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Silver Elephant Mining Up Near 6% as it Sells Additional "High-Grade" Silver Concentrate Lot From Bolivian Silver Mining Operation

Silver Elephant Mining (ELEF.TO) shares rose 6.1% after it sold a second silver-lead concentrate lot from its Apuradita Paca Mining Operation in Bolivia, on Thursday.The 31.6-tonne, dry basis, silver-lead concentrate grading 8,795 grams per tonne (g/t) silver (Ag) and 24% lead (Pb) was produced at a toll mill facility and sold in April 2026, it said. About 8,936 ounces (oz) of silver was contained in concentrate and sold at US$74.8 per oz. The processing campaign treated about 1,845 tonnes of Apuradita feed grading 248 g/t Ag and 0.8% Pb, it added."Underground mining operations at Apuradita continue at a steady rate with the company maintaining a monthly production target of 300 tonnes of silver-bearing mineralized material for the remainder of 2026," said the company in a statement. "The company notes highly-prospective exploration potential with initial tranche results demonstrating the silver-bearing mineralization at Apuradita extends to surface, which is approximately 20 meters vertically from the tunnel."ELEF believes the feed tonnages may be expanded beyond 2026 as additional mineralized zones are delineated and developed. Ongoing underground development has delineated multiple high-grade areas within the Apuradita tunnel, and the company is advancing additional mining faces through crosscuts and drifts to access and extract silver-bearing mineralized material from these zones, it said.Silver Elephant Mining has identified three "distinct" mineralization zones within the broader Apuradita project that are potentially amenable to open-pit mining. Systematic sampling of all zones is underway.Shares of the company were last seen up $0.01 at $0.18 on the Toronto Stock Exchange.Price: $0.18, Change: $+0.01, Percent Change: +5.88%

$ELEF.TO

Mining & Metals101d ago

CIBC Lowers CGI's Price Target By C$5, Retains its Neutral Rating

CIBC Capital Markets retained its neutral rating on the shares of CGI (GIB-A.TO) but reduced its price target to C$107 from C$112 on Wednesday, after the company reported its second quarter results."We were surprised to see the stock down double-digits today following a 2% revenue miss and in-line adj. EBIT and adj. EPS," said CIBC in a note dated April 29. Commentary around delayed decision making in Europe is "incrementally negative" and bookings were down 4% Y/Y, and CIBC expects this could be impacting sentiment."We calculate an organic revenue decline in FQ2 of 3.6% Y/Y, improved from a 4.5% Y/Y decline last quarter but down from 0.4% growth in the year-ago quarter. We remain on the sidelines as AI disruption risk continues to be an overhang for CGI, but we see upside from improving government spending, faster-than-expected growth in its AI-integrated IP, and M&A. We retain our Neutral rating and reduce our price target to $107 (prior $112) as we slightly reduce our revenue estimates to reflect an incrementally weaker demand environment," CGI added in conclusion.Among key points, CIBC noted CGI is seeing delayed decision making in Europe. The company cited a weaker economy in Germany, slower government bookings in Finland, and uncertain manufacturing demand in France, CIBC noted. CIBC expects the conflict in the Middle East is a factor, with demand uncertainty in impacted verticals including manufacturing and airlines, as well as some impact to hardware supply chains.CGI also noted pockets of growth including managed services wins, the government and financial services verticals, and IP and AI-led engagements.CIBC noted CGI's U.S. Federal outlook was better than expected; that CGI is leveraging AI to reduce IP development costs and timelines; and that CGI's capital allocation priorities remain investing internally (including in AI), M&A, and buybacks.Price: $88.27, Change: $-1.51, Percent Change: -1.68%

$GIB-A.TO

Mining & Metals101d ago

Founders Metals Sees "High-Grade" Gold Potential at Lower Antino

Founders Metals (FDR.V) on Thursday reported high-grade gold results from the Lower Antino Target at its Antino Gold project in Suriname.The result, which include 6.0 meters (m) of 12.95 grams per tonne (g/t) gold is a "significant high-grade" intercept at Lower Antino, the company said. Continued systematic drilling expands the mineralized system along strike, it added."While the system has consistently delivered broad, lower-grade mineralization, this intercept suggests the presence of a higher-grade component - a characteristic we have been actively testing for," said Chief Executive Colin Padget. "Additional drilling in this release continues to grow the mineralized extent of Lower Antino, and we will incorporate these results into our geological models to better define the geometry and continuity of mineralization as the program advances."Shares of the company were last seen down $0.09 to $4.81 on the TSX Venture Exchange.Price: $4.81, Change: $-0.09, Percent Change: -1.84%

