(RTTNews) – Toronto stocks opened lower Tuesday amid falling commodities prices, with the S&P/TSX Composite Index losing 103.27 points or 0.74 percent to 13,831.24. Among base-metals stocks, First Quantum Minerals (FM.TO) and Teck Resources (TCK_B.TO) were down over 1 percent each. In the oil patch, Nexen Inc. (NXY.TO) lost 2 percent. Integrated energy company Suncor Energy (SU.TO) slipped nearly 2 percent even after reporting a much improved first quarter 2011 net earning. Among gold stocks, Seabridge Gold (SEA.TO) and Agnico-Eagle Mines (AEM.TO) were down around 1 percent each. Silver producers continued to reel under selling pressure, with First Majestic Silver (FR.TO) losing over 4 percent. Silver Wheaton (SLW.TO) shed over 1 percent. Ritchie Bros. Auctioneers (RBA.TO) slipped over 2 percent. The industrial auctioneer posted first quarter net earnings of $16.57 million or $0.16 per share, higher than $12.71 million or $0.12 per share last year. Meanwhile, private equity investor Onex Corp. (OCX.TO) edged up over 1 percent after it said it would realize $2.1 billion by selling its Husky International to Berkshire Partners and OMERS Private Equity. Airlines operator WestJet Airlines (WJA.TO) soared over 6 percent after reporting a much improved first quarter 2011 net earnings. by RTT Staff Writer For comments and feedback: [email protected]
Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.
