Gold and silver climb overnight as West Red Lake Gold issues PFS

Updated Nov 4, 2026 7:01am ET

Markets

The S&P/TSX Composite finished yesterday at 35,532.28, down 268.81 points or 0.75%. In overnight trading the Canadian dollar was at 0.71630 U.S. dollars, oil was at US$95.11 and gold was at US$4,051.8, up 2.83%. Tiff Macklem told MPs he sees no conflict between federal fiscal policy and the Bank of Canada's inflation fight. Greater Toronto Area home sales fell nearly 8% in October from a year earlier, with buyers hesitant over inflation, mortgage costs and the economy. Cenovus put its third-quarter adjusted funds flow at approximately $5.0 billion.

Venture & CSE

The S&P/TSX Venture Composite finished yesterday at 794.69, down 6.14 points or 0.77%, while the CSE Composite ended at 131.65, down 0.14 points or 0.11%. In overnight trading silver was at US$52.035, up 4.59%, and bitcoin futures were at 78,915, up 1.07%. West Red Lake Gold said its integrated Red Lake pre-feasibility study shows a C$764 million post-tax NPV and annual output of 100,000 ounces of gold when Rowan begins production. Trans Canada Gold said it completed a financing raising over $2.2 million to fund Phase-2 underground drilling at Bear Mountain on its Harrison Lake Gold Project, and it is still waiting on PhotonAssay results from Phase 1 drilling. In cannabis, Organigram Global signed a deal to buy Aurora Cannabis in an agreement valuing the company at $561 million. Separately, Canadian gold production rose 22% in the third quarter, helped by new mines.

Market data

Index levels are Tuesday's close, the previous session. Commodities and currencies are overnight trading.

Nov 4, 2026 7:00am ET

TSX Venture most active

Nov 3, 2026 4:45pm ET

TSX Venture gainers

Nov 3, 2026 4:45pm ET

CSE most active

Nov 3, 2026 4:44pm ET

CSE gainers

Nov 3, 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.