$FDR.V

Mining & Metals101d ago

Legacy Gold Mines to Begin Diamond Drilling at Baner Gold Mine Property in Idaho Next Month

Legacy Gold Mines (LEGY.V) on Tuesday said it will be begin a Phase 1 drilling program a its Baner Gold Mine Property in Idaho next month.The drill program, expected to total 40,000 feet (12,194 meters) will begin with approximately 12,000 feet (3,658 meters) of diamond drilling and will be followed with approximately 28,000 feet (8,536 meters) of reverse circulation drilling (RC), the company said."The Legacy Gold team has been working diligently with its contractors to mobilize two diamond drills for a dynamic Phase 1 startup, taking full advantage of seasonal light," said chief executive Brian Hinchcliffe. "We hope to build on the momentum from the $10 million financing completed in April and move right into our 2026 drill campaign of infill, step-out and exploration drilling aimed at delineating a maiden mineral resource on the Baner Property in late Q4 2026 or early Q1 2027."The company's shares were last seen up $0.05 to $0.95 on the TSX Venture Exchange.Price: $0.95, Change: $+0.05, Percent Change: +5.56%

$LEGY.V

Mining & Metals101d ago

Enduro Metals Upsizes a Private Placement of Share Units to $7.8 Million

Enduro Metals (ENDR.V) on Thursday said it is upsizing a "best efforts" private placement to $7.8 million from $5 million.The offering will now consist of the sale of 9.4-million non-flow-through units (NFT units) priced at $0.16 each and made up of a share and one half of a three-year warrant to buy a share for $0.24.It will also place up to 28.6-million charity flow-through units for $0.22 each and made up of a tax-advantaged share and one half of a warrant with the same terms.The company will concurrently place up to 6.6-million NFT units at $0.16 apiece for up to $1.1 million on a private placement basis "pursuant to other applicable exemptions from the prospectus requirements under Canadian securities laws".Proceeds from the sale of NFT units and the concurrent private placement will be used for exploration and development at its mineral projects and for working capital and general corporate needs.Shares of the company were last seen down $0.01 at $0.165 on the TSX Venture Exchange.Price: $0.17, Change: $-0.01, Percent Change: -5.71%

$ENDR.V

Mining & Metals101d ago

Bombardier Price Target Raised to $296.00 at National Bank

Bombardier (BBD-B.TO) fundamentals remain highly positive, says National Bank, after the company reported a strong earnings beat earlier today.Analyst Cameron Doerksen raised his price target on Bombardier shares to $296.00 from $286.00 and reiterated his sector-perform rating."We remain highly positive on the company's fundamentals supported by a $20.3 billion backlog, strong growth momentum in Services and Defense, and better than expected free cash flow," he adds.Doerksen's only hesitation on the stock is valuation. He notes that the direct aircraft OEM peer group is trading at an average of 11.8x current year and 10.5x next year EV/EBITDA while Bombardier is currently trading at 13.8x and 12.3x, respectively.Price: $281.49, Change: $+42.18, Percent Change: +17.63%

$BBD-B.TO

Mining & Metals101d ago

Dynacor Group Declares May 2026 Dividend

Dynacor Group's (DNG.TO) board of directors approved a monthly dividend of C$0.01333 per share for May, unchanged from the prior month, the company said on Thursday.It will be payable on May 18 to shareholders of record as of the close of business on May 11.Price: $5.84, Change: $+0.12, Percent Change: +2.10%

