The Canadian market, set to resume trading Friday morning after Christmas holidays, may open higher with energy stocks seeing some buying thanks to higher crude oil prices. An upward revision in China's growth forecast by the World Bank is also likely to aid sentiment a bit.
Sierra Metals Inc. (SMT.TO) announced Thursday that a majority of its shareholders have committed not to tender their shares in the event that Alpayana S.A.C. formalizes its proposed unsolicited all-cash take-over bid to acquire all of the issued and outstanding common shares of Sierra Metals for C$0.85 per share.
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