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Bausch Health Q1 Consolidated Revenues of US$2.52 Billion

Trulieve Applies for U.S. DEA Registration Under New Cannabis Rules

Trulieve Cannabis (TRUL.CN) on Wednesday said it applied to the US Drug Enforcement Administration (DEA) to register some of its state-licensed medical-marijuana operations.The applications were filed under a new expedited process established by the recent rescheduling of medical marijuana to Schedule III under the Controlled Substances Act, the company added.Under the new rules, eligible operators that apply within 60 days are automatically approved to manufacture, distribute, and sell these products unless the DEA says otherwise, according to the statement."With over 200 dispensaries serving only medical patients, Trulieve is uniquely positioned to set the bar as a responsible operator in U.S. cannabis," Chief Executive Kim Rivers said.Price: $13.19, Change: $-0.50, Percent Change: -3.65%

$HMMJ.TO$TRUL.CN

Mining & Metals102d ago

Dios Exploration Says Focus On Heberto-Gold System As AU33 Project Underway

Some 2,000 metres of diamond drilling has been undertaken as a start on AU33 Heberto Gold extents, along gold-bearing silicified potassic shear zones near surface, Dios Exploration (DOS.V) said Wednesday, while confirming receipt of all permits.Gold prices are currently at a "very rare high and have incredibly increased" since first drilling discovery of Heberto Gold by Dios in 2015-2017, the company added."Dios is currently focusing on Heberto Gold, but several other surface areas need to be drilled. This Dios' flagship high potential gold property was drone magnetic surveyed in late 2025 for detailed structures to prepare for ground access diamond drilling in 2026 moving forward," its statement noted.Shares of the company were last seen up $0.005 at $0.035 on the TSX Venture Exchange.Price: $0.04, Change: $+0.01, Percent Change: +16.67%

$DOS.V

Mining & Metals102d ago

CIBC Raises Celestica's Price Target to US$480 From US$425, Reiterates its Outperformer Rating

CIBC Capital Markets reiterated its outperformer rating on the shares of Celestica (CLS.TO, CLS) while raising its price target to US$480 from US$425 after the company reported its first-quarter financial results on Monday.The company's Q1 was in line on supply constraints that are now largely resolved, said CIBC, adding that the company reiterated an "aggressive 2026-2027 ramp-up" including with its key "digital-native" customer, which CIBC believes to be OpenAI."A near-term overhang is the narrative around OpenAI potentially overbuilding vs. demand and additional supply chain shortages, which could keep sentiment pressured," said CIBC. "Despite this, with hyperscaler capex visibility improving (GOOGL/META/AMZN) and H2/26 ramp-ups/expansions ahead, we still view guidance/Street as conservative and expect upward estimate drift through 2026 as Q1 prints de-risk capex assumptions."Celestica's "improved visibility" reflects its leadership in data center networking switches and expanding enterprise server programs, said CIBC, and added it now sees a "clearer multi-year ramp-up for 1.6T networking programs starting in late 2026 and accelerating into 2027, supported by multiple customers and its strategic partners including AVGO."Celestica's new hyperscaler Ethernet-switch contract win in the quarter, which ramps up in H2/27, also supports this view, added CIBC.While Q1 was impacted by supply constraints, these have subsided and the company has confidence it can both catch up in subsequent quarters and support demand through 2028, stated CIBC."We reiterate our Outperformer rating and frame the selloff as a buy-the-dip setup," said CIBC. "Our updated price target is (US)$480 and is based on a blended valuation of 32x our 2027E EPS forecast (primary) and 24x our 2027E EBITDA forecast (secondary)."CIBC's target multiples for Celestica reflect "improved visibility to upward revisions in AI datacentre capex spending from significantly improved model performance," added CIBC.Price: $500.53, Change: $+7.31, Percent Change: +1.48%

