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GR Silver Says Drilling Expands High-Grade Silver Mineralization at Plomosas Project in Mexico

GR Silver Mining (GRSL.V) said resource expansion diamond drilling at the San Marcial area on the Plomosas Project in Mexico has confirmed high-grade silver mineralization on the southeast target extending for least an additional 150 meters.Drillhole SMS26-07 intersected two distinct mineralized zones, with highlights including 21.9 m at 168 grams per tonne (g/t) silver, including 6.15 m at 447 g/t silver in the southeast area. the company said."The results from two new resource expansion areas at San Marcial demonstrate the continued effectiveness of our 20,000-meter drilling program and reinforce our confidence in the exploration potential of both the Southeastern Extension and the Parallel Breccia," said chief executive Eric Zaunscherb.

$GRSL.V

Mining & Metals29d ago

Saga Metals Completes Wolverine Heavy Rare Earth Element Project Buy

Saga Metals (SAGA.V) closed the acquisition of all of the issued and outstanding shares of Catalyst Rare Metals, which holds a 100% interest in the Wolverine rare earth element (REE) project, located near the coast of central Labrador, Canada, it said in a statement on Friday.The company plans to implement a 2026 work program that is designed to advance the Wolverine REE project toward a maiden NI 43-101 mineral resource estimate through diamond drilling, targeted follow-up drilling, and evaluation of additional high-priority targets. The company's primary focus will be on diamond drilling for resource validation through a 4,000-5,000 meters drill program expected to start at the beginning of August 2026 with metallurgical test work to follow, it said.Shares of the company closed down 2% at C$0.48 on Thursday on the TSX Venture Exchange.

$SAGA.V

International29d ago

KOF Global Barometers Increase in July

The KOF Swiss Economic Institute's global economic barometers rose in July, moving slightly above the 100-point level, indicating an improvement in the economic momentum worldwide.The coincident global barometer rose 0.6 points to 104.5 points, while the leading barometer increased 0.7 points to 102.5 points, according to a Friday release.The increase in both barometers was largely attributed to positive contributions from the Asia, the Pacific and Africa region and Europe.

^DFMGI^FADGIFTSE 100^SSMI^SXXP^TASI

Research29d ago

Quebecor Price Target Raised, BCE Target Reduced at CIBC

CIBC Capital Markets raised its price target on Quebecor (QBR-B.TO) to C$78 from C$67, and reduced its target on BCE (BCE.TO) to C$36 from C$37.Analyst Stephanie Price maintained an Outperformer rating on both stocks as she previewed Q2 results for the Canadian telecom sector."Q2 was a slower quarter, given continued immigration headwinds; however, we believe it was less promotionally intensive than Q1," Price said in a note to clients."We are forecasting flattish growth in both consolidated industry revenue and adjusted EBITDA, with growth driven primarily by recent M&A," the analyst said.CIBC is predicting a 1% year-on-year industry wireless average revenue per user decline in Q2, adding on from the 0.7% slip in Q1. That's as "elevated pricing competition in March flows through into Q2 ARPU," Price said.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

$BCE.TO$QBR-B.TO

Mining & Metals29d ago

Talon Metals Resumes Drilling in Michigan, Advances Project Permitting in Minnesota

Talon Metals (TLO.TO) has resumed exploration drilling in Michigan to advance priority targets across its land package spanning over 400,000 acres, the nickel-copper company said late Thursday.Talon it is currently drilling the Roland and Boulderdash targets, aiming to evaluate near-mine and regional targets that can potentially complement the company's Eagle mine and Humboldt mill.Meanwhile, Talon is also advancing the Tamarack project in Minnesota, with the company currently in the scoping phase of the state's environmental impact statement process.The Minnesota Department of Natural Resources is expected to hold a public comment period as part of the scoping process, Talon said.

$TLO.TO

Mining & Metals29d ago

TelyRx Holdings' Subordinate Voting Shares Receive DTC Eligibility

TelyRx Holdings' (TELY.TO) subordinate voting shares are now eligible for electronic clearing and settlement in the U.S. through the Depository Trust Company, it said Friday."DTC eligibility removes barriers for U.S. investors, improves access to our shares, and supports the next stage of our growth as we continue expanding our digital pharmacy platform," said CEO Vanessa Slowey.

$TELY.TO

Commodities29d ago

Phillippines Pauses Renewables Auction Over Infrastructure Readiness Doubts

The Phllippines has paused its fifth round green energy auction until further notice to redesign its bidding process, according to national media reports on Thursday, citing Energy Undersecretary Felix William Fuentebella.The review will look at port readiness, permitting criteria and environmental and cost implications of necessary port upgrades, the PhilStar reported.Fuentebella, chair of the auction's Evaluation and Awards Committee, said the review was taking place to ensure the auction is more transparent and orderly, the news website said.The suspension would allow the department to more closely align the GEA-5 auction requirements, timelines and implementation parameters with infrastructure availability and regulations.The auction process was already advancing, with a senior energy official confirming that nine companies had qualified and cleared some of its preliminary stages for offshore wind bids.The auction had been scheduled to take place on Aug. 27 with results announced on Sept. 23 and it will cover fixed-bottom offshore wind projects exclusively, with a delivery window from 2028 to 2030.The country has a target of reaching a 35% of renewables in its energy mix by 2030 and 50% by 2040.The Manila Standard said that the auction process was launched on Nov. 25, 2025 with the publication of a notice and terms of reference.