$DNG.TO

Mining & Metals101d ago

TSX up 455 Points at Midday With Healthcare, Materials, The Best Performers

The Toronto Stock Exchange is up 455 points at midday, partially recouping some of the 630 points lost over five straight days of losses.The best performers are healthcare (+3.6%) and materials (+2.3%). Bausch Health (BHC.TO), which reported an earnings beat after markets closed on Wednesday, is near-10% higher, to $8.41.Real Canadian GDP was up 0.2% in February, Statistics Canada reported today, and the advance reading for March and the first quarter, showed the economy is "far from running on all cylinders".CIBC's Andrew Grantham said: "While growth in Q1 appears close to the Bank of Canada's MPR projection, the apparent stall again in March is a concern regarding momentum heading into the spring. Consumer spending appears to be slowing again, which is understandable given the squeeze from higher gasoline prices as well as a still sluggish labour market. We continue to believe that there's enough slack within the economy to keep core measures of inflation fairly muted, even as the impact of higher energy prices passes through in some areas, which will enable the BoC to leave interest rates on hold through 2026."For its part National Bank said the latest data confirms the Canadian economy has held up in the first quarter despite headwinds. Despite the expected stagnation of the economy in March, GDP by industry shows growth of 1.7% on an annualized basis in the first quarter of the year. Not less than 12 out of 19 sectors posted growth during the quarter, it noted."Under normal circumstances, such growth would be considered decent, but it comes at a time when the population is shrinking, which is holding back the economy's potential GDP. Consequently, GDP per capita is on track to experience its strongest growth in 15 quarters (+2.1% annualized). This is good news for an economy with excess supply and an unemployment rate above its full-employment level," National Bank said."Unfortunately," it added, "past performance is no guarantee of future results regarding this renewed growth. The Canadian economy remains vulnerable due to tariff uncertainty and now, the global geopolitical situation. While higher commodity prices could benefit some industries, the potential upside should be offset by the negative impact on consumers, which are facing a jump in inflation. Weak real estate activity in major urban centers across the country (Toronto, Vancouver, among others) is causing a negative wealth effect, which represents another headwind for consumers."In stocks, Bombardier (BBD-B.TO) shares jumped 17% to $279.86 after it reported an first-quarter earnings beat.

S&P/TSX CompositeS&P/TSX Composite$BBD-B.TO$BHC.TO

Mining & Metals101d ago

Vortex Energy Intends to Advance Next Phase of Technical Work at Robinsons River Salt Project; Shares Down 12%

Vortex Energy (VRTX.CN) shares fell 12% after the company on Thursday said it is moving ahead with technical work at its Robinsons River salt project in Newfoundland.The company hired Lonquist Field Service (Canada) as the primary technical contractor for the work program.The upcoming work program will include the reinterpretation of existing gravity data, a review of previous drilling programs and the integration of all available geological, geophysical, and drilling datasets to develop a comprehensive subsurface model, it said.Shares of the company were last seen down $0.055 at $0.405 on the Canadian Securities Exchange.Price: $0.41, Change: $-0.06, Percent Change: -11.96%

$VRTX.CN

Mining & Metals101d ago

CIBC Maintains Its Outperformer Rating on Capital Power Following Q1 Results; Price Target Lowered to C$82.00

CIBC Capital Markets reiterated its outperformer rating on the shares of Capital Power (CPX.TO) while trimming its price target to C$80.00 from C$82.00 after the company reported first-quarter results on Wednesday .CIBC believes the weakness in the share price following Capital Power's results is not justified and likely reflects investor impatience on the company delivering catalysts."However, we come away from Q1 results with continued confidence in CPX's medium-term growth outlook," CIBC said. "We believe that as more clarity on policies in Alberta and PJM come, the ability to drive upside from current assets (and future investments) will materialize."More definitive progress on data centers and the phase 2 process in Alberta, along with progress on U.S. growth, could serve as catalysts that could push the share price higher, CIBC said.The share price weakness represents as a buying opportunity, CIBC said.Price: $65.62, Change: $+3.25, Percent Change: +5.20%

$CPX.TO

Mining & Metals101d ago

CGI Price Target Cut to $110.00 at Stifel Canada, on More Conservative Growth Outlook

Stifel Canada on Thursday cut its price target on shares of CGI (GIB-A.TO) by $18.00 to $110.00 on a "more conservative growth outlook" after the company reported its second-quarter results.In a note, analyst Suthan Sukumar, who is maintaining a buy rating on the company, said his key takeaway from the results is CGI's reaffirmed expectations for improved organic growth over the fiscal year. "The bookings softness in the quarter doesn't help much with visibility, but appears transitory and was largely driven by European deal slippage that has already begun to normalize," Sukumar notes.Accelerated system integration and consulting (SI&C) bookings reflect stronger client spending intentions around AI and cyber. This, combined with a rebounding US Federal segment, robust public-sector demand, and sustaining financial services strength, help support a path to organic growth over the year. M&A also remains a potential upside catalyst.CGI now trades at a decade-plus trough P/E multiple of 9x. Stronger organic growth is the primary factor to support a re-rate, which may take time given a difficult macro backdrop, particularly in Europe (~50% of revenues), Sukumar adds.Price: $88.26, Change: $-1.52, Percent Change: -1.69%

$GIB-A.TO

Mining & Metals101d ago

Koryx Copper Upgraded to OTCQX Best Market

Koryx Copper (KRY.V) on Thursday said its shares are now trading on the U.S. OTCQX Best Market under the symbol "KRYXF", the company said on Thursday.The company is upgraded to OTCQX from the OTCQB Venture Market, added the company.The company's shares were last seen up $0.01 at $3.03 on the TSX Venture Exchange.Price: $3.03, Change: $+0.01, Percent Change: +0.33%

