Financial News · Live Terminal

Page 264 of 294

CGI Implements Multi-Agent AI Solution for SOK Finance

CGI (GIB-A.TO) implemented a multi-agent AI solution built on AWS Bedrock for SOK Finance to bring AI into production use in financial administration and customer service, the company said on Thursday.The solution "significantly accelerates" processes such as invoice copy requests and due date changes, "improving efficiency and consistency" compared with previous manual handling, said the company.The solution was deployed in SOK Finance's Palveluassa service center, which provides financial management and payroll services for the S Group, a customer-owned Finnish network of retail and service companies with approximately 2,000 outlets, the company added.The company was responsible for the design, implementation and deployment of the solution, as well as its integration with SOK Finance's key systems, added CGI.

$GIB-A.TO

Mining & Metals107d ago

B2Gold Closes Sale of 70% Stake in Fingold to Agnico Eagle

B2Gold (BTO.TO) has completed the sale of a 70% interest in Fingold Ventures to Agnico Eagle Mines (AEM.TO) for US$325 million, B2Gold said Thursday.Fingold owns several exploration claims adjacent to Rupert Resources' (RUP.TO) Ikkari project in Finland.B2Gold plans to use the proceeds to further strengthen its financial position, to continue to purchase shares under its recently renewed normal course issuer bid, and for general working capital purposes, the company previously said.Aurion Resources (AU.V) owns the remaining 30% in Fingold.

$AEM.TO$AU.V$BTO.TO$RUP.TO

Mining & Metals107d ago

FirstService up 2% in U.S. Pre-Market, Reports Higher Q1 Adjusted Earnings, Revenue

FirstService (FSV.TO) adjusted earnings and revenue for the first quarter both advanced, beating estimates, the company reported on Thursday. FirstService shares are up 2% in New York trading.Adjusted earnings edged up to US$43.5 million, or $0.95 per adjusted share, from $42.1 million, or $0.92 per adjusted share, from the prior year period. Analysts polled by FactSet had expected $0.88 per share.Revenue increased 5% to $1.32 billion over the same period, beating the $1.31 billion forecast."We are pleased with our results to start the year, which were largely in-line with internal expectations across all of our brands," said chief executive Scott Patterson. "Our businesses remain focused on driving market share gains and building growth momentum for the balance of 2026."FirstService shares were last seen up $2.99, to $152.55, in U.S. pre-market trading.

$FSV.TO

Mining & Metals107d ago

First Mining Provides Update on Springpole Gold Project

First Mining Gold (FF.TO) has voluntarily agreed to a short extension to the environmental assessment decision date on the Springpole Gold Project, until June 30, 2026, following discussions with the Impact Assessment Agency of Canada, the company said Thursday.The original IAAC decision date on the Springpole Project was May 22, 2026, and the extension will provide IAAC additional time to complete the final EA report, it noted.Cat Lake and Lac Seul First Nations have completed their independent Anishinaabe Led Impact Assessment (ALIA) on the Springpole Project, said First Mining, adding it supported them in doing that. The communities are preparing to vote, based on the findings of the ALIA, on June 4, 2026, First Mining noted. "The short extension will allow the communities to continue working with the provincial and federal government to achieve the necessary measures to ensure they can meaningfully participate in the Project," the company added.Shares in FF were down $0.02 or near 4.2% at $0.46 in Canada yesterday.

$FF.TO

Mining & Metals107d ago

Pollard Banknote Says Rob Rose to Retire From CFO Role

Pollard Banknote (PBL.TO) announced the planned retirement of Rob Rose from the role of Executive Vice President, Finance and Chief Financial Officer, effective Dec. 31, overnight Wednesday.Rose "has been an integral member of Pollard Banknote's executive management team", over the last 31 years, the company said. An executive search process for his successor has begun.Shares of the company closed up 0.4% to $18.32 on Wednesday on the Toronto Stock Exchange.

$PBL.TO

Mining & Metals107d ago

Mullen Group Says Acquisitions Drove Q1 Growth; Adds "Growing Evidence" Freight Recession Near Needed Inflection Point

