Canada Stocks to Watch: Iamgold, Tekmira, Lake Shore Gold, AutoCanada
Iamgold Corp.IMG.T -3.29% said Friday it will sell its Niobec niobium mine in northern Quebec to an investor group led by Magris Resources Inc. for $500 million, positioning Iamgold as a pure gold play and improving its liquidity.
Tekmira Pharmaceuticals Corp.TKM.T +7.80% continues to rise on increased attention to the Ebola crisis. Its therapy, TKM-Ebola, has been tried on a number of Ebola patients.
Lake Shore Gold Corp.LSG.T -6.90% said third-quarter gold output was up 58% from a year earlier and that it’s on track to meet or beat the top end of its full-year production guidance, which is for 160,000 to 180,000 ounces of gold.
The stock of AutoCanada Inc.ACQ.T +5.61%, a Canadian auto dealer, is benefiting from Warren Buffett‘s investment in the auto-retailing sector.
