Palo Alto Networks Set to S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600

S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Tuesday, June 20 to coincide with the quarterly rebalance. The U.S. equity markets will be closed on Monday, June 19 in observance of the Juneteenth holiday. The changes ensure each index is more representative of its market capitalization range. All companies moving to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies moving to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from the S&P SmallCap 600 are no longer representative of the small-cap market space.

  • Palo Alto Networks Inc. (NASD:PANW) will replace DISH Network Corp. (NASD:DISH) in the S&P 500, and DISH Network will replace Cutera Inc. (NASD:CUTR) in the S&P SmallCap 600.
  • Doximity Inc. (NYSE:DOCS), Berry Global Group Inc. (NYSE:BERY), BWX Technologies Inc.DISH (NYSE:BWXT), Planet Fitness Inc. (NYSE:PLNT), Crown Holdings Inc. (NYSE:CCK), Dropbox Inc. (NASD:DBX), Graphic Packaging Holding Co. (NYSE:GPK), Ovintiv Inc. (NYSE:OVV), ZoomInfo Technologies Inc. (NASD:ZI) and WESCO Intl Inc. (NYSE:WCC) will replace Dana Inc. (NYSE:DAN), John Wiley & Sons Inc. (NYSE:WLY), Sunpower Corp. (NASD:SPWR), Ingevity Corp. (NYSE:NGVT), Fulton Financial Corp. (PA) (NASD:FULT), Douglas Emmett (NYSE:DEI), Victoria's Secret & Co. (NYSE:VSCO), Macerich Co. (NYSE:MAC), SiTime Corp. (NASD:SITM), and Navient Corp. (NASD:NAVI) respectively in the S&P MidCap 400. All constituents being removed from the S&P MidCap 400 will be added to the S&P SmallCap 600 replacing PetMed Express Inc. (NASD:PETS), Comtech Telecommunications Corp. (NASD:CMTL), Eagle Pharmaceuticals Inc. (NASD:EGRX), Children's Place Inc. (NASD:PLCE), Rayonier Advanced Materials Inc (NYSE:RYAM), LivePerson Inc. (NASD:LPSN), Gannett Co Inc. (NYSE:GCI), DMC Global Inc. (NASD:BOOM), Genesco Inc. (NYSE:GCO), and Zumiez (NASD:ZUMZ) respectively.
  • Artisan Partners Asset Management Inc. (NYSE:APAM), California Resources Corp. (NYSE:CRC), CarGurus Inc. (NASD:CARG), Moelis & Co. (NYSE:MC), Phillips Edison & Company Inc. (NASD:PECO), Schrodinger Inc. (NASD:SDGR), and UFP Technologies Inc. (NASD:UFPT) will replace LendingTree Inc. (NASD:TREE), Tredegar Corp. (NYSE:TG), Inogen Inc. (NASD:INGN), Douglas Elliman Inc. (NYSE:DOUG), FARO Technologies Inc. (NASD:FARO), Cara Therapeutics Inc. (NASD:CARA) and Big Lots Inc. (NYSE:BIG) in the S&P SmallCap 600.

Following is a summary of the changes that will take place prior to the open of trading on the effective date:

Effective Date

Index Name

Action

Company Name

Ticker

GICS Sector

June 19, 2023

S&P 500

Addition

Palo Alto Networks

PANW

Information Technology


S&P 500

Deletion

DISH Network

DISH

Communication Services

June 19, 2023

S&P MidCap 400

Addition

Berry Global Group

BERY

Materials


S&P MidCap 400

Addition

BWX Technologies

BWXT

Industrials


S&P MidCap 400

Addition

Crown Holdings

CCK

Materials


S&P MidCap 400

Addition

Doximity

DOCS

Health Care


S&P MidCap 400

Addition

Dropbox

DBX

Information Technology


S&P MidCap 400

Addition

Graphic Packaging Holding

GPK

Materials


S&P MidCap 400

Addition

Ovintiv

OVV

Energy


S&P MidCap 400

Addition

Planet Fitness

PLNT

Consumer Discretionary


S&P MidCap 400

Addition

WESCO Intl

WCC

Industrials


S&P MidCap 400

Addition

ZoomInfo Technologies

ZI

Communication Services


S&P MidCap 400

Deletion

Dana

DAN

Consumer Discretionary


S&P MidCap 400

Deletion

Douglas Emmett

DEI

Real Estate


S&P MidCap 400

Deletion

Fulton Financial (PA)