Mullen Group (MTL.TO), in the transportation and logistics industries, reported Thursday mixed earnings for the first quarter, but said "the year is off to a good start" as acquisitions are "continuing to drive revenue growth" and added in March "there was growing evidence that the long-awaited freight recession was near the needed inflection point".The company's first-quarter net income was C$21 million, or $0.22 per share basic and diluted, compared to $17.7 million, or $0.20 per share in the corresponding year-ago quarter. It met the consensus forecast at FactSet.For the first quarter, Mullen's adjusted EPS was $0.20 per share, compared with $0.21 per share in the corresponding year-ago quarter.The company's revenue in the first quarter was $547.7 million, compared to $497.1 million in the year-ago quarter. Consensus forecast for sales at FactSet was $544.2 million."The year is off to a good start for our organization with acquisitions continuing to drive revenue growth in the quarter," said Murray Mullen, Chair and Senior Executive Officer. "More importantly, we have added quality companies to our network of independently managed Business Units, a foundation of our acquisition strategy. In addition, the general market conditions showed signs of improving, with demand holding steady and a tightening in supply in several sectors of the trucking and logistics industry. This was evident in the month of March, one of the best months we have seen in a while.""We all know one month is not a trend, but in March there was growing evidence that the long-awaited freight recession was near the needed inflection point," added Mullen. "Demand was solid and supply was tightening. Under this scenario, if it continues, pricing will improve. In saying this we know there are risks on the demand side given the recent increase in fuel prices, which could delay the economic recovery, meaning we must monitor the events very closely. The "Nation Building" narrative is also a positive and from our viewpoint it is only a matter of time as to when these needed projects commence. These projects are all capital intensive and will require a significant logistics component. We will be well positioned to capitalize on the opportunities when they arrive. Until they do, acquisitions will continue to drive growth at Mullen Group."Shares in MTL closed down $0.06 or 0.33% on Wednesday.

$MTL.TO

Mining & Metals107d ago

Mkango Resources, Siemens Collaborate on Rare Earth Magnet Recycling

Mkango Resources (MKA.V) is collaborating with Siemens as part of the company's efforts to advance its rare earth magnet recycling and manufacturing facility in the U.K., Mkango said Thursday.Siemens has incorporated recycled neodymium-iron-boron (NdFeB) magnets produced by Mkango subsidiary HyProMag into a SIMOTICS servomotor rotor this week, Mkango said. Servomotors are used in robotics, tooling machines, packing machines and other applications.The Mkango-Siemens collaboration is focused on transforming old magnets into new high-performance components to close the loop on circularity, Mkango said."The collaboration with Siemens is one example of win-win partnerships being developed by HyProMag, and we are engaging with multiple potential customers across a range of industries," Mkango Chief Executive William Dawes said.HyProMag has produced 9.2 tonnes of recycled NdFeB alloy powder to date following commissioning of the hydrogen processing of magnet scrap vessel last year, of which 7.4 tonnes has been shipped to customers, Mkango added."Mkango aims to provide a one-stop-shop solution for primary and secondary rare earth products across the supply chain, coupled with competitive technology solutions for rare earth magnet recycling via HyProMag and Inserma," Dawes added.

$MKA.V

Mining & Metals107d ago

Descartes to Acquire Idelic For US$28 Million

The Descartes Systems Group (DSG.TO) has acquired Idelic, which provides AI-powered driver safety solutions, for US$28 million cash, the company said on Thursday.Descartes may also pay a performance-based consideration of up to $12 million cash, if the combined business achieves revenue-based targets in each of the first two years post-acquisition.Idelic's safety intelligence platform unifies daily safety management activities such as training, monitoring, reporting and coaching into a single solution. Fleets can proactively identify and reduce driving risk by using the platform's unique dataset of more than 40 billion miles of telemetry and over 400,000 accident records, a statement said."The need for trusted, real-time fleet and operational data is becoming increasingly critical as customers advance their AI strategies," said Descartes chief executive Edward Ryan. "By combining Idelic's predictive safety intelligence and unique, critical data with Descartes' GLN [Global Logistics Network], we're strengthening the data foundation that powers smarter fleet performance decisions and safer, more efficient operations."Idelic is headquartered in Pittsburgh, Pennsylvania.Descartes shares closed down $0.95, to $102.90 on Wednesday on the Toronto Stock Exchange.

$DSG.TO

Mining & Metals107d ago

FirstService Q1 Adjusted EPS US$0.95 Vs $0.92 a Year Earlier

$FSV.TO

Mining & Metals107d ago

Avino Silver and Gold Announcing Q1 2026 Production Results

$ASM.TO

Mining & Metals107d ago

AutoCanada Amends and Restates Credit Agreement

AutoCanada (ACQ.TO) entered into an amended and restated credit agreement, providing about $1.38 billion in total committed facilities, it said overnight Wednesday.The amended credit agreement is effective as of April 22 and extends the maturity of its senior credit facilities to Nov. 22, 2028, from Apr. 22, 2027. The amendment also reflects a revised facility structure, including a reduction in revolving floorplan financing capacity to $1.0 billion from $1.22 billion.The agreement also simplifies its capital framework through the removal of the borrowing base and goodwill-based revolving credit structure, and includes updates to the pricing grid, increased financial covenant thresholds, changes to the definition of Bank EBITDA to expand allowable addbacks, and other administrative amendments, the company said. The credit facilities are expected to be used for general corporate needs.Shares of the company closed up 3.5% to $23.03 on Wednesday on the Toronto Stock Exchange.

