FINWIRES · TerminalLIVE
FINWIRES

Denison Mines Begins Construction at Phoenix ISR Uranium Mine in Saskatchewan

By

Denison Mines (DML.TO) said Monday that it has progressed to full-scale construction at the Phoenix In-Situ Recovery uranium mine in Saskatchewan.

Preparatory works at the site began in March, and included starting the perimeter freeze wall installation for phase 1 of the mine, Denison said in a statement.

Denison Mines chief executive David Cates said construction work is expected to "accelerate" through the rest of the summer. ISR mining involves leaving ore where it is in the ground and recovering minerals through dissolving them, according to the World Nuclear Association.

Related Articles

Mining & Metals

Topaz Energy Misses Q2 Estimates, Raises 2026 Royalty Production Outlook

Topaz Energy (TPZ.TO) reported second-quarter adjusted net income of C$45.79 million, or C$0.29 per share, up from C$26.03 million, or C$0.17, a year earlier. It missed FactSet estimates of C$0.30 per shareThe oil and gas infrastructure and royalty company said total revenue and other income rose to C$111.21 million in the quarter from C$81.19 million. It missed FactSet estimates of C$122.00 millionDuring the second quarter, the company completed a C$38.7 million tuck-in royalty acquisition in its core operating area, adding developed and undeveloped royalty interests with multi-zone, liquids-rich natural gas and oil exploration upside.Topaz also declared a third-quarter dividend of C$0.35 per share, or C$1.40 per share on an annualized basis, representing a trailing annualized yield of 4.3% based on the company's current share price.In its guidance, Topaz said YTD 2026 average royalty production of 24,420 boe/d exceeds its previously announced 2026 royalty production guidance of 23,900 boe/d, reflecting strong performance and increased activity therefore Topaz has increased the annual average royalty production guidance range to 23,900 boe/d to 24,300 boe/d.Based on updated estimates, Topaz's 2026 exit net debt is estimated between $435.0 and $440.0 million, before consideration of incremental acquisitions, the company said.

$TPZ.TO
Mining & Metals

Celestica Q2 Earnings and Revenue Beat Estimates; Raises 2026 Outlook

Celestica (CLS.TO, CLS) reported second-quarter adjusted earnings of $2.54 per share after the market close Monday, up from $1.39 a year earlier. The result exceeded the company's guidance of $2.14 to $2.34 per share and the FactSet consensus estimate of $2.27.Adjusted net earnings, excluding most one-time items, for the three months ended June 30 rose to $295.4 million from $161.2 million in the prior-year period.Revenue rose to $4.70 billion from $2.90 billion a year earlier, topping the FactSet consensus estimate of $4.33 billion.For the third quarter, the AI-infrastructure company expects revenue of $5.25 billion to $5.55 billion and adjusted earnings of $2.88 to $3.08 per share.While for full 2026 financial year, the company expects a revenue of $20.5 billion (previous outlook $19.0 billion) and adjusted EPS of $11.30 (previous outlook $10.15).The company's shares were last seen up $28.29, or 9%, to $346.11 in after-hours New York trading. They closed up C$19.42 to C$449.49 on Toronto Stock Exchange on Monday.

$CLS.TO
Mining & Metals

TFI International Posts Higher Second-quarter Adjusted Earnings, Revenue; Q3 EPS Outlook Set

TFI International (TFII.TO) after trade Monday reported second-quarter adjusted earnings of $1.85 per diluted share, up from $1.34 per diluted share a year earlier.Analysts polled by FactSet expected $1.60.Revenue for the quarter ended June 30 was $2.29 billion, up from $2.04 billion a year ago.Analysts expected revenue of $2.22 billion.The company said it expects third-quarter adjusted diluted earnings per share to be in the range of $1.70 to $1.80 "assuming no significant positive or negative change in the operating environment."

$TFII.TO