Toronto Stocks Up; Orla Mining Rises on 1Q Gold Output, Sales

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By Adriano Marchese

Toronto-listed stocks started the week on a positive footing, rising firmly higher in midday trading Monday. Most sectors were trending higher, led by health tech, finance and retail. These offset losses primarily in energy, tech services and manufacturing.

Canada’s S&P/TSX Composite Index was 0.8% higher at 2376.97 and the blue-chip S&P/TSX 60 rose by 0.7% to 1426.84.

Orla Mining shares rose 1.8% to 15.04 Canadian dollars ($10.85) after the miner said it produced and sold more gold in the first quarter than a year ago and said it is on track to meet its guidance for the year from its Mexican operations. The company’s newly acquired Canadian assets contributed only in the month of March, and the company expects to update its guidance for the year to incorporate the new operations.

Other market movers:

Shares in Allied Gold fell 1.3% to C$5.49 after it said it is dropping a planned investment…

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