Toronto Stocks Flat; Karora Resources Rises as Second Decline in Australia Mine Expected Early

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by Adriano Marches

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Toronto-listed stocks were nearly flat in mid-trade Tuesday, with gains in the energy, materials and tech sectors falling largely in the process industries, technical services, health tech and healthcare. Shares of Karora Resources Inc said it expects to complete a second decline in its Australian operations ahead of schedule and within budget.

At noon, Canada’s S&P/TSX Composite Index was up 0.01% at 20199.50 and the blue-chip S&P/TSX 60 was up 0.09% at 1223.60.

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Karora Resources Inc. Shares of K were 10% higher at C$5.29 after saying that development of a second decline in Beta Hunt is premature and is now expected to be completed in the first quarter of 2023 rather than sometime in mid-2023. ,

Other market movers:

TransAlta Corp. shares rose 1.9% to C$14.70 after it said the Toronto Stock Exchange had accepted its notice to buy back up to 7.2% of its public float over the course of a year.

Write to Adriano Marchese at [email protected]

Credit: www.marketwatch.com /

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