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Earnings Flash (MRG-UN.TO) Morguard North American Residential REIT Reports Q1 Net Income of $38.2M; Basic FFO of $0.41 Per Unit

Canada's Federal Gov't Projects a Smaller Deficit For FY2025-26 Than Previously Seen

Canada's federal government now projects a deficit in fiscal year 2025-26 of C$66.9 billion, down from a prior forecast of $78.3 billion, reflecting improved economic growth, it said in a spring economic update Tuesday.The deficit is set to gradually decline to C$56.2 billion by FY29-30, the government said.Projected GDP Growth is 1.1% in 2026, 1.9% in each of the next three years, and 1.8% in 2030, the governing Liberals said.

S&P/TSX CompositeS&P/TSX Composite$CXY

Mining & Metals103d ago

Big Ridge Gold Begins 2026 Work Program at Hope Brook Gold Project

Big Ridge Gold (BRAU.V) has mobilized its team for the 2026 work program at the Hope Brook Gold Project (HBGP), located on the southwest coast of Newfoundland & Labrador, the company said on Tuesday.The 2026 work program involves commencement of a geotechnical and hydrogeological drill program; infill and expansion drilling at the 240 Zone and Main Zone; finalizing metallurgical test work and produce concentrate samples for potential offtake partners; and completion of Hope Brook Gold Project Preliminary Economic Assessment (PEA), said the company."2026 will be a significant year for Big Ridge as we continue advancing the HBGP," said Michael Bandrowski, President and Chief Executive Officer. "With the camp now open we look forward to getting back to work, advancing the HBGP toward production and expanding gold and copper mineralization. We anticipate mobilizing the first drill rig in early June to focus on geotechnical and hydrogeological drilling before moving to infill and exploration drilling. The geotechnical and hydrogeological drilling is the priority for the company as the PEA nears completion and we move toward more detailed engineering."Shares were last seen down $0.035 or near 7% at $0.475 on the TSX Venture Exchange.Price: $0.47, Change: $-0.04, Percent Change: -7.84%

$BRAU.V

Mining & Metals103d ago

Canadian Goldfields to Buy Newton Gold Property in Ontario

Canadian Goldfields (CGM.V) was at last look up by near 5% after agreeing to buy from privately held Newton Gold Corp. its "highly prospective" Newton Gold property, located in Ontario.Under terms agreed, Newton Gold shareholders, immediately prior to the closing of the deal, will receive 12.5-million common shares of Canadian Goldfields, and each Newton Gold shareholder will receive about 0.62 common shares for every one Newton Gold share held, CGM said.The common shares issued to the Newton Gold shareholders will be subject to voluntary restrictions on resale, of which 33.3% will be subject to restrictions on resale for a period of six months following closing, 33.3% will be subject to restrictions on resale for a period of 12 months following closing and 33.4% will be subject to restrictions on resale for a period of 18 months following closing, the company added.The acquisition is subject to the approval of the TSX Venture Exchange acceptance and the satisfaction of other customary conditions, CMG said. The property is subject to a 2% net smelter return royalty, of which 50% can be bought back for $1.5 million, and a 1.5% net smelter return royalty, which can be bought back in its entirety for $500,000, it added.Shares of the company were last seen up $0.02 at $0.435 on the TSX Venture Exchange.Price: $0.48, Change: $+0.06, Percent Change: +14.46%

$CGM.V

Mining & Metals103d ago

STRACON Group Holding Files Preliminary Base Prep Prospectus in Connection with a Proposed Initial Public Offering

STRACON Group Holding (STG.TO) on Tuesday said it filed a preliminary base PREP prospectus with Canadian securities regulators in connection with a proposed initial public offering of its shares, it said on Tuesday.The offering is expected to consist of a primary offering issued from treasury by the company and a secondary offering, said the company. The number of shares to be offered and the offering price per share under the offering have not yet been determined, stated the company.The preliminary prospectus is still subject to completion or amendment, it said."Concurrently with the offering, the selling shareholders intend to sell a portion of the common shares being distributed pursuant to the offering through an offer-for-sale (Oferta Publica de Venta) on the LSX using its centralized trading system, which constitutes a secondary sale exempt from SMV registration under Peruvian law," added the company. "Participation in the Peruvian secondary offering will be limited to institutional investors as defined under Peruvian regulations."

