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TSX at 2pm: TSX Little Changed as Investors Digest Mining Deals

The Toronto stock market was little changed in afternoon trading in the wake of a pair of high priced deals in the mining sector.

The S&P TSX Composite Index was down 2 points at 12,599, dropping from session highs of 12,636.

The energy sector was off 0.8%, offset by gains in technology and materials.

Heavily traded Uranium One (UUU.TO) gained 15% after it accepted a $1.3 billion deal from Russia's state uranium firm to take the company private.

Aurizon Mines (ARZ.TO) rallied 33% after Alamos Gold announced a $780 million bid for Aurizon.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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