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Canada Commodities: Oil and Gold Prices Weaken as US Moves to Economic Sanctions Against Iran

Oil and gold prices fell Tuesday morning as the threat of war faded after the US moved to economic sanctions against Iran.The US also threatened sanctions against nations that continue to trade with Iran, including China, which has rejected the US threat.West Texas Intermediate October crude oil futures, the US benchmark, fell 3% to $82.47 per barrel. October Brent oil futures, the international benchmark, also fell 3% to $89.42 a barrel.Comex gold December futures edged down 0.7% to $4,665.70 per ounce.In agricultural commodities, wheat futures for December delivery fell 1.5%, to $6.88 per bushel, while canola November futures rose 3% to C$773.30 per tonne.

$CXY

Mining & Metals29d ago

Great Atlantic Resources Starts 2026 Prospecting Program at South Quarry Tungsten Property

Great Atlantic Resources (GR.V) started its rock geochemical sampling program at its South Quarry Tungsten property in central Newfoundland, it said in a statement on Tuesday.The company also received an exploration approval from the Newfoundland and Labrador Department of Energy and Mines, Mineral Lands Division, authorizing up to six excavator trenches and new access trails within the northern region of the South Quarry property. It plans to start trenching in early September.The planned trenches will target areas of reported tungsten mineralization, it said.Shares of the company were last seen unchanged at C$0.07 on the TSX Venture Exchange.

$GR.V

Mining & Metals29d ago

Questerre Energy Completes Emergency Turnaround at Brazil Facility

Questerre Energy (QEC.TO) reported the completion of an emergency turnaround at the PX Energy oil shale processing facility in Brazil, on budget and on schedule.The plant has been operating since late Aug. 18, the company said Tuesday.During the unscheduled maintenance that began on July 31, the company said it completed repairing a critical pipe failure in the furnace that supplies heat to the main processing facility.Questerre expects to meet its minimum sales commitments under long-term contracts for August despite the disruption.The company's shares last traded Monday, closing up C$0.015, or 5.9%, to C$0.27 on the Toronto Stock Exchange.

$QEC.TO

Mining & Metals29d ago

NU E Power Appoints John Windsor as COO

NU E Power (NUE.CN) appointed John Windsor as chief operating officer, effective Aug. 31, it said Tuesday.Before joining NU E Windsor served as chief operating officer of Envest, the company said.He has served more than twenty years in senior operating roles at Canadian publicly listed power companies, including Algonquin Power & Utilities (AQN.TO), Northland Power (NPI.TO) and Emera (EMA.TO), added NU E Power."John has run 3,200 MW across eleven power markets," said Chief Executive Officer Broderick Gunning. "He has integrated acquisitions, brought partners into operating assets, and taken a portfolio all the way through to sale."

$AQN.TO$EMA.TO$NPI.TO$NUE.CN

Mining & Metals29d ago

Integrated Quantum Appoints Husam Fezzani as CEO

Integrated Quantum Technologies (VEIL.CN) appointed Husam Fezzani as its chief executive, it said Tuesday.Previous CEO Alan Guibord will transition to the role of board chair.Fezzani spent nearly 30 years at HSBC in various senior technology and engineering leadership roles supporting the bank's global operations, the company said.Shares of Integrated Quantum closed down 5.9% to C$0.63 on Monday on the Canadian Securities Exchange.

$VEIL.CN

Mining & Metals29d ago

Senvest Capital Reports TSX Approval for a Renewed Normal Course Issuer Bid

Senvest Capital (SEC.TO) on Tuesday said it received Toronto Stock Exchange approvals to renew its normal course issuer bid.Under the bid, Senvest can repurchase and cancel up to 100,000 of its shares or 4.14% of its 2.42-million outstanding shares as of Aug. 18, for a 12-month period beginning Aug. 27.Under its existing NCIB, which expires Wednesday, the company repurchased 13,000 of an allowed 100,000 shares.Senvest has interests in merchant banking, asset management, real estate and electronic security.The company's shares last traded Aug.20, closing at C$435.00 on the Toronto Stock Exchange.

$SEC.TO

Mining & Metals29d ago

GoGold Resources Begins Construction at Los Ricos South Project in Mexico

GoGold Resources (GGD.TO) has commenced site construction at the Los Ricos South project in Mexico, the silver and gold producer said Tuesday.The company has advanced detailed engineering and selected an underground mining contractor. Initial mine development is scheduled to start in January 2027.GoGold aims to achieved the first silver and gold pour in June 2028.The miner said it began construction work after completing a feasibility study in 2025 securing a project permit from the Mexican Government in June.

$GGD.TO

Mining & Metals29d ago

Dynacor Group Declares September Dividend of C$0.01333

Dynacor Group (DNG.TO) declared a monthly dividend of C$0.01333 per share for September, unchanged from the prior month, it said in a statement on Tuesday.This dividend will be payable on Sept. 17 to shareholders of record on Sept. 9.

$DNG.TO

Mining & Metals29d ago

New Found Gold to Begin Trading on the Toronto Stock Exchange

New Found Gold's (NFG.V) shares will begin trading on the Toronto Stock Exchange at the opening of the market on Aug. 26, it said Tuesday.The shares will be delisted from the TSX Venture Exchange once the trading on the TSX begins, it said.The company's trading symbol will change to "NFGC" but the CUSIP and ISIN will remain unchanged, it added."Not only will the TSX listing increase our visibility within the global mining investment community, it will also open the doors to a broader investor base and demonstrate our credibility within the market as we continue to execute on our long-term strategy of becoming Canada's next mid-tier gold producer," said Chief Executive Officer Keith Boyle.The company's shares closed up C$0.09, or 3.6%, to C$2.62 Monday on the Venture Exchange.

