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GoldHaven Resources Launches C$5 Million Offering to Advance Magno, Copecal Projects

GoldHaven Resources (GOH.CN) is raising C$5 million in an offering priced at $0.25 per unit to advance its Magno project in British Columbia and Copecal project in Brazil, the company said Thursday.The company will also use the funds for general corporate purposes.Under the offering, each unit will consist of one share and one-half of a warrant. Each warrant can be exercised at $0.35 per share for 24 months.The offering is expected to fully fund GoldHaven's 10,000-meter drill program at Magno in 2026. It is also advancing drill targets at Copecal."We believe this dual-track approach provides shareholders with near-term discovery potential and longer-term growth across two highly prospective districts," Chief Executive Officer Rob Birmingham said.Price: $0.29, Change: $+0.03, Percent Change: +9.62%

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Mining & Metals10d ago

Amaroq Doubles Revolving Credit Facility to US$70 Million

Amaroq (AMRQ.V, AMRQ.L) entered into an amended and restated Revolving Credit Facility (RCF) with Landsbankinn and Gunvor Group, providing an increased capacity of US$70 million and replacing its existing US$35 million facility, while reducing the overall cost of funding, it said Thursday.Gunvor will offtake gold produced at the Nalunaq mine. The RCF, scheduled to mature on May 1, 2028, remains secured by a combination of property and operational equipment mortgages, share pledges over subsidiaries, bank account pledges, and a license transfer agreement."In addition to the increased capacity, we have reduced our cost of funding, enhanced liquidity flexibility and extended the maturity to May 2028," said Amaroq Chief Financial Officer Ellert Arnarson. "This materially strengthens our working capital, as we enter this year's exploration season and the final construction and commissioning of Phase 2 of the Nalunaq processing plant, while cash flows from gold production continue to build over the course of the year."Price: $1.70, Change: $-0.14, Percent Change: -7.61%

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Mining & Metals10d ago

Xtract One Technologies Selected to Support School Safety Across Granville County Public Schools

Xtract One Technologies' (XTRA.TO) Xtract One Gateway system has been selected by Granville County Public Schools in Oxford, North Carolina "to strengthen security while minimizing ingress delays and reducing the need for manual bag checks," said the company on Thursday.The initial deployment will take place at two of the district's high schools, it added.

$XTRA.TO

Mining & Metals10d ago

TSX Up 270-plus Pts Early Thursday After Losing About 630 Pts Over Five Straight Days of Losses

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Mining & Metals10d ago

NGEx Minerals Provides Phase 4 Drilling Results at Lunahuasi Project in Argentina

NGEx Minerals (NGEX.TO) reported Thursday the results of three drill holes from its phase-four drill program at the Lunahuasi copper-gold-silver project in Argentina.Among highlights, NGEX said it drilled 34 metres at 7.25% CuEq (copper equivalent) plus 48 metres at 7.72% CuEq, 180 metres apart in Mars, while it discovered a new zone 300 metres east Of Mars with 23 metres at 4.72% CuEq."We remain very bullish on the continued exploration upside at Lunahuasi," President and Chief Executive Officer Wojtek Wodzicki said. "With achievement of all our objectives and the onset of winter weather at site, we have now concluded the Phase 4 program and all equipment and personnel are being demobilized. Assays are pending for the last sixteen holes, and we look forward to updating the market with these results as they come in over the coming weeks."With completion of the Phase 4 program, it will begin planning for the Phase 5 program which is planned to start in the third quarter, the company said. In addition to the Phase 5 drilling program, it will be initiating construction of an exploration adit which will provide access for drilling the deposit from underground drill stations enabling the company to "maximize the efficiency of our drill programs and to map the mineralized zones in underground exposures, helping to improve our geological knowledge."Shares in NGEX fell more than 4% in Canada yesterday.