$STG.TO

Mining & Metals103d ago

Blue Moon Metals Acquires Nine Mineral Claims in Nevada

Blue Moon Metals (MOON.V) is acquiring claims adjacent to the Springer Tungsten Mine in Nevada, from GoldPlay LLC and Robert Schafer for 188,199 shares and US$1.0 million cash, the company said on Tuesday.The transaction also includes a sliding scale gross revenue royalty (GRR) on the concessions. Blue Moon may buy down the GRR to 1.5% for a period of three years for a cash payment of US$2.0 million.The claims consist of nine unpatented mineral claims and cover a portion of some historically identified veins, and have seen high-grade drill results such as 1.0m @ 3.95% tungsten trioxide.The acquisition is expected to be completed by early May.Blue Moon shares were last seen down $0.91 to $10.00 on the TSX Venture Exchange.Price: $9.99, Change: $-0.92, Percent Change: -8.43%

$MOON.V

Mining & Metals103d ago

Nicola Mining Starts Exploration Drilling at Its Flagship New Craigmont Copper Project

Nicola Mining (NIM.V) on Tuesday said it launched its 2026 exploration diamond-drilling program at its New Craigmont Copper project, near Merritt, British Columbia.The company's 2026 plans include drilling an exploration hole to directly test the ZTEM anomaly and evaluate its potential as a core of a porphyry-skarn system. It notes, however, that New Craigmont "has the potential of hosting multiple porphyries, as highlighted by the adjacent Highland Valley Copper".Drilling at the Jotun target is expected to provide "valuable" geological information to support ongoing target development, including improved understanding of alteration assemblages, structural controls, lithological contacts, and mineralization, which are critical components in advancing exploration of a potential porphyry copper system at New Craigmont. The estimated budget for the 2026 program is $1.5 million, which includes a geophysical survey and a soil sampling campaign.The company expects drilling to conclude in early June before starting another drilling program at its Treasure Mountain silver project. It also expects to have its thermal vectoring dataset fully processed during the season, which will support further interpretation of hydrothermal alteration patterns and help guide decisions on whether to continue expanding this work with additional data collection in the following year.Shares of the company were last seen down $0.02 to $0.77 on the TSX Venture Exchange.Price: $0.77, Change: $-0.02, Percent Change: -2.53%

$NIM.V

Mining & Metals103d ago

Air Canada Price Target Cut to $25.50 at Stifel Canada

Stifel Canada trimmed its price target on Air Canada (AC.TO) shares to $25.50 from $28.00 while maintaining its buy rating ahead of the company reporting its first-quarter results after market close on April 30.Analyst Daryl Young expects the results to be relatively strong, despite challenges related to winter storms, Cuba fuel crises, Mexico safety disruptions, and the Middle East conflict. "However, the key focus will be the durability of demand and pace of fuel price pass-through heading into the peak Q3 period (traditionally >40% of EBITDA)."Young believes demand has remained resilient. Air Canada is also well-positioned versus smaller Canadian peers given its scale, flexible fleet, and segmented offering, he points out."We expect AC to lower its full-year 2026 guidance alongside Q1/26 results or possibly withdraw it altogether, in favour of quarter-to-quarter guidance pending fuel price stability."Price: $18.30, Change: $-0.22, Percent Change: -1.19%

$AC.TO

Mining & Metals103d ago

Paragon Advanced Labs Doubling Geochemical Analysis Capacity at Its Nevada Facility

