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Gold Terra Hits 4.57m @ 11.2g/t Gold At Yellorex Gold Zone Along Campbell Shear Structure

Source: The Critical Investor   10/03/2021

The Critical Investor catches up with Gold Terra management about the first results of their Phase…

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This article was originally published by The Gold Report

Source: The Critical Investor   10/03/2021

The Critical Investor catches up with Gold Terra management about the first results of their Phase 2 drill program at the Yellorex target at the Campbell Shear, part of their Yellowknife City Gold project in Northwest Territories, Canada.

Drilling at Yellorex, Campbell Shear

With the highly anticipated Phase 2 drilling program underway since July 16th, testing the Campbell Shear at the Yellorex zone immediately south of the Con Mine (Yellowknife City Gold project, Northwest Territories, Canada) and optioned from Newmont, Gold Terra Resource Corp. (YGT:TSX.V; YGTFF:OTC; TXO:FRANKFURT) was finally able to announce the first drill results. The assays of hole GTCM21-014 came back from the lab, and it was a solid result, with 4.57m @ 11.22g/t Au from 357m.  As a quick reminder, the Campbell Shear produced approximately 5 of the 6 million ounces of gold produced at the former Con Mine (1938-2002), is the main reason Executive Chairman Gerald Panneton (of Detour Gold fame) joined the company, and is the priority target for management.

 

To date, the company has completed 8 holes totaling 2,770m from their Phase 2 drill program, and is testing another part of the Campbell Shear Structure, over a strike length of 1km, and also a depth of 1km. Gold Terra already encountered high grade gold during Phase 1 drilling (for example hole GTCM21-005 with 4.65m @ 14.1g/t Au). This Phase 2 drilling takes place at the claims under option from Newmont, and these are arguably the most interesting claims Gold Terra has, as the northern tip of these claims contains the part of the Campbell Shear that is adjacent to and on strike with the Con Mine, that produced 5Moz Au in the past. On a sidenote, Newmont owns the historic Con Mine itself.

Below is a map in more detail:

As can be seen on the map above, Gold Terra is looking to drill more to the north, towards the historic main orebody of the Con Mine (represented by the “5Moz Mined” tag). Future Phase 2 drilling will not only test the further extension of this zone, but will test additional shoots indicated by historical exploration, broadening the prospective target area for Yellorex. As can be seen in the section below, hole GTCM21-014 confirms the plunge continuity of the high-grade shoot intersected in hole GTCM21-005:

The current program is concentrating on the Yellorex Zone and South Con Mine area with a 50 to 100 metre drill spacing along strike and down dip. Compilation work has shown that the strong sericite alteration and quartz veined gold system is dipping to the west and steeply plunging to the south with an interpreted plunge length of more than 1.5 kilometres. The drill program will follow this plunge to test the continuity of the high-grade gold lenses at depth and along strike.

After talking to CEO David Suda, the plunging system is projected to reach estimated depths of below 750m to potentially 1,000m. The plan is to go deeper in 100m increments, following successful Yellorex mineralized intercepts. This is a welcome development, because as you probably know, in my view any multi-million ounce gamechanger potential at the Campbell Shear (this is the reason why Executive Chairman Panneton from Detour fame joined the company) should be searched for at depths below 500m, analogous to the nearby Con Mine, where the main orebody (5Moz Au) was found between -650m and -1800m, as can be seen in this long section across the Campbell Shear from north to south:

Besides simply aiming deeper with the drill bit, it is also a question of finding the mineralization styles that host high-grade gold. High-grade gold seems to occur within wider alteration zones with pervasive anomalous gold values, and these characteristics act as vectors to high-grade gold which will assist future drill programs on the Campbell Shear. Smoky quartz and sericite alterations are seen as favorite characteristics, and this was again confirmed at recent hole GTCM21-14.