FULT

Financials


S&P MidCap 400

Deletion

Ingevity

NGVT

Materials


S&P MidCap 400

Deletion

John Wiley & Sons

WLY

Communication Services


S&P MidCap 400

Deletion

Macerich

MAC

Real Estate


S&P MidCap 400

Deletion

Navient

NAVI

Financials


S&P MidCap 400

Deletion

SiTime

SITM

Information Technology


S&P MidCap 400

Deletion

Sunpower

SPWR

Industrials


S&P MidCap 400

Deletion

Victoria's Secret & Co

VSCO

Consumer Discretionary

June 19, 2023

S&P SmallCap 600

Addition

Artisan Partners Asset Mgt

APAM

Financials


S&P SmallCap 600

Addition

California Resources

CRC

Energy


S&P SmallCap 600

Addition

CarGurus

CARG

Communication Services


S&P SmallCap 600

Addition

Dana

DAN

Consumer Discretionary


S&P SmallCap 600

Addition

DISH Network

DISH

Communication Services


S&P SmallCap 600

Addition

Douglas Emmett

DEI

Real Estate


S&P SmallCap 600

Addition

Fulton Financial (PA)

FULT

Financials


S&P SmallCap 600

Addition

Ingevity

NGVT

Materials


S&P SmallCap 600

Addition

John Wiley & Sons

WLY

Communication Services


S&P SmallCap 600

Addition

Macerich

MAC

Real Estate


S&P SmallCap 600

Addition

Moelis & Co

MC

Financials


S&P SmallCap 600

Addition

Navient

NAVI

Financials


S&P SmallCap 600

Addition

Phillips Edison & Co

PECO

Real Estate


S&P SmallCap 600

Addition

Schrodinger

SDGR

Health Care


S&P SmallCap 600

Addition

SiTime Corp

SITM

Information Technology


S&P SmallCap 600

Addition

Sunpower Corp

SPWR

Industrials


S&P SmallCap 600

Addition

UFP Technologies

UFPT

Health Care


S&P SmallCap 600

Addition

Victoria's Secret & Co

VSCO

Consumer Discretionary


S&P SmallCap 600

Deletion

Big Lots

BIG

Consumer Discretionary


S&P SmallCap 600

Deletion

Cara Therapeutics

CARA

Health Care


S&P SmallCap 600

Deletion

Children's Place

PLCE

Consumer Discretionary


S&P SmallCap 600

Deletion

Comtech Telecommunications

CMTL

Information Technology


S&P SmallCap 600

Deletion

Cutera

CUTR

Health Care


S&P SmallCap 600

Deletion

DMC Global

BOOM

Energy


S&P SmallCap 600

Deletion

Douglas Elliman

DOUG

Real Estate


S&P SmallCap 600

Deletion

Eagle Pharmaceuticals

EGRX

Health Care


S&P SmallCap 600

Deletion

FARO Technologies

FARO

Information Technology


S&P SmallCap 600

Deletion

Gannett Co

GCI

Communication Services


S&P SmallCap 600

Deletion

Genesco

GCO

Consumer Discretionary


S&P SmallCap 600

Deletion

Inogen

INGN

Health Care


S&P SmallCap 600

Deletion

LendingTree

TREE

Financials


S&P SmallCap 600

Deletion

LivePerson

LPSN

Information Technology


S&P SmallCap 600

Deletion

PetMed Express

PETS

Consumer Discretionary


S&P SmallCap 600

Deletion

Rayonier Advanced Materials

RYAM

Materials


S&P SmallCap 600

Deletion

Tredegar

TG

Materials


S&P SmallCap 600

Deletion

Zumiez

ZUMZ

Consumer Discretionary

For more information about S&P Dow Jones Indices, please visit www.spdji.com

ABOUT S&P DOW JONES INDICES

S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spdji.com .