Paragon Advanced Labs (PALS.V) will soon complete a significant expansion of geochemical-analysis capacity at its Sparks, Nevada, laboratory facility, the company said on Tuesday.The expansion "effectively doubles" the facility's geochem throughput and positions the company to meet anticipated client demand across Nevada and the broader Paragon network, it added."The expansion includes a laboratory reconfiguration to optimise analytical workflow, as well as continued improvement of quality assurance and quality control protocols, to underpin consistent and reliable results," said the company.The company's shares were last seen down $0.08 to $3.30 on the TSX Venture Exchange.Price: $3.30, Change: $-0.08, Percent Change: -2.37%

$PALS.V

Mining & Metals103d ago

CGI Price Target Cut to $128.00 at Stifel Canada

Stifel Canada cut its price target on the shares of CGI (GIB-A.TO) to $128.00 from $160.00 on "incremental sector-wide compression," ahead of the company reporting its second-quarter earnings pre-market on Wednesday.Analyst Suthan Sukumar, who is maintaining a buy rating on the stock, says an elevated cost takeout environment should bode well for continued demand strength in managed services, while also helping clients free up capital for broader AI investment, benefiting end-to-end providers like CGI.While macro uncertainty remains the key factor given the conflict and tariff impacted end-markets, recent industry results suggest more stability in the backdrop, bolstered by enduring strength in financial services and government, he adds."All in, we expect a solid print to reaffirm durability and a stronger growth trajectory over the year, vs. the market's sustaining AI disruption fears. At a decade plus low valuation at 10x P/E, risk-reward looks appealing, particularly with more M&A upside potential ahead."Price: $100.41, Change: $+0.23, Percent Change: +0.23%

$GIB-A.TO

Mining & Metals103d ago

BeWhere Holdings Q4 Revenue Rises

BeWhere Holdings (BEW.V) reported an increase in revenue in the fourth quarter.For the three months ended Dec. 31, the company reported revenue of $5.6 million compared with $4.7 million, a year earlier.Gross profit grew by 25% year-over-year and adjusted EBITDA increased by 52% year-over-year, the company said."2025 offered operating challenges, namely from tariffs, that at present we have overcome with our revised supply chain program," said Chief Operating Officer Chris Panczuk. "More importantly, in Q4 we surpassed a key operating leverage threshold for the third time in company history as quarterly gross profit from recurring revenue exceeded our operating expenses."Shares of the company were last seen up $0.02 to $0.90 on the TSX Venture Exchange.Price: $0.90, Change: $+0.02, Percent Change: +2.27%

$BEW.V

Mining & Metals103d ago

Makenita Resources Begins Operations at the Sisson West Tungsten Project in New Brunswick

Makenita Resources (KENY.CN) launched exploration work at its Sisson West tungsten project in New Brunswick, the company said on Tuesday.A helicopter-based aeromagnetic/radiometric/VLF (very-low-frequency) survey on the entirety of Makenita's Sisson West tungsten project is now underway, said the company."It is great to finally be underway on this exciting project at a time when tungsten prices and demand are strong," said President, Jason Gigliotti. "With just over 30 million shares outstanding, any success in the ground would have a meaningful impact on the company given such a small float. Management anticipates a very active remainder of the year and is very optimistic about the near- and mid-term outlook for Makenita."Shares of the company were last seen down $0.005 to $0.095 on the Canadian Securities Exchange.Price: $0.10, Change: $-0.01, Percent Change: -5.00%

$KENY.CN

Mining & Metals103d ago

First Atlas Resources Sells MacKenzie East Claims in Quebec to LaFleur Minerals

First Atlas Resources (HHE.CN) on Tuesday said it agreed to sell a 100% interest in its MacKenzie East Claims located in the Val-d'Or gold camp, Quebec, to LaFleur Minerals (LFLR.CN) in a cash and stock deal.LaFleur will buy the property in exchange for $30,000 in cash, and 175,000 shares of LaFleur Minerals. The cash portion is payable within 48 hours of execution of the agreement, the company said.The share consideration will be issued upon receipt of exchange acceptance or, if not required, within five business days following closing of the deal. The property consists of 46 mineral claims covering about 1,781 hectares.The deal allows First Atlas to monetize a non-core asset while retaining exposure to the upside of the Val-d'Or region through its equity interest in LaFleur, it added.Shares of First Atlas were last seen down $0.005 to $0.10 on the Canadian Securities Exchange.

