CANADA STOCKS-TSX falls with gold miners; most others gain

Tue Oct 4, 2016 10:36am EDT
 
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(Adds details on specific stocks, sectors; updates prices)

* TSX down 38.68 points, or 0.26 percent, at 14,650.36

* Eight of the TSX's 10 main groups were higher

* Materials sector falls 4.1 percent

TORONTO, Oct 4 (Reuters) - Canada's main stock index fell on Tuesday as gold miners' shares plunged on major shutdowns and the precious metal hit its lowest since Britain's shocking vote to leave the European Union in June.

The materials group, which includes precious and base metal miners and fertilizer companies, lost 4.1 percent, while a global gold index heavily populated by Canadian miners dropped 5 percent.

Both measures had risen steadily this year until August and have faltered since.

Barrick Gold Corp lost 5.8 percent to C$21.47, and Goldcorp Inc fell 6.1 percent to C$19.41. Both miners, among the world's largest, are dealing with forced closures.

A string of other gold miners also featured among the heaviest weights, with Yamana Gold Inc down 8 percent at C$5.18 and Kinross Gold Corp off 7.1 percent at C$5.01.   Continued...