By Adriano Marchese


Stocks trading in Toronto were lower at midday on Tuesday, amid renewed tensions between the U.S. and Europe about thet status of Greenland and following the reopening of markets in the U.S. following the Martin Luther King, Jr. Day holiday.

Most sectors were lower with commercial services, manufacturing and tech services the main laggards. Materials stocks were up, along with slight increases in process industries and energy shares.

The S&P/TSX Composite Index fell 0.6% to 32909.09 and the blue-chip S&P/TSX 60 declined by 0.7% to 1909.05.

Orla Mining's stock rose 11% to 23.42 Canadian dollars ($16.88) after the company said it expects to beat its 2025 gold production guidance and analyst estimates, and outlined growth targets for 2026.


Other market movers:

Silvercorp Metals' shares rose 2.3% to C$16.94 after the company struck a deal to buy majority control of gold projects in Kyrgyzstan for $162 million, bolstering its portfolio with Soviet-era assets. Silvercorp signed a share purchase agreement with Chaarat Gold Holdings, and a cooperation agreement with Kyrgyzstan's National Investment Agency.


Write to Adriano Marchese at adriano.marchese@wsj.com


(END) Dow Jones Newswires

01-20-26 1240ET