$CLS$CLS.TO

Mining & Metals102d ago

Bayhorse Silver Raises $4.1 Million in a Private Placement of Share Units

Bayhorse Silver (BHS.V) on Wednesday said it closed a "best efforts" private placement for of share units, raising $4.1 million including the partial exercise of the agent's over-allotment option.The company sold 58.8-million units priced at $0.07 apiece and made up of a share and a three-year warrant to buy a share for $0.10.Proceeds will be used for the exploration and advancement of its Bayhorse Silver Mine and adjacent Pegasus Porphyry Copper project in Idaho. It will also be used for general working capital and corporate needs.Shares of the company were last seen unchanged at $0.06 on the TSX Venture Exchange.

$BHS.V

Mining & Metals102d ago

Adyton Resources Begins Trading on the OTCQB Market

Adyton Resources' (ADY.V) shares are now trading on the OTCQB Venture Market in the United States under the symbol 'ADYRF', the company said on Wednesday.The company's shares will continue to trade on the TSX Venture Exchange."We are pleased to commence trading on the OTCQB, marking an important milestone in the company's growth and visibility in the U.S. capital markets," said chief executive Tim Crossley. "This listing enhances our accessibility to a broader base of investors and reflects our ongoing commitment to transparency and shareholder value. As we continue to advance our strategic objectives, we believe this step will support increased liquidity and strengthen our position as we execute on our development plans."The company's shares were last seen down $0.005 to $0.36 on the TSX Venture Exchange.Price: $0.36, Change: $-0.01, Percent Change: -1.37%

$ADY.V

Mining & Metals102d ago

Acceleware Enters into Second Farm-In Agreement in Saskatchewan Mannville

Acceleware (AXE.V) on Wednesday said it entered into a second farm-in agreement for one section of land, with an option for an additional half-section of land, targeting the Mannville Stack oil formation in Saskatchewan.The company now has a total of two and one-half sections, including option lands, of Lloydminster-area Mannville stack land in its portfolio through farm-in agreements, where it will use its RF XL 2.0 technology to use radio waves to remotely heat and liquefy heavy oil so it can be pumped to the surface."The agreement represents another step in the company's stated strategy to build a portfolio of heavy oil production rights and a runway of field opportunities for RF XL 2.0 deployment, while maintaining a disciplined approach to capital deployment," said the company.Under the agreement, the company will have the opportunity to drill an RF XL 2.0 horizontal well pair in exchange for a gross overriding royalty."Upon payout of Acceleware's invested capital, the farmors may elect to convert the royalty into a 40% working interest," said the company.The agreement also provides the potential to drill additional well pairs on the property, added the company."This agreement builds on the company's earlier Mannville-focused farm-in and reflects continued progress in assembling field-ready opportunities," said chief executive Geoff Clark. "These farm-in agreements, and others that we are pursuing, are an excellent opportunity to show the potential of RF XL 2.0 while generating near-term revenue and cash flow from the production of heavy oil."The company's shares last traded April 27, closing at $0.12 on the TSX Venture Exchange.

$AXE.V

Mining & Metals102d ago

Montage Gold Completes Its C$410.7-Million Acquisition of African Gold

Montage Gold (MAU.TO) on Wednesday said it closed it C$410.7-million acquisition of African Gold, adding the resource-stage Didievi project, in Cote d'Ivoire, to its portfolio.African Gold is now a wholly-owned unit of Montage. Eligible African Gold shareholders have now been issued 0.0628 Montage shares for each African Gold share, it added.Shares that ineligible African Gold shareholders would have otherwise been entitled to receive have been issued to a nominee who has been appointed to sell those Montage shares on the Toronto Stock Exchange so that proceeds of sale can be distributed to the ineligible shareholders.Montage issued a total 29.96-million shares in the deal.Shares of the company were last seen down $0.47 $13.24 on the TSX.Price: $13.25, Change: $-0.46, Percent Change: -3.36%

