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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 & Metals147d 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 & Metals147d 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 & Metals148d 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 & Metals148d 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 & Metals148d 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 & Metals148d 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 & Metals148d 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 & Metals148d 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%

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Mining & Metals148d ago

RBC Maintains Seabridge Gold's Outperform Rating, US$71.00 Price Target, Ahead of Valor Gold Spin Out

RBC Capital Markets on Monday reiterated its outperform, speculative risk, rating on the shares Seabridge Gold (SEA.TO, SA) and its US$71.00 price target ahead of its Valor Gold spin out.Seabridge recently provided an update on the planned spin out of its Courageous Lake project in the Northwest Territories. A special shareholder vote is scheduled May 22 and closing is targeted in June.Under the planned arrangement, Seabridge will subscribe to 700,000 shares of spinout company Valor Gold at C$7.29 per share for total consideration of C$5.1 million.Seabridge will also receive a stream that allows the company the right to purchase 10% of future quarterly gold production at a fixed price of US$4,000 per ounce if the average price of gold over the quarter remains above US$4,000/oz, in exchange for 54.3 million Valor shares and an advance payment of C$4.9 million.Following the spin-out, Valor is expected to maintain C$10 million in cash to support project development.Upon approval, Seabridge will distribute 55-million shares in Valor gold to shareholders at a 1:1.953 ratio, implying a per-share valuation of C$21.10 per share.Valor Gold has applied to be listed on the Toronto Stock Exchange and OTCQB in the U.S.Price: $38.76, Change: $-2.45, Percent Change: -5.95%

$SA$SEA.TO

Mining & Metals148d ago

Petro-Victory Energy Says SJ-12 Well Encounters Hydrocarbon

Petro-Victory Energy's (VRY.V) SJ-12 well Sao Joao (SJ) field in Brazil encountered ~280 meters of gross interval containing hydrocarbon-bearing sections, the company said on Tuesday.The well encountered 72 net meters of hydrocarbon pay (gas). An additional 45 meters (147 feet) of hydrocarbon (oil) shows were identified, a statement added.Petro-Victory is planning an additional testing program to further evaluate the SJ-12 well, with results to be announced separately."The SJ-12 well significantly exceeds our expectations and marks a major milestone in the development of the Sao Joao Field. We have confirmed a robust and active petroleum system, with clear stacked pay potential. These results validate our subsurface model and reinforce our confidence in the field's scale and long-term value creation," said chief executive Richard Gonzalez.Petro-Victory last traded on April 15, closing at $0.73, on the TSX Venture Exchange.

$VRY.V

Mining & Metals148d ago

Stallion Uranium Recommences Drilling at Moonlite Project

Stallion Uranium (STUD.V) recommenced drilling operations at its Moonlite project in the Athabasca Basin, northern Saskatchewan, it said Tuesday.The company has completed about 1,900 metres of the planned 4,000-metre Phase 1 diamond drill program, and every drill hole completed so far has intersected "significant" alteration and structure."The consistent intersection of significant alteration and structural features in every hole drilled is highly encouraging for uranium exploration in the Athabasca Basin," said Stallion Uranium Vice President Exploration Darren Slugoski.Drilling continues to test priority areas within the interpreted conductive corridor, with emphasis on zones of structural complexity and alteration favourable for uranium mineralization.The company also reported that the two contractors injured in the isolated April 1, 2026, incident remain in stable condition and are receiving additional treatment.Shares of the company were last seen up 1.4% at $0.36 on the TSX Venture Exchange.Price: $0.36, Change: $+0.01, Percent Change: +1.41%

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Mining & Metals148d ago

Crossroads Gold Begins Trading on the Frankfurt Stock Exchange

Crossroads Gold's (CRG.V) common shares began trading effective April 24, 2026, on the Frankfurt Stock Exchange under the symbol 'FI1', the company said on Tuesday.The company's common shares will continue to trade on the TSX Venture Exchange under the symbol 'CRG' and the OTCQB under the symbol 'CRGCF', said the company."Following commencement of trading on the TSXV in early March 2026 and the OTCQB in late April 2026, Crossroads is now available for trading on three marketplaces worldwide," said Rex Motton, Chief Executive Officer and Director of Crossroads. "This listing reflects growing investor interest in gold exploration companies from Europe, particularly Germany where there is a long history of investing in exploration companies. This listing is expected to expand the Company's access to European capital markets, while increasing the liquidity and visibility of the Company's shares among an expanded international investor audience, including both institutional and retail investors across Germany and the broader German-speaking European market. We view this as a natural extension of our North American listings and is a foundation for long-term engagement with potential European shareholders."The company's shares were last seen up $0.005 at $0.20 on the TSX Venture Exchange.Price: $0.20, Change: $+0.01, Percent Change: +2.56%

$CRG.V

Mining & Metals148d ago

Allied Gold Confirms Normal Course Conduct of Business at Operating Mines in Mali, Cote d'Ivoire and Development Project in Ethiopia