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Mining & Metals10d ago

Earnings Flash (AEP.V) Atlas Engineered Products Reports Q4 Revenue C$17.6M, Up 17%; Net Loss After Taxes $686,098

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Mining & Metals10d ago

Northland Power Seals 30-Year Power Purchase Deal With Taiwan Semiconductor

Northland Power (NPI.TO) has concluded a 30-year corporate power purchase agreement (CPPA) with Taiwan Semiconductor Manufacturing Company (TSMC) for additional power from its Hai Long offshore wind project in Taiwan, the company said on Thursday.The Hai Long project is situated off the Changhua coast in the Taiwan Strait and consists of three offshore wind sites, the 294-megawatt (MW) Hai Long 2A, the 224 MW Hai Long 2B, and the 504 MW Hai Long 3. The new agreement builds on an existing partnership with TSMC which already covers Hai Long 2B and Hai Long 3. Later this year, Hai Long 2A will switch to the new CPPA, and TSMC will offtake 100% of the project's generating capacity, a statement said.The Hai Long Project is being constructed by Northland (30.6%) jointly with Mitsui & Co. (40%) and Gentari International Renewables (29.4%)."This agreement with TSMC reinforces the strategic importance of Hai Long. Once the switch is complete it will enhance the project's long-term economic fundamentals and contribute directly to value creation for Northland and its shareholders," said chief executive Christine Healy.Northland Power shares closed down $0.45, to $23.29, on Wednesday, on the Toronto Stock Exchange.

$NPI.TO

Mining & Metals10d ago

Bragg Gaming Group "Powers" Super Technologies' Entry into Greece

Bragg Gaming Group (BRAG.TO, BRAG) is supporting Super Technologies' launch in the regulated Greek market through its flagship brand, Superbet, said the company on Thursday.Through this partnership, Bragg is delivering its RGS games alongside its HUB aggregation platform, providing access to a diverse portfolio of premium 3rd party content, said the company. This includes titles from "leading" studio partners such as Playson, Wazdan, IGT, Synot, and Spribe, added the company.The launch represents Superbet's official entry into Greece, "one of Europe's most mature and well-regulated iGaming markets, and further strengthens Bragg's position as a key technology and content partner for tier-one operators expanding into new jurisdictions," said the company."We are delighted to support Superbet's entry into Greece with our full suite of RGS and aggregation capabilities," said Neill Whyte, Chief Commercial Officer at Bragg Gaming Group. "As the preferred partner to Super Technologies, this launch reflects a partnership built to win. It highlights the strength of our technology and content ecosystem and our ability to scale in regulated markets. Greece is an exciting opportunity, and we look forward to supporting Superbet's long-term growth in the region while continuing to power this commercial brand across multiple territories."

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Mining & Metals10d ago

Arizona Metals Provides Results of PEA for Kay Mine Project

Arizona Metals (AMC.TO) provided results of a Preliminary Economic Assessment (PEA), supporting the initial mineral resource estimate for its Kay Mine Project, on Thursday."The results of the PEA establish the Kay Mine Project as a credible development opportunity, underpinned by a well-defined Indicated mineral resource and a fully costed mining scenario, which outlines our base case," said Arizona Metals Chief Executive Duncan Middlemiss.The company is also continuing its investigation of alternative processing technologies, which, together with supportive commodity price environments, "could enhance project returns," Middlemiss added.The PEA also showed 127 million pounds (Mlbs) copper, 293 Mlbs zinc, 258 koz gold, and 4,712 koz silver of payable production over the 10 years of conceptual mine life.Shares of the company closed down 3.6% to $0.54 on Wednesday on the Toronto Stock Exchange.

$AMC.TO

Mining & Metals10d ago

Parex Resources' Q1 Earnings Drop YoY

Parex Resources' (PXT.TO) first-quarter earnings dropped year over year in the first quarter, according to preliminary results released Thursday.Parex cited an unrealized loss on commodity risk management contracts, an increase in deferred tax expense, a higher cash settled share-based compensation expense, and recognition of one one-time costs.The company booked a net income of US$5 million, or $0.05 per share, in the first quarter, slumping from $81 million, or $0.82 per share, in the year-ago period.Average production rose year over year to 44,735 barrels of oil equivalent per day (boe/d) from 43,658 boe/d.Adjusted EBITDA totaled $133 million in the first quarter, compared to $135 million in the previous year.Parex expects to release its financial and operating results for the first quarter before markets open on May 12.