Keep in mind this beautifully mimics the historically identified geological controls in the Con Mine, which consists of strongly sericitized and sheared mafic volcanic rock associated with arsenopyrite, pyrite and stibnite mineralization with the highest-grade gold in smoky quartz veins. CEO David Suda was quick to confirm this conformation in the latest news release:

“The Yellorex zone shows strong potential to add to our current resource of 1.2 million ounces of gold and underscores the significance of the Newmont Option Agreement to the future of the project. We are very pleased with the assay results from the first Phase 2 drill hole which confirm excellent continuity of the zone 80 metres below hole GTCM21-05 and reaffirms the validity of our geological interpretation. “

I’m curious for further stepouts along strike, but first we have to await the assays of the other 7 completed holes. According to Suda, we can expect the results to be announced around mid- October. As the Phase 2 drill program will see 10,000m of drilling and just 2,770m is completed, there is still 7,230m to go. The plan is to step out at 50 or 100m spacings, with the last holes hitting targets at or below 500m depth, as the geologists are following the mineralization down plunge, of which the trajectory and depths aren’t clear yet. In the following section the 3 red arrows make it clear that current mineralization is considered open at depth:

Management estimates the timeline for drilling the deepest holes to happen around late fall/ early winter, with the results hopefully coming back from the lab at early winter. During the summer, the last results of the 7,242m Phase I drill program were announced, and when looking at the same section again, it is clear why the current drilling is focusing on expanding Yellorex:

When estimating a mineralized envelope of Yellorex, I arrived at a hypothetical tonnage of length * width * thickness * density of 500m * 300m * 5m * 2.75t/m3 = 2Mt. The majority of mineralization (about 75%) is indicated by 5-20 gram*meters, about 25% by 20-50 gram*meters. On average I’m assuming an average grade at 5m thickness of 4 g/t Au, already resulting in a hypothetical 250koz Au, which would be a nice start for sure, hypothetically increasing the total resources to 1.45Moz Au for Gold Terra.

Keep in mind, the future resource potential with its exploration risks isn’t all there is for Gold Terra, the current resource of 1.2Moz Au is a pretty solid base for the company, as I estimated the economic potential at an after-tax NPV8 of US$235M in an earlier article, which would be 8 times the current market capitalization. A market cap which is becoming cheaper and cheaper, also due to tax loss selling, considering what Gold Terra owns. The treasury contains CA$3.9M, and the company has future plans to raise cash in the markets soon for additional drilling in 2022.

Conclusion

The first 8 holes of the Phase 2 drill program at Yellorex have been completed, and the first assay was received from the lab. An intercept of 4.57m @ 11.2g/t Au is solid, and surely will add ounces to the Yellorex envelope, already estimated by me at a hypothetical 250koz Au. It is my strong conviction that potentially game changing mineralization is located at depth, and fortunately Gold Terra has designed the Phase 2 program to target this as well. The deeper holes are expected to be completed late fall/early winter with assays coming back in early winter, and by that time it might be quite interesting to be a shareholder.   

I hope you will find this article interesting and useful, and will have further interest in my upcoming articles on mining. To never miss a thing, please subscribe to my free newsletter on my website www.criticalinvestor.eu, in order to get an email notice of my new articles soon after they are published.

The Critical Investor is a newsletter and comprehensive junior mining platform, providing analysis, blog and newsfeed and all sorts of information about junior mining. The editor is an avid and critical junior mining stock investor from The Netherlands, with an MSc background in construction/project management. Number cruncher at project economics, looking for high quality companies, mostly growth/turnaround/catalyst-driven to avoid too much dependence/influence of long-term commodity pricing/market sentiments, and often looking for long-term deep value. Getting burned in the past himself at junior mining investments by following overly positive sources that more often than not avoided to mention (hidden) risks or critical flaws, The Critical Investor learned his lesson well, and goes a few steps further ever since, providing a fresh, more in-depth, and critical vision on things, hence the name.

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The author is not a registered investment advisor, and currently has a long position in all stocks mentioned. Gold Terra is a sponsoring company. All facts are to be checked by the reader. For more information go to the website of the companies and read company profiles and official documents on www.sedar.com, also for important risk disclosures. This article is provided for information purposes only, and is not intended to be investment advice of any kind, and all readers are encouraged to do their own due diligence, and talk to their own licensed investment advisors prior to making any investment decisions.

All presented tables are my own material, unless stated otherwise.

All pictures, charts and graphics are company material, unless stated otherwise.

All currencies are in US Dollars, unless stated otherwise.

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5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own shares of Gold Terra, a company mentioned in this article.

