Boroo agrees to buy Victoria Gold, eyeing Yukon Eagle mine restart

Updated Oct 23, 2026 4:56pm ET

Markets

The S&P/TSX Composite closed down 185.27 points at 35,788.18, with higher oil prices and worries over the AI trade cited as pressure on North American markets. Oil traded at US$103.19 in late-afternoon trading, up 3.74%. Statistics Canada reported August retail sales up 1.2% to $74.6 billion, led by motor vehicle and parts dealers, and a report said the data supported expectations of a Bank of Canada rate increase next week. Separately, the White House said it is lifting tariffs on some Canadian goods, with exemptions reported for certain paper, plastics, machinery and food products.

Venture & CSE

The S&P/TSX Venture Composite closed down 1.01 at 820.95, and the CSE Composite finished down 0.25 at 136.55. Boroo has agreed to buy Victoria Gold from its receiver for up to $140 million, a deal that could see the Eagle mine in Yukon return to operation. Gold traded at US$4,009.8 in late-afternoon trading, down 50.6, and silver at US$53.920, down 1.087. Hercules Metals said it increased its bought-deal financing to $45 million, and its shares rose 5.32%. New Found Gold released a revised preliminary economic assessment that puts the after-tax net present value of its Queensway project in Newfoundland at C$1.73 billion. Integra Resources reported third-quarter gold output of 17,652 ounces from Florida Canyon in Nevada, 8% above the second quarter.

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