TDG Gold agrees to sell 51% of Aurora West for C$110 million

Updated Nov 12, 2026 4:56pm ET

Markets: The S&P/TSX Composite fell 274.53 points, or 0.75%, to 36,137.19, weighed down by losses in base metals. In New York, the S&P 500 lost 26.98 points, or 0.35%, to 7,592.40, and the Nasdaq Composite gave up 100.10 points, or 0.39%, to 25,366.09, as Nvidia shares tumbled after chief executive Jensen Huang resigned. Gold was at US$3,878.5 in late-afternoon trading, down 122.0 or 3.05%, and silver was at US$49.935, down 3.97%. Oil rose 2.17, or 2.51%, to US$88.70 in the same late-afternoon trading. The Canadian dollar was at US$0.70132. Statistics Canada said September building permits fell 4.1% to $12.9 billion. The S&P/TSX Venture Composite closed at 802.78, down 14.24, and the CSE Composite closed at 130.43, down 3.43.

TDG Gold: TDG, a TSX Venture company, said it will sell a 51% stake in its Aurora West property to Freeport-McMoRan Mineral Properties Canada for C$110 million. The agreement also gives Freeport further earn-in rights, triggered once C$80 million of expenditures has been funded and a C$40 million cash payment has been made.

Stellantis: Ottawa has told Stellantis it is in default under its federal funding agreement, a step that followed the automaker's sale of the Brampton, Ont. assembly plant to defence contractor Roshel. Industry Minister Mélanie Joly notified the company. Stellantis idled the plant in 2023, laying off about 3,000 workers. Joly's office disputes reports that the government played an active role in the sale talks.

Cascade Copper: Cascade Copper reported that resampling of four sections of historic core from its Copper Plateau porphyry project in south-central BC returned 1.713% CuEq in a broader interval, including a higher-grade stretch at 3.211% CuEq. The CSE-listed company said the sections were quartered for assay during the late summer field season, and that the sampling confirms the historic intercepts.

First Majestic: First Majestic Silver released reverse circulation drill results from the Saval area at its Jerritt Canyon gold mine, including 4.24 g/t gold over 48.8 metres. The zone already holds permits for open pit mining. The company issued the assays together with a progress update on restarting the Nevada operation.

Tiger Gold: Tiger Gold, listed on the TSX Venture, reported assay results for two scissor holes drilled at Ceibal within the Quinchía gold project in Colombia. Both holes cut long runs of gold mineralization beginning at surface, and the headline intercept averaged 0.5 g/t gold over 538.1 metres through to the bottom of the hole. The pair were angled toward one another from collars about 276 metres apart and crossed at 180 metres depth.

First Atlantic: First Atlantic Nickel & Cobalt said assay and DTR results from three drill holes establish a second large-scale zone, Alloy Max North, with magnetically recoverable awaruite (Ni-Fe-Co alloy). Mineralization spans 405 to 504 meters in the holes and covers 1.3 km of strike, lying up to 7 km north of the RPM Zone discovery inside the 30 km Pipestone XL Trend.

Quebec lithium: The pause on construction at Rio Tinto's Nemaska lithium plant in Quebec is expected to last through 2027. Heavy machinery at the site sits at a standstill after the majority owner issued dozens of layoff notices. Elsewhere in the province, a new study that adds tantalum recovery lifted the expected value of PMET Resources' Shaakichiuwaanaan lithium project to $5.1B.

Market data

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

Nov 12, 2026 4:55pm ET

TSX Venture most active

Nov 12, 2026 4:45pm ET

TSX Venture gainers

Nov 12, 2026 4:45pm ET

CSE most active

Nov 12, 2026 4:44pm ET

CSE gainers

Nov 12, 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.