Allied Gold (AAUC.TO) confirmed the normal course conduct of business at its operating mines in Mali and Cote d'Ivoire and its development project in Ethiopia including operations at the Sadiola Gold Mine, located in the Kayes Region in western Mali, it said Tuesday.The company's mines continue to operate normally, it said, with production and other site activities proceeding "in line" with expectations. Development of Kurmuk in Ethiopia continues as planned with commencement of production expected in the third quarter this year.Allied Gold and Zijin Gold, it added, are in continuous dialogue planning for an orderly transition on completion of its previously announced transaction. The arrangement agreement provides for an outside date for closing of May 29, subject to extension in certain circumstances."In light of recent events in Mali involving the conflicts between government and insurgent groups, the Company also wishes to report that while its business operations in Mali continue in the normal course, with such activities occurring at far distances from the Company's operations, the Company continues to monitor the situation and take precautions to ensure the safety and wellbeing of persons employed by the Company in the country," said Allied Gold in a statement.Shares of the company were last seen down 0.6% at $41.40 on the Toronto Stock Exchange.Price: $41.34, Change: $-0.31, Percent Change: -0.74%

$AAUC.TO

Mining & Metals148d ago

NG Energy Up 14% As Announces "Significant" New Gas Discovery In Colombia, Graduating To TSX This Week

NG Energy International (GASX.V) was up 14% early Tuesday after it reported "positive" results from the Hechicero-1X well on the Sinu-9 Block in Colombia, an update on drilling operations at the Maria Conchita Block, and the graduation of the company's common shares to the Toronto Stock Exchange, effective April 30, 2026.The company holds a 39% non-operating working interest in Sinu-9 and operates the Maria Conchita Block with an 80% working interest, Tuesday's statement noted.Among highlights, a pre-CDO-San Cayetano interval was discovered during drilling of the Hechicero-1X well with a net pay of 103 ft, said the company, adding initial well tests from this interval delivered a production rate of 26.4 MMcf/d on a 43/128 choke with 1,800 psi well-head pressure.Natural gas was also confirmed through electric log analysis at multiple intervals within the shallower CDO formation and Porquero formation, with a net pay of 288 ft and 149 ft respectively, which is consistent with results at the Magico-1X and Brujo-1X wells, said the company.Current transportation capacity of 30 MMcf/d at Sinu-9 is anticipated to be filled by the combination of Hechicero-1X and the wells already on production, said the company. The initial 18-kilometre pipeline loop is expected to increase capacity to 40 MMcf/d by the end of May 2026, it added.Drilling of the Aruchara-5 well is "on schedule and on budget" at Maria Conchita, the company said.The company said it received a scheduled US$42.5 million cash payment from the M&P transaction in April 2026, with an additional US$42.5 million to be received in July 2026, and remains fully funded for all ongoing capital projects. It received C$7.4 million in cash from warrant and option exercises since the beginning of the year.In connection with the listing on the TSX, its common shares, debentures and warrants will be voluntarily delisted from the TSX Venture Exchange at the close of markets on April 29, 2026. Its trading symbols for the common shares, debentures and warrants will remain "GASX", "GASX.DB" and "GASX.WT.A", respectively.

$GASX.TO$GASX.V

Mining & Metals148d ago

TELUS Launches AI Accelerator Program, Selects Albion to Deliver VAS Platform

TELUS (T.TO) launched a program with L-SPARK to allow high-potential Canadian startups and scaleups to build, train and deploy advanced AI solutions on Canada's fastest and most powerful sovereign AI supercomputer, TELUS said Tuesday.The TELUS Sovereign AI Accelerator will allow participants to gain access to the TELUS Sovereign AI Factory, paired with tailored business advisory support from L-SPARK.The combination will equip the startups to transform ambitious AI roadmaps into scalable, market-ready offerings that strengthen Canada's position in the global AI economy, TELUS said.Participating companies include Airy3D, Codalio, PataBid and TopoLift.Separately, TELUS selected Albion to deliver a next-generation value-added services (VAS) platform under a partnership with Tecnotree, with an initial deployment of a voicemail application.Under the engagement, Albion will deliver the solution leveraging Tecnotree's proven VAS and digital services platform, supporting TELUS' objectives to modernize service capabilities.As part of the deployment, Albion will provide end-to-end managed services, including platform operations, service assurance, and ongoing lifecycle management.Price: $17.00, Change: $+0.42, Percent Change: +2.53%

$T.TO

Mining & Metals148d ago

TSX Now Down Near 50 Pts, Was Down More Double That at the Open; But Adding to 3 Straight Days of Losses

S&P/TSX CompositeS&P/TSX Composite

Mining & Metals148d ago

GoldHaven Resources Raises $2.04 Million in Total Via Non-Brokered Flow-Through Financing

GoldHaven Resources (GOH.CN) closed the final tranche of its non-brokered flow-through oversubscribed financing for total gross proceeds of $2.04 million, the company said Tuesday.Proceeds will fully fund the 2026 Magno drill program and it is targeting tungsten mineralization up to 6,550 ppm W, alongside high-grade silver values up to 2,370 g/t Ag, the company added.In connection with the closing of the final tranche, the company issued an additional 1,207,700 flow-through shares at a price of $0.265 per share, for gross proceeds of $320,040, it said.In total, the company has issued 7,690,117 flow-through shares under the Flow-Through Offering at a price of $0.265 per share, for aggregate gross proceeds of $2,037,881, representing an oversubscribed financing exceeding $2 million, it added.GoldHaven Chief Executive Rob Birmingham said: "With multiple high-priority targets defined across Magno, Kuhn, and the D-Zone, including significant tungsten mineralization with values up to 6,550 ppm, we believe the upcoming drill program is well positioned to unlock the scale of this district-wide polymetallic system."

