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BRP Downgraded to Neutral at Seaport Research as New U.S. Tariffs Take Effect

Seaport Research downgraded its rating on the shares of BRP (DOO.TO) to neutral from buy after the company suspended its 2027 guidance following the April 6 implementation of new tariffs on steel, aluminum and copper imports into the United States.The revision leads to a 25% tariff on the total value of imported snowmobiles and the majority of off-road vehicles, replacing the previous 50% tariff on applicable metal content only. BRP estimates the potential incremental tariff cost is over $500 million for the year before any mitigation measures.Seaport cut its FY26 earnings per share (EPS) estimate to $1.50 from $6.50 and 2027 EPS estimate to $2.25 from $8.20.Price: $68.80, Change: $-39.25, Percent Change: -36.32%

$DOO.TO

Mining & Metals159d ago

Allied Properties Real Estate Investment Trust Announces April 2026 Distribution

Allied Properties Real Estate Investment Trust (AP-UN.TO) on Wednesday said its trustees declared a distribution of $0.06 per unit for the month of April, unchanged from the prior month. The distribution will be paid on May 15 to unitholders of record on April 30.Price: $10.65, Change: $+0.11, Percent Change: +1.04%

$AP-UN.TO

Mining & Metals159d ago

Ramp Metals Intersects Mineralization in All Drillholes at the Rush Anomaly

Ramp Metals (RAMP.V) on Wednesday said it completed a total of nine holes totaling 2,199 meters to date in the Rush anomaly at its Rottenstone SW copper-gold project in Saskatchewan as part of its ongoing 2026 winter drill program.The company said all drilling to date has taken place on the 1,100-meter long main Rush anomaly, and every drill hole has intersected significant VMS-style mineralization. Broad zones of mineralization were encountered in multiple holes.Preliminary results, it added, indicate continuity between the two zones identified in 2025 and have led to the identification of a new, deeper zone situated west of the previously known mineralization. The company said core cutting and processing are progressing smoothly, and shipments are dispatched promptly after the completion of each drill hole.The company also said its hares recently began trading on OTC Markets in the United States under the symbol RMPMF. Ramp Metals is in the process of applying for DTC eligibility.Shares of the company were last seen up $0.005 to $0.34 on the TSX Venture Exchange.Price: $0.34, Change: $+0.01, Percent Change: +1.49%

$RAMP.V

Mining & Metals159d ago

BMO Downgrades Chemtrade to Market Perform

BMO Capital Markets on Wednesday lowered its rating on the units of Chemtrade Logistics Income Fund (CHE-UN.TO) to market perform, while maintaining its C$18.50 price target.BMO said the downgrade reflects the rejection of Chemtrade's planned rezoning for its North Vancouver chlor-alkali plant.According to BMO, more predictable earnings, index inclusion, rezoning approval, and valuation catch-up to U.S. commodity-chemical peers were key catalysts for continued outperformance by Chemtrade.But with uncertainty linked to the North Vancouver facility beyond 2030, BMO said it now awaits more clarity.Price: $14.70, Change: $+0.20, Percent Change: +1.38%

$CHE-UN.TO

Mining & Metals159d ago

Queen's Road Capital Raising $23 Million in a Private Placement of Shares

Queen's Road Capital Investment (QRC.TO) on Wednesday said it will raise up to $23 million from a non-brokered private placement of shares.The company said it will look to place 1.48-million shares priced at $15.50 each..Proceeds will be used to fund additional investments "in accordance with the company's investment policy"."This private placement gives us the opportunity to welcome new long-term, supportive institutional shareholders to our register as we embark on the next growth phase of QRC," said chief executive Warren Gilman. "The added diversification of our shareholder base should result in an increase in the liquidity of the shares which will benefit all shareholders."The company's shares last traded Tuesday, closing at $16.25 on the Toronto Stock Exchange.

