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Robex Resources (V.RBX) up 7.3%: Canadian market movers

Elizabeth Walters Elizabeth Walters, Stockhouse
0 Comments| February 11, 2014

Here are the most active stocks on Tuesday mid-morning on the TSX and TSX Venture Exchange.

On Tuesday, the top TSX mover was Teranga Gold Corp. (TSX: T.TGZ, Stock Forum). The stock was up 5.0% and was trading at $1.05 on volume of 5.6 million.

On January 28, the exploration company reported its fourth quarter results for the three months ended Dec. 31, 2013.

During the quarter, 46,561 ounces were sold at an average realized gold price of $1,249 per ounce. During the same prior year period, 71,604 ounces were sold at an average realized gold price of $1,296 per ounce including 33,606 ounces delivered into gold hedge contracts at an average price of $833 per ounce and 37,998 ounces sold at an average spot price of $1,705 per ounce.

B2Gold Corp. (TSX: T.BTO, Stock Forum) was the second most active stock on the TSX. It gained 3.2% and was trading at $2.92 on volume of 5.3 million shares.

On January 22, the gold producer announced an initial inferred resource estimate for the recently discovered Wolfshag zone at the Otjikoto gold project in Namibia of 6.8 million tonnes at 3.2 grams per tonne gold containing 703,000 ounces gold.

Midlands Minerals Corp. (TSX: V.MEX, Stock Forum) was the volume leader on the TSX Venture Exchange. It lost 33.3% and was trading at $0.01 on volume of 5.1 million.

On January 10, the gold explorer announced that it had signed a letter of intent with Reservoir Minerals Inc. (TSX: V.RMC, Stock Forum) for an option to earn up to a 75% interest in the Parlozi lead-zinc-silver project in Serbia.

The second most active stock on the TSX Venture was Robex Resources Inc. (TSX: V.RBX, Stock Forum). It rose 7.3% and was trading at $0.22 after 2.7 million shares changed hands.

On January 21, the mining junior announced the results of its campaign at the end of 2012 on the East Nampala zone, located in Mali, Western Africa. This area is located approximately 300 meters east of the Nampala pit, which is currently under development to be put it into production.


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