$NFG.V

Mining & Metals29d ago

Almadex Minerals Starts Drilling at King Copper-Gold Porphyry Exploration Target, Colorado

Almadex Minerals (DEX.V) started drilling on its King project in south-central Colorado, it said on Tuesday.This first pass program at the King project, which covers an area of "intense" porphyry lithocap and high sulphidation alteration developed in volcanic rocks, will start with an initial hole designed to orient and allow better planning for possible additional drilling to be carried out, it said.Shares of the company closed up C$0.02, or 4.7%, to C$0.445 Monday on the TSX Venture Exchange.

$DEX.V

Mining & Metals29d ago

Xanadu Secures Funding from Canada, Japan to Advance Quantum Semiconductor Research

Xanadu Quantum Technologies (XNDU.TO) secured funding from the Canadian and Japanese governments to advance its collaboration with Mitsubishi Chemical on semiconductor fabrication technologies using quantum computing algorithms.The partnership is focused on developing a production-ready workflow for extreme ultraviolet (EUV) lithography, which is used in chip manufacturing but encounters efficiency issues due to radiation-induced blurring, an inherently quantum phenomenon, Xanadu said Tuesday.Xanadu did not provide details of the funding, although it noted that it previously received advisory services and more than $800,000 in funds from the National Research Council of Canada Industrial Research Assistance Program.

$XNDU.TO

Mining & Metals29d ago

Earnings Flash (OGN.V) Orogen Royalties Inc. Reports Q2 Royalty Revenue C$3.2M

$OGN.V

Mining & Metals29d ago

Trident Resources Begins Airborne Magnetic and Radiometric Geophysical Survey over the Reindeer Gold Property

Trident Resources (ROCK.V) began an airborne magnetic and radiometric geophysical survey over the Reindeer Gold Project in the La Ronge Gold Belt (LRGB) of Northern Saskatchewan on Aug. 17, it said Tuesday.The 6,600-line km airborne survey will be completed by Special Projects Inc, said the company.The company expects the radiometric data and the aeromagnetic data to help define targets for subsequent ground-truthing and future drilling, it added.The company also said drilling and field exploration are underway at its Contact Lake and Preview target areas at the Contact Lake Gold Project, with the 20,000-meter summer drill program at Contact Lake almost halfway done, it said.The company is also conducting a comprehensive soil sampling and prospecting program across Contact Lake and the adjacent Preview project area, it added.

$ROCK.V

Mining & Metals29d ago

Collective Mining Reports Metallurgical Test Results from Apollo System in Colombia

Collective Mining (CNL.TO) provided metallurgical test work results from the top 1,000 meters of the Apollo system at the Guayabales project in Colombia.Results showed high metallurgical recovery rates of 95% gold, 92% silver, 85% copper and 70% tungsten, the mineral exploration company said Tuesday.Collective expects to release a maiden mineral resource estimate on Apollo in September.

$CNL.TO

Mining & Metals29d ago

First Mining Gold and Slate Falls Nation Sign Project Agreement for Development of Springpole Gold Project

First Mining Gold (FF.TO) entered into a project agreement with Slate Falls Nation (SFN) covering the Springpole Gold project which is located in northwestern Ontario, it said in a statement on Tuesday.The agreement was negotiated along with a community-based consultation process, it said, to ensure that the interests and concerns of the SFN were taken into account. The agreement sets out the significant participation of SFN in the responsible development of the Springpole Gold Project in a way that seeks to minimize impacts on the environment and provides direct benefits to the community, it added.The project agreement also sets out the sharing of financial benefits from the Springpole project.Shares of the company closed down 1.1% to C$0.93 on Monday on the Toronto Stock Exchange.

$FF.TO

Mining & Metals29d ago

Earnings Flash (GLOW.CN) Glow Lifetech Corp. Reports Q2 Revenue C$523K

$GLOW.CN

Mining & Metals29d ago

Earnings Flash (NPT.CN) Plaintree Systems Inc. Reports Q1 Revenue C$6.3M

$NPT.CN

Mining & Metals29d ago

Earnings Flash (TRBE.V) Tribe Property Technologies Inc. Reports Q2 Revenue C$8.3M

$TRBE.V

Mining & Metals29d ago

Earnings Flash (LSL.V) LSL Pharma Group Inc. Reports Q2 Revenue C$14.6M

$LSL.V

Mining & Metals29d ago

Jefferies Rates BMO, Scotiabank Hold Following Q3 Earnings Beats

Jefferies rates Bank of Montreal (BMO.TO, BMO) hold, with a C$225 price target implying about 6% downside from its C$238.63 share price.BMO reported a "solid beat" driven by strong performances within its operating segments, and the strength of its US retail bank in particular, Jefferies said in a Tuesday note. The results showed BMO did not lean on wealth and capital markets to beat consensus.BMO reported adjusted earnings of C$3.96, beating consensus of C$3.77 and Jefferies' estimate of C$3.89. BMO's shares closed 0.67% lower at C$238.63 on Monday.Jefferies also rated Bank of Nova Scotia (BNS.TO, BNS) hold, with a C$117 price target as the bank reported Q3 earnings that were "an impressive beat against expectations."Jefferies noted that the results were driven by a surprisingly strong capital markets performance. The results are expected to be viewed positively by the market, but the full beat may not be automatically priced into Scotiabank's valuation, Jefferies said in a separate Tuesday note.Scotiabank reported adjusted earnings of C$2.28, beating consensus of C$2.10 and Jefferies' estimate of C$2.14. Scotiabank's shares closed down 0.23% lower at C$120.29 on Monday.

$BMO.TO$BNS.TO

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