$CG.TO

Kenorland Minerals Receives Notice of Exercise of Top-Up Right From Sumitomo and Centerra

Kenorland Minerals (KLD.V) received notices from both Sumitomo Metal Mining Canada and Centerra Gold (CG.TO, CGAU) on their respective intentions to exercise their 'top-up right' as it relates to certain share issuances completed by the company and to retain their interests in the company, it said on Friday.An aggregate of 314,392 common shares of the company will be issued at $2.136 apiece for $671,541.31 in accordance with the Sumitomo investor rights agreement (IRA) and Centerra IRA, subject to the approval of the TSX Venture Exchange, of which 158,768 common shares will be issued to Sumitomo in order to retain its 10.1% interest in the company and 155,624 common shares will be issued to Centerra in order to retain its 9.9% interest in the company, it said.Shares of the company closed unchanged at $0.335 on Thursday on the TSX Venture Exchange.

RBC Precious Metals Price Target Changes Brief: B2Gold To US$5.75 From $6.50; Centerra To C$30 From $31; DPM To C$58 From $63; Eldorado To US$39 From $50

RBC Precious Metals Price Target Changes Brief: B2Gold To US$5.75 From $6.50; Centerra To C$30 From $31; DPM To C$58 From $63; Eldorado To US$39 From $50

RBC Precious Metals Price Target Changes Brief: Artemis To C$60 From $62; K92 To C$44 From $46; OceanaGold To C$72 From $78; Alamos To US$52 From $63

RBC Precious Metals Price Target Changes Brief: Artemis To C$60 From $62; K92 To C$44 From $46; OceanaGold To C$72 From $78; Alamos To US$52 From $63

RBC Precious Metals Price Target Changes Brief: Bank Says Revised Estimates Reflect Updated Commodity Price Assumptions

RBC Precious Metals Price Target Changes Brief: Bank Says Revised Estimates Reflect Updated Commodity Price Assumptions

Kenorland Minerals Says Completed Top-Up Right from Sumitomo and Centerra

Kenorland Minerals Up Near 5% As Both Sumitomo and Centerra Plan To Exercise Their "Top-up Right"

Kenorland Minerals (KLD.V) was at last look up near 5%, and was even higher, after saying that each of Sumitomo Metal Mining Canada and Centerra Gold (CG.TO) have issued notice of their respective intentions to exercise their 'top-up right' as it relates to certain share issuances completed by Kenorland, in order to retain their interests in the company.Shares of the company were last seen up 4.9% at $2.35 on the TSXV, having touched $2.44.Price: $2.35, Change: $+0.11, Percent Change: +4.91%

Centerra Gold Posts Higher Revenue, Adjusted Profit for Fist Quarter; Issues 2026 Production Outlook

Centerra Gold (CG.TO, CGAU) after trade Wednesday reported higher revenue and adjusted profit for the first quarter.The company said its adjusted profit, excluding most one-time items, rose to US$88.2 million, or US$0.44 per share, in the period, up from US$26.4 million, or US$0.13 per share, a year ago. FactSet expected US$0.43 per share.Revenue rose 62% to US$484.7 million from US$299.5 million a year prior. FactSet projected US$373.5 million.Total gold production was 68,001 ounces and copper production was 14.2-million pounds. Gold sales for the quarter were 72,935 ounces at an average price of US$4,172 per ounce, while copper sales were 14.9-million pounds at US$4.48 per pound. These prices include the impact of the Mount Milligan streaming agreement with Royal Gold, the company said."Our financial position strengthened this quarter, with our cash balance increasing to $543 million. This was achieved while we continued to invest in our internal growth pipeline, built working capital at Langeloth, and returned $33 million to shareholders through share buybacks and dividends in the quarter," Chief Executive Paul Tomory said.For 2026, the company expects total gold production of 250,000 to 280,000 ounces and total copper production is projected at 50-million to 60-million pounds.Centerra shares closed down C$0.75 to C$23.90 on the Toronto Stock Exchange.

Earnings Flash (CG.TO) Centerra Gold Reports Q1 Adjusted Net Earnings US$88.2M or $0.44 Per Share

Liberty Gold Closes Sale of Goldstrike Project to Heliostar Metals

Liberty Gold (LGD.TO) has closed the sale of the Goldstrike project in southern Utah to Heliostar Metals, the company said Monday.The company will receive US$72.5 million in total consideration, composed of US$10 million in cash and about 1.6 million Heliostar common shares valued at about US$2.5 million.Future milestone-based payments amount to an additional US$60 million, including US$10 million in cash to be received 12 months and 18 months from closing, and US$40 million to be received upon completion of certain project-based milestones or five years from closing, whichever comes earlier.Proceeds from the transaction are expected to support the continued advancement of the Black Pine Project, including permitting, feasibility study work and long-lead development initiatives."Closing the sale of Goldstrike marks an important step in executing our strategy to monetize non-core assets and to direct capital and management focus to our flagship Black Pine Oxide Gold Project," said Jon Gilligan, president and chief executive officer of Liberty Gold.Additionally, Centerra Gold (CG.TO) elected to exercise its "top-up right" to maintain its 9.9% equity interest in Liberty Gold. In connection, Liberty Gold has issued 2.0 million common shares at a price of C$1.17 per share for total proceeds of C$2.4 million.

RBC Says Q1 Seasonally Weak for Gold Equities

RBC Capital Markets said Wednesday that the first quarter represents a seasonally weak period for operating results of gold equities.According to RBC, the market is expected to focus on forward-looking statements on the impact of higher gold and energy prices to costs, as well as emerging inflationary pressures."Although we expect no formal cost guidance revisions across our coverage, commentary on potential changes into mid-year updates could present surprise risk," RBC said.RBC said Alamos (AGI.TO), Barrick Mining (ABX.TO), Eldorado Gold (ELD.TO), G Mining (GMIN.TO), SSR Mining (SSR.TO) and Wheaton Precious Metals (WPM.TO) have outlined materially softer first quarter.RBC said companies with key upcoming deliverables into the first quarter include B2Gold (BTO.TO), Barrick, Alamos, Agnico Eagle (AEM.TO), Centerra (CG.TO), Franco Nevada (FNV.TO), Iamgold (IMG.TO), K92 (KNT.TO), Kinross (K.TO), Lundin Gold (LUG.TO), Orla Mining (OLA.TO), OR Royalties (OR.TO) and Wesdome (WDO.TO).According to RBC, gold equity valuations at spot have expanded in recent weeks, but are still reasonably attractively valued.Price: $66.72, Change: $-0.42, Percent Change: -0.63%