$PXT.TO

Mining & Metals10d ago

Bombardier's Q1 Adjusted Earnings Jumps 178%, Beats Forecasts

Bombardier's (BBD-B.TO) first-quarter adjusted earnings jumped 178%, beating forecasts, the company said on Thursday.Adjusted net income, which excludes most one-time items, surged to US$189 million or US$1.81 per share, from US$68 million, or US$0.61 per share, in the prior year period. The result beat the consensus analyst estimate of US$0.77 per share, according to FactSet.Revenues advanced 5% to US$1.6 billion, but was just below the US$1.64 billion expected by analysts. The revenue increase included a 25% jump in the Services segment, to US$617 million, a statement said.Bombardier's backlog reached US$20.3 billion as at March 31, a $2.8 billion increase when compared with year-end 2025.The company revised its free cash flow guidance for 2026 upwards, which is now expected to be greater than US$1.0 billion for the full year. Guidance for all other key financial metrics remains unchanged from the original guidance issued on Feb. 12.The company separately said it is redeeming all of its outstanding 7.35% debentures due 2026, totalling C$150 million. The redemption date is set for June 26.

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Mining & Metals10d ago

OR Royalties Sells Stake in Osisko Metals for US$34.8 Million

OR Royalties (OR.TO) has sold its entire remaining non-core equity position in Osisko Metals (OM.TO), generating US$34.8 million in proceeds, Osisko Gold Royalties said Thursday.Osisko Gold Royalties also provided an update on its portfolio. The expanded and accelerated mine plan at Alamos Gold's (AGI.TO) Island Gold District in Canada is expected to transition a greater proportion of production from OR Royalties' current 1.38% net smelter return royalty (NSR) coverage to OR Royalties' 2.0% and 3.0% NSR royalty boundaries.Benz Mining (BZ.V) is conducting a 250,000 meter drill program at the Glenburgh gold project in Western Australia. OR Royalties holds a 1.08% gross revenue royalty on Glenburgh.Talisker Reosurces (TSK.TO) closed a C$52.1 million bought-deal financing in March as it expanded a 2026 diamond drill program at the Bralorne mine in British Columbia to 105,000 meters from 30,000 m. OR Royalties holds a 1.7% NSR royalty on Bralorne.PMET Resources (PMET.TO) has submitted an environmental and social impact assessment for the Shaakichiuwaanaan project in Quebec. OR Royalties's interests in the project includes a sliding-scale 1.5-3.5% NSR royalty on precious metals and 2.0% on lithium and other products.OceanaGold (OGC.TO) reported high-grade drill results from the Wharekirauponga project in New Zealand, including 14.9 meters at 16.3 grams per tonne gold. OR Royalties owns a 2.0% NSR royalty on the project.

$AGI.TO$BZ.V$OGC.TO$OM.TO$OR.TO$PMET.TO$TSK.TO

Mining & Metals10d ago

Correction: Spin Master Reports Narrower Than Expected Adjusted Net Loss in Q1; But Reiterates FY26 Outlook

(Correcting headline and first paragraph to show it reported a narrower than expected adjusted net loss in the first quarter, despite lowered revenues)Spin Master (TOY.TO) reported a narrower than expected adjusted net loss in the first quarter, despite lowered revenues, while it reiterated its 2026 full year outlook.For the first quarter, adjusted net loss was US$24.1 million or adjusted basic and diluted loss of US$0.24 per share compared to adjusted net loss of US$12 million or adjusted basic and diluted loss of US$0.12 per share in the corresponding year-ago quarter. The consensus estimates compiled by FactSet was US$0.30 loss per share.First quarter revenue was US$328.5 million, compared to US$359.3 million in the year-ago quarter.Subsequent to March 31, 2026, the company declared a dividend of C$0.12 per outstanding subordinate voting share and multiple voting share, unchanged from the prior quarter. It is payable on July 10, 2026 to shareholders of record at the close of business on June 26, 2026, it added.The company also reiterated its 2026 full year outlook. It continues to expect 2026 full year revenue to have "stable to low single digit percentage growth" compared to 2025, and adjusted EBITDA to have "mid to high single digit percentage growth" compared to 2025."We delivered a solid start to the year, a direct result of our disciplined execution against our core strategic priorities," said Christina Miller, Chief Executive Officer. "Our focus on product innovation, the expansion of evergreen properties like Monster Jam, and the stabilization of Melissa & Doug is yielding positive results. We are strategically managing our portfolio by investing in our creative capabilities, reimagining how fans engage with our brands in both the physical and digital worlds, and expanding our audiences -- laying the groundwork for future growth.""We delivered a significant increase in cash generation through disciplined cost and working capital management, which offset an anticipated decline in revenues due to the pull forward of import orders in the U.S. last year ahead of tariffs," said CFo Jonathan Roiter. "In the current environment, we balanced our capital allocation to growth investments, dividends and share buybacks, as well as significant debt reduction."Shares in TOY were down near 2.2% in Canada yesterday.

