BUZZ-Teck Resources Ltd: Set for best day ever after Franco-Nevada deal

Wed Oct 7, 2015 10:14am EDT
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** Canadian miner's shares up 18 pct at C$9.21, set for its best day since going public in 1980

** Stock is the biggest gainer on the Toronto Stock Exchange and U.S-listed stock, up 18 pct, is 2nd biggest gainer on NYSE

** Franco-Nevada Corp agrees to pay Teck Resources $610 mln to help fund operations at Peru mine, co-owned with BHP, Glencore and Mitsubishi

** Teck to give Franco-Nevada part of its share of the silver production from mine and get 5 pct of spot silver price

** Franco-Nevada down 2.8 pct at C$61.56

** Up to Tuesday's close, Teck stock had halved this year compared with a near 10 pct gain in Franco-Nevada shares