Silver Mountain Reports High-Grade Silver Results From Sampling Program Near Reliquias Mine, Peru

Altus Group Completes C$200 Million Share Buyback

Altus Group (AIF.TO) bought back nearly 3.85 million of its shares at C$52 each under a share repurchase program, for an aggregate purchase price of about C$200 million, the company said Friday.After the buyback, the company now has about 35.8 million shares outstanding. "Since the SIB was oversubscribed, shareholders who made auction tenders at or below the purchase price and shareholders who made, or were deemed to have made, purchase price tenders had approximately 87.13% of their successfully tendered shares purchased by Altus Group," it said.Payments for the shares are expected to be completed around April 29 and any shares not purchased will be returned to shareholders, the company said, adding that it also plans to continue buying back shares under a separate ongoing program through early 2027.Shares in AIF were down $0.70 or 1.5% today.

Torrent Gold Appoints Saf Dhillon as President and Chief Executive Officer; Dhillon Replaces Richard Cindric, Who Will Remain With the Company As Director

Lumina Metals Secures BCSC Approval for $406 Million IPO and Share Sale

Lumina Metals said Friday it received approval from the British Columbia Securities Commission for its final prospectus for its upcoming initial public offering (IPO) and secondary share sale.The offering includes a treasury offering of company's shares for proceeds of nearly $312.5 million and and a secondary share offering held by a selling securityholder for proceeds of about $93.7 million at $12.50 each, for total gross proceeds of up to $406.2 million.There is also an over-allotment option for underwriters, which could raise a further $467.1 million if fully used, the company added.The shares have been conditionally approved for listing on the Toronto Stock Exchange, the company said, adding it also plans to apply for a listing on the Warsaw Stock Exchange, pending regulatory approval in Poland.Lumina started operating in Poland in 2011 and discovered three copper-silver deposits in the western part of the country. Its largest shareholder is an affiliate of Executive Chair Ross Beaty, who leads the Vancouver-based Lumina Group. The group has helped build several mining companies over the past 20 years, including Equinox Gold (EQX.TO), according to a Bloomberg report.The Financial Post said Canada's IPO market is starting to show signs of recovery after several slow years. For the first time since 2021, multiple companies are preparing to go public on the TSX. AGT Food and Ingredients (AGTF.TO) said it is aiming to raise $460 million as it returns to the public market. Meanwhile, Apotex is exploring an IPO that could raise up to $1 billion, possibly in the first half of the year.Price: $19.51, Change: $+0.20, Percent Change: +1.04%