Financial News · Live Terminal

Montage Gold Says Completed Acquisition of African Gold

$MAU.TO

Fiera Capital Announcing Return of Maxime Menard As Global President and CEO

$FSZ.TO

Canadian Pacific Kansas City Declared a Quarterly Dividend of $0.268 Per Share, Increase of 17.5%, Ahead of Q1 Results This Afternoon

$CPKC.TO

Earnings Flash (AXL) Arrow Exploration Reported Total Nat Gas and Crude Oil Q4 Revs US$16.5M Vs $22.87M a Year Earlier

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Earnings Flash (TIH.TO) Toromont Reported Q1 Revs $1.23B, Up 13%; Basic EPS $1.14, Up 24%

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Earnings Flash (PSD.TO) Pulse Seismic Reported Q1 Total Revs $1.9M Vs $22.8M; Swing To Net Loss $1.4M; Lifted Regular Quarterly Div 7%

$PSD.TO

First Quantum Minerals Swings to a Loss in the First Quarter

First Quantum Minerals (FM.TO) reported a first-quarter loss despite higher revenue, as the company continues to face operational challenges linked to the Middle East conflict and its impact on supply chains.The company posted an adjusted loss, excluding most one-time items, of US$147 million, or US$0.18 per share, compared with an adjusted profit of US$5 million, or US$0.01, in the prior-year period. It missed FactSet analysts estimates of US$0.03 in earnings per share.Revenue for the three months ended March 31, rose 18% year over year to US$1.40 billion from US$1.19 billion a year earlier.. It exceeded FactSet estimates of US$1.36 billion.For 2026, the company raised its copper production guidance to 405,000-475,000 tonnes. Gold production guidance was lowered to 150,000-175,000 ounces from 175,000-200,000 ounces, reflecting a delay in the transition of Guelb Moghrein to a gold operation to 2027, partially offset by expected gold output from processing stockpiled ore at Cobre Panama."Our long standing investments in innovation and electrification, including trolley-assist, continue to structurally reduce fuel intensity and our sites are advancing additional initiatives to further improve efficiency. We expect the increases in fuel prices to impact our cost base in the second quarter," said chief executive Tristan Pascall. Quantum.The company said it expects to produce between 405,000 - 475,000 tonnes of copper this year, up from in January estimate of 375,000 - 435,000 tonnes, including 30,000 to 40,000 tonnes from Cobre Panama as it readies to resume processing stockpiled ores. It lowered its gold production guidance to 150,000 - 175,000 ounces from its prior 175,000 - 200,000 ounce estimate. Its nickel production guidance was unchanged.The company's shares closed down $1.63 at $34.29 on Toronto Stock Exchange.

$FM.TO

Western Energy Services Posts Lower Profit, Revenue for First Quarter

Western Energy Services (WRG.TO) after trade Tuesday reported lower profit and revenue for the first quarter.The company said it earned $1.8 million, or $0.05 per share, compared with $2.4 million, or $0.07, a year ago "as lower adjusted EBITDA and higher stock-based compensation expense was partially offset by decreases in depreciation expense, finance costs, income tax expense, and other expenses due to a gain on the sale of assets in the first quarter of 2026". FactSet expected loss per share of $0.01.Revenue fell 20% to $55.3 million from $69 million a year prior "as drilling and well servicing activity decreased due to market uncertainty and continued low gas prices," the company said. FactSet projected $56 million.Regarding ongoing geopolitical tensions and continued shifts in energy policy, the company said "the extent and duration of the impact of these conditions on Western's customers and operations remain uncertain"."Over the medium term, Western expects its fleet to benefit from increased drilling activity associated with major Canadian infrastructure projects, including LNG Canada and the Trans Mountain expansion, and from broader initiatives supporting domestic energy security and economic independence," the company said.The company's shares closed down $0.01 to $3.11 on the Toronto Stock Exchange.

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Thomson Reuters Shareholders Approve of Return of Capital and Share Consolidation Transactions

Thomson Reuters (TRI.TO, TRI), was last seen down 3% in after-hours Nasdaq trading, said Tuesday that shareholders approved a plan of arrangement to implement the company's proposed return of capital and share consolidation transactions.The company said a final report on voting results will be filed with Canadian securities regulators and furnished to the U.S. Securities and Exchange Commission.The return of capital and share consolidation transactions consist of a special cash distribution of US$605 million, or approximately US$1.36 per share.The plan of arrangement for the return of capital and share consolidation transactions is subject to final approval by the Ontario Superior Court of Justice as well as the Toronto Stock Exchange and the Nasdaq. The court hearing for a final order to approve the plan of arrangement is scheduled on April 29.The company's shares were down US$2.66 to US$87.23 in after-hours after closing up C$1.56 at C$123.04 on TSX.