FOR MORE INFORMATION:

S&P Dow Jones Indices
index_services@spglobal.com

Media Inquiries
spdji.comms@spglobal.com

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SOURCE S&P Dow Jones Indices

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Ovintiv Announces Closing of Midland and Bakken Transactions & Inclusion in S&P 400 Index

Company Updates 2023 Guidance for Early Close

 Ovintiv Inc. (NYSE: OVV) (TSX: OVV) ("Ovintiv" or the "Company") today closed the previously announced acquisition of core Midland Basin assets, adding approximately 1,050 net 10,000 foot well locations and approximately 65,000 net acres of largely undeveloped land adjacent to Ovintiv's existing Permian operations. The Company has acquired substantially all the leasehold interest and related assets of Black Swan Oil & Gas, PetroLegacy Energy and Piedra Resources, which are portfolio companies of funds managed by EnCap Investments L.P. ("EnCap"), in a cash and stock transaction valued at $4.275 billion .

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Ovintiv Prices Offering of Senior Notes

Ovintiv Prices Offering of Senior Notes

Ovintiv Inc. (NYSE: OVV) (TSX: OVV) (the "Company") today announced that it has priced an offering (the "Notes Offering") of $600,000,000 in aggregate principal amount of 5.650% senior notes due 2025 (the "2025 Notes"), $700,000,000 in aggregate principal amount of 5.650% senior notes due 2028 (the "2028 Notes"), $600,000,000 in aggregate principal amount of 6.250% senior notes due 2033 (the "2033 Notes") and $400,000,000 in aggregate principal amount of 7.100% senior notes due 2053 (the "2053 Notes", and together with the 2025 Notes, the 2028 Notes and the 2033 Notes, the "Notes"). The price to the public for the Notes is 99.994% of the principal amount for the 2025 Notes, 99.973% of the principal amount for the 2028 Notes, 99.793% of the principal amount for the 2033 Notes and 99.796% of the principal amount for the 2053 Notes.

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Ovintiv Announces Release of 2022 Sustainability Report

Ovintiv Announces Release of 2022 Sustainability Report

 Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today released its 2022 Sustainability Report, highlighting its progress and performance on several key sustainability initiatives related to emissions reductions, social responsibility and corporate governance.

Ovintiv Announces Release of 2022 Sustainability Report (CNW Group/Ovintiv Inc.)

"Ovintiv continues to drive real and measurable environment, social and governance progress," said Ovintiv President and CEO Brendan McCracken . "We strive to be a leader in disclosure, having published a sustainability report and key performance metrics data since 2005. Our results demonstrate our commitment to continuous improvement and the power of harnessing technology and our culture of innovation to drive strong performance outcomes. We are whole-heartedly proud to produce the safe, affordable, secure, and reliable energy the world needs, both profitably and sustainably."

Key highlights of Ovintiv's 2022 sustainability achievements:

  • Achieved a greater than 30% reduction in Scope 1 & 2 greenhouse gas emissions intensity since 2019; progressing toward a targeted 50% reduction by 2030
  • Continued full alignment with the World Bank Zero Routine Flaring Initiative
  • Implemented industry-leading family leave policy
  • Progressed Board renewal efforts with the addition of one new Board member
  • Introduced a second safety metric to the Company's compensation program
  • Committed to disclose extensive gender equality information, leading to the Company's inaugural inclusion in the Bloomberg Gender Equality Index

Ovintiv recently announced an acquisition that will see the Company roughly double both its oil production and its premium inventory in the Permian Basin. The transaction is expected to be accretive across a number of key financial metrics and inventory life while maintaining the Company's investment grade balance sheet. While Ovintiv anticipates a brief period of integration of the new assets, the Company remains committed to its Scope 1 & 2 emissions reduction target.

Ovintiv's sustainability report can be found on the Company's website at https://sustainability.ovintiv.com/

