised in full their option to purchase up to an additional US$33.75 million aggregate principal amount of notes to cover over-allotments on Aug. 20, 2013, bringing the total amount of the notes issued today to US$258.75 million.
Corsa Coal Corp. (
TSX: V.CSO,
Stock Forum) was the volume leader on the TSX Venture Exchange. It climbed 4.6% and was trading at $0.115 on volume of 5.6 million.
On August 23, the coal miner said in the future it may consolidate its outstanding common shares on the basis of one post-consolidation common share for up to every 20 pre-consolidation common shares. Although approval for the share consolidation is being sought at the annual and special meeting of shareholders on Sept. 18, 2013, such a share consolidation would become effective at a date in the future to be determined by Corsa's Board of Directors when the Board considers it to be in the best interests of the company to be implemented.
The second most active stock on the TSX Venture was
Full Metal Zinc Ltd. (
TSX: V.FZ,
Stock Forum). It soared 50% and was trading at $0.06 after 2.4 million shares changed hands.
Today, the resource junior announced that it has signed a binding letter of intent with Minera ISP, S. de R.L. de C.V. and certain of its affiliates to acquire 100% of the San Andres de la Sierra mine and processing facilities as well as the exploration land package around the area of historical operations, located in the Sierra Madre Occidental of Durango State, Mexico. The 5,757 hectare San Andres property reportedly produced 17 million ounces of silver from multiple mines between 1890 and 1915 through the on-site direct smelting of high-grade narrow veins. The transaction is subject to a 60 day due diligence period following which a definitive agreement may be concluded between the company and vendors.