$MAU.TO

Mining & Metals102d ago

TSX Down 230 Points at Midday With Info Tech, Industrials, The Worst Performers

The Toronto Stock Exchange is down near 230 points at midday, with most sectors lower, led by info tech (-2.0%) and industrials (-1.8%).Energy (+1.9%) is the top performer, boosted by higher oil prices.The Bank of Canada held its key benchmark interest rate steady at 2.25%. Avery Shenfeld, chief economist at CIBC Capital Markets, said the decision to leave the policy rate at 2.25% came as no surprise given the clouded outlook ahead.Shenfeld noted the Bank assumed that oil prices will gradually decline to US$75/bbl in mid-2027, "still lifting near term inflation but leaving the growth outlook little changed from the prior forecast, one that only makes very gradual progress in eliminating economic slack". While the BoC sees "little evidence" of a spillover to core inflation so far,", it said that it will not let "higher energy prices become persistent inflation".Shenfield said, "If that sounds hawkish, its worth noting that the Bank doesn't see that happening, projecting a spike to 3% inflation but a return to the 2% target early next year, a view we share, and while it says it might need to adjust the policy rate, those changes "can be expected to be small."In stocks, CGI (GIB-A.TO) is down near 14% after it reported its second-quarter results this morning.CN Rail (CNR.TO) is 6.1% lower after reporting inline first-quarter results.

S&P/TSX CompositeS&P/TSX Composite$CNR.TO$GIB-A.TO

Mining & Metals102d ago

Stifel Canada Previews Colliers International's Q1 Results

Stifel Canada is expecting Colliers International's (CIGI.TO, CIGI) first-quarter revenue to increase 10% to US$1.255 billion.Analyst Daryl Young, who is maintaining a buy rating and US$175.00 price target on the shares, is expecting adjusted EBITDA of US$120.2 million (consensus: US$122.1 million) at 9.6% margins (down 60bps y/y). The lower margins reflect investment management (IM) platform integration costs, he says.Young believes the broader fundraising market remains sluggish amid unease related to the Middle East conflict, interest rate volatility, and slower monetization activity. "To be clear, CIGI's IM platform operates in more niche segments of the private markets and has limited direct exposure to current private market challenges, but we think the broader sentiment may be an overhang to fundraising."The company reports its quarterly earnings after market close on May 5.Price: $143.86, Change: $-7.60, Percent Change: -5.02%

$CIGI$CIGI.TO

Mining & Metals102d ago

RBC Maintains First Quantum's Outperform Rating, C$45 Price Target

RBC Capital Markets maintained its outperform, speculative risk, rating on the shares of First Quantum Minerals (FM.TO)' and its C$45.00 price target following the company's first-quarter results.RBC expects a modest negative reaction to the results, given a headline miss on EBITDA and adjusted earnings per share.The company reported a first-quarter EBITDA of US$326 million, below RBC's forecast of US$461 million and the consensus estimate of US$448 million.Adjusted loss of US$0.18 per share also missed RBC's EPS forecast of US$0.01 per share and the consensus estimate of US$0.06 per share.First Quantum's financial results were impacted by US$144 million of losses on hedges and from lower sales due to timing and inventory replenishment.Price: $33.64, Change: $-0.65, Percent Change: -1.90%

$FM.TO

Mining & Metals102d ago

Tribe Property Technologies Price Target Cut to $0.20 at Stifel Canada

Stifel Canada cut its price target on the shares of Tribe Property Technologies (TRBE.V) to $0.20 from $0.25 and maintained its sell rating.Analyst Suthan Sukumar notes that fourth-quarter results were "largely uneventful" with revenue/EBITDA results falling short of his expectations.The company continues to navigate a challenging backdrop of new construction/macro headwinds, and an early-days strategic pivot into rental management, he writes. However, he believes the overall picture for stronger organic growth and profitability is still murky."We continue to see 2026 as both another growth investment year and a show-me year, and with stretched liquidity considering net debt to EBITDA of >3x, we see little room for execution missteps on getting to consistent profitability."