$QRC.TO

Mining & Metals159d ago

RBC Says Q1 Seasonally Weak for Gold Equities

RBC Capital Markets said Wednesday that the first quarter represents a seasonally weak period for operating results of gold equities.According to RBC, the market is expected to focus on forward-looking statements on the impact of higher gold and energy prices to costs, as well as emerging inflationary pressures."Although we expect no formal cost guidance revisions across our coverage, commentary on potential changes into mid-year updates could present surprise risk," RBC said.RBC said Alamos (AGI.TO), Barrick Mining (ABX.TO), Eldorado Gold (ELD.TO), G Mining (GMIN.TO), SSR Mining (SSR.TO) and Wheaton Precious Metals (WPM.TO) have outlined materially softer first quarter.RBC said companies with key upcoming deliverables into the first quarter include B2Gold (BTO.TO), Barrick, Alamos, Agnico Eagle (AEM.TO), Centerra (CG.TO), Franco Nevada (FNV.TO), Iamgold (IMG.TO), K92 (KNT.TO), Kinross (K.TO), Lundin Gold (LUG.TO), Orla Mining (OLA.TO), OR Royalties (OR.TO) and Wesdome (WDO.TO).According to RBC, gold equity valuations at spot have expanded in recent weeks, but are still reasonably attractively valued.Price: $66.72, Change: $-0.42, Percent Change: -0.63%

$ABX.TO$AGI.TO$BTO.TO$CG.TO$ELD.TO$FNV.TO$GMIN.TO$IMG.TO$K.TO$KNT.TO$LUG.TO$OLA.TO$SSR.TO$WDO.TO

Mining & Metals159d ago

Showcase Minerals Appoints Dylan Hunko as CEO

Showcase Minerals (SHOW.CN) on Wednesday appointed Dylan Hunko as its Chief Executive, succeeding Rene Bernard, who will continue to serve as a key member of the company's board.It said Hunko most recently served as the Chief Operating Officer at Enduro Metals Corp. (ENDR.V).The company also announced the immediate resignation of Bruno Fruscalzo and the appointment of Malcolm Davidson, CPA, CA, as its Chief Financial Officer and Corporate Secretary.Shares of the company were last seen unchanged at $0.125 on the Canadian Securities Exchange.

$ENDR.V$SHOW.CN

Mining & Metals159d ago

Atlas Engineered Products Receives Federal Grant of up to $4 Million For Robotic Facility

Atlas Engineered Products (AEP.V) said Wednesday that it will receive up to $4 million in federal funding through the Department of Natural Resources.The funding will support building construction and procurement for the robotics truss manufacturing facility being built in Clinton, Ontario.The project, which is nearing completion, is expected to increase manufacturing capacity and efficiency and minimize lumber waste in the manufacturing of roof trusses for the wood building construction sector. Once complete, the facility will be the first of its kind in Canada, adopting technology that has proved successful in Europe, Australia, and the United States, a statement said.Atlas Engineered Product shares were last seen up $0.02, to $0.67, on the TSX Venture Exchange.

$AEP.V

Mining & Metals159d ago

Extendicare Announces April 2026 Dividend

Extendicare (EXE.TO) on Wednesday said it declared a cash dividend of C$0.0441 per common share of the company for the month of April 2026, unchanged from the prior month.The company said it is payable on May 15, 2026, to shareholders of record at the close of business on April 30, 2026.Price: $29.36, Change: $-0.20, Percent Change: -0.68%

$EXE.TO

Mining & Metals159d ago

EnWave Signs Commercial License Agreement With The Dry Hub to Establish REV Drying Operations in Egypt

EnWave (ENW.V) on Wednesday said it signed an exclusive, royalty-bearing commercial license agreement with The Dry Hub, an Egyptian food processing company.The company said DryHub, under the terms of the license, will buy a 10kW REV machine to initiate commercial production at its facility in Egypt. DryHub will hold an exclusive right to use EnWave's patented REV technology to dry select fruits, vegetables, and herb products in the country of Egypt.It also said that DryHub will pay a royalty commensurate with certain other existing licenses granted by EnWave. Pursuant to the license, DryHub must buy additional REV equipment within 18 months of the commissioning date of the 10kW REV machine and remit minimum royalty requirements to keep their exclusive rights.Shares of the company were last seen unchanged at $0.265 on the TSX Venture Exchange.