$TRI$TRI.TO

Aecon Group Posts a Narrower Loss and Higher Revenue for First Quarter

Aecon Group (ARE.TO) after trade Tuesday reported a narrower loss and higher revenue for the first quarter.The construction and engineering company's adjusted loss attributable to shareholders, excluding most one-time items, was $13.3 million, or $0.21 per share, compared with a loss of $34.6 million, or $0.55, a year ago. FactSet expected $0.23 loss per share.Revenue for the period rose to $1.26 billion from $1.06 billion in the year ago quarter. FactSet projected $1.13 billion."Driven by record backlog of $10.9 billion, growth in new geographies and markets, robust recurring revenue programs, and backed by strong opportunities tied to power generation, critical resource development, transit, water, and defence, Aecon expects 2026 revenue to exceed 2025 levels," Chief Executive Jean-Louis Servranckx said.In its outlook, the company said it expects 2026 revenue to be above its 2025 result on the strength of its backlog as it works on projects in Canada, the United States and internationally.Aecon shares closed down $1.03 to $48.10 on the Toronto Stock Exchange.

ARC Resources Q1 Per Share C$1.03 Vs $0.69 a Year Earlier; Comes Days After News It Will Be Acquired By Shell

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Earnings Flash (FM.TO) First Quantum Minerals Posts Q1 Adjusted Loss US$0.18 per Share, vs. FactSet Est of $0.03

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Earnings Flash (WRG.TO) Western Energy Services Reports Q1 Revenue C$55.3M; Net Income of $1.8M

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First Quantum Adjusted Loss of US$147 million ($0.18 Adjusted Loss Per Share) for Q1

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Western Energy Services Q1 Revenue of $55.3M in 2026 was $13.7M (or 20%) Lower Than Q1 2025

$WRG.TO

Atico Mining Reports Q1 Copper Output Down, Gold Production Up At El Roble Mine

Atico Mining (ATY.V) after the close Tuesday reported its operating results for the three months ended March 31, 2026, from its El Roble mine.The company said copper production totaled 2.09-million pounds, down 6% year over year, while gold production rose 36% to 2,108 ounces, both in concentrates.Average processed throughput was 734 tonnes per day, a 5% decline from the first quarter of 2025.Copper head grade was 1.86%, down 6% year over year, while gold head grade increased 20% to 1.69 grams per tonne.Copper recovery was 91.0%, down 3% from a year earlier, while gold recovery improved 10% to 69.1%.The El Roble mine is a high grade, underground copper and gold mine with nominal processing plant capacity of 1,000 tonnes per day, located in Colombia."The El Roble mine performed slightly below plan during the quarter, even though gold production was above budget. We achieved a competitive operating cost and clear improvements are already visible in the second period as operations are back on track to meet our full-year guidance," said chief executive Fernando Ganoza. "During the quarter, we successfully completed the sale of two concentrate shipments, combined with record metal prices, positions us to deliver robust financial results."The company's shares closed unchanged at $0.275 on the TSX Venture Exchange.

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Morguard North American Residential REIT Q1 Profit Slips, Revenue Falls

Morguard North American Residential Real Estate Investment Trust (MRG-UN.TO) after the close Tuesday reported a slight year-over-year decline in first-quarter net income on lower revenue.Net income for the three months ended March 31 was C$38.18 million, down $0.1 million, or 0.4%, from $38.33 million in the prior-year period. The company said the decrease was "predominantly due to offsetting net non-cash charges."Revenue fell 4.2% year over year to $86.47 million from $90.27 million a year earlier. It missed FactSet analysts estimate of $87.7 million.Basic funds from operations were $0.41 per unit for the quarter, down 6.8% from $0.44 per unit in the year-prior quarter.The REIT's units closed down $0.04 at $17.48 on Toronto Stock Exchange on Tuesday.

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Earnings Flash (ARE.TO) Aecon Group Inc. Reports Q1 Revenue $1.26B, vs. FactSet Est of $1,133.2M

Earnings Flash (ARE.TO) Aecon Group Inc. Posts Q1 Adjusted Loss $0.21 per Share, vs. FactSet Est Loss of $0.23

Aecon Q1 Revenue $1,257M; Record Backlog of $10.9B