Research29d ago

Intact Financial Price Target Raised to C$314 at CIBC

CIBC Capital Markets raised its price target on Intact Financial (IFC.TO) to C$314 from C$288.Analyst Paul Holden maintained a Neutral rating on shares of the Canadian insurance company ahead of its Q2 results on July 28."IFC pre-released expected claims from catastrophe events and other large losses," Holden said in a note to clients. "The expected impact on Q2E EPS is significant, as we have reduced our EPS estimate by 22%.""Intact had been posting strong margins and ROE prior to this quarter and we do not think elevated losses in Q2 should materially change the outlook," Holden said. "We remain more focused on pricing trends and acquisition potential."(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

$IFC.TO

Asia29d ago

COSCO Shipping Forecasts 141% Boost in H1 Profit

COSCO Shipping Energy Transportation (HKG:1138, SHA:600026) expects attributable profit of around 4.5 billion yuan for the six months ended June 30, up 141% from 1.87 billion yuan, as restated, a year prior.The company attributed the forecast to significantly higher freight rates for all vessel types, according to a Friday Hong Kong bourse filing.Other reasons included the activation of a regional emergency response plan for the Middle East and efficient communication with customers, as well an adjustment in the operating routes of various vessel types.

HKG:1138SHA:600026

Mining & Metals29d ago

Almadex Minerals Selling Royalty Interests to Empress Royalty For $2.5 Million

Almadex Minerals (DEX.V) is selling a portfolio of its net smelter return royalty interests to Empress Royalty (EMPR.V) for $2.5 million.Payment will consist of $1 million in cash and 2.6 million Empress shares, valued at $1.5 million. The portfolio includes certain 1.5% and 2.0% net smelter return royalties on precious and base metal projects, including royalties located in Mexico, British Columbia, Yukon and Nevada, a statement said.

$DEX.V$EMPR.V

Treasury29d ago

Canadian Bonds May Stand Out as Long End of Market Faces Greater Headwinds, Desjardins Says

Canadian bonds are likely to remain relatively attractive as investors reassess interest-rate exposure in longer-term bonds amid a more volatile market environment, Desjardins wrote.As traditional sources of demand weaken from investors and governments increase long-term debt sales, rising bond supply is likely to push up the compensation buyers seek to hold longer-maturity debt, Desjardins wrote in the note Thursday."Canada is likely to screen well against this macro backdrop," wrote Tiago Figueiredo in the Desjardins note. "While not immune to the global repricing of duration, Canada's favorable starting points should support demand for Canadian duration within global fixed-income portfolios."Investors are already demanding higher-term returns from countries with weaker fiscal fundamentals, added Desjardins. Bonds have become less reliable portfolio hedges as inflation and fiscal risks play a larger role in driving markets, pushing investors to demand greater compensation for buying longer-maturity bonds.

$CXY

Mining & Metals29d ago

Colibri Resource to Sell Remaining 49% Stake in Pilar Project for C$3.6 Million

Colibri Resource (CBI.V) has entered a definitive agreement to sell its remaining 49% interest in the Pilar gold-silver project in Mexico for C$3.6 million to Tocvan Ventures (TOC.CN).Colibri will retain a 1% net smelter return royalty on the project, which Tocvan can repurchase for C$1 million, the mineral exploration company said late Thursday.The company expects the proceeds to increase its financial flexibility as it advances the EP gold project in Mexico, as well as evaluate additional exploration and development opportunities.

$CBI.V$TOC.CN

US Markets29d ago

US Equity Futures Mixed Ahead of South Korean Chipmaker SK Hynix's Trading Debut

The benchmark US stock measures were struggling for direction before the open Friday as traders await the Nasdaq trading debut of South Korean chipmaker SK Hynix.The S&P 500 was almost steady in premarket activity and the Nasdaq was off 0.2%, while the Dow Jones Industrial Average rose 0.2%. The indexes finished the previous trading session higher.SK Hynix set the price of its initial public offering on the Nasdaq at $149 per American depositary share, raising about $26.5 billion. The company, which is reportedly a key supplier to Nvidia (NVDA), is expected to begin trading on the Nasdaq Friday.Shares of Intel (INTC) declined 3.1% pre-bell, while Marvell Technology (MRVL) decreased 1.6%. Micron Technology (MU), Broadcom (AVGO), and Advanced Micro Devices (AMD) were also lower.West Texas Intermediate crude oil was up 0.4% at $72.36 a barrel before the opening bell, while Brent gained 0.5% to $76.69.Washington aims to continue "technical talks" with Iran and remains "committed to finding a resolution," despite renewed hostilities between the two countries this week, news outlets reported Thursday, citing a US official. Pakistani and Qatari officials also told the publication that the mediators are also working to bring the US and Iran back to the negotiating table.Earlier in the week, US President Donald Trump said Iran "badly" wanted to make a deal, but didn't know if the country will "honor" it, CNBC reported.Global oil demand is estimated to drop by 1 million barrels per day in 2026 before rebounding by 2 million barrels next year, the International Energy Agency said.Friday's thin economic calendar has the weekly Baker Hughes oil-and-gas rig count at 1 pm ET.US Treasury yields were mixed in premarket action, with the two-year rate rising 1.7 basis points to 4.18% and the 10-year rate dropping one basis point to 4.54%.Delta Air Lines (DAL) shares were down 1.4% as the air carrier reported its second-quarter results. WD-40 (WDFC) jumped 12% as the company upgraded its full-year outlook after opting to retain its Americas homecare and cleaning businesses and reported higher fiscal third-quarter results overnight.Gold slipped 0.6% to $4,116 per troy ounce, while bitcoin climbed 1.9% to $64,406.

