FINWIRES · TerminalLIVE
FINWIRES

International Tower Hill Mines Awards Feasibility Study Contracts for Livengood Project in Alaska

By

International Tower Hill Mines (ITH.TO) has awarded contracts for a phase-one feasibility study on the Livengood gold project in Alaska, the company said Wednesday.

The company appointed a consortium comprising BBA Consultants USA LP, Hatch, Newfields Mining Design and Technical Services, Resource Development Associates and JDS Energy and Mining to lead the study.

Alloy Drilling has also commenced core drilling to support the feasibility study.

The metallurgical testwork on this fresh core will focus on evaluating opportunities to enhance gold recoveries and overall project economics amid higher gold prices, the company said.

Price: $3.72, Change: $-0.18, Percent Change: -4.62%

Related Articles

Mining & Metals

CIBC Confirms Outperformer Rating on kneat.com and Raises Target to $6.25 on Strategic Review Confirmation

CIBC Capital Markets maintained its outperformer rating on the shares of kneat.com (KSI.TO) and raised its price target to C$6.25 from C$5.50 after the company confirmed that it started a strategic in February 2026 to explore potential strategic options.The bank sees kneat as "attractive" for both strategic and financial buyers, given its "leading position in digital validation software for regulated industries (used by eight of the world's top 10 pharmaceutical manufacturers) and strong recurring revenue growth (~$74MM ARR, +33% Y/Y SaaS revenue in 2025)"."With strategic optionality now adding upside potential, we maintain our Outperformer rating on Kneat, and we have adjusted our valuation approach to blend our standalone intrinsic value with a scenario-weighted takeout value, resulting in a price target of $6.25 ($5.50 prior)," said analyst Erin Kyle. "We agree that ArisGlobal and Blue Mountain, which both serve major pharma customers would be logical bidders in terms of product fit and customer base."The bank also expects management to have a preference for an acquirer with experience scaling software and familiarity with the life sciences space, in a scenario where kneat decides to sell itself."Given Kneat's high gross margin and mission-critical software, we could see a scenario where a higher-than-average premium (40%-50%) is offered, resulting in 8.3x sales or $6.75/sh," said Kyle.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $5.30, Change: $+0.03, Percent Change: +0.57%

$KSI.TO
Mining & Metals

CIBC Lifts Paramount Resources' Price Target to C$34.50 from C$31

CIBC Capital Markets on Tuesday maintained its outperformer rating on the shares of Paramount Resources (POU.TO) while raising its price target to C$34.50 from C$31.00 after the oil and gas producer reported first-quarter results.With improved well results at Willesden Green and the earlier-than-anticipated start-up of phase two at the Alhambra gas plant, capital efficiencies are improving for Paramount, CIBC said.The company's increased production and reduced capital spending guidance drives a higher cash flow forecast in CIBC's model for 2026 and 2027.As a result, CIBC raised the company's price target, based on a 2027 target EV/DACF multiple of 6.0x."We expect the commissioning of Phase 2 at the Alhambra gas plant, along with corresponding well results, to serve as catalysts heading into H2/2026," CIBC said.Price: $30.31, Change: $-0.58, Percent Change: -1.88%

$POU.TO
Mining & Metals

CIBC Raises Freehold Royalties' Price Target to C$18.50 from C$18.00 Following Q1 Results

CIBC Capital Markets on Tuesday reiterated its neutral rating on the shares of Freehold Royalties (FRU.TO) while raising its price target to C$18.50 from C$18.00 following the company's first-quarter results.The higher price target was based on a target 2026E EV/DACF multiple of 11.5x, CIBC said.Freehold's cash flows in the first quarter aligned with expectations on slightly lower-than-expected production volumes, CIBC said."Activity levels were surprisingly weak in the U.S. for FRU, but this was offset by strong activity in Canada," CIBC said. "We believe U.S. activity should inflect for FRU, based on positive H2/26 commentary from U.S. drillers and operators."Freehold is trading at a 2026 estimated EV/DACF of 11.0x and a free cash flow yield of 9%, compared with royalty peers at 15.7x and 6%, respectively, CIBC said.Price: $17.55, Change: $-0.20, Percent Change: -1.13%

$FRU.TO