ADVISORY REGARDING FORWARD-LOOKING STATEMENTS – This news release contains certain forward-looking statements or information (collectively, FLS) within the meaning of applicable securities legislation, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements that relate to the anticipated future activities or expectations of the Company are FLS. FLS in this news release include, but are not limited to: expectations of plans, strategies and objectives of the Company, including planned ESG initiatives; the anticipated success of, and benefits from, technology and innovation; the ability of the Company to meet and maintain certain targets, including with respect to emissions-related and ESG performance. FLS involve certain assumptions and are subject to both known and unknown risks and uncertainties, many of which are beyond our control. These assumptions include: the assumptions contained herein; data contained in key modeling statistics; and expectations and projections made in light of the Company's historical experience. Risks and uncertainties include: our ability to generate sufficient cash flow to meet obligations; commodity price volatility; uncertainties, costs, and risks involved in our operations, including hazards and risks incidental to the drilling, completion, production and transportation of oil, natural gas and natural gas liquids; ability to secure adequate transportation and storage for oil, natural gas and natural gas liquids; potential curtailments of gathering, transportation or refining operations, including resulting storage constraints or widening price differentials; business interruption, property and casualty losses or unexpected technical difficulties; counterparty and credit risk; impact of changes in credit rating and access to liquidity, including costs thereof; risks in marketing operations; risks associated with technology; risks associated with lawsuits, governmental regulations and regulatory actions, including disputes with partners and our ability to timely obtain environmental or other necessary permits; our ability to acquire or find additional reserves; imprecision of reserves estimates and estimates of recoverable quantities; and other risks and uncertainties as described in the Company's Annual Report on Form 10- K, Quarterly Report on Form 10-Q and as described from time to time in its other periodic filings as filed on EDGAR and SEDAR. The above assumptions, risks and uncertainties are not exhaustive. Actual future results may vary materially and adversely from those expressed or implied in our FLS and such statements may not occur. Although the Company believes such FLS are reasonable, FLS should be understood to be only predictions and statements of our current beliefs; they are not guarantees of performance. FLS are made as of the date hereof and, except as required by law, the Company undertakes no obligation to update or revise any FLS.

Further information on Ovintiv Inc. is available at www.ovintiv.com , or by contacting:

Investor contact: (888) 525-0304  
investor.relations@ovintiv.com

Media contact: (403) 645-2252

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/ovintiv-announces-release-of-2022-sustainability-report-301822206.html

SOURCE Ovintiv Inc.

Cision View original content to download multimedia: https://www.newswire.ca/en/releases/archive/May2023/11/c9376.html

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Ovintiv Announces Results of Annual Meeting

Ovintiv Announces Results of Annual Meeting

Ovintiv Inc. (NYSE: OVV) (TSX: OVV) (the "Company") today announced that the following matters, as further described in the Company's Proxy Statement filed on March 23, 2023 (the "Proxy Statement"), were voted upon at its 2023 Annual Meeting of Shareholders held on May 3, 2023 .

Ovintiv Announces Results of Annual Meeting (CNW Group/Ovintiv Inc.)

Election of Director Nominees Listed in the Proxy Statement

Each director nominee listed in the Proxy Statement was elected as a director of the Company.  The results of the vote by ballot were as follows:


Shares For

Shares Against

Abstain

Broker   Non-vote

Peter A. Dea

168,404,785

5,047,161

130,316

19,755,443

Meg A. Gentle

169,689,545

3,737,410

155,307

19,755,443

Ralph Izzo

171,659,752

1,696,254

226,256

19,755,443

Howard J. Mayson

170,339,842

3,107,225

135,195

19,755,443

Brendan M. McCracken

172,605,556

825,099

151,607

19,755,443

Lee A. McIntire

166,563,086

6,842,816

176,360

19,755,443

Katherine L. Minyard

171,973,771

1,444,588

163,903

19,755,443

Steven W. Nance

172,011,222

1,397,006

174,034

19,755,443

Suzanne P. Nimocks

157,900,679

15,424,515

257,068

19,755,443

George L. Pita

172,022,482

1,389,605

170,175

19,755,443

Thomas G. Ricks

165,904,949

7,505,652

171,661

19,755,443

Brian G. Shaw

170,658,576

2,792,006

131,680

19,755,443


Advisory Vote to Approve Compensation of Named Executive Officers

The results of the non-binding advisory vote for the compensation of the Company's named executive officers were as follows:

Shares For

Shares Against

Abstain

Broker   Non-   vote

167,308,173

5,820,963

453,126

19,755,443


Advisory Vote on Frequency of Future Advisory Votes to Approve Compensation of Named Executive Officers

The results of the non-binding advisory vote on the frequency of future advisory votes to approve the compensation of named executive officers, were as follows:

One-Year

Two-Years

Three-Years

Abstain

Broker Non-vote

170,568,567

127,026

2,498,008

388,661

19,755,443


Ratification of PricewaterhouseCoopers LLP as Independent Auditors

The results for the ratification of PricewaterhouseCoopers LLP, Chartered Accountants, as the Company's independent auditors were as follows:

Shares For

Shares Against

Abstain

Broker Non-vote

186,757,581

6,435,087

145,037

0

Further information on Ovintiv Inc. is available on the Company's website, www.ovintiv.com , or by contacting:

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/ovintiv-announces-results-of-annual-meeting-301818635.html

SOURCE Ovintiv Inc.