$KRY.V

Mining & Metals101d ago

CIBC Reaffirms Barrick Mining's Outperformer Rating, US$63.00 Price Target, Ahead of Q1 Results

CIBC Capital Markets on Wednesday maintained its outperformer rating on the shares of Barrick Mining (ABX.TO, B) and its US$63.00 price target ahead of the company's first-quarter results.CIBC expects Barrick to book adjusted earnings of US$0.82 per share in the first quarter, higher that its previous estimate of US$0.73 per share, following a read-through of Nevada Gold Mines results from Newmont's (NEM) earnings.NGM looks to have had a strong start to the year, which will likely provide a tailwind into Barrick's first-quarter earnings that will be released May 11, CIBC said.The recent assassination of Mali's defense minister in Mali and a development pause at the Reko Diq project in Pakistan represent headwinds for Barrick, CIBC said.Price: $52.95, Change: $+0.37, Percent Change: +0.69%

$ABX.TO$B

Mining & Metals101d ago

RBC Keeps Sector Perform Rating, US$9.00 Price Target, on Bausch Health After Strong Q1

RBC Capital Markets is maintaining its sector perform rating and US$9.00 price target on the shares of Bausch Health Companies' (BHC.TO) after the company reported upbeat first-quarter results.Analyst David Miehm notes consolidated revenue and adjusted EBITDA beat consensus estimates by ~5%. "Higher-than-planned" residual volumes from several state Medicaid customers also benefited first quarter revenues, he adds, while Solta Medical revenue also rebounded strongly after a depressed fourth quarter.Management reaffirmed 2026 Bausch Health's (RemainCo) guidance, which now includes the anticipated impact of the new tariffs on pharma products, which is expected to be effective late September. The company also reported that all remaining U.S. opt-out litigation payments (~US$158 million across legacy litigation) have been concluded, while RemainCo net debt fell by ~ US$113 million in the quarter.Price: $8.45, Change: $+0.79, Percent Change: +10.31%

$BHC.TO

Mining & Metals101d ago

RBC Maintains Alamos Gold's Outperform Rating, US$63.00 Price Target, Following Q1 Results

RBC Capital Markets reaffirmed its outperform rating on the shares of Alamos Gold (AGI.TO, AGI) and its US$63.00 price target after the company reported first-quarter results on Wednesday.Alamos' adjusted earnings of US$0.55 per share in the first quarter missed RBC's projection of US$0.62 per share and the consensus estimate of US$0.58 per share, reflecting lower production/sales.The company noted it is monitoring the impact of inflationary pressures, but that it expects to manage these pressures with productivity improvements, RBC said.Price: $53.90, Change: $-2.03, Percent Change: -3.63%

$AGI$AGI.TO

Mining & Metals101d ago

Cartier Resources Begins Trading on the OTCQB Venture Market in the U.S. Under Symbol ECRFF

Cartier Resources' (ECR.V) shares are now trading on the OTCQB Venture Market, under the symbol ECRFF, said the company on Thursday.The company will continue to trade on the TSX Venture Exchange under the symbol ECR, it added."Cartier's OTCQB listing marks an important step in the Company's growth strategy and is expected to strengthen our visibility among American investors, improve trading liquidity and broaden access to the U.S. capital markets," said Philippe Cloutier, President and Chief Executive Officer of Cartier Resources. "We believe it will support increased investor engagement as we continue to advance our projects and long-term growth objectives."The company's shares were last seen unchanged at $0.245 on the TSX Venture Exchange.

$ECR.V

Mining & Metals101d ago

RBC Reiterates Kinross Gold's Outperform Rating, US$45 Price Target

RBC Capital Markets on Wednesday maintained Kinross Gold (K.TO)'s outperform rating and US$45 price target after the company's Q1 results.On financials, Kinross' adjusted EPS of US$0.70 per share in the first quarter was below RBC's forecast of $0.76 per share and the consensus estimate of $0.71 per share, with larger variances relative to RBC estimates including lower gold sales vs. production and higher taxes. The miner's free cash flow of $830 million matched RBC's estimate and beat the consensus forecast of $802 million.Kinross reiterated its 2026 guidance, noting that higher energy prices have a minimal impact on operations as a result of its hedging program. Buyback activity was in line with expectations, RBC said."Our view: Slightly positive. Operations and financials largely met RBC and consensus expectations. KGC reiterated guidance, noting a minimal impact from higher energy prices as a result of its hedging program. Buyback activity was in line with expectations. KGC announced the receipt of its Great Bear AEX permit, positively positioning the company to advance the UG decline and complete drilling at depth," RBC added.Shares in Kinross were at last look up more than 2% on the TSX.Price: $41.72, Change: $+0.86, Percent Change: +2.10%

