Altius Minerals agrees to buy TNR Gold in share dealUpdated Nov 12, 2026 12:32pm ET Markets: The S&P/TSX Composite was at 36,275.25 in midday trade so far today, down 136.47 points or 0.37%, weighed down by base metals losses while US stocks moved higher, with falling gold also pressuring miners. The S&P 500 was at 7,631.92, up 12.54 points or 0.16%, and the Nasdaq Composite at 25,468.16, up 1.97 points or 0.01%. Gold (US$) was down 121.4 at 3,879.1, a 3.03% drop, and silver (US$) down 1.987 at 50.015, off 3.82%. Oil (US$) was up 0.32 at 86.85. The Canadian dollar was at 0.70140 US, with USD/CAD at 1.42535. Statistics Canada said the value of building permits in September fell $552.8 million, or 4.1%, to $12.9 billion. Bitcoin futures were down 3.97% at 71,760. The S&P/TSX Venture Composite was at 804.56, down 12.46 points or 1.53%, and the CSE Composite at 131.65, down 2.21 points or 1.65%. Altius and TNR: Altius Minerals agreed to acquire TNR Gold, valuing it at C$122m ($85.7m), in a share-based transaction that offers TNR shareholders a 60% premium to the recent trading price. The transaction is described as a royalty deal that adds to Altius's exposure. TNR shares changed hands at 0.39 so far today, down 0.03 or 7.14%, on volume of 6,626K on the TSX Venture. Brampton plant: Industry Minister Mélanie Joly was meeting Stellantis and the union, which represents more than 9,000 workers, over the planned sale of the Brampton, Ont. assembly plant to armoured vehicle maker Roshel. Prime Minister Mark Carney called the sale a partial solution. Stellantis had made earlier commitments to protect Canadian jobs, and the sale appears to breach them. Joly's office disputes reports that Ottawa played an active role in the talks, saying she did not meet Roshel before the deal was signed. Aya Gold & Silver: Aya Gold & Silver's latest quarterly sales came to US$103.3 million, a 90% increase on the year before. Output rose 21% sequentially, yet silver inventory nearly doubled, with more of the quarter's silver still unsold as September ended, so earnings gained little. Separately, a shallow, high-grade hit at the Zgounder mine in Morocco put the company atop a silver drilling ranking. Endeavour Mining: Endeavour Mining approved construction of its Assafou gold project in Côte d'Ivoire as costs climb, with the estimate for the $1.2-billion (C$1.7 billion) build running 13% higher. In its own third-quarter release, Endeavour said 2026 guidance remains on track and described year-to-date free cash flow of $1,023m as a record, adding that the final investment decision on Assafou was approved. Cascade Copper: Cascade Copper said resampling of historic core at its Copper Plateau porphyry project in south-central BC returned 1.713% CuEq, including a 3.211% CuEq interval. The CSE-listed company said the work, from the late summer field season, covered four readily available sections of historic holes that were validated and quartered for assay. enCore Energy: TSX Venture-listed enCore Energy posted a gross loss for the third quarter after permitting delays in South Texas held back extraction. Every one of the 200,000 pounds it delivered under its contracts was uranium bought on the market, and the company paid more for that material than it received from selling it. Quebec lithium: Rio Tinto's Nemaska lithium plant in Quebec is on hold through 2027, according to one report, after the majority owner issued dozens of layoff notices and heavy machinery at the site went idle. In the same province, PMET Resources released a study that more than tripled the expected value of its Shaakichiuwaanaan lithium project to $5.1B, adding tantalum recovery. Market data
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Nov 12, 2026 12:24pm 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. Also on Nov 12, 2026
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