$ENW.V

Mining & Metals159d ago

Chartwell Retirement Residences Announces April 2026 Distribution, Provides Portfolio Update

Chartwell Retirement Residences (CSH-UN.TO) announced Wednesday a cash distribution of $0.052 per trust unit, payable May 15 to unitholders of record on April 30.Chartwell also provided an update on its portfolio. Effective March, three properties comprising 596 suites at an average occupancy of 98.1% were removed from the company's same property portfolio.The company said a British Columbia residence was transferred to the repositioning portfolio following a fire, while an Ontario residence classified as assets held for sale was transferred to the repositioning portfolio.A Quebec residence, in which Chartwell acquired incremental ownership, was also transferred to the growth portfolio, Chartwell said.Price: $20.95, Change: $+0.09, Percent Change: +0.43%

$CSH-UN.TO

Mining & Metals160d ago

Terra Rossa Gold Shares Begin Trading on OTCQB

Terra Rossa Gold (TRR.V) said Wednesday its common shares began trading today on the OTCQB marketplace under the symbol TRGXF.The company expects that the OTCQB listing will provide greater visibility and convenience of trading for U.S. investors, resulting in enhanced liquidity and greater reach, a statement said."The listing on OTCQB will help introduce Terra Rossa to a larger audience in a robust gold market and improve liquidity in the stock" said board chair Patrick Downey.Terra Rossa will continue to trade on the TSX Venture Exchange.Terra Rossa shares were last seen unchanged at $0.36, on the TSX Venture Exchange.

$TRR.V

Mining & Metals160d ago

Sienna Senior Living Announces April Dividend

Sienna Senior Living (SIA.TO) on Wednesday announced a dividend of $0.078 per common share of the company for the month of April 2026, unchanged from the prior month.The dividend will be payable on May 15, 2026 to shareholders of record as at April 30, 2026.Price: $22.65, Change: $-0.05, Percent Change: -0.22%

$SIA.TO

Mining & Metals160d ago

TSX Down About 60 Pts Early Wednesday After Nine Full Winning Sessions In Last 10

S&P/TSX CompositeS&P/TSX Composite

Mining & Metals160d ago

Adcore Launches First Autonomous AI Agent on its Proposaly App; Reveals Roadmap to Deliver Fully Agentic Lead-to-Revenue Platform by End of Q2 2026

Adcore (ADCO.TO), a global player in sales and marketing technology with its AI-powered platforms, on Wednesday announced the launch of Proposaly's first autonomous AI agent, the 'Inbound Agent', and revealed an "aggressive roadmap" to deliver all three purpose-built agents by the end of the second quarter of 2026.A statement noted that Proposaly is an Adcore application that unifies presentations, proposals, agreements, and payments.Acore said two other agents, Outreach and Deal, will follow by the end of Q2.CEO Omri Brill said: "Today, our Inbound Agent captures a lead and sends a proposal without anyone lifting a finger -- that is already an autonomous sales cycle, live, in production. Outreach and Deal will follow by the end of Q2. When all three are operational, Proposaly will handle the workload that currently requires an entire team of people and half a dozen disconnected tools."Shares in ADCO were unchanged yesterday at $0.225.

$ADCO.TO

Mining & Metals160d ago

Groupe Dynamite Renews Its Normal Course Issuer Bid

Groupe Dynamite (GRGD.TO), a player in the fashion industry, on Wednesday announced the receipt of regulatory approval from the Toronto Stock Exchange of its notice of intention to renew its normal course issuer bid.Under the NCIB, the company may buy back for cancellation, during the period starting on Apr. 17, 2026, and ending on the earlier of Apr. 16, 2027, and the date on which the company reaches the maximum purchases permitted under the NCIB, up to an aggregate of near 1.6-million subordinate voting shares, representing about 10% of its public float as at Apr. 3, 2026.Groupe Dynamite will also enter into an automatic securities purchase plan with a designated broker on or about Apr. 17, whereby subordinate voting shares may be repurchased at times when such purchases would otherwise be prohibited pursuant to regulatory restrictions or self-imposed blackout periods.As of Apr. 3, the company had 20.8-million subordinate voting shares issued and outstanding, and a public float of 15.7-million subordinate voting shares.Shares of the company closed down 2% to $89.13 on Tuesday on the TSX.

