Discovery Mining signs deal for McEwen's Timmins properties as metals gain

Updated Oct 9, 2026 12:31pm ET

Markets

The S&P/TSX Composite was up 414.66 points, or 1.18%, at 35,560.04 in midday trade. Statistics Canada reported that employment fell by 68,000 in September and the unemployment rate rose to 6.5%, and Canada's 10-year bond yield fell as the weak data weighed on the rate outlook. The Canadian dollar slipped 0.34% to 0.70061 against the U.S. dollar so far today. Gold added 1.47% to US$4,218.0, while oil was nearly flat at US$91.53. Alimentation Couche-Tard said it agreed to buy a group of Irving Oil's retail operations in Quebec and Ontario. Equinor said Shell will take a 30% stake in the Bay du Nord project off Newfoundland.

Venture & CSE

The S&P/TSX Venture Composite was up 0.61% at 873.03 in midday trade, and the CSE Composite gained 1.14% to 150.70. Silver rose 2.96% to US$61.185 and gold gained 1.47% to US$4,218.0. Discovery Mining said a subsidiary agreed to buy Timmins mineral properties from McEwen Inc., next to the Dome Mine and including the Fuller project. Cygnus Metals gave notice of a second court hearing tied to Central Asia Metals' planned purchase of 100% of its shares by scheme of arrangement. Rock Tech Lithium said it raised $6 million in a private placement, with the money earmarked for a Georgia Lake mine feasibility study. Hot Chili reported that new drilling had extended copper-gold mineralization near surface at its La Verde discovery in Chile.

Market data

Oct 9, 2026 12:26pm ET

TSX Venture most active

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TSX Venture gainers

Oct 9, 2026 12:26pm ET

CSE most active

Oct 9, 2026 12:24pm ET

CSE gainers

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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.