$TOY.TO

Mining & Metals10d ago

Spin Master Reports Wider Than Expected Adjusted Net Loss in Q1; But Reiterates FY26 Outlook

Spin Master (TOY.TO) reported a wider than expected adjusted net loss on lower revenue in the first quarter, while it reiterated its 2026 full year outlook.For the first quarter, adjusted net loss was US$24.1 million or adjusted basic and diluted loss of US$0.24 per share compared to adjusted net loss of US$12 million or adjusted basic and diluted loss of US$0.12 per share in the corresponding year-ago quarter. The consensus estimates compiled by FactSet was US$0.30 loss per share.First quarter revenue was US$328.5 million, compared to US$359.3 million in the year-ago quarter.Subsequent to March 31, 2026, the company declared a dividend of C$0.12 per outstanding subordinate voting share and multiple voting share, unchanged from the prior quarter. It is payable on July 10, 2026 to shareholders of record at the close of business on June 26, 2026, it added.The company also reiterated its 2026 full year outlook. It continues to expect 2026 full year revenue to have "stable to low single digit percentage growth" compared to 2025, and adjusted EBITDA to have "mid to high single digit percentage growth" compared to 2025."We delivered a solid start to the year, a direct result of our disciplined execution against our core strategic priorities," said Christina Miller, Chief Executive Officer. "Our focus on product innovation, the expansion of evergreen properties like Monster Jam, and the stabilization of Melissa & Doug is yielding positive results. We are strategically managing our portfolio by investing in our creative capabilities, reimagining how fans engage with our brands in both the physical and digital worlds, and expanding our audiences -- laying the groundwork for future growth.""We delivered a significant increase in cash generation through disciplined cost and working capital management, which offset an anticipated decline in revenues due to the pull forward of import orders in the U.S. last year ahead of tariffs," said CFo Jonathan Roiter. "In the current environment, we balanced our capital allocation to growth investments, dividends and share buybacks, as well as significant debt reduction."Shares in TOY were down near 2.2% in Canada yesterday.

$TOY.TO

Mining & Metals10d ago

Foraco International SA Q1 Net Profit Falls

Foraco International SA (FAR.TO) reported a decrease in net profit in the first quarter even as revenue rose and beat analysts' expectations.For the three months ended March 31, 2026, the company reported net profit of US$0.9 million or US$0.65 earnings per diluted share compared with $1.02 million or $1.54 EPS, a year earlier.Revenue increased to US$66.3 million compared with $55.0 million, a year-ago, beating a consensus estimate compiled by FactSet of US$64.6 million. It noted growth across "nearly all regions, particularly in Canada, the United States and South America.""As expected, the combination of the ramp-up phase of new contracts and the restart of existing projects temporarily impacted margins, particularly in South America," said Foraco Chief Executive Tim Bremner. "Macroeconomic tailwinds remain strong with near record commodity prices for gold and copper, free cash generation for producers and capital formation for developers and explorers."The rig utilization rate in Q1 was 40% compared with 30% in the prior-year period, the company said."We believe that all key industry indicators such as record backlog, improving utilization rates, and additional rigs scheduled for mobilization in the coming months, are present to reach improved operating performance," Bremner added.Shares of the company closed down 0.7% to C$2.99 on Wednesday on the Toronto Stock Exchange.

