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Mining & Metals
Trident Intersects Best Drill Results to Date at Contact Lake Project in Saskatchewan
Trident Resources (ROCK.V) intersected its best drill result to date at the Contact Lake gold project in Saskatchewan, the company said Wednesday.Trident drilled 15.11 grams per tonne (g/t) gold over 51.83 meters in hole CL26036, representing" a rare, high-grade result in Canadian gold exploration," the company said.The company also reported high-grade gold values from a broad zone of variably sheared host rocks within and adjacent to the Bakos Shear Zone. Other results include 5.07 g/t gold over 21.50 meters."What makes these results particularly compelling is the fact that mineralization remains open in all directions, highlighting the significant growth potential we see across the system," Chief Executive Officer Jon Wiesblatt said."We are seeing high-grade gold associated with multiple, parallel shear zones in drilling which is exciting as the potential convergence of these zones at depth represents an untested high-priority drill target," Wiesblatt added.An additional 15 drill holes are pending from Contact Lake, targeting the high-grade BK3 zone. The company also plans to conduct drill programs in summer and fall.
$ROCK.V
Research
Research Alert: Garmin Posts Q1 Earnings Beat And In-line Revenue
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:GRMN delivered exceptional Q1 2026 results with record revenue of $1.75B (+14% Y/Y) and pro forma EPS of $2.08 (+29% Y/Y), demonstrating strong operational leverage as operating margins expanded 290 bps to 24.6%. The quarter showcased significant margin expansion with gross margins improving 180 bps to 59.4% while operating income surged 30% to $431.7M. The Fitness segment led performance with exceptional 42% growth to $546.8M, while Aviation (+18%) and Marine (+11%) maintained strong double-digit trajectories, though Outdoor declined 5% against tough comparisons. Auto OEM realized 1% Y/Y growth. We believe the quarter demonstrates GRMN's ability to drive profitability growth significantly exceeding top-line expansion across its diversified portfolio. The company's robust $4.31B cash position and $469.4M free cash flow generation provide strategic flexibility for continued innovation and capital returns. Management maintained its confident full-year guidance of $7.9B revenue and $9.35 pro forma EPS for 2026.
$GRMN
International
German Flash Annual Inflation Rises to 2.9% in April
Germany's annual inflation rate rose to 2.9% in April from 2.7% in March, according to provisional data from the country's Federal Statistical Office published Wednesday.The latest reading is below the consensus estimate of 3%.On a monthly basis, consumer prices were 0.6% higher, against the previous 1.1% increase and the expected 0.7% rise.The annual harmonized inflation rate was 2.9%, compared with the prior 2.8% and the market forecast of 3.1%. Meanwhile, harmonized consumer prices were up 0.5% month over month, against the previous reading of a 1.2% gain and the expected 0.8% rise.
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