Cosigo Resources has demobilized its drill rig from the Taraira Ridge crest to its base camp in preparation for a drilling campaign targeted for 2027. The recent campaign (Holes #26 to #30) brought cumulative drill coverage to 5.5 km of the 27-km ridge system, with Holes #26 (139.83 meters) and #27 (141.5 meters) reaching the greatest depths drilled on the property; the company stresses these figures do not indicate gold presence, continuity or grade. Core and RC chips are being prepared for dispatch to independent ISO/IEC 17025-accredited laboratories, a process that may take as much as six weeks, while a multi-method assay program addressing coarse, uneven gold distribution continues. Separately, Cosigo announced a non-brokered offering of unsecured convertible debentures for gross proceeds of up to CAD$115,500, with 15% annual interest payable at maturity, a six-month term, and subject to regulatory approval.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
Open a keyword to see other news on the same topic.
Related tickers and likely impact
XAU/USD
• NeutralRelevance: low
| Market | Gold |
|---|---|
| Close on 10/26/2026 | 4,017.27 |
| Change that session | +0.54% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Meta’s $95B Equity Deal Echoes Alphabet’s Offering. Convertible Stock Could Yield 6%.
- CII extends the distribution period for convertible bonds
CII (HoSE) has extended by 30 days the period for distributing convertible bonds code CII426001, an offering of nearly 67.2 million bonds to existing shareholders at a rate of 10 rights per bond, and is seeking State Securities Commission approval. The 25-year bonds pay 0% interest for the first 12 interest periods and 14.5% a year after that, and CII expects to raise about VND 6,720 billion for investment in projects. Registration and payment for the remaining undistributed bonds runs from 22/10 to 3/11/2026. HFIC, the Ho Chi Minh City State Investment and Finance Company, had registered to sell 27.4 million rights, but no investors registered to buy, so it still holds 27.4 million rights, equal to 4.08% of CII's capital. CII will also set 5/11/2026 as the record date for an extraordinary general meeting approving its 2027-2032 infrastructure development orientation.
- Strategy and Riot Fall 4%, Cipher Digital Declines 3% as MSCI Index Rules and Convertible Sale Weigh
Strategy (MSTR) fell 4% to $145.50, Riot (RIOT) dropped 4% to $14.94 and Cipher Digital (CIFR) slipped 3% to $9.75. Strategy's pressure stems from MSCI's new index eligibility rules, with financial tests taking effect at the November review, and the company was previously flagged as potentially ineligible, even as Bitcoin rose over 24 hours. Cipher Digital priced zero-coupon convertible notes to fund its Barber Lake data center, settling Friday. Year to date, MSTR is down 5%, CIFR down 34% and RIOT up 20%. The CoinShares mining ETF (WGMI) fell 2% while the SPDR S&P 500 ETF (SPY) rose 0.2%.
- Cipher Digital Falls 5% as $850M Zero-Coupon Note Pricing Extends Slide; Applied Digital Declines 6%, IREN Drops 4%
Cipher Digital (CIFR) fell about 5% to $10.72 after pricing a private offering of $850 million in zero-interest convertible senior notes, extending a slide that followed a 13% drop in the prior session. Part of the proceeds will fund capped call transactions to limit dilution, while the rest goes to an additional equity investment in the Barber Lake data center, where an amended AI lab lease raised contracted revenue and doubled the base term. Cipher also plans to exchange part of an outstanding convertible issue for 40.7 million common shares. Peers moved lower too, with IREN down 4% to $33.37 and Applied Digital down 6% to $21.19.
- Cipher Digital Tumbles 14% on $850M Convertible Note Offering and Share Exchange; Applied Digital Drops 5%
Cipher Digital (CIFR) fell 14% to $11.20 in morning trading after announcing an $850 million private offering of convertible senior notes and a concurrent exchange of older debt for common shares. The exchange brings shareholder dilution forward, since each share issued expands the base over which future earnings are spread, rather than waiting for conversion or maturity. Applied Digital (APLD), another developer leasing data centers to hyperscale tenants, dropped 5% to $22.11. Bulls point to signed hyperscale leases, with the Black Pearl campus starting rent in August and Barber Lake expected to start in October. Skeptics worry that rising debt and a higher share count raise the bar lease revenue must clear, especially if campus delays occur.
- HFIC Fails to Sell CII Convertible Bond Subscription Rights
HFIC failed to sell its subscription rights to CII convertible bonds, equal to 27.4 million rights or 2.74 million bonds, between September 10 and October 6, 2026, as no investors registered to buy, so it keeps the full amount, equivalent to 4.08% of CII's charter capital. CII is offering nearly 67.2 million convertible bonds, code CII426001, to existing shareholders at a 10:1 ratio, priced at VND 100,000 per bond, with expected proceeds of about VND 6,720 billion. The 25-year bonds carry 0% interest for the first 12 interest periods and 14.5% per year afterward, and are expected to convert at 1:10 into shares priced at VND 10,000 each over 24 batches. Separately, CII revised the use of proceeds from bond CII425002 (ticker CII426028, VND 2,500 billion raised), cutting its planned capital contribution to Saigon - My Thuan Expressway BOT Co., Ltd. from VND 1,151 billion to VND 851 billion. The VND 300 billion shifted will repay principal on bond CIIB2426001 maturing October 14, 2026, which the company says will not affect project progress.
