- Hut 8 secured a $1.07B four-year senior secured revolving credit facility led by J.P. Morgan and 11 other banks, with an initial margin of SOFR plus 175 bps, no prepayment penalties, and a letter-of-credit sublimit.
- TD Cowen downgraded Ag Growth International to hold from buy, price target cut to C$11 from C$23, citing rising refinancing costs and pending debt maturities; shares fell 27.4% to C$6.98.
- AutoCanada is discontinuing digital retail units, buying out iA Financial's 10% stake for C$8 million, after the two online businesses generated C$3.6M revenue and incurred a C$6M net loss over the past 12 months.
- Hudbay Minerals extended Snow Lake mine life by two years and raised life-of-mine gold production target by more than half, projecting 185,000 oz at AISC of $1,379/oz through 2030, with gold reserves of 2 million ounces.
- B2Gold's Goose mine remains on track for 170,000-200,000 oz gold production in 2026, with Q3 output expected in line with Q1 and Q4 anticipated to be the strongest quarter.
- Luca Mining secured a $75M binding equity commitment from Goldgroup Mining, which will take up to a 19.9% strategic stake through a C$110M subscription receipt offering, replacing a Trafigura backstop, to support its $290M purchase of the Cozamin copper-silver mine from Capstone Copper.
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