$HHE.CN$LFLR.CN

Mining & Metals103d ago

CIBC Raises TFI International's Price Target to US$162 From US$134

CIBC Capital Markets reiterated its outperformer rating on the shares of TFI International (TFII, TFII.TO) while raising its price target to US$162 from US$134 after the company reported its first-quarter results.The trucking and logistics company reported Q1 results that were "ahead of expectations" and provided Q2 adj. EPS guidance "comfortably ahead of expectations", said CIBC."Within TFII's LTL (less than truckload) segment, the company highlighted a clear sequential inflection in LTL volumes as the quarter progressed, with January shipments down ~10% Y/Y, February shipments flattish, and then turning positive to up ~8% Y/Y in March and holding at similarly strong levels in April," noted CIBC.This reflects better operating conditions following early-quarter weather disruptions, said CIBC."Importantly, revenue per shipment also stabilized into April (roughly flat Y/Y), an improvement from down low-single digits in March, suggesting incremental volume has not come at the expense of pricing discipline," said CIBC. "TFII was also able to put through GRI in mid-March, but this accounts for just 25% of LTL shipments."TFII is also pursuing other strategic pricing initiatives including customer-specific pricing for its 3PL customer, noted CIBC and said that this suggests TForce Freight (TFF) is beginning to see both pricing and volume momentum which are "key drivers for U.S. LTL OR to fall to below 90%.""The key takeaway from TFII's Q1 results and earnings call was that it saw strong momentum exiting the quarter," said CIBC. "We have raised our earnings estimates to reflect TFII's commentary with our price target moving from (US)$134 to (US)$162. We keep our Outperformer rating."Price: $201.54, Change: $+13.01, Percent Change: +6.90%

$TFII$TFII.TO

Mining & Metals103d ago

TSX Down 180 Points at Midday With Tech, Materials Sectors The Worst Performers

The Toronto Stock Exchange is down 180 points at midday, pulled lower by the technology and materials sectors, both down 4.0%.Celestica (CLS.TO), which reported a first-quarter earnings beat on Monday, is down 15% to $488.00 at midday.Energy and telecoms are the best performers, up 2.6% and 1.1%, respectively. Telus (T.TO) which earlier today announced a partnership with Technotree, is up 2.3% with over 4-million shares being traded. The Globe & Mail also reports that Telus was upgraded to buy, from hold at at TD Cowen.The federal government will table its spring economic update at 4:00 p.m. today with Prime Minister Mark Carney hinting at a rosier bottom line and smaller-than-forecasted deficits, CBC News reports. Budget watchers are expecting a lower deficit.In company news, Barrick Mining (ABX.TO) provided an update regarding the planned initial public offering of a minority stake of a new company that will hold its North American gold assets, the company said Tuesday. In reaction, National Bank said its outperform rating remains based on Barrick's discounted valuation, future advancement of Fourmile and the upcoming value realization of its North American assets. "Advancing exploration at Fourmile represents a significant value driver for the company and given the previously announced resolution of Loulo-Gounkoto in Mali, supports a further re-rating. With a retooled focus on growing gold production in the Americas (centered around Nevada) and continued operational improvements, we see the potential for more sustainable multiple expansion going forward," the bank added.

S&P/TSX CompositeS&P/TSX Composite$ABX.TO$CLS.TO$T.TO

Mining & Metals103d ago

Argo Gold February Oil Production Decreases From Prior Month

Argo Gold (ARQ.CN) on Tuesday reported February oil production of 1,856 barrels, averaging 66 barrels per day.The company's oil revenue was $113,567 and net operating cash flow was $64,819 in the month. Its January oil production totaled 2,254 barrels, averaging 73 bpd.Shares of the company were last seen down $0.01 to $0.085 on the Canadian Securities Exchange.Price: $0.09, Change: $-0.01, Percent Change: -10.53%

