Hercules Metals upsizes bought deal to $45 million as gold slips

Updated Oct 23, 2026 12:31pm ET

Markets

The S&P/TSX Composite was down 157.22 points, or 0.44%, at 35,816.23 in midday trade. Statistics Canada reported August retail sales up 1.2% to $74.6 billion, with gains in all nine subsectors led by motor vehicle and parts dealers, and its advance estimate showed September manufacturing sales edging up 0.1%. Oil was up 3.50% at US$102.95 so far today, and energy was firm even as the index slipped. The Canadian dollar was at 0.71456 against the US dollar. On Wall Street, the Dow Jones Industrial Average was down 0.95%.

Venture & CSE

The S&P/TSX Venture Composite was down 1.21 points, or 0.15%, at 820.75 so far today, and the CSE Composite was down 1.04, or 0.76%, at 135.76. Hercules Metals said it has raised the size of its bought deal financing to $45 million, after an earlier report cited $30 million; its TSXV shares were up 6.38% in midday trade. In Yukon, Boroo reached a deal to buy Victoria Gold from its receiver for up to $140 million, which would put the idled Eagle gold mine on a path toward restart. New Found Gold released a revised preliminary economic assessment for its Queensway project in Newfoundland, showing an after-tax valuation of C$1.73 billion at a 5% discount rate and an after-tax IRR of 126%. Gold was down 1.04% at US$4,018.1 and silver was down 1.49% at US$54.185 so far today.

Market data

Oct 23, 2026 12:25pm ET

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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.