$FAR.TO

Mining & Metals10d ago

Gildan Activewear Up 1.4% in US Premarket On Q1 Beat; Maintains FY26 Guidance, 3-Yr Objectives

Gildan Activewear's (GIL.TO) was higher in U.S. premarket trade Thursday as first-quarter adjusted earnings declined even as net sales jumped, but both beat estimates, while the company maintained its full year 2026 guidance and its three-year objectives for the 2026-2028 period.Adjusted net earnings, stripped of most one-time items, declined 10.9% to US$80.1 million, or US$0.43 per share, from US$89.8 million, or US$0.59 per share, in the prior year period. The result beat the consensus analyst estimate of US$0.35 per share, according to FactSet.First quarter net sales from continuing operations jumped 63.8% to US$1.17 billion over the same period, beating the US$1.15 billion expected.The HanesBrands integration is progressing and is on track to generate US$100 million in synergies for 2026, the company said. It expects to realize US$250 million of annual run-rate cost synergies over the next three years.Gildan maintained its fiscal 2026 revenue expectations of US$6.0 billion to US$6.2 billion and adjusted diluted earnings per share of between US$4.20 to US$4.40. The company also maintained its three-year objectives for the 2026-2028 periodIt will pay a cash dividend of $0.249 per share on June 15, to shareholders of record on May 20."We are pleased with our first quarter performance, reflecting disciplined execution across the organization and continued progress against our strategic priorities. We advanced our integration initiatives as planned, with early actions reinforcing our operating model and strengthening our ability to drive efficiency and synergy capture. While the external environment remains uncertain, we are focused on what we can control -- driving operational excellence, advancing our integration of HanesBrands, maintaining cost discipline and consistent execution -- all supported by our low-cost vertically integrated platform and strong balance sheet, which position us well to deliver on our strategic and financial objectives," said Glenn Chamandy, chief executive.Gildan shares were last seen up US$0.73, to US$57.00 in U.S. pre-market trading.

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Mining & Metals10d ago

Earnings Flash (AEG.TO) Aegis Brands Posts Q1 Net Income $0.01 Per Share; System Sales Increased 5.0% to $31.6M

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Mining & Metals10d ago

FireFly Metals Provides "Outstanding" Drill Results from Green Bay Project

FireFly Metals (FFM.TO) outlined "outstanding" drill results from the Green Bay copper-gold project in Newfoundland and Labrador, as part of the company's quarterly activities report released late Wednesday.Highlights include 70.8 meters at 4.0% copper equivalent and 53.3 meters at 4.1% copper equivalent.The results are expected to drive an upcoming resource update in June. A preliminary economic assessment/scoping study is on track for completion in mid-2026, FireFly said.The current resource estimate for the projects outlines 50.4 million tonnes grading 2.0% copper equivalent in the measured and indicated categories, plus 29.3 million tonnes at 2.5% copper equivalent in the inferred category.FireFly has completed about 174,000 meters of underground diamond core drilling at the Ming Mine, the project's flagship deposit, since acquiring the property in October 2023.

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Mining & Metals10d ago

Outcrop Silver & Gold Confirming Continuity of High Grade Silver Mineralized Shoots at Guadual

$OCG.TO

Mining & Metals10d ago

Canadian Dollar Could Get Support in Next Months Just by The Possibility of Bank of Canada Rate Hike, Says Commerzbank

The Bank of Canada also left interest rates unchanged on Wednesday, as expected, said Commerzbank.At the same time, the BoC governor emphasised that a policy rate close to the current level is likely to be appropriate for the foreseeable future, writes the bank in a note to clients.As with its counterparts at other G10 central banks, the BoC naturally highlighted the risks associated with the oil price shock, although Canada, being a net energy exporter, is in a different position to the European Central Bank or the Bank of England, pointed out Commerzbank.The Canadian dollar (CAD or loonie) barely reacted to the decision, stated the bank. This is quite understandable, as neither the statement nor the new forecasts offered anything new.Markets continue to anticipate more than two rate hikes by the end of the year. But given the cautious statements and the fact that the BoC expects only a moderate rise in inflation, Commerzbank continues to anticipate only one rate hike.The mere prospect of it being easier for the BoC to raise rates is nevertheless likely to provide some support for the CAD in the coming months, according to the bank.

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Mining & Metals10d ago

Correction: Spin Master Reports Narrower Than Expected Adjusted Net Loss in Q1; But Reiterates FY26 Outlook

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