 

( Companies Mentioned: YGT:TSX.V; YGTFF:OTC; TXO:FRANKFURT,
)





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Today’s News

Phoenix Gold Begins Phase 2 Drilling at York Harbour Cu-Zn-Ag-Co Project in Newfoundland

 

Vancouver, British Columbia – TheNewswire – October 27, 2021 – Phoenix Gold Resources Corp. (TSXV:PXA) (OTC:PGRCF) (Frankfurt:5DE) (“Phoenix…

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Vancouver, British Columbia – TheNewswire – October 27, 2021 – Phoenix Gold Resources Corp. (TSXV:PXA) (OTC:PGRCF) (Frankfurt:5DE) (“Phoenix Gold” or the “Company”) is pleased to report that Phase 2 diamond drilling has begun on its York Harbour Mine Property (“York Harbour” or the “Property”) in western Newfoundland, Canada. Three drill holes have been completed during the past 10 days of a planned 27-hole diamond drilling program totalling an estimated 4,225 metres.

The on-site project geologist has reported that the latest drill hole YH21-14 intersected semi-massive and massive volcanogenic sulphide (‘VMS’) mineralization from a drilling length of 105 to 120 m.  After geological and geotechnical logging the drill core from holes YH21-13 and -14 will be transported to the Planet X Exploration facilities in Gander for sampling and later shipping to Actlabs in Ancaster, Ontario for rush ICP analyses and over-limit assaying.

Photographs of the drill core with the reported massive sulphide mineralization intersected by drill holes YH21-13 and 14 are shown as follows.


Click Image To View Full Size

 

       Massive sulphide in DDH YH21-13              Massive sulphide in DDH YH21-14

 

The Phase 1 drilling program was carried out from July 28th to August 14th.  This program, the first on the property since Wolfden Resources’ drilling in 2004, successfully validated historical drilling results with 6 of the 9 drill holes intersecting drill-indicated Cyprus-type VMS mineralization in the historical ‘A’, ‘G’ and ‘H’ zones and encountering similar mineralization both along strike and downdip of these zones.  Two diamond drill holes had to be abandoned when they encountered a wide fault zone, and a third hole intersected a section of the 400 Level adit where it lost circulation and was not completed to its intended depth.

At the present time the Company is awaiting the analytical results for 200 of 300 drill core samples from the Phase 1 diamond drilling program.  Selected mineralized intercepts from 4 of the 9 Phase 1 drill holes were reported in the Company’s news release dated October 12th.  A few of those mineralized intercepts that were previously reported for drill holes YH21-04, -06, -08 and –09 are as follows.

DDH

From

To

Interval

Copper

Zinc

Silver

Target Zone

No.

(m)

(m)

(m)

(%)

(%)

(gpt)

 

YH21-04

180.03

189.54

9.51

1.69

0.13

1.43

H Zone

YH21-06

146.26

194.05

47.79

0.85

0.57

1.49

H Zone

YH21-08

122.30

128.90

6.60

0.62

0.65

3.37

G Zone

YH21-09

5.00

14.54

9.54

1.69

0.11

2.83

A Zone

 

The Phase 2 diamond drilling program has been designed to firstly better delineate the known drill-indicated VMS mineralization for future resource estimations and to explore for additional similar mineralization both along strike and downdip.  Historical underground drill holes report a number of massive and semi-massive mineralized intercepts between and along strike of the known zones but without reported assays.  At two of these historical intercepts the latest drill holes YH21-13 and 14 have confirmed significant VMS mineralization.  Thus, the Phase 2 program will include both delineation and exploration drilling.

In addition to the Phase 2 drilling program exploration work on the property has also included re-locating the No. 4 Brook adit and massive sulphide showing situated approximately 1 km from the current drilling on the eastern limb of the folded volcanic sequence which hosts known VMS mineralization.  On October 16th several field personnel visited the site and reported approximately 15 m of massive and semi-massive sulphide mineralization, including pyrite, chalcopyrite and sphalerite, in a sheared zone near the sloughed-in adit.  This showing is currently accessible via a cut trail but will require upgrading for ATV and drill rig access.  A field crew is currently cutting channel samples across the visible mineralization with shipping and analysis to follow.  This showing is scheduled to be drill tested in early 2022.

Consulting mining engineers of Gemtec, based in St Johns, have been commissioned to apply for permitting approval to enter the 400 Level adit, and in the meantime the Company is investigating the use of a lidar drone to survey the adit this year.

The following figures show the proposed locations of the Phase 2 diamond drilling on the York Harbour property.  The red coloured and hatched bodies in Figures 2 and 3 are the two-dimensional, surface-projected images of the drill-indicated VMS mineralization.  The purple hatched body is the surface projection of the 400 Level adit.


