Robinson Energy granted licence over Papua New Guinea gas discovery

Updated Nov 10, 2026 4:56pm ET

Markets: The S&P/TSX Composite fell 275.81 points, or 0.76%, to 36,170.45, with no clear catalyst, while the S&P 500 lost 29.01 points, or 0.38%, to 7,520.93 and the Nasdaq Composite shed 187.27 points, or 0.74%, to 25,065.87. The Bank of Canada's governing council thinks further rate hikes might be needed but is proceeding carefully, a summary of deliberations showed; the policy rate rose to 2.5% last month. The Canadian dollar neared a four-week low after US CPI data lifted the greenback, with USD/CAD at 1.41879 in late-afternoon trading, up 0.50%, and a Bank of Canada hike next month is seen at less than 50% odds. Oil was at US$86.49 in late-afternoon trading, down 0.41%, with Brent slipping below $90 on Iran peace hopes, and gold fell 1.91% to US$4,035.9. The S&P/TSX Venture Composite finished at 822.09, down 13.94 points or 1.67%, and the CSE Composite at 132.93, down 0.14 points or 0.11%.

Robinson Energy: Robinson Energy said Papua New Guinea's Minister for Petroleum, Jimmy Maladina, has granted it Petroleum Retention Licence 68. The Calgary-based company, which trades on the TSX Venture, said the licence gives it 100% of the Triceratops gas and condensate discovery. Its shares also trade over the counter in the US and in Frankfurt.

Barrick: Barrick Mining has filed paperwork in the United States for a public offering of its North American gold business, which will carry the name American Barrick Gold Corporation. The company said it is moving ahead with the proposed initial public offering, and a news report described the listing as a key part of its strategy to regain investor approval after years of underperformance.

Stellantis: Prime Minister Mark Carney called Stellantis's decision to sell its idled Brampton, Ont., assembly plant to defence contractor Roshel a betrayal of thousands of workers, and said Canada will fully enforce its rights. Stellantis says it has offered to repay federal funding provided for retooling the plant, which stopped once US tariffs arrived. Unifor's president said the company betrayed the union's members.

Allied Gold: Kurmuk, Allied Gold's mine in Ethiopia, produced its first gold pour, taking the project into production. The pour came after wet commissioning in late October. Allied expects Kurmuk to be its lowest-cost operation, and a trade report said the company also lifted its 2027 outlook, to as much as 670,000 ounces.

Goldsky Resources: Goldsky Resources released assays from the first infill hole in its 25,000 metre program at the Barsele gold project in Sweden. Hole SKI26001, drilled at the Skiråsen zone, returned 4.61 g/t gold over 75.3 metres. The hole also intersected gold from 71 metres to 275.3 metres, with more than 200 metres of continuous mineralization.

Pasinex Resources: Pasinex Resources said underground exploration drilling has resumed at its Pinargozu zinc mine in Turkiye, with a program of approximately 4,000 metres now running. The +410 development has reached the first of three drill stations, according to the company. Pasinex, a CSE issuer, describes itself as a zinc-focused explorer and developer with important germanium by-product credits.

Premier American Uranium: Premier American Uranium, a TSX Venture issuer, said it has completed a US$5 million strategic equity investment from DISA Uranium. The deal saw the company issue 9,326,000 subscription receipts to DISA Uranium, and IsoEnergy also increased its strategic holding. The company's shares also trade on the OTCQB.

Market data

Closing index levels; commodities and currencies are late-afternoon trading, not settlements.

Nov 10, 2026 4:55pm ET

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Written by AI based upon public market data and company news releases, and checked automatically before publishing. Company statements are reported as the companies made them. Not investment advice.