Venture and CSE indexes fall sharply as gold and silver drop

Updated Oct 22, 2026 4:56pm ET
First published Oct 22, 2026 12:31pm ET

Markets

The S&P/TSX Composite closed at 35,973.45, down 351.54 points or 0.97%, with basic materials leading the losses. Gold fell 111.6 to US$4,038.4 in late-afternoon trading, and silver was down 3.090 at US$54.620. Oil rose 1.92 to US$99.07 in late-afternoon trading as renewed attacks on Saudi targets and Iran's report of seven tankers hit near the Strait of Hormuz fed supply worries. The Canadian dollar traded at US$0.71353 in late-afternoon trading. Statistics Canada said the Industrial Product Price Index rose 2.0% in September from August. The Nasdaq Composite closed down 2.60% as AI stocks fell.

Venture & CSE

The S&P/TSX Venture Composite closed at 821.96, down 26.58 points or 3.13%, and the CSE Composite closed at 136.80, down 5.81 points or 4.07%. Gold and silver also weakened in late-afternoon trading. In the Yukon, Boroo agreed to buy Victoria Gold for up to $140 million, with plans to potentially rehabilitate and restart the Eagle gold mine. On financings, NowVertical (TSXV: NOW) closed the final tranche of its brokered private placement for $10,000,000 in gross proceeds, and Pirate Gold said it closed a $13.6 million brokered placement. Nine Mile Metals (CSE: NINE) reported 7.13% Cu-Eq over 11.65 m, and Canagold said drilling at New Polaris cut 5 meters at 52.8 g/t gold, with 0.83% antimony also reported. Atico (TSXV: ATY) said quarterly El Roble output was 2.08 million pounds of copper, along with 2,472 ounces of gold in concentrates.

Market data

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

Oct 22, 2026 4:55pm ET

TSX Venture most active

Oct 22, 2026 4:45pm ET

TSX Venture gainers

Oct 22, 2026 4:45pm ET

CSE most active

Oct 22, 2026 4:44pm ET

CSE gainers

Oct 22, 2026 4:44pm 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.