$TRBE.V

Mining & Metals102d ago

RBC Reiterates Methanex's Sector-Perform Rating, US$65.00 Price Target

RBC Capital Markets on Wednesday maintained its sector-perform rating on the shares of Methanex (MX.TO, MEOH) and its US$65.00 price target.Methanex recently released its non-discounted methanol reference prices for May, outlining a 19% increase to $1,480 per tonne for North America and unchanged at $740/mt for Asia Pacific, excluding China.RBC believes the reference prices will have a modestly positive impact on the shares of Methanex, as it implies that the realized methanol price for May will likely be higher than April.Methanex is expected to release its first-quarter results after market close on Wednesday, where investors may focus on management's comments relating to the methanol supply/demand/pricing dynamics particularly in Asia.Investors are also expected to focus on management's update on the outlook for its New Zealand operations.Price: $87.11, Change: $+4.41, Percent Change: +5.33%

$MEOH$MX.TO

Mining & Metals102d ago

CN Rail Files Shelf Prospectus With Securities Regulators

Canadian National Railway (CNR.TO), down 6% on last look, filed a shelf prospectus with Canadian securities regulators, the company said on Wednesday.The prospectus allows CN to issue debt securities in Canadian markets over the next 37 months, and replaces CN's previous shelf prospectus that expires on May 3.Proceeds from the sale of securities may be used to pay down debt, share repurchases, acquisitions and other business opportunities.A registration statement has been filed with the U.S. Securities and Exchange Commission but has not yet become effective.CN Rail shares were last seen down $9.46 to $147.90 on the Toronto Stock Exchange.Price: $147.84, Change: $-9.52, Percent Change: -6.05%

$CNR.TO

Mining & Metals102d ago

Allied Critical Metals Moves to List Its Shares on the TSX Venture Exchange

Allied Critical Metals (ACM.CN) on Wednesday said it applied to list its shares on the TSX Venture Exchange as a Tier 1 mining issuer.The listing application is subject to review by the Venture Exchange and satisfaction of applicable listing requirements, added the company."We believe that a TSX Venture listing will provide us with improved access to capital markets as we focus on generating shareholder value by unlocking the potential of the Borralha Tungsten Project and Vila Verde Tungsten Project," said Chief Executive Officer Roy Bonnell. "We look forward to enhancing our capital markets profile by increasing our investor relations efforts and achieving our strategic objectives."Shares of the company were last seen unchanged at $2.32 on the Canadian Securities Exchange.

$ACM.CN

Mining & Metals102d ago

Dovish Bank of Canada Restrains The Canadian Dollar, Says ING

The Bank of Canada held rates steady at 2.25% on Wednesday, as expected, said ING.USD/CAD briefly traded on the strong side after Wednesday's BoC announcement, although market pricing did not shift meaningfully, noted the bank.Expectations remain for a 25bps rate hike at the October meeting, so more hawkish than ING's baseline call.Wednesday's relatively dovish BoC endorses the bank's end Q2 call for 1.37 in USD/CAD. ING sees some downside risks to that forecast, given resilience in equity markets and oil prices remaining more elevated than longer.However, for now, the bank is assuming there will be a period of elevated uncertainty around CUSMA trade deal renegotiations in June, leading to upward volatility in the pair.ING expects better Canadian dollar (CAD) performance in H2 2026, when a new CUSMA deal could ultimately be agreed and the Federal Reserve should cut rates.The bank predicts 1.34 by year-end in USD/CAD, with risks to the downside.

