Jay Lutz

18 hours ago | thedeepdive.ca | Jay Lutz

Canadian housing starts posted a record-setting surge in April, with new data from Canada Mortgage and Housing Corporation showing a 30 percent increase from the previous month. The seasonally adjusted annual rate of housing starts reached 278,606 units, surpassing economists’ expectations and marking the highest actual April total on record. The six-month trend measure, which smooths out monthly volatility, also advanced 2.4 percent to 240,905 units.

19 hours ago | thedeepdive.ca | Jay Lutz

Vizsla Silver (TSX: VZLA) is expanding its land holdings within Mexico, announcing this morning that is has optioned the Santa Fe project. The project is said to include both production and exploration concessions, and contains a fully permitted flotation plant currently producing silver and gold. The arrangement will see 12,229 hectares of claim acquired that are 22 kilometres to the south of Vizsla’s Panuco project.

19 hours ago | thedeepdive.ca | Jay Lutz

Snowline Gold (TSXV: SGD) has updated its mineral resource estimate for the Valley Gold deposit, which forms part of the larger Rogue project in the Yukon. The updated estimate has seen significant resources converted from the inferred mineral resource category to the measured and indicated category based on the initial resource published in July 2024.

3 days ago | thedeepdive.ca | Jay Lutz

Newmont Corp (TSX: NGT) evidently has little interest in being a major shareholder of assets they have just disposed of. The company late on Friday revealed they have sold a partial interest in Discovery Silver (TSX: DSV), which was acquired upon the sale of their Porcupine Complex in mid-April. The gold major on May 8 sold a total of 50.5 million shares of Discovery Silver at an average price of C$2.457, resulting in total proceeds of $124.07 million, with the sale conducted through the TSX.

3 days ago | thedeepdive.ca | Jay Lutz

MAG Silver (TSX: MAG) is the latest producer to be acquired within the mining sector. Pan American Silver (TSX: PAAS) announced Sunday evening that they will be acquiring the Mexico-focused miner, who owns a 44% interest in the Juanicipio joint venture operated by Fresnillo plc. The transaction will see Pan American Silver pay US$2.1 billion for MAG Silver via a combination of cash and shares. Total consideration will equate to US$20.54 per MAG share, a premium of 21% to Fridays close.