Andean Precious Metals (APM.TO) intends to launch a normal course issuer bid after the Toronto Stock Exchange accepted its notice of intention to do so, the company said over the weekend.
The NCIB will allow the company to purchase up to 4 million shares in total, representing approximately 2.65% of the company's around 151 million issued and outstanding shares as at June 22, 2026, stated the company.
The buyback will happen during the one-year period starting July 2, 2026, said the company.
Coppernico Metals (COPR.TO) after trade Friday said it closed a private placement, raising C$5.5 million.The company placed of 15.7-million units priced at C$0.35 each and made up of a share and a two-year warrant to buy a share for C$0.50."The financing is timely, with several key near-term milestones being pursued relative to completing key permits and other initiatives for our next phase of growth and an exciting second half of 2026 for the company," Chief Executive Ivan Bebek said.The securities issued under the offering are not subject to a hold period under Canadian securities laws. The Toronto Stock Exchange has conditionally approved the listing of the shares and any shares issued upon warrant exercise, with final approval expected after the company files customary closing documents, according to the statement.
The Toronto Stock Exchange rose on Friday as investors assessed easing geopolitical tensions in the Middle East and fresh economic data that reinforced expectations for a potential Bank of Canada interest-rate cut.The S&P/TSX Composite Index closed up 129.79 points, or 0.37%, to 34,980.00, with sectors closing mixed.Battery Metals Index led gainers, up 1.54%, with Information and Technology, Industrials and Utilities, up 1.18%, 0.75%, and 0.58%, respectively. Health Care led decliners, down 0.97%, while Telecom, down 0.42%, Base Metals, down 0.56%, Energy, down 0.25%, and Financial, down 0.15%.In commodities, gold remained mostly steady on Friday, rising off multi-month lows as the U.S. dollar fell off a seven-month high. The precious metal for August delivery was last seen up 1.3% to US$4,098.00 per ounce.Meanwhile, the West Texas Intermediate (WTI) crude oil closed at a four-month low as ships resumed moving through the Strait of Hormuz, easing concerns over supply disruptions in the Persian Gulf following the outbreak of the Iran conflict on Feb. 28. WTI crude oil for August delivery closed down 3.7% to settle at US$69.23 per barrel, the lowest since Feb. 27, while August Brent crude was last seen down 4.3% to US$72.03 per barrel.The decline came after shipping through the Strait of Hormuz resumed, a day after reports that Iran had attacked a vessel transiting the waterway in Omani waters. The incident prompted the International Maritime Organization to suspend an evacuation plan for ships stranded in the Persian Gulf. However, ships are again moving through the Strait, with hormuzstraitmonitor.com reporting 62 ships have moved out of the Gulf in the past day.Statistics Canada said in its latest report wholesale sales are estimated to have slipped in May, partly due to weaker activity in the machinery, equipment and supplies subsector. Wholesale sales, excluding oil, oil products, other hydrocarbons and excluding oilseed and grain, are estimated to have fallen 0.7% month-on-month in May, StatsCan said in its advance estimate on Friday. This estimate is based on a 70.4% weighted response rate, below the 12-month average final response rate of 82.9%, added StatsCan.On the economic front, investors also assessed fresh labor-market signals and their implications for the Bank of Canada's rate path. Rosenberg Research said Friday it does not see wage-driven inflation pressures emerging in Canada despite April's average weekly earnings rising at their fastest annual pace in 12 months, according to payroll data released Thursday.Rosenberg pointed to the Bank of Canada's June 10 Summary of Deliberations, which said the economy remained weak, was operating with excess supply and continued to show labor market slack. "We do not fear wage-push inflation," stated Rosenberg.The Canadian Survey of Employment, Payrolls, and Hours (SEPH) payrolls rose by 22,000 in April, up from 5,700 in March, a solid monthly gain, pointed out Rosenberg. However, underlying labor conditions remain weak, with combined labor demand -- payrolls and vacancies -- just above zero, in line with subdued economic growth.Against this backdrop, Rosenberg said it still views the balance of risks as tilted toward a potential Bank of Canada rate cut.Additionally, BMO Capital Markets said that divergences in country's labor market reports were "surprising" and a reminder that one piece of data won't always capture the "complex" job market. Statistics Canada's SEPH showed jobs rose by 22,000 in April, while the Labour Force Survey posted an 18,000 decline for the same month, Senior Economist Shelly Kaushik wrote in a note.This is "a good reminder that no one statistic or report can fully capture something as complex as the job market," said Kaushik. The divergence reflects structural differences as the SEPH counts payroll jobs excluding self-employment, while the LFS counts individuals and includes self-employed workers, according to the bank.On the housing front, a new survey suggested affordability concerns have spread well beyond Canada's largest cities. The majority of Canadians, or 70%, consider local home prices to be high, either unreasonably or understandably so, compared with a decade ago, when opinions were more evenly split between those who viewed prices as reasonable and those who viewed them as unreasonable, the Angus Reid Institute said Friday.Ten years ago, housing affordability was primarily an issue in Vancouver and Toronto, but it has since become a national concern, according to the survey. The most notable shift has been in previously more affordable cities such as Calgary, Winnipeg, Montreal and Halifax, where perceptions that homes are overvalued have increased significantly, Angus Reid said.
Visionary Metals (VIZ.V) said Friday afternoon it closed a share-unit financing, raising C$7.44 million.The company said it placed 31-million units at $0.24 per unit, including a C$1.2 million investment from Teck Resources (TECK-A.TO, TECK-B.TO). Each unit consists of a share and one half of a three-year warrant to buy a share for C$0.36 for 36 months.Each unit consists of a share and one half of a three-year warrant to buy a share for C$0.36 for 36 months. Of the total units issued, 19.7 million were sold under the LIFE and 11.3 million through a concurrent private placement, the company said.The company said at least C$2.4 million of the proceeds, along with Teck's direct funding, will be used to support diamond drilling at its Tin Cup and King Solomon nickel-copper projects. About C$1.33 million will be used to repurchase shares from a shareholder's estate, with the remaining funds allocated to advancing the Slipstream copper-gold-silver project and for general corporate purposes.Price: $0.30, Change: $-0.03, Percent Change: -9.09%