$CAD$CXY$USD/CAD

Mining & Metals102d ago

Kodiak Copper, Teck Subsidiary, to Create U.S.-Focused Copper Exploration Company

Kodiak Copper (KDK.V) on Wednesday signed a non-binding letter of intent (LOI) with Teck Resources (TECK-B.TO) unit Teck American, and privately-held Kay Copper to form a new copper-exploration company.Kodiak is selling its Mohave project, and Teck, its Copper Hill project, both in Arizona, into a subsidiary of Kay Copper to create a U.S.-focused copper-exploration company that would list on the TSX Venture Exchange. Kodiak Copper and Teck would each have a 28% equity stake in the company, a statement said.The new company also intends to raise $4.0 million through a subscription receipt financing at $0.25 per share. Proceeds will fund exploration work to materially advance both projects in 2026.The company will be led by Adam Schatzker as chief executive officer. Schatzker was most recently vice president, corporate development at Canada Nickel Company (CNC.V).Kodiak Copper shares were last seen up $0.01 to $0.91 on the TSX Venture Exchange.Price: $0.91, Change: $+0.01, Percent Change: +1.11%

$KDK.V$TECK-B.TO

Mining & Metals102d ago

DelphX Capital Markets Closes Non-Brokered Unit Private Placement; Shares up 20%

DelphX Capital Markets (DELX.V) closed its non-brokered private placement previously announced on April 22, 2026, issuing 3 million units at a subscription price of C$0.04 each, for gross proceeds of C$120,000, the company said on Wednesday.Each unit consists of a share and a warrant. Each warrant entitles the holder to purchase one share at a price of $0.08, for a period of two years from the date of issuance, said the company.The company plans to use the net proceeds in connection with working capital/corporate overhead.Completion of the offering is subject to the approval of the TSX Venture Exchange, added the company.The company's shares were last seen up $0.005 at $0.03 on the TSX Venture Exchange.

$DELX.V

Mining & Metals102d ago

Xali Gold Advances Pico Machay Gold Project With Underground and Surface Sampling Program

Xali Gold (XGC.V) has completed more than 50% of the initial underground and surface rock chip sampling program on its Pico Machay Gold project in central Peru, with 125 initial samples now collected and submitted to the laboratory for geochemical and assay analyses, it said Wednesday.To date, 36 samples were collected from underground, and 89 samples were collected on surface, all from within areas of mineralization. Results from this program are expected to support the updating and potential upgrading of the historical resource to a current, compliant mineral resource estimate, with completion targeted for Q3 2026, as well as support the advancement of a Preliminary Economic Assessment, the company said."The underground sampling was conducted in the walls of two crosscuts through the centre of the resource, which allows continuous sampling similar to what a horizontal drill hole would allow," said Xali Gold Chief Executive Joanne Freeze. "Surface sampling was conducted in channels cut in outcropping mineralized zones and was also continuous."Shares of the company were last seen unchanged at $0.27 on the TSX Venture Exchange.

$XGC.V

Mining & Metals102d ago

RBC Retains OR Royalties' Outperform Rating, US$56 Price Target

RBC Capital Markets on Tuesday maintained OR Royalties' (OR.TO) outperform rating and US$56 price target.Singapore-based Boroo has announced it had entered into an exclusivity agreement to potentially acquire the previously operating Eagle gold mine in Yukon from its receiver, PwC. OR maintains a 5% net smelter royalty on the mine.In June 2024, a catastrophic heap leach failure occurred at the Eagle mine, leading to environmental damage. OR acquired the Eagle royalty in March 2018 for C$98 million."We note that no final agreement is in place, and key hurdles to production advancement include rehabilitation of the mine's prior heap leach failure as well as local First Nations approval," RBC said.RBC added that Boroo is currently in default of its streaming obligation at the ATO operation to stream holder Triple Flag Precious Metals (TFPM.TO).OR traded at US$36.82 per share at last look Wednesday on the New York Stock Exchange.Price: $50.72, Change: $-0.74, Percent Change: -1.44%

$OR.TO$TFPM.TO

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Mining & Metals102d ago

CIBC Raises Celestica's Price Target to US$480 From US$425, Reiterates its Outperformer Rating

$CLS$CLS.TO