Cision View original content to download multimedia: https://www.newswire.ca/en/releases/archive/May2023/08/c3605.html

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Oil pumpjacks in a field with text reading, "5 Top Canadian Mining Stocks This Week."

Top 5 Canadian Mining Stocks This Week: TAG Oil Posts 76 Percent Gain

Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian and US news impacting the resource sector.

South of the border, cooling rhetoric from the Trump administration led a relatively quiet news week.

Markets were volatile at the start of the week, however, after US President Donald Trump suggested on April 17 that Federal Reserve Chair Jerome Powell’s “termination couldn’t come fast enough.” The president softened his stance on Tuesday (April 22), saying he has no intention of firing the head of the US central bank, but called him a “major loser.”

Trump has long been critical of Powell, saying he has been slow to react to the markets in making rate cuts.

For his part, Powell has remained steadfast in waiting for more data before making decisions to tackle interest rates, most recently saying the Fed was taking its time to analyze the effect of tariffs imposed by the Trump administration.

This week, the president also implied that the high tariffs of 145 percent he implemented against China may come down in the future, although he said they would not be removed entirely. The comments helped to ease market tension on Tuesday, although he didn’t say when he would lower them. However, economists believe that unless there is a substantial reduction to the 10 to 20 percent range, trade between the countries will not be normalized.

China said it was open to working out a deal, but not until the US remove all tariffs levied against Chinese imports. The Chinese foreign ministry also contradicted Trump’s statements that the two countries had been in negotiations.

As for Canada, Statistics Canada released its monthly mineral production survey for February on Tuesday.

The report showed that metallic mineral production was down from January.

Copper production fell to 32.42 million kilograms from 34.1 million kilograms, gold production fell to 16,431 kilograms from 16,969 kilograms and silver production declined to 20,543 kilograms from 22,634 kilograms.

Shipments mostly increased compared to January’s figures. Copper rose to 29.23 million kilograms from 28.58 million kilograms and gold shipments increased to 15,328 kilograms from 14,751 kilograms.

Silver saw the only decline, dropping to 16,592 kilograms from 17,227 kilograms.

Markets and commodities react

In Canada, the S&P/TSX Composite Index (INDEXTSI:OSPTX) gained 2.24 percent during the week to close at 24,710.51 on Friday (April 25). The S&P/TSX Venture Composite Index (INDEXTSI:JX) rose 2.25 percent to 653.82, and the CSE Composite Index (CSE:CSECOMP) surged 6.05 percent to 120.11.

US equity markets were highly volatile this week, but posted significant gains by close on Friday, with the S&P 500 (INDEXSP:INX) adding 5.67 percent to close at 5,525.22, the Nasdaq-100 (INDEXNASDAQ:NDX) gaining 7.82 percent to 19,432.56 and the Dow Jones Industrial Average (INDEXDJX:.DJI) rising 3.1 percent to 40,113.51.

The gold price climbed to a new high early in the week, touching the US$3,500 per ounce mark on Tuesday. However, by the end of the week it was in retreat, closing out Friday down 0.75 percent at US$3,307.54. The silver price went the opposite direction, rising 1.79 percent during the period to US$33.05.

In base metals, the COMEX copper price gained 3.16 percent over the week to US$4.89 per pound. Meanwhile, the S&P GSCI (INDEXSP:SPGSCI) fell 0.25 percent to close at 537.20.

Top Canadian mining stocks this week

So how did mining stocks perform against this backdrop?

Take a look at this week’s five best-performing Canadian mining stocks below.


Stock data for this article was retrieved at 4:00 p.m. EDT on Friday using TradingView's stock screener. Only companies trading on the TSX, TSXV and CSE with market capitalizations greater than C$10 million are included. Companies within the non-energy minerals and energy minerals sectors were considered.

1. TAG Oil (TSXV:TAO)

Weekly gain: 76.47 percent
Market cap: C$32.77 million
Share price: C$0.15

TAG Oil is an oil and gas development company working to advance assets in Egypt’s Badr oil field.

The oilfield was first discovered in 1982 and has seen significant production since that time.

TAG has been focused on exploration of the Abu Roash formation, and according to a November 2022 report, has estimated that its BED-1 concession contains more than 531.5 million barrels of oil in place, and represents an opportunity for successful commercial development.

