Lundin Mining (TSX:LUN) just wrapped up a busy quarter, announcing updates on its share capital and confirming the continuation of its share buyback program. The company also reported its second quarter earnings and declared a dividend, all while doubling down on exploration and expansion projects across its operations. With disciplined acquisition plans still in focus, these moves are giving investors fresh insight into Lundin’s evolving strategy and long-term goals.
This string of...
If you are trying to figure out your next move with Ivanhoe Mines (TSX:IVN), this week’s news deserves your attention. The company just confirmed surface copper mineralization at its Merke licence in Kazakhstan’s Chu-Sarysu Basin, which is a big step in a region that has seen very little modern exploration. For Ivanhoe Mines, this milestone unlocks a fresh growth story, with a major diamond drill campaign now planned to follow up on the find. These kinds of early discoveries can sometimes be...
Kraken Robotics (TSXV:PNG) is back on investors’ radar after announcing $13 million in new orders for its synthetic aperture sonar and subsea batteries from clients in the United States, Norway, and Turkey. What makes this event particularly interesting for shareholders is not just the headline number, but that these systems will be integrated across multiple classes of uncrewed underwater vehicles and showcased at a significant industry exercise in Portugal. This could go beyond a short-term...
Capstone Copper (TSX:CS) has landed in the spotlight after announcing a major operational hiccup at its Mantoverde mine in Chile. In the span of a week, both ball mill motors failed, leaving the operation running at about half its usual copper output. The company estimates it will take about four weeks to get back on track, which translates into a temporary reduction of 3,000 to 4,000 tonnes of copper concentrate from expected production. Management has acted quickly by swapping in available...
As the Canadian economy faces a contraction in GDP and potential monetary easing by the Bank of Canada, investors are eyeing opportunities in less conventional areas of the market. Penny stocks, although an older term, still capture interest due to their potential for growth and value, especially when backed by strong financials. This article will explore three such stocks that present intriguing opportunities for those looking beyond traditional investments.
As Canada grapples with a recent economic contraction, marked by a 1.6% decline in GDP during the second quarter, investors are keenly watching for opportunities amid shifting monetary policies and market dynamics. Despite their vintage connotation, penny stocks remain an intriguing investment area for those willing to explore beyond established names. In this article, we spotlight three Canadian penny stocks that stand out for their financial resilience and potential growth prospects.