$ARQ.CN

Mining & Metals103d ago

Copper Equities Down 5.5% Week over Week, RBC Says

Copper equities fell 5.5% over the past week driven by a pullback in gold, a firming U.S. dollar, and a sharp oil rally, as markets digest the spillover effects of the war in Iran, RBC Capital Markets said Monday.Sulfuric acid availability remains in focus as China plans to halt acid exports in May to prioritize domestic fertilizer and battery production. Prices are reaching about $1,000 per tonne, threatening leaching operations that represent 20% of global copper output, while operations in the Democratic Republic of Congo rely primarily on Middle Eastern acid.Ivanhoe Mines (IVN.TO) stands out as a clear beneficiary of this acid supply squeeze, with the newly commissioned Kamoa-Kakula smelter producing 1,200 tonnes per day of acid that could generate over $400 million in annual byproduct revenues at spot prices.Capstone Copper (CS.TO) and Lundin Mining (LUN.TO) face potential cost headwinds from theirChilean leaching operations, although local supply chains and term contracts could provide insulation in the near term, RBC said.Price: $78.52, Change: $-3.72, Percent Change: -4.52%

$CS.TO$FM.TO$HBM.TO$IVN.TO$LUN.TO$TECK-A.TO$TECK-B.TO

Mining & Metals103d ago

RBC on CPKC's New Collective Agreements With SMART-TD and BLET

Canadian Pacific Kansas City (CP.TO) last week announced tentative collective bargaining agreements with two unions; the Sheet Metal, Air, Rail and Transportation Works - Transportation Division, (SMART-TD) and the Brotherhood of Locomotive Engineers and Trainmen (BLET), that consolidate 11 contracts into two streamlined hourly agreements covering about 1,700 T&E (train and engine) employees.Each agreement runs to 2034, providing nearly a decade of labor stability across a significant portion of CPKC's U.S. operations, notes RBC analyst Walter Spracklin and James McGarragle.The new agreement model reduces work rule segregation and yields a more productive workforce and operational efficiencies, CPKC told RBC. With most of the railway's U.S. network now on hourly agreements, management expects network-wide standardization to unlock incremental operational savings, Spracklin and McGarragle write.Combined with the previously ratified Soo Line BLET agreement (December 2025, not reopening until 2029), these deals would cover ~81% of CPKC's U.S. T&E workforce upon ratification, they add.Price: $119.43, Change: $+0.34, Percent Change: +0.29%

$CP.TO

Mining & Metals103d ago

Viscount Mining Upgrade to OTCQX Best Market; Shares up 4.7%

Viscount Mining's (VML.V) on Tuesday said its shares have been upgraded to the OTCQX Best Market and are trading under the symbol "VLMGF.The company had previously been trading on the OTCQB Venture Market."The upgrade to the OTCQX Best Market reflects the company's continued focus on strengthening its capital markets presence and improving accessibility for U.S. investors," said chief executive Jim MacKenzie. "We believe this transition supports broader investor awareness and aligns with our objective of advancing our asset portfolio in a disciplined and transparent manner."The company's shares were last seen up $0.02 to $0.45 on the TSX Venture Exchange.Price: $0.44, Change: $+0.01, Percent Change: +1.16%

$VML.V

Mining & Metals103d ago

Sagicor Financial Appoints Eric Sandberg as President of Sagicor Life USA

Sagicor Financial (SFC.TO)on Tuesday said it appointed Eric Sandberg as president of Sagicor Life USA.Sandberg most recently served as chief financial officer and chief risk officer at National Life Group, a life insurance and annuity provider operating in 49 U.S. states."This appointment is an important step as we continue to build out our American leadership team to successfully execute on our U.S. strategy. Eric's background and expertise will be invaluable in driving our next phase of growth," chief executive Andre Mousseau said in a release.Sagicor Financial shares were last seen down $0.13 to $9.39 on the Toronto Stock Exchange.Price: $9.39, Change: $-0.13, Percent Change: -1.37%

$SFC.TO

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