$GRGD.TO

Mining & Metals160d ago

Grande Portage Says PEA Positions New Amalga Gold Project "Well For the Future"; Rose Near 6% on Tuesday

Grande Portage Resources (GPG.V), which saw its shares gain near 6% yesterday, provided Wednesday the results of a preliminary economic assessment (PEA) on the New Amalga gold project in Alaska.Among economic and production highlights, GPG in a statement said the base case using a US$3,200/oz gold price generates a pre-tax Internal Rate of Return of 69% (after-tax 56%) and a pre-tax net present value at a 5% discount rate of US$979 million (after-tax US$721 million).The PEA production plan incorporates an underground mine with a base case production life of seven years with total production of 1.05 million gold ounces shipped. Gold production averages approximately 150,000 ounces shipped per year. Pre-production capital cost was pegged at $254.8 million, including US$46.4M contingency."The strong results of the PEA confirm our contention that the project's offsite processing strategy is the optimal development pathway, with high margins, rapid payback, and straightforward engineering combined with a very small environmental footprint," President and Chief Executive Officer Ian Klassen said."This PEA positions the project well for the future, where detailed design, capital optimization, baseline environmental studies and permitting can advance with confidence," Klassen added.Shares in GPG were up $0.025 or 5.8% to $0.4550 yesterday.

$GPG.V

Mining & Metals160d ago

Tilray Files ATM Program to Accelerate Global Beverage Expansion As It Outlines Strategic Initiatives For Growth

Tilray Brands (TLRY.TO) Wednesday highlighted a series of strategic initiatives, expected to mark its next phase of growth, and they included advancing its UK healthcare platform with the Lyphe acquisition, positioning BrewDog in the beverages market, and preparing for a U.S. rescheduling and medical cannabis opportunityTilray said it had acquired the Lyphe Group, a UK-based medical cannabis clinic and digital pharmacy platform, with Lyphe Dispensary having dispensed approximately 150,000 units to date and Lyphe Clinic having treated over 16,000 patients to date. A deal "anchoring and expanding" Tilray Medical's footprint in "one of Europe's largest and most dynamic healthcare markets", it said.Six weeks following Tilray's acquisition of BrewDog, the company said it has "stabilized brewing volumes, maintained service levels across channels to ensure consistent stock availability, and has begun onboarding new distribution and strategic partners to support expansion". It is also evaluating its participation in the Center for Medicare and Medicaid Innovation pilot program.To support this next phase of growth, Tilray also announced the filing of an at-the-market equity program of up to US$180 million, "to enhance financial flexibility and to invest behind its global beverage platform."Tilray Brands chief financial officer Carl Merton said: "We remain focused on disciplined capital allocation, prioritizing investments that support our long-term growth strategy while maintaining a strong balance sheet. This structure allows us to align capital deployment with evolving market conditions and our operational priorities."Tilray shares were last seen down US$0.05, to US$6.86, in U.S. pre-market trading.

$HMMJ.TO$TLRY.TO

Mining & Metals160d ago

Onex Renews Normal Course Issuer Bid

Onex (ONEX.TO) on Wednesday said the Toronto Stock Exchange accepted its notice of intention to make a Normal Course Issuer Bid (NCIB) permitting the company to buy back for cancellation up to 10% of the public float in its subordinate voting shares, or 6.4-million shares.The company said there are 76.2-million subordinate voting shares issued and outstanding and the public float as at Apr. 10, was 63.9-million shares. Onex may buy back shares from time to time during the next twelve months.The NCIB will start on Apr. 18, 2026, and will conclude on the earlier of the date on which purchases under the bid have been completed and Apr. 17, 2027.Shares of the company closed up 1.2% to $109.21 on Tuesday on the Toronto Stock Exchange.

$ONEX.TO

Mining & Metals160d ago

Trident Intersects High-Grade Gold from Contact Lake Project, Expands Winter Drill Program

Trident Resources (ROCK.V) said Wednesday that it intersected high-grade gold from the first nine diamond drill holes in its winter drill program at the Contact Lake gold project in Saskatchewan.As a result, the company expanded its winter drill program at the Contact Lake gold project in Saskatchewan to 13,000 meters from 10,000 m.Drill highlights include 4.61 grams per tonne (g/t) gold over 38.48 meters, including 5.48 g/t over 26.14 m, and 11.97 g/t gold over 10.70 m."We are extremely encouraged by these results, which continue to demonstrate the strength and continuity of the mineralized system at Contact Lake," Chief Executive Officer Jonathan Weisblatt said."Encountering additional high-grade mineralization both along strike and at depth reinforces our view that we are not dealing with isolated occurrences, but with a growing, cohesive gold system," Weisblatt added.

$ROCK.V

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