12:17 PM EDT, 09/09/2025 (MT Newswires) -- The Toronto Stock Exchange is up 50 points at midday with energy (+1.7%) and miners (+0.6%) the biggest gainers.

Limiting gains is the telecoms sector, down 0.8%.

Teck Resources (TECK-A.TO, TECK-B.TO) and Anglo American said Tuesday they will combine in a merger of equals to form Anglo Teck, which will be a Vancouver-headquartered critical minerals company. On closing, Anglo American and Teck shareholders will own about 62.4% and 37.6% of Anglo Teck, respectively. Duncan Wanblad will serve as chief executive officer. Teck is up 15% and the third most actively traded on the TSX.

Energy Fuels (EFR.TO) is 8% higher after announcing this morning that neodymium-praseodymium oxide produced at its White Mesa Mill in Utah has been manufactured into commercial scale rare earth permanent magnets by South Korea's largest manufacturer of drive unit motor cores.

In terms of the broader stock market, the latest ranking of the Toronto Stock Exchange's top-performing companies indicates investors were on the hunt for safe havens amid economic uncertainty, The Canadian Press said Tuesday, while noting the release of the TSX 30, an annual ranking of the top 30 best-performing stocks on Canada's benchmark index based on dividend-adjusted share price performance across a three-year period.

Electronics manufacturer Celestica (CLS.TO) topped the list, but also cited Loui Anastasopoulos, chief executive of the Toronto Stock Exchange, saying the representation of gold companies was the most observable shift from previous years.

Mining firms totalled 17 of the 30 companies listed, with 15 of those being gold names. Lundin Gold (LUN.TO) came second on the list, with a 775% dividend-adjusted return over three years. Avino Silver & Gold Mines (ASM.TO) was fifth, with a 610% return. The strong performance of gold companies this year comes alongside a sharp appreciation in bullion prices, topping US$3,600 an ounce, up from about US$2,500 last year.