Related markets
Latest news
- Ripple strikes deal with Robinhood to expand its RLSUD digital dollar
Ripple has struck a deal with Robinhood to expand use of its RLUSD stablecoin, settling institutional trades in RLUSD, automating Robinhood's treasury operations and widening access to digital asset trading and financing through Ripple Prime and Bitstamp, the exchange Robinhood acquired last year. Robinhood Crypto's general manager said utility is what moves stablecoins forward, while Ripple President Monica Long said stablecoins have become critical financial infrastructure. Circle, a Ripple competitor, is pursuing a similar model with the Circle Payments Network launched earlier this year. RLUSD's market cap has grown above $2.5 billion, while Tether's USDT and Circle's USDC still dominate a stablecoin market exceeding $300 billion. RLUSD will also be listed on Robinhood's trading platform.
- AI Cloud Stocks Rise as CoreWeave Adds Denmark Capacity: CoreWeave and Nebius Climb 4%, Oracle Ticks Up
CoreWeave switched on its first Denmark data center at atNorth's Copenhagen facility, lifting its European footprint to nine data centers, and is extending its network with connection points in the UAE, India, Indonesia, Singapore, Australia, Korea and Japan. The first of these start later this quarter, with a full loop across four continents targeted by the middle of next year. CoreWeave stock was at $57.54, up 4% in morning trading, after a steep October decline tied to borrowing costs for AI infrastructure. Nebius rose 4% to $159.99 and Oracle gained 2% to $127.99, with the article noting Oracle's more diversified business. The article says CoreWeave's financing costs, which grow with each new site and network link, remain the key question.
- Fitch upgrades Techcombank's credit rating: Expanding advantages in the international capital markets
Fitch Ratings has raised Techcombank's Long-Term Issuer Default Rating from BB- to BB with a Stable Outlook, and its Viability Rating from bb- to bb. Fitch cited improvements in asset quality, business profile and risk management, along with prudent credit standards the bank maintained through volatile markets. The article highlights Techcombank's CASA ratio, which is among the industry's leaders, and a Tier 1 capital ratio of 14.1% in Q3 2026. According to the article, the upgrade strengthens the bank's reputation with international investors and widens its access to international funding sources.
- SoFi Jumps 11% as Lending Boom Drives Earnings Beat and Raised Outlook; Robinhood and Affirm Edge Higher
SoFi posted third-quarter 2026 results that beat expectations on revenue and profit, driven by lending, with record loan originations and a lower personal loan charge-off rate than the prior quarter. Management raised its full-year adjusted revenue and EPS outlook, even though its original guidance assumed rate cuts while rates have risen. SoFi stock rose 11% to $16.11 in morning trading, though it is still down 38% year to date. Robinhood gained 2% to $95 and Affirm rose 2% to $71.04, while the ARK Blockchain & Fintech Innovation ETF was essentially flat, suggesting the reaction is company-specific. The article notes that SoFi's lending-heavy model could face more balance sheet exposure and pressure on returns if borrowing costs keep climbing.
- JFrog and Industry Judges Recognize Global Brands Bringing Trust to the Software Supply Chain in the AI Era
JFrog announced the global winners of its inaugural Software Supply Chain Excellence Awards, nine honorees across the Americas, Europe, and Asia-Pacific, including Ford, NVIDIA, S&P Global, Rakuten Symphony, Singapore Airlines, and TSB Bank. The honorees span three categories: Unified Platform, Trusted AI Adoption, and Software Supply Chain Security. A cross-functional panel of industry leaders and experts judged entries on strength of vision and quality of metrics. The Convergence Award recognizes teams that moved from fragmented tools to a single governed platform shared by developers and security teams, while the Guardian Award honors teams that stop threats at the point of entry. JFrog said it identified over 900 malicious AI agent skills in the past year carrying high-impact payloads.
- Nvidia and Meta expand their AI partnership: What to know
Nvidia will invest $3 billion in Meta's equity offering, as Meta expanded its planned equity raise from 95 billion to 97 and a half billion. The common stock offering sold 25 billion, above the expected 22 and a half billion. The hosts note that although called a partnership, Nvidia is mostly selling chips to Meta, and the market may still read the deal as a bullish signal. They total recent financing deals, including a potential $100 billion Anthropic IPO, Meta's raise of roughly $100 billion, a $40 billion SpaceX GPU financing and a $63 billion Broadcom-Anthropic financing, at about $300 billion over 48 hours. They ask where the payoff for all this financing will come from.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.