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Brixton Metals Raises C$4.5 Million After Closing First Tranche of Private Placement

Brixton Metals (BBB.V) closed the first tranche of its non-brokered private placement offering, raising C$4.5 million, it said in a statement after markets closed on Friday.The first tranche consisted of the issuance of 6.8-million units at C$0.66 apiece. Each unit consists of one common share and one common share purchase warrant, with each warrant exercisable to buy a share for C$0.90 until Aug. 15, 2029, subject to an acceleration clause.Proceeds will be used for exploration at the Langis Silver project located in the silver mining camp of Cobalt, Ontario, and for general working capital needs. Some of the company's directors, officers and their affiliates participated in the offering for about 238,000 units, it said.Shares of the company closed up 1.6% at C$0.65 on Friday on the TSX Venture Exchange.

$BBB.V

Mining & Metals38d ago

Erdene Resource Swings to a Second-Quarter Profit

Erdene Resource Development (ERD.TO) on Monday said it swung to a second-quarter profit of C$0.15 per share, compared with loss per share of C$0.07, a year earlier."We delivered another quarter of improved performance, achieving gold production of 11,709 ounces at Bayan Khundii, a 37% increase over the previous quarter, driven by stronger mining performance and continued steady operation of the process plant," said Peter Akerley, chief executive of the Mongolian miner.Shares of the company closed down C$0.09, or 1.4%, to C$6.16 Friday on the Toronto Stock Exchange.

$ERD.TO

Mining & Metals38d ago

Bunker Hill Advances Idaho Project for Commercial Production in Q4

Bunker Hill Mining (BNKR.TO) has completed the first production stope blast at the Bunker Hill mine in Idaho, keeping the project on track for commercial production by the end of 2026.The milestone marked the project's transition from mine redevelopment to underground production, the mining company said Monday.Bunker Hill Mining said its near-term priorities include increasing underground mining rates and optimizing the processing circuit at the project, which has a target capacity of 1,800 tonnes per day.

$BNKR.TO

Mining & Metals38d ago

Refined Energy Cancels Dufferin Option

Refined Energy (RUU.CN) cancelled its option to earn an interest in the Dufferin Uranium project in Saskatchewan, it said in a statement after markets closed on Friday.The company had held the exclusive option to buy up to a 75% interest in Eagle Plains Resources' (EPL.V) 100% owned Dufferin West property."Following the completion of our initial exploration program and technical review, the company has elected not to proceed with the option agreement," said Refined Energy CEO Mark Fields. "We remain committed to a disciplined approach to capital allocation and will now focus our exploration efforts on advancing the Golden Goose gold-antimony project in Newfoundland."Shares of the company closed up 5.3% to C$0.20 on Friday on the Canadian Securities Exchange.

$EPL.V$RUU.CN

Mining & Metals38d ago

DPM Metals Reaches Commercial Production at Vares Mine in Bosnia and Herzegovina

DPM Metals (DPM.TO) has achieved commercial production at its Vares silver-gold mine in Bosnia and Herzegovina, the mining company said Monday.Following the milestone, DPM expects Vares to hit the higher end of its 2026 production guidance range of 105,000 to 130,000 gold equivalent ounces.DPM said Vares is on track to achieve a full production run-rate of 850,000 tonnes per annum by year-end.

$DPM.TO

Mining & Metals38d ago

Clairvest Q1 Net Income Rises

Clairvest Group (CVG.TO) reported first quarter net income per share of C$3.61 compared with C$1.51, a year earlier.The company said Q1 net income was driven by a net increase in the valuation of its private equity investment portfolio.Clairvest's book value was C$1.328 billion as at Jun. 30, 2026, compared with C$1.293 billion as at March 31, 2026.The company's shares last traded Aug. 12, closing at C$86.50 on the Toronto Stock Exchange.

$CVG.TO

Mining & Metals38d ago

Equinox Gold Gets Key US Federal Permit for South Railroad Project

Equinox Gold (EQX.TO) has started early works construction at the South Railroad project in Nevada following the issuance of a key permit from the US Bureau of Land Management, the company said Monday.The positive record of decision from BLM marks the completion of federal permitting under the National Environmental Policy Act process. Equinox has submitted applications for state permits and water rights.

$EQX.TO

Mining & Metals38d ago

MDA Space Deploys Initial Satellites for Globalstar's Communications Constellation

MDA Space (MDA.TO) has deployed the initial eight replenishment satellites for Globalstar's low Earth orbit constellation, the company said Sunday.The satellites will now undergo in-orbit tests as part of the commissioning phase. The LEO satellites are the first to be delivered by MDA Space as a prime contractor for commercial communications constellations.The remaining nine satellites on order are in the final stages of integration at MDA Space. When fully operational, the satellites will allow Globalstar to extend the life of the constellation.