Shares of TAG gained this week after the company announced on Tuesday that it had closed the sale of its 2.5 percent gross overriding royalty interests on the Cheal, Cardiff, Sidewinder, Puka and Cheal East operations in New Zealand. The company received the royalties in 2018 when it sold the assets.

Under the terms of the sale, the company received US$2.2 million, with the possibility of an additional US$300,000 in milestone payments. TAG stated the sale allows it to reallocate its resources to advancing its core business in Egypt.

2. Critical One Energy (CSE:CRTL)

Weekly gain: 63.27 percent
Market cap: C$12.65 million
Share price: C$0.40

Critical One Energy is a critical minerals and uranium explorer advancing projects in Canada and Namibia.

The company’s uranium projects are located in Namibia and consist of the Madison West and the Madison North projects. They are situated in a region that hosts two producing uranium mines, the China National Nuclear Power (SHA:601985) led Rössing mine and CGN Power’s (OTC Pink:CGNWF,HKEX:1816) Husab mine.

The Madison West site covers an area of 35 square kilometers and hosts four primary prospects, including ML121, which has geological similarities to the deposits found at Rössing. The Madison North site covers an area of 26.13 square kilometers and has seen 50 holes completed over 3,720 meters.

Critical One’s newest asset is the Howells Lake antimony-gold project located near Thunder Bay in Ontario, Canada. The site is composed of 697 claims covering an area of 13,991 hectares.

According to the project page, a historic resource estimate shows 51 million pounds of contained antimony from 1.7 million metric tons of ore with an average grade of 1.7 percent antimony.

Multiple parties previously owned the property, and on January 13, Critical One announced it had entered into a definitive purchase and sale agreement with Bounty Gold and the other vendors to acquire 100 percent of the project.

The company has not released any project news in the last week.

3. Patagonia Gold (TSXV:PGDC)

Weekly gain: 55.56 percent
Market cap: C$32.55 million
Share price: C$0.07

Patagonia Gold is a precious metals production and development company primarily focused on advancing its Cap-Oeste and Calcatreu underground projects in Argentina. Located in Santa Cruz province, Cap-Oeste hosted open-pit mining operations until 2018. While Patagonia is working on the exploration and development of the underground resource at the site, it has been able to recover gold and silver from residual leaching on site.

In Patagonia’s management discussion and analysis, released on November 29, it reported that it had produced 1,415 ounces of gold and 65,046 ounces of silver from Cap-Oeste during the first nine months of 2024.

According to the company’s website, a 2018 mineral resource estimate for Cap-Oeste reported measured and indicated values of 704,300 ounces of gold and 21.43 million ounces of silver from 10.56 million metric tons of ore with average grades of 2.07 grams per metric ton (g/t) gold and 63.2 g/t silver.

Acquired in a deal with Pan American Silver (TSX:PAAS,NYSE:PAAS) in 2017, the Calcatreu project is located in Argentina’s Rio Negro province and covers approximately 90,000 hectares. A 2018 mineral resource estimate for Calcatreu reported measured and indicated values of 669,000 ounces of gold and 6.28 million ounces of silver from 9.84 million metric tons of ore with average grades of 2.11 g/t gold and 19.8 g/t silver.

The most recent news from the company came on Tuesday when it announced it had increased its loan facility with Cantomi Capital to US$50 million from US$45 million with a maturity date of December 31, 2026. The company intends to use the additional funds to continue the development at Calcatreu.

4. Azincourt Energy (TSXV:AAZ)

Weekly gain: 50 percent
Market cap: C$11.23 million
Share price: C$0.03

Azincourt Energy is a uranium exploration and development company working to advance projects in Canada.

One of its main focuses in 2025 is the Snegamook uranium project in the Central Mineral Belt of Newfoundland and Labrador. In October 2024, the company signed an option agreement to acquire a 100 percent stake in the property from BR. The belt contains multiple uranium deposits including Paladin Energy’s (TSX:PDN,ASX:PDN,OTCQX:PALAF) Michelin deposit, which hosts a measured and indicated resource of 82.2 million pounds of U3O8.

The property consists of 17 claims covering an area of 423 hectares and hosts proven shallow uranium mineralization. Previous exploration work discovered 1.3 kilometers of uranium bearing strike. The most recent news from the project came on March 25, when Azincourt announced it was planning its inaugural work program that would include up to 1,000 meters of initial diamond drilling to confirm and expand on known uranium mineralization.

