Total Energy Services' (TOT.TO) board of directors declared a quarterly dividend of $0.12 per share for the quarter ending June 306 on Total Energy's outstanding common shares, the company said on Monday.
The dividend is payable on July 15 to shareholders of record at the close of business on June 30.
Price: $25.20, Change: $+0.80, Percent Change: +3.28%
Silver Bull Resources' (SVB.TO) arbitration case against Mexico has been dismissed, due to a lack of jurisdiction and/or for being time-barred, the company said on Monday.Silver Bull has been ordered to pay part of Mexico's legal costs totaling US$998,000.The dispute arose from Mexico's "actions and omissions" regarding the blockade of Silver Bull's Sierra Mojada Project, which began September 2019, and remains ongoing. The company began arbitration proceedings in 2023 against Mexico under the United States-Mexico-Canada Agreement (USMCA) and the North American Free Trade Agreement (NAFTA).Silver Bull is analyzing the tribunal's decision with its legal advisers to evaluate its options, including an application to annul the award, which must be filed within 120 days.The company is also also evaluating other options and projects, including the possibility of restarting the Sierra Mojada Project, which is its sole asset."In the company's view, the tribunal chose to apply a tight and narrow interpretation of the expiry of NAFTA and the related time-bar provisions, notwithstanding that the blockade commenced in September 2019 while NAFTA was in full force and effect and that the company submitted its claims against Mexico before the expiry of the three-year NAFTA legacy-claim period under the USMCA transition regime," chief executive Tim Barry said.Silver Bull shares last traded on May 29, closing at $0.81 per share.
Quimbaya Gold (QIM.CN) share rose 5.6% on Monday after the company said it started drill testing at the Tahami Center copper, molybdenum and gold (Cu-Mo-Au) porphyry system in Colombia.Drill testing of the Tahami Center Cu-Mo-Au porphyry system started in late May. A confirmed 2.4 by 1.3 kilometer Cu-Mo-Au porphyry corridor, trending northwest-southeast, now enters drill testing.The company said four independent methods had converged on the same target, de-risking the program before the first hole was collared. The minimum 5,000-meter diamond drill program is structured across Robusta, Bourbon, and Arabic targets.Shares of the company were last seen up $0.0175 to $0.33 on the Canadian Securities Exchange.Price: $0.33, Change: $+0.02, Percent Change: +5.60%
Cargojet's (CJT.TO) second quarter 2026 flight activity is up 11% Y/Y QTD, CIBC Capital Markets said."As we pass the first two months of Q2/26, we track CJT's flight activity using AirNav Radar data," said CIBC.CIBC observed that CJT's average daily flight activity in Q2/26 (as of May 27) is 70 flights per day, which compares to 63 flights per day for the same period in the prior year, representing a ~11% Y/Y increase. This would represent CJT's second consecutive Y/Y increase in quarterly flight activity, which has not occurred since the Q3/24 and Q4/24 period, stated CIBC.On a Q/Q basis, CJT's Q2/26 (as of May 27) average daily flight activity is up 0.7%, said CIBC and added that this compares to the 2021-2025 seasonal average of up 0.3% Q/Q."We run a linear regression comparing CJT's flight activity to its adj. EBITDA from Q1/19 to Q1/26," said CIBC. "The linear regression equation is Adj. EBITDA (in 000s) = (20,005.58) + [16.25 x Flight Activity] with a correlation of 89% and R-squared of 79%."CIBC noted, assuming the current ~11% Y/Y increase QTD holds through the remainder of the quarter, this implies an estimated Q2/26 flight activity of 6,193 flights for CJT. Applying the linear regression equation, this infers a quarterly EBITDA of ~$81MM, said CIBC."On the other hand, if we look at the monthly seasonality, June traffic has historically been down ~2% M/M versus May," stated CIBC.Assuming a similar pattern this year, this would put Q2/26 flight activity at 6,482 flights and would imply a Q2/26 EBITDA of ~$85MM said CIBC and added that this compares to Q2/26 consensus EBITDA at $79MM and CIBC's estimate of $82MM."Note, there could be some timing-related drag from higher jet fuel prices in the second quarter, particularly as the fuel surcharge recapture mechanism lags the increase in spot fuel costs," added CIBC. "This is a transient headwind though."The air freight market "continues to face macro turbulence", driven by ongoing trade uncertainty, higher fuel prices, and the conflict in the Middle East, said CIBC.CIBC noted, CJT's flight activity continues to demonstrate that the company is navigating through these headwinds."It is clear that it does not operate within a siloed framework," added CIBC. "CJT's ability to shift its assets to the most revenue-maximizing opportunities highlights the resiliency of its business model."Price: $85.99, Change: $-0.30, Percent Change: -0.35%