$MDA.TO

Mining & Metals38d ago

Frontera Energy Narrows Q2 Net Loss YoY

Frontera Energy (FEC.TO) reported second-quarter net loss from continuing operations of $4.0 million, or a loss of $0.06 per share, narrowing from a loss of $439.2 million, or a loss of $5.68 per share.Adjusted revenue was $48.7 million, up from $41.8 million.

$FEC.TO

Mining & Metals38d ago

OceanaGold to Acquire Ausgold in A$776 Million Deal

OceanaGold (OGC.TO) has agreed to acquire 100% of Ausgold, which owns the Katanning Gold Project in Western Australia, in a transaction with a total equity value of A$776 million, the company said Monday.Ausgold shareholders stand to receive 0.03365 common shares of OceanaGold for each Ausgold share held, implying a total offer value of A$1.36 per Ausgold share. Ausgold shareholders may also elect to receive the consideration value in cash.The Ausgold board unanimously recommended that shareholders approve the deal. Ausgold major shareholder Dundee (DC-A.TO), which holds a 7.7% stake, has confirmed that it will vote in favor of the deal.The deal is scheduled to close in December, subject to shareholder approval and other conditions.

$DC-A.TO$OGC.TO

Mining & Metals38d ago

Endeavour Silver Temporarily Halts Terronera Mine Operations

Endeavour Silver (EDR.TO) has temporarily suspended operations at the Terronera mine in Mexico due to an illegal blockade, the company said Sunday.Members of the Ejido community formed the peaceful blockade over concerns about road maintenance, medical assistance, communications, water supply access and financial assistance.The silver producer is conducting discussions with the community's leaders, aiming to resume full operations. The site will remain staffed with a reduced workforce during the suspension.

$EDR.TO

Mining & Metals41d ago

Amapa Minerals Produces About 500 Ounces of Gold in Q2

Amapa Minerals Holdings (AMAP.TO) after the close on Friday said it produced approximately 500 ounces of gold during the second quarter, including about 162 ounces recovered from legacy gold-in-circuit.The company achieved its first gold pour on May 4 and also commenced gold sales, selling 291 ounces and recognizing revenue of $1.2 million in Q2. During the period ended on June 30, the company processed approximately 24,587 tonnes of existing stockpiled material at an average plant feed grade of approximately 0.59 grams of gold per tonne. Metallurgical recovery was approximately 72.2%.Cash and cash equivalents stood at $2.8 million, positive net working capital of $13.7 million and total equity of $135.5 million as of June 30, Amapa said.On July 30, the company closed its initial public offering and its shares started trading on the Toronto Stock Exchange. That time it raised C$140 million from the IPO of 127.3-million shares priced at C$1.10 each.The company's shares closed down C$0.02 to C$1.08 on the Toronto Stock Exchange.

$AMAP.TO

Mining & Metals41d ago

Profound Medical Names Matthew Sobczyk Interim CFO as Rashed Dewan Steps Down

Profound Medical (PRN.TO) after trade Friday said Matthew Sobczyk has been promoted from corporate controller to interim chief financial officer, effective immediately.He joined the company in 2020 and replaces Rashed Dewan, who has stepped down as CFO, it added.Dewan would stay with the company on a short-term consulting contract to help ensure a smooth transition, Chief Executive Arun Menawat said.

$PRN.TO

Mining & Metals41d ago

Stracon Group Swings to Q2 Profit

Stracon Group (STG.TO) Friday after-trade reported a swing to a second-quarter profit of $0.06 per share, from a loss of $0.02 per share in the prior-year period.The engineering and industrial services company said revenue advanced 6.5% year over year, to $208.3 million. Stracon noted the industrial services segment revenue posted the biggest revenue increase, jumping 21% to $147.9 million from $122.5 million.Stracon Group shares closed unchanged at C$10.52, on the Toronto Stock Exchange

$STG.TO

Mining & Metals41d ago

NEO Battery Materials Raises C$4 Million in a Private Placement of Share Units

NEO Battery Materials (NBM.V) said Friday after trade that it raised C$4 million from a private placement of units.The company issued 20-million units at C$0.20 each under the listed issuer financing exemption. Each unit consists of a share and a three-year warrant to buy a share at C$0.30.Proceeds will be used to advance the company's commercial battery manufacturing operations in South Korea.NEO Battery shares closed unchanged at C$0.17 per share on the Toronto Stock Exchange.