Its other focus this year has been at its East Preston project in the Athabasca Basin in Saskatchewan. The site covers 20,647 hectares and is one of the largest landholdings in the region.

Azincourt announced on April 1 that it was planning a geophysical program at the property in the fall, and in the winter it may perform follow-up diamond drilling on clay alteration zones discovered at the site in 2023 and 2024.

5. NOVAGOLD Resources (TSX:NG)

Weekly gain: 49.88 percent
Market cap: C$2.31 billion
Share price: C$6.18

NOVAGOLD Resources is a development company working to bring its Donlin gold asset into production.

The property, located in West-Central Alaska, US, is currently a 50/50 joint venture between NOVAGOLD and Barrick Gold (TSX:ABX,NYSE:GOLD). According to a June 2021 technical report, the property hosts proven and probable reserves of 33.85 million ounces of gold from 504.81 million metric tons of ore with an average grade of 2.09 g/t gold.

The report also demonstrates an after-tax net present value of US$3.04 billion with an internal rate of return of 9.2 percent over a payback period of 7.3 years, all of which is based on a gold price of US$1,500 per ounce.

On Tuesday, the company announced that along with Paulson Advisers it had entered into a definitive agreement with Barrick to acquire Barrick’s 50 percent interest in the project for US$1 billion, with NOVAGOLD purchasing 10 percent of it for US$200 million. Upon completion, NOVAGOLD's stake will increase to 60 percent and Paulson Advisers will hold a 40 percent stake.

FAQs for Canadian mining stocks

What is the difference between the TSX and TSXV?

The TSX, or Toronto Stock Exchange, is used by senior companies with larger market caps, and the TSXV, or TSX Venture Exchange, is used by smaller-cap companies. Companies listed on the TSXV can graduate to the senior exchange.

How many mining companies are listed on the TSX and TSXV?

As of February 2025, there were 1,572 companies listed on the TSXV, 905 of which were mining companies. Comparatively, the TSX was home to 1,859 companies, with 181 of those being mining companies.

Together the TSX and TSXV host around 40 percent of the world’s public mining companies.

How much does it cost to list on the TSXV?

There are a variety of different fees that companies must pay to list on the TSXV, and according to the exchange, they can vary based on the transaction’s nature and complexity. The listing fee alone will most likely cost between C$10,000 to C$70,000. Accounting and auditing fees could rack up between C$25,000 and C$100,000, while legal fees are expected to be over C$75,000 and an underwriters’ commission may hit up to 12 percent.

The exchange lists a handful of other fees and expenses companies can expect, including but not limited to security commission and transfer agency fees, investor relations costs and director and officer liability insurance.

These are all just for the initial listing, of course. There are ongoing expenses once companies are trading, such as sustaining fees and additional listing fees, plus the costs associated with filing regular reports.

How do you trade on the TSXV?

Investors can trade on the TSXV the way they would trade stocks on any exchange. This means they can use a stock broker or an individual investment account to buy and sell shares of TSXV-listed companies during the exchange's trading hours.

Article by Dean Belder; FAQs by Lauren Kelly.

Don't forget to follow us @INN_Resource for real-time updates!

Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Lauren Kelly, hold no direct investment interest in any company mentioned in this article.

Quarterly Activities/Appendix 4C Cash Flow Report

Quarterly Activities/Appendix 4C Cash Flow Report

BPH Energy (BPH:AU) has announced Quarterly Activities/Appendix 4C Cash Flow Report

Download the PDF here.

Oil pumpjack with financial graph overlay, blue and orange lights.

Oil and Gas Price Update: Q1 2025 in Review

The oil sector faced volatility throughout the first quarter of 2025.

Concerns around weak demand, increasing supply and trade tensions came to head in early April, pushing oil prices to four year lows and eroding the support Brent and West Texas Intermediate (WTI) had above the US$65 per barrel level.

Starting the year at US$75 (Brent) and US$72 (WTI), the oil benchmarks rallied in mid-January, reaching five month highs of US$81.86 and US$78.90, respectively. Tariff threats and trade tensions between the US and China, along with soft demand in Asia and Europe, dampened the global economic outlook for 2025 and added headwinds for oil prices.

This pressure caused oil prices to slip to Q1 lows of US$69.12 (Brent) and US$66.06 (WTI) in early March.

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