Click Image To View Full Size

 

Figure 1: Plan View of Proposed Phase 2 Diamond Drilling Program, York Harbour Property

 


Click Image To View Full Size

 

Figure 2: Plan View of North Section of Proposed Phase 2 Diamond Drilling Program


Click Image To View Full Size

 

Figure 3: Plan View of South Section of Proposed Phase 2 Diamond Drilling Program

 

About the York Harbour Mine Property

 

The York Harbour Mine Property is located approximately 27 kilometres west of Corner Brook, NL and known to be prospective for its copper-zinc-silver-gold-cobalt massive sulphide deposits. The known mineralization exhibits characteristics consistent with classic mafic-type flow dominated (Cyprus-type) VMS deposits. Similar geological environments and styles of mineralization have formed relatively large copper-zinc deposits elsewhere in Newfoundland at Tilt Cove (9 Mt of between 1% and 12% copper) and in Cyprus at the Mavrovouni mine (15 Mt of 4% copper with zinc and gold); as noted in Messina Minerals Inc. 9th Year Assessment Report (2009).

 

Copper and zinc massive sulphides were first discovered at York Harbour in 1893. Since then a total of 2,134 metres of documented underground drifting and development have been completed for which documentation is available.  Drill core logs and sampling data is available for a total of 19,323 metres of historical drilling that tested eleven lenses or zones of copper-zinc-silver-gold-cobalt massive sulphide mineralization. These zones occur over a 600-metre strike length and many remain open for expansion both along strike and downdip.

 

Most historical exploration and underground development have been concentrated within a 350- metre long segment of a stratigraphic contact between lower and upper basaltic units, and within 150 metres of surface. An overturned synclinal fold is interpreted to extend and repeat the favourable mineralized horizon along the western portion of the property where surface prospects at the No. 4 Brook showing of copper- and zinc-bearing massive sulphides have been discovered and documented in outcrop but have received very little modern exploration attention.

 

J.D. Blanchflower, P. Geo. is a qualified person in accordance with National Instrument 43-101 who has reviewed and accepted the technical material contained in this news release.

 

For further information:

 

Andrew Lee CEO, President and Director

Telephone: 778-302-2257 | Email: [email protected]

Website: www.phoenixgoldresources.ca

 

Cautionary Statement Regarding Forward-Looking Information

 

This news release may contain “forward-looking information” and “forward-looking statements” within the meaning of applicable Canadian securities legislation. All information contained herein that is not historical in nature may constitute forward-looking information. Forward-looking statements herein include but are not limited to statements relating to satisfactory completion of due diligence and any acquisition under the Option and are necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to business, market and economic risks, uncertainties and contingencies that may cause actual results, performance or achievements to be materially different from those expressed or implied by forward-looking statements. Except as required by law, the Company disclaims any obligation to update or revise any forward-looking statements. Readers are cautioned not to put undue reliance on these forward-looking statements.

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

 

Copyright (c) 2021 TheNewswire – All rights reserved.

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Economics

7 A-Rated Energy Stocks to Buy Before Winter Strikes

The fact that the Federal Reserve is contemplating shifting its easy money policies as early as mid-November shows that inflation isn’t as transitory…

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The fact that the Federal Reserve is contemplating shifting its easy money policies as early as mid-November shows that inflation isn’t as transitory as thought a couple months ago. And that’s great news for energy stocks.

When inflation rises, the dollar weakens as interest rates rise. That means it takes more dollars to buy commodities like oil, for example. Certainly, the supply chain problems have something to do with this but it’s also a lack of supply that started during the pandemic last year.

Now, demand bounces back — until the delta variant slowed things down again — but it’s tough to ramp up production in a quarter or two. It’s certainly a unique situation.

But that doesn’t mean you have to wait until things get better before stepping into the market. Energy stocks like the ones below can be a great addition now, as we see that energy prices will remain high for some time to come. Another noteworthy aspect of these stocks is that each has an A-rating in my Portfolio Grader.

  • Continental Resources (NYSE:CLR)
  • ConocoPhillips (NYSE:COP)
  • Diamondback Energy (NASDAQ:FANG)
  • Marathon Oil (NYSE:MRO)
  • HollyFrontier (NYSE:HFC)
  • ONEOK (NYSE:OKE)
  • Royal Dutch Shell (NYSE:RDS.A, NYSE:RDS.B)

Energy Stocks to Buy: Continental Resources (CLR)

Source: Maksym Vynohradov / Shutterstock.com

Exploration and production (E&P) companies are also called upstream energy companies. That means they’re the ones finding oil and natural gas and then selling it downstream.