Dow JonesNasdaq CompositeS&P 500$AMD$AVGO$DAL$INTC$MRVL$MU$NVDA$WDFC

Research29d ago

Citigroup Downgrades Ryder System to Neutral From Buy, Adjusts Price Target to $280 From $276

Ryder System (R) has an average rating of overweight and mean price target of $280.11, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

Research29d ago

Citigroup Downgrades Liberty Latin America to Neutral From Buy, Adjusts Price Target to $8 From $4.38

$LILA

Mining & Metals29d ago

JZR Gold Provides Vila Nova Gold Project Operational Update; Closes C$1 Million Private Placement

JZR Gold (JZR.V) has entered into a contract with RR Bueno for the mobilization of a mining fleet, following the company's assumption of operatorship of the Vila Nova Gold Project in Amapa State, Brazil, it said Friday.The company expects the equipment to be on site at the beginning of next week to support mining operations, ore movement, access road maintenance and plant feed activities, it said."We are building an experienced operating team, mobilizing equipment, strengthening our mining capabilities and advancing the Project toward consistent production," said CEO Robert Klenk.The company also raised gross proceeds of C$1 million through a non-brokered private placement offering of units, it said late Thursday.The company issued 4 million units priced at C$0.25 each, it said. Each unit is made up of a share and a two-year warrant, said the company. Each warrant is exercisable into an additional share at a price of C$0.35 per warrant share, it added.Proceeds are intended to be used to fund operations of the fully constructed 800 tonne-per-day gravimetric mill, and for general working capital purposes, added JZR Gold.

$JZR.V

Asia29d ago

CITIC Securities Forecasts 70% Surge in H1 Profit

CITIC Securities (HKG:6030) expects attributable profit of 23.3 billion yuan for the first half of 2026, up 70% from 13.7 billion yuan a year prior, according to a Friday Hong Kong bourse filing.The securities company attributed the forecast to the advancement of its international strategic layout, a focus on customer-centric business orientation, technology empowerment, and improvement in the quality of its financial services.

HKG:6030SHA:600030

Japan29d ago

US Equity Futures Mixed Pre-Bell Amid SK Hynix's Record-Setting US Market Debut, Resumption of US-Iran Talks

US equity futures were mixed pre-bell Friday as traders took note of the US market debut of South Korean chipmaker SK Hynix, while the US and Iran will continue peace talks even after an exchange of attacks in recent days.Dow Jones Industrial Average futures were 0.1% higher, S&P 500 futures were down 0.1%, and Nasdaq futures were 0.4% lower.SK Hynix's initial public offering, which consists of 177.9 million American depositary shares, raised about $26.5 billion. The sale by the South Korean semiconductor company ranks as the largest debut by a foreign firm in the US. The offer was seven times oversubscribed, with more than 500 investment firms looking to buy shares, according to a report from the Financial Times.The US will continue "technical talks" with Iran as part of peace negotiations, despite the military strikes between the two nations earlier this week, according to a report from MS Now citing a US official. President Donald Trump said that Iran's attacks on commercial vessels transiting the Strait of Hormuz were "acts of terrorism," according to the report. Trump told reporters on Thursday that Iran had reached out and wanted to make a deal to cease the escalating hostilities in the Middle East.Traders noted the latest round of earnings, with Delta Air Lines (DAL) posting lower adjusted earnings and higher revenue for Q2 while reaffirming its 2026 adjusted EPS guidance.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 0.8% at $76.91 per barrel and US West Texas Intermediate crude 0.6% higher at $72.51 per barrel.The weekly Baker Hughes domestic oil-and-gas rig count is scheduled for release at 1pm ET.

Dow JonesNasdaq CompositeS&P 500$DAL

Research29d ago

UBS Initiates Coverage on Alpha Metallurgical Resources With Neutral Rating

$AMR

Research29d ago

DA Davidson Initiate Coverage on AGCO With Buy Rating, $160 Price Target

$AGCO

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US Markets29d ago

US Equity Futures Mixed Ahead of South Korean Chipmaker SK Hynix's Trading Debut

Dow JonesNasdaq CompositeS&P 500$AMD$AVGO$DAL$INTC$MRVL$MU$NVDA$WDFC