$ACQ.TO

Mining & Metals107d ago

High Tide Up 1.9% In US Premarket As Moves to Investigate Potential Manipulation of Its Shares

High Tide (HITI.V) will retain forensic investigators and share trading surveillance specialists to review trading activity in its shares, the company said on Thursday.The specialists will focus on activity surrounding High Tide's earnings releases and other disclosure events, it added.Over more than the last 10 consecutive quarters, despite reporting "exceptional" financial results almost always ahead of analysts forecasts, High Tide's closing share price on the following regular trading day has been lower than the previous day's closing price, a statement said.The company intends to take "decisive and proactive steps" to fully investigate this matter, and will report its findings to Canadian and U.S. regulators.High Tide shares were last seen up US$0.05, to US$2.63, in New York trading. They gained more than 8% in both the US and Canada yesterday.

$HITI.V

Mining & Metals107d ago

Green Thumb Industries Announces an Additional $100M Authorized for its Share Repurchase Program

$GTII.CN$HMMJ.TO

Mining & Metals107d ago

IsoEnergy Says Continues Systematic Drill Testing at Flatiron, Targeting Growth Near Tony M Mine, Utah and Provides Bulk Sample Update

$ISO.TO

Mining & Metals107d ago

First Mining Provides Update on Springpole Gold Project

$FF.TO

Mining & Metals107d ago

B2Gold Completes Sale of its 70% Interest in Fingold

$AEM.TO$BTO.TO

Mining & Metals107d ago

Descartes Buying Idelic For Up-front Consideration of Near US$28M, Satisfied With Cash On Hand, Plus Potential Performance-based Consideration

$DSG.TO

Mining & Metals107d ago

Descartes Acquiring Idelic, a Provider of AI-powered Driver Safety and Performance Management Solutions

$DSG.TO

Mining & Metals107d ago

Collective Mining to Commence Drilling at Trap Target in May

Collective Mining (CNL.TO) will begin drilling at the Trap target in May after receiving a key exploration title from the Colombian National Mining Agency and a key outstanding tenement to fully consolidate the target area, the company said Thursday.The Trap target is located about 3.5 kilometers to the northeast of the flagship Apollo system of the Guayabales project in Colombia.Total consideration for the tenement acquired by the company from an arms-length third party entity is US$3.5 million, to be satisfied in three equal installments.The key exploration title covers the northwestern trending extension of the sheeted vein system and a newly generated large porphyry target. Drilling aims to test the 850-meter extension and a new large gold-copper porphyry anomaly.Trap is a large-scale gold-copper porphyry target, a priority exploration target and part of the growth strategy for the Guayabales project, the company said.

$CNL.TO

Mining & Metals107d ago

Discovery Produces 60,269 Ounces of Gold in Q1 2026; Says "Excellent" Drill Results Confirm Growth Potential at Porcupine

Discovery Silver Corp.'s (DSV.TO) Porcupine operations produced 60,269 ounces of gold in the first quarter of 2026, the company said overnight Wednesday, while adding it "remains on track" for total gold production in 2026 of 260,000 to 300,000 ounces.Quarterly gold production in 2026 is expected to increase as the year progresses reflecting the ramp up of mill throughput and production at the Hollinger open pit, as well as the favourable impact of investments to optimize the company's current mining operations, DSV said in the overnight statement.Meanwhile, "excellent" drill results confirm growth potential at Porcupine, DSV said in a separate statement Thursday. The company reported results from ongoing exploration at its Porcupine Operations, including Hoyle Pond Mine, Borden Mine and Pamour Mine, as well as at the Dome and TVZ advanced stage growth projects and regional exploration targets.Results include assays from a combined total of 143 holes (44,740 m), completed between Q4 2025 and Q1 2026, DSV added in Thursday's statement.Shares in DSV rose 4.1% or $0.40 to $10.13 in Canada yesterday.

$DSV.TO

Showing 5261-5280 of 5869

Mining & Metals107d ago

Mullen Group Says Acquisitions Drove Q1 Growth; Adds "Growing Evidence" Freight Recession Near Needed Inflection Point

$MTL.TO