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Toronto Stocks Slide; Barrick Gold Rises on Reaching Production Targets in 2021

By Adriano Marchese

 

Shares in Toronto were slightly lower on Wednesday mid-trading, with the materials sector offsetting most other sectors in the red. In line with the trend, shares in Barrick Gold Corp. rose after it met production targets for 2021.

At midday, Canada's S&P/TSX Composite Index was down 0.34% at 21204.93 while the blue-chip S&P/TSX 60 fell 0.42% at 1289.68.

Barrick Gold Corp. shares were up 6.9% to C$24.84. The company said preliminary gold production for the full year was 4.44 million troy ounces, within its target range of 4.4 million to 4.7 million.

 

Other market movers:

Shares in Pan American Silver Corp. rose 8.5% to C$30.87 after it said production in 2021 improved from the previous year despite continued pandemic-related workforce deployment constraints.

B2Gold Corp. shares rose by 4.7% to C$4.64 after the company said fourth-quarter gold production reached 304,897 ounces, bringing its annual total to 1.04 million ounces.

Torex Gold Resources Ltd. stocks rose 6.3% to C$13.07 after announcing its production guidance in 2022 will be at similar levels as expected for 2021, but that costs could be higher.

 

Write to Adriano Marchese at adriano.marchese@wsj.com

 

(END) Dow Jones Newswires

January 19, 2022 12:19 ET (17:19 GMT)

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