$K.TO

Mining & Metals101d ago

Fredonia Mining Higher After Securing Judite Property in Santa Cruz Province, Argentina

Fredonia Mining (FRED.V), is up 7.7% after it secured the Judite property in Santa Cruz Province, Argentina.The property, which is contiguous with Fredonia's El Dorado-Monserrat (EDM) project, expands the company's consolidated district footprint to over 11,000 hectares. Judite is also immediately adjacent to the western boundary of the Cerro Vanguardia mining area, positioning Fredonia as a direct neighbor to one of Argentina's most significant gold-silver operations, the company said.The Judite property became available after the rights lapsed in the hands of the prior rightsholder. Fredonia submitted the winning bid and also settled outstanding concession fees of US$25,000.Fredonia also controls a broader land package to the south, including the Saturno area with about 10,500 hectares. Together, these holdings expand its district land position to 21,800 hectares, a statement said."Securing Judite is a meaningful step for Fredonia. It expands our EDM district footprint to more than 21,800 hectares and, importantly, places us directly adjacent to Cerro Vanguardia," said chief executive Estanislao Auriemma. "From a technical perspective, Judite is not just additional ground. Historical work indicates quartz veining, favorable structures, anomalous epithermal pathfinder elements and potential continuity from El Dorado into Judite. We believe this gives Fredonia a stronger district-scale platform as we advance exploration at EDM."Fredonia shares were last seen up $0.04, to $0.56, on the TSX Venture Exchange.Price: $0.56, Change: $+0.04, Percent Change: +7.69%

$FRED.V

Mining & Metals101d ago

RBC Keeps Precision Drilling's Outperform Rating, C$150 Price Target

RBC Capital Markets on Wednesday retained Precision Drilling's (PD.TO) outperform rating and C$150 price target.RBC expects Precision's first-quarter results to have negative implications for the shares. The company's adjusted EBITDA of $124 million missed RBC's forecast of $129 million, while adjusted earnings of $1.34 per share was also below RBC's estimate of $2.22 per share.The miss and the year-over-year decline were primarily due to higher stock-based compensation expense, headwinds in the Middle East, and slight headline margin compression in North America, RBC said."PD's second quarter guidance also looks softer than our estimates at the margin given lower daily margins in U.S./Canada, lower active U.S. rig count, partially offset bystronger Canadian rig activity," RBC said."Admittedly, this view could prove myopic given the gathering rig demand tailwinds in the U.S., though we think the market will look for greater signals that revenue growth will be converted to earnings and free cash flow growth," RBC said.Precision traded at $129.60 per share at last look on the Toronto Stock Exchange.Price: $129.15, Change: $-10.88, Percent Change: -7.77%

$PD.TO

Mining & Metals101d ago

Frontier Lithium Closes C$15 Million Bought Deal Offering

Frontier Lithium (FL.V) closed its previously announced bought deal offering of units of the company with a syndicate of underwriters led by BMO Capital Markets, said the company on Thursday.An aggregate of 20 million units were sold at a price of C$0.75 each for gross proceeds to the company of C$15 million, said the company.Each unit is comprised of one common share and half of one common share purchase warrant. Each whole warrant shall be exercisable to acquire one common share at a price of C$1.00 per warrant share for a period of two years from the closing of the offering, stated the company.A total of six insiders participated in the offering, acquiring a total of 136,668 units for gross proceeds $102,501, added the company.The net proceeds will be used for advancing the PAK Lithium Project, said the company and added that these funds will support the completion of an updated mine and mill technical report, facilitate activities related to government-funded or cost-shared infrastructure initiatives, permitting, advancement of Lithium Conversion Study and cover general administrative as well as corporate expenses."This financing marks an important step in advancing the PAK Lithium Project, supporting key engineering, permitting and downstream initiatives that will continue to de-risk the asset and support the Company's efforts toward future project financing", said Trevor Walker, President and Chief Executive Officer of the company. "We were pleased to see continued support from long-term shareholders, new institutional investors and insiders, reinforcing our belief that Frontier is well positioned for the next phase of the market-supporting a secure North American lithium supply, advancing a phased de-risking strategy, and positioning the project as a strategic asset within the emerging domestic critical minerals supply chain."The company's shares were last seen unchanged at $0.62 on the TSX Venture Exchange.

$FL.V

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Mining & Metals101d ago

TSX up 455 Points at Midday With Healthcare, Materials, The Best Performers

S&P/TSX CompositeS&P/TSX Composite$BBD-B.TO$BHC.TO