West Red Lake Gold cuts production target, shares drop on TSXV

Updated Oct 27, 2026 4:56pm ET

Markets

The S&P/TSX Composite closed at 36,171.49, up 227.33 points. Wall Street also finished higher, with the Nasdaq Composite gaining 308.43 to 26,477.81. Oil was at US$100.27 in late-afternoon trading, down 1.49, and the Canadian dollar traded at 0.71156 US, off 0.00210. A report put market odds of a Bank of Canada rate increase at its upcoming meeting at 100 per cent, with higher energy prices a factor in the central bank's thinking. Ottawa pressed Cleveland-Cliffs for a plan to restore Stelco jobs before it would meet the company's CEO.

Venture & CSE

The S&P/TSX Venture Composite closed at 838.48, up 13.20, and the CSE Composite closed at 140.36, up 2.81. West Red Lake Gold fell 14.49% on the TSXV after lowering its yearly output goal by about a quarter, with labour shortages and difficult mining slowing its Madsen gold operation; the company also reported third-quarter production. Osisko Gold Group issued a construction progress update on its Cariboo Gold Project in B.C. Gold traded at US$4,072.6 in late-afternoon trading, up 34.2, and silver at US$54.515, up 0.174. Cygnus Metals, also on the TSXV, updated the market on implementing the scheme of arrangement for its acquisition by Central Asia Metals. On the CSE, Deep Sea Minerals said it is seeking a U.S. listing through a public offering of American depositary shares.

Market data

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

Oct 27, 2026 4:55pm ET

TSX Venture most active

Oct 27, 2026 4:45pm ET

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Oct 27, 2026 4:44pm ET

CSE gainers

Oct 27, 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.