CLR is an E&P player that primarily works out of the Bakken Shale in North Dakota and Montana. Its energy leans more toward oil than natural gas but it produces both. And both are in great demand, especially in global markets.

Since extraction costs are more or less fixed for E&P companies, the higher the price of oil and gas means the bigger the margins. And that’s precisely why CLR stock is up 203% year-to-date. But even after that run, its current price-to-earnings ratio is 48x. That’s a little high, but there’s a good chance earnings will be rolling in to justify it.

ConocoPhillips (COP)

a sign in front of the Conoco Philips office buildingSource: JHVEPhoto / Shutterstock.com

COP is a global E&P player with a nearly $100 billion market cap that also operates some midstream (pipelines, transportation) services to move production to demand markets.

This is a good time for COP since natural gas is in high demand in Europe and Japan, and oil is in demand in China. With a global E&P and distribution operation, COP can supply them with what they need efficiently. And COP can realize expanding profit margins.

The stock has risen 95% YTD and is richly valued. But this is the way the energy markets work — big swings in either direction — and we’re in an multi-year uptrend now. Earnings will catch up.

COP also still has a 2.5% dividend, which isn’t beating inflation, but it’s a nice kicker.

Energy Stocks to Buy: Diamondback Energy (FANG)

Image of an oil filed at the Permian Basin.Source: FreezeFrames / Shutterstock.com

FANG is a land-based U.S. E&P that has operations primarily in the Permian Basin, an energy-rich area in West Texas and Southeast New Mexico. The company has numerous properties in the basin and uses unconventional drilling methods — fracking and horizontal drilling — to access the reserves.

About 60% of its production is oil, another 20 is natural gas and the remaining 20% in natural gas liquids (NGLs). All these products are in high demand.

The trouble is, FANG has been struggling to keep its earnings in positive territory recently unlike other energy stocks. This shouldn’t be a problem moving forward, now that global energy demand has kicked into gear.

FANG stock has gained almost 130% YTD and has a 1.6% dividend. There’s still plenty of upside left.

Marathon Oil (MRO)

Marathon Oil (MRO) gas station carport on sunny day with blue sky backgroundSource: Jonathan Weiss/shutterstock.com

Like other E&P plays, earnings haven’t been great for MRO as we slowly emerge from the pandemic and the delta variant wave. But now we’re in recovery mode and demand it rising in all sectors, including energy stocks.

That’s great news for MRO, which has been drilling for black gold since 1887. And with that kind of legacy, today’s markets aren’t anything new to this company. It has seen a few things just as crazy since Grover Cleveland was president.

MRO stock is up 146% YTD and has a sub-1% dividend. But we’re not concerned about dividends now. This is about energy demand growth, and MRO will be a beneficiary.

Energy Stocks to Buy: HollyFrontier (HFC)

Pipelines in the desertSource: bht2000 / Shutterstock.com

Once you get the black stuff out of the ground and ship it along a pipeline, the business of turning it into viable products begins at the refinery. And that’s where HFC comes in. It operates about a half dozen oil refineries and three asphalt terminals.

In energy parlance, refineries are part of downstream operations, along with distribution and marketing to retailers and wholesalers. This is a key part of the process since getting the oil out of the ground doesn’t mean much if it can’t be refined in a timely manner.

HFC is one of the smaller refiners in the U.S. — it has a $6 billion market cap — which means its gains will amplify in current markets. The stock is up 43% YTD and still trades at a decent current P/E around 31x.

ONEOK (OKE)

Image of a gas burner with a blue flameSource: Shutterstock

Founded in 1906 as the Oklahoma Natural Gas Company, OKE is a leading natural gas and NGL marketer in the U.S. NGLs are derivatives found in raw natural gas that are then used in various industrial processes or for fuel.

The most common are ethane (plastic bags, anti-freeze), propane (fuel), butane (synthetic rubber, lighter fuel), isobutane (refrigerant, aerosols), pentane (gasoline) and pentanes plus (gasoline, ethanol).

The U.S. is like the Saudi Arabia of natural gas supplies. Even as prices have risen domestically, overseas prices are triple or are higher than they are here, which makes for great export opportunities.

