Share prices for some of the province's largest mining companies recovered slightly from the losses incurred on Thursday, when the TSX plunged almost 800 points in one of the worst sell-offs since 1987.
Vancouver's Goldcorp Inc. (TSX:G) saw a 25.3% rise in its share price, which closed at $31.04, up from Thursday's close of $24.77. Trading was heavy, with almost 11 million shares traded as gold and oil prices surged.
The share price for Eldorado Gold Corp. (TSX:ELD) increased 12.1% to close at $6.30; shares in First Quantum Minerals Ltd. (TSX:FM) rose 8.7% to $14.81, and Red Back Mining's shares jumped 15% to $4.60 from Thursday's close of $4.
Teck Cominco Ltd. (TSX:TCK.B) halted a three-day selling spree in which its share price fell to $4.10 in heavy trading of 23.7 million shares after the company announced it was suspending dividends next year, cutting budgeted capital expenditures, reducing zinc production and selling assets to help pay down its $9.8 billion debt from its $14.1 billion takeover of Fording Canada Coal Trust.
Teck's share price rose 10.2% to $4.52, but for the week is still down 32% from Monday's close of $6.64 and well off its 52-week high of $52.90.