$NBM.V

Mining & Metals41d ago

TSX Closer: The Index Retreats From a Record High as Technology Stocks Drop

The S&P/TSX Composite Index closed lower on Friday, retreating from a record high as a sharp decline in technology stocks outweighed gains in energy and telecom shares.The index closed down 29.02 points, or 0.1%, at 36,730.27, with mixed sectors. Energy led gainers, up 0.4%, while Telecom was up 0.3%. Information Technology closed down 2.8%.In commodities, West Texas Intermediate (WTI) and Brent crude rose on Friday as escalating US-Iran tensions renewed concerns over global oil supplies. Prices were supported by the US threat of a prolonged blockade of Iran and continued disruptions to shipping through the Strait of Hormuz, while attacks on two UAE oil tankers added to supply concerns.September WTI crude oil contract settled up $1.15, or 1.4%, at $82.40 per barrel, while October Brent oil was last seen up $1.31, or 1.5%, at $88.38 per barrel.Meanwhile, December Comex gold futures gained 0.3%, or $11.90, to $4,432.30 per ounce.In currencies, the US dollar edged lower 0.40% against the Canadian dollar, with USD/CAD at 1.3875 at last look.UBS Investment Research said while it has a neutral view on the Canadian dollar overall, it thinks USD/CAD is more likely to move higher in the near term. With both the Federal Reserve and Bank of Canada likely to keep rates unchanged, the US dollar could get some support, wrote UBS in a Friday note.On the economic front, Canadian manufacturing and wholesale sales advanced in June. Manufacturing sales rose 0.1% on the month to C$78.8 billion in June, extending the growth streak to five months, with gains in 15 of 21 subsectors led by chemicals and transportation equipment, Statistics Canada said on Friday. June's gain topped the 0.1% month-over-month consensus decline expected in a Bloomberg survey.Meanwhile, Canadian wholesale sales, excluding oil, oil products, other hydrocarbons, oilseed and grain, rose 2.8% on the month to C$92.5 billion in June, marking a fourth increase in five months, according to the statistical agency. June's increase was broadly in line with a 2.7% monthly consensus gain provided in a Bloomberg survey.Despite the positive economic data, US trade uncertainty continued to cloud the outlook. The latest US tariff threats, covering around 5% of Canadian exports, will likely weigh on demand for affected goods but will have limited impact on forecasts for the Canadian economy, according to RBC Economics in a note.Around 0.4% of Canada's gross domestic product and employment would be directly affected, based on 2024 value-added export data, said the bank.

S&P/TSX CompositeS&P/TSX Composite$CAD$CXY$USD

Mining & Metals41d ago

Whitecap Resources Confirms August Monthly Dividend

Whitecap Resources (WCP.TO) confirmed an August cash dividend of C$0.0608 per share, to be paid on Sept. 15, to shareholders of record on Aug. 31, it said after markets closed Thursday.The dividend is unchanged from the prior month.Price: $17.12, Change: $+0.23, Percent Change: +1.36%

$WCP.TO

Mining & Metals41d ago

Andrew Peller Completes Acquisition by Fairfax Financial

Andrew Peller (ADW-B.TO) said Friday that its acquisition by Fairfax Financial (FFH.TO) has been completed.Its shares are expected to be delisted from the Toronto Stock Exchange on Aug. 17.Price: $11.99, Change: $+0.01, Percent Change: +0.08%

$ADW-A.TO$ADW-B.TO

Mining & Metals41d ago

Tier One Silver to Raise Up To C$17 Million in a Best Efforts Private Placement of Share Units

Tier One Silver (TSLV.V) late Thursday said it will seek to raise up to C$17 million in a best-efforts private placement of share units.The company will raise between C$12 million and C$17 million from a placement of units priced at CC$0.07 and made up of a share a share and a three-year warrant to buy a share for C$0.15.The units will be offered at C$0.07 apiece and will be subject to an over-allotment option. Each unit consists of one common share and one full common share purchase warrant.The company also granted the agents al C$8.5 million over-allotment option.The company plans to use $1.8 million of the minimum proceeds to fund the initial purchase payment needs of the 70% control share purchase option of Compania Minera Ruta de Cobre S.A., it said. Tier One will use remaining proceeds to establish Ecuadoran exploration operations, start the first phase of exploration at RDC and provide working capital needs, it added.Shares of the company were last seen down C$0.005 , or 5.9%, to C$0.08 on the TSX Venture Exchange.Price: $0.08, Change: $-0.01, Percent Change: -5.88%

$TSLV.V

Mining & Metals41d ago

Morguard North American Residential REIT Declares August Distribution

Morguard North American Residential Real Estate Investment Trust (MRG-UN.TO) declared an August distribution of C$0.06583 per unit, payable on Sept. 15, to unitholders of record on Aug. 31, it said Friday.The distribution is unchanged from the prior month.Price: $16.36, Change: $-0.04, Percent Change: -0.24%

$MRG-UN.TO

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Mining & Metals41d ago

TSX Closer: The Index Retreats From a Record High as Technology Stocks Drop

S&P/TSX CompositeS&P/TSX Composite$CAD$CXY$USD