$GOH.CN

Mining & Metals148d ago

Orosur Mining Says Developing New Drill Targets at Anza Project, Colombia

Orosur Mining (OMI.V) is developing new drill targets at its Anza project in Colombia, the company said in an update on Tuesday.The three target areas are Pepas, APTA, and El Cedro. So far, a drone mounted magnetic survey has been completed over El Cedro and APTA. It is expected that several weeks may be required to finalise processing of these data, which can then be used with the recent sampling data at El Cedro and drilling currently underway at APTA, to develop new drill targets in the region.Drilling can begin at El Cedro shortly once targeting and access permitting has been completed. Orosur noted that a cluster of gold porphyry intrusions in the south of the project area is also being mapped and sampled, with a view to potentially being drilled later in the first half of this year.Earlier this month, Orosur said a new zone of gold mineralisation was discovered 100 meters west of the Pepas deposit. The company has temporarily moved the Pepas rig to a new target several hundred metres to the south, to allow time for data from this recent drilling at Pepas West to be compiled and examined."With the possibility of three rigs operating soon on three prospects, Anza is now inexorably growing in scope, scale and complexity. The picture is emerging of a substantial mineralised province, the surface of which is only now starting to be scratched," said chief executive Brad George.Orosur Mining shares closed unchanged at $0.35 on the TSX Venture Exchange on Monday.

$OMI.V

Mining & Metals148d ago

Update: Barrick Advancing IPO of North American Gold Assets, Announcing Executive Appointments

(Adds National Bank commentary in second and third paragraphs and updates share price in the last paragraph)Barrick Mining Corporation (NYSE:B and ABX.TO) has made several executive appointments and 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.National Bank said it derives its C$72.50 target price from a 100% weighted 6.50x EV/2026E EBITDA target multiple, implying a P/NAV multiple of 1.07 times. The bank noted Barrick is currently trading at 4.8x EV/2026E EBITDA and 0.78x NAV compared to senior gold peers at 6.6x and 1.01x, respectively.Barrick in its statement Tuesday said an executive leadership team dedicated exclusively to North American Barrick has been appointed. "They have been working successfully together for many months. The team consists of experienced and proven Barrick veterans with deep expertise in operations, exploration, and development," it added.The team reports to Mark Hill, Barrick President and CEO, and is comprised of: Tim Cribb, Chief Operating Officer; Wessel Hamman, Chief Financial Officer; Joe Heckendorn, Chief Legal Officer & Corporate Secretary; Megan Tibbals, Chief Technical Officer; Richard Barley, Chief HR Officer; Javier Ortuzar, Vice President, Exploration; and Amanda Steensen, Vice President, Sustainability.Barrick said North American Barrick will include a portfolio of four tier one gold assets located in premier mining jurisdictions in North America: Carlin, Cortez, and Turquoise Ridge in the Nevada Gold Mines complex and the Pueblo Viejo mine in the Dominican Republic. North American Barrick's assets produced approximately 2.0Moz of gold in 2025 attributable to Barrick's interests.North American Barrick will also include Barrick's wholly-owned Fourmile gold project, located adjacent to NGM. It said: "Barrick believes Fourmile is one of the most significant gold discoveries of this century and will be a significant high-grade and low-cost growth opportunity in North American Barrick's portfolio. It is anticipated that Fourmile will eventually be contributed to the NGM joint venture, in accordance with the NGM Joint Venture Agreement."Barrick said it has identified what it believes to be the optimal structure for the IPO of its North American assets. North American Barrick is expected to have its primary listing in New York, with a secondary listing in Toronto, subject to customary SEC registration and Canadian prospectus qualification processes. Barrick added it is on track to complete the IPO by the end of 2026, subject to market and other conditions and necessary approvals.The company anticipated that the IPO will abide by all applicable commitments in Barrick's Joint Venture Agreements. "Barrick's leaders have been meeting with their counterparts at Newmont to discuss improving performance at NGM, the proposed IPO, and the timeline of the vend-in on Fourmile. While Barrick is free to pursue the IPO unilaterally, it is working in close collaboration with its Joint Venture partner to ensure value is created and maximized for all."Shares in Barrick were down 1.2% in Canada yesterday. It lost 1% in US trading yesterday and was at last look down 2% in US premarket.

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Mining & Metals148d ago

Update: Barrick Advancing IPO of North American Gold Assets, Announcing Executive Appointments

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