Junior indexes drop sharply as silver and gold retreat

Updated Oct 14, 2026 4:31pm ET
First published Oct 14, 2026 12:31pm ET

Markets

The S&P/TSX Composite closed at 35,584.46, down 399.52 points or 1.11%, with losses in basic materials, base metals and technology weighing. Gold was at US$4,121.2 in late-afternoon trading, down 56.1, and silver was at US$55.750, down 6.34%. Oil traded at US$93.93 in late-afternoon trading, up 0.76, as Houthi-Saudi fighting intensified and officials said Iran-backed Houthi rebels struck Aramco's headquarters. The Canadian dollar was at US$0.70222 in late-afternoon trading, down 0.00121. In British Columbia, the real estate board said interest rate hike speculation weighed on September home sales, which fell 9%. On Wall Street, the S&P 500 fell 1.11% and the Nasdaq fell 1.88%.

Venture & CSE

The S&P/TSX Venture Composite closed at 830.33, down 30.60 points or 3.55%, and the CSE Composite closed at 141.84, down 6.15 points or 4.16%. Silver was at US$55.750 in late-afternoon trading, down 6.34%, with gold down 56.1 at US$4,121.2. Financings stood out: Luca Mining said it completed C$211 million in subscription receipt financings tied to its proposed purchase of Capstone Copper's Cozamin Mine, and Silver Tiger Metals said it closed a $100 million bought deal. Canuc Resources reported a $5.99 million private placement for its East Sudbury work. On the CSE, Myriad Uranium said it agreed to acquire Argentine company Buenavida Metales, adding the Los Altares uranium project and a 55,000-hectare land package in Chubut. In the field, Brixton Metals reported grab samples between 17.9 and 195 g/t gold from a new vein at its Thorn project in northwest British Columbia, and Sitka Gold reported 236.0 metres of 1.15 g/t gold from a hole at the Saddle Zone of its RC Gold project, Yukon.

Market data

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

Oct 14, 2026 4:30pm ET

TSX Venture most active

Oct 14, 2026 4:26pm ET

TSX Venture gainers

Oct 14, 2026 4:26pm ET

CSE most active

Oct 14, 2026 4:24pm ET

CSE gainers

Oct 14, 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.