Cerrado Gold buys idled Manantial Espejo mine from Pan American SilverUpdated Nov 13, 2026 12:32pm ET Markets: The S&P/TSX Composite was at 36,145.03 in midday trade, up 7.84 points or 0.02%, with weakness in base metals and tech names balanced by strength in utilities and telecom. The S&P 500 was at 7,533.92, down 58.48 points or 0.77%, and the Nasdaq Composite at 24,987.52, down 378.57 points or 1.49%, as tech stocks slid on turmoil at Nvidia. Oil was at US$88.54, down 0.20 so far today, while the International Energy Agency said the world oil market is returning to surplus. Gold was at US$3,889.3, up 4.0, and silver at US$48.890, down 1.175. The Canadian dollar traded at US$0.70135. Statistics Canada put September manufacturing sales at $80.2 billion, essentially unchanged, with third-quarter sales up 1.7%. The S&P/TSX Venture Composite was at 796.56, down 6.22 points or 0.77%, and the CSE Composite at 128.32, down 2.11 points or 1.62%. Cerrado Gold: Cerrado Gold is buying the idled Manantial Espejo gold-silver operation in Argentina's Santa Cruz province from Pan American Silver, with a US$20 million cash price and no shares issued. Its subsidiary Minera Don Nicolás paid US$10 million at closing for Minera Triton Argentina. The purchase gives Cerrado a second processing plant in the province. Aris Mining: A prefeasibility study from Aris Mining puts after-tax net present value for its Toroparu gold project in Guyana at US$2.8 billion, compared with US$1.8 billion in the preliminary economic assessment released barely a year earlier. The estimated construction cost climbed 36% to $1.1 billion (C$1.6 billion), and the study applies a 5% discount rate. Stellantis: Stellantis agreed to sell its assembly plant in Brampton, Ont., to defence contractor Roshel, and Ottawa answered with a notice of default under the federal funding agreement. Industry Minister Mélanie Joly says the government is ready to sue to recover hundreds of millions of dollars paid out, though she still hopes an aggressive package from Ottawa and the province can stop the sale. Nvidia: Jensen Huang quit as Nvidia CEO following revelations tied to an alleged Chinese spy, and the chipmaker's shares tumbled in the sell-off that followed. Huang has been summoned to testify before Congress. Commerce Secretary Howard Lutnick is under pressure over alleged inaction, including delays in putting Megaspeed on the trade blacklist. Oil supply: The International Energy Agency put October's supply overhang at almost 2m barrels a day, the first surplus since the war in Iran began, and expects a fourth-quarter surplus as Middle East exports recover faster than demand despite continued attacks on shipping. It sees global demand falling by 2.7 million bpd this year, then rebounding by 2 million bpd in 2027. Canadian inflation: Economists expect Canadian inflation to stay elevated after the October CPI report, but they are divided on whether higher energy costs will spill into broader price increases. RBC Economics counted eight provinces with inflation above 3%, with Atlantic Canada among the hardest hit as energy and housing costs widen regional gaps in living costs. Microsoft outage: A global Microsoft outage disrupted email and other applications worldwide, affecting hospitals, universities, government email and Via Rail services. An outage tracker showed more than 35,000 combined reported issues with Outlook in Canada and the US. Microsoft said there was so far no indication of malicious activity and began a wider patch rollout, though restored servers froze again under traffic. Market data
Nov 13, 2026 12:25pm ET TSX Venture most active
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Nov 13, 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 13, 2026
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