This is a very good time for natural gas companies regardless of where they sit in the supply chain. And OKE is a sure beneficiary of the current demand but also a growing transition to cleaner burning (more efficient) fuels, which also boosts its interest with ESG investors.

OKE stock is up 75% YTD yet it only has a current P/E of 22x and offers an inflation-pacing 5.8% dividend.

Energy Stocks to Buy: Royal Dutch Shell (RDS.A)

The Royal Dutch Shell (RDS.A, RDS.B) logo on a gas station in Iceland.Source: JuliusKielaitis / Shutterstock.com

As measured by revenue, Shell is among the largest companies in the world. That’s some rarified air. But if you can recall a few years ago, when energy prices were headed in the opposite direction as they are today, RDS.A wasn’t very attractive. It had cut its dividend and was tightening operations, shuttering wells … the whole nine yards.

But in good times, the big integrated oil companies are like the desert blooming after a rain. Big energy stocks can grow their margins upstream, midstream and downstream. And just a little growth in margins is huge when you’re talking about the scale of RDS.A.

Plus, Shell is actively looking to establish itself in renewable and alternative energy markets as well. For example, it can convert some of its natural gas into “blue” hydrogen and then begin to use its filling station networks as distribution points.

The stock has risen 35% YTD and it has a P/E of 34x. It also has a 2.6% dividend that’s unspectacular but dependable.

On the date of publication, Louis Navellier has a position in COP in this article. Louis Navellier did not have (either directly or indirectly) any other positions in the securities mentioned in this article. The InvestorPlace Research Staff member primarily responsible for this article did not hold (either directly or indirectly) any positions in the securities mentioned in this article.

The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

Louis Navellier, who has been called “one of the most important money managers of our time,” has broken the silence in this shocking “tell all” video… exposing one of the most shocking events in our country’s history… and the one move every American needs to make today.

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Economics

TSX’s winning streak ends as most sectors fall, loonie down

Well the green streak is over it lasted 14 straight trading sessions Tuesday October 26 saw the TSX Composite Index drop 0 52 per cent or 111 39 points…

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Well, the green streak is over, it lasted 14 straight trading sessions. Tuesday, October 26, saw the TSX Composite Index drop 0.52 per cent or 111.39 points to 21,173.45 points.

Bar financials, every other major sector lost ground. Still, this is only the second trading session the index closed in the red in October.

One-year price chart (October 26). Analysis by Kalkine Group

Volume active

The most traded stock was the Royal Bank of Canada with 11.49 million shares exchanging hands. It was followed by Athabasca Oil Corporation where eight million shares exchanged hands, and the Bank of Montreal with 5.78 million shares exchanging hands.

Movers and laggards

 

Ticker

Company Name

1-day Price % Change

Top-5 Gainers

CLS

Celestica Inc

7.2%

SIL

Silvercrest Metals Inc

6.1%

HCG

Home Capital Group Inc

3.9%

EQB

Shopify Inc

3.9%

CTS

Converge Technology Solutions Corp

3.2%

Top-5 Laggards

DOO

BRP Inc

-8.0%

SOY

Sunopta Inc

-4.7%

CS

Capstone Mining Corp

-4.7%

SHOP

Shopify Inc

-4.4%

IFP

Interfor Corp

-4.0%

 

Wall Street update

The Fed is expected to meet early next week. On Tuesday, the three main indices grew marginally after they rallied on market open and fell by afternoon then stabilizing before close.

The S&P 500 gained 0.18 per cent or 8.31 points to 4,574.79 points. The Dow was up 0.04 per cent or 15.73 points to 35,756.88 points and the Nasdaq grew 9.01 points or 0.06 per cent to 15,235.72 points.

Commodity update

Gold fell 0.74 per cent and traded at 1,793.40. Brent oil rose 0.48 per cent to US$ 86.40/bbl, while crude oil grew 1.06 per cent to 84.65/bbl.

Currency news

The loonie fell against the US dollar on October 26, while USD/CAD ended in the green at 1.2388, up 0.06 per cent.

The US Dollar Index was better off against the basket of major currencies Tuesday and ended at 93.96, up 0.15 per cent.

Money market 

Tuesday saw the US 10-year bond yield fall 1.4 per cent and end at 1.610.

The Canada 10-year bond yield fell 1.27 per cent on October 26 and ended at 1.632.









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