Bay Street stocks dived at open Tuesday amid selling across a variety of sectors, with the S&P/TSX Composite Index losing 104.39 points or 0.88 percent to 11,756.27.
The Diversified Materials Index lost 1.50 percent, with First Quantum Minerals (FM.TO), Inmet Mining (IMN.TO) and Teck Resources (TCK_B.TO) losing around 2 percent each.
Among gold plays, Detour Gold (DGC.TO) lost over 4 percent. Royal Gold (RGL.TO) and Goldcorp. (G.TO) were down around 2 percent each.
In the oil patch, Vermilion Energy (VET.TO) and MEG Energy (MEG.TO) lost around 2 percent each.
Junior oil and gas company Second Wave Petroleum (SCS.TO) plummeted nearly 30 percent after the company's Board of Directors elected to terminate the corporate strategic alternatives review process, announced on February 28, 2012.
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