Chile Copper Output Slides 13.8% in April as Ore Grades Bite