Franco-Nevada buys 12.4% stake in TSXV explorer Kenorland Minerals

Updated Oct 6, 2026 4:31pm ET

Markets

The S&P/TSX Composite closed up 130.96 points, or 0.37%, at 35,649.51. Statistics Canada reported that the August merchandise trade surplus widened to $4.2 billion from $787 million in July, the sixth consecutive monthly surplus, with exports up 2.5% and imports down 2.0%. Media reports linked the export gain to exporters boosting deliveries south of the border ahead of new tariffs. In late-afternoon trading the Canadian dollar was at US$0.70368, up 0.35%, while gold was at US$4,195.6 and oil at US$89.90. Separately, Emera said it would buy Canadian Utilities for $14.3 billion in stock.

Venture & CSE

The S&P/TSX Venture Composite closed up 11.54 points, or 1.31%, at 890.12, while the CSE Composite fell 3.01 points, or 1.94%, to 152.09. Franco-Nevada took a 12.42% stake in TSXV explorer Kenorland Minerals, buying 10 million shares at US$2.22 each in a US$22.2 million private block trade. In late-afternoon trading gold was at US$4,195.6 and silver at US$61.740. In the Yukon, Banyan Gold reported 1.88 g/t gold over 17.9 metres at its AurMac project. Inomin Mines drilled 420 metres of nickel-magnesium mineralization near surface at its Lynx block in central British Columbia, described as a second discovery area south of Beaver. On financings, First Atlantic Nickel & Cobalt said it raised a total of $13.4 million with a further $3.49 million non-brokered placement at $0.83 per share, and Canoe Mining Ventures said it raised $9.1 million.

Market data

Closing index levels; commodities and currencies are late-afternoon trading, not settlements.

Oct 6, 2026 4:30pm ET

TSX Venture most active

Oct 6, 2026 4:26pm ET

TSX Venture gainers

Oct 6, 2026 4:26pm ET

CSE most active

Oct 6, 2026 4:24pm ET

CSE gainers

Oct 6, 2026 4:24pm ET

Written by AI based upon public market data and company news releases, and checked automatically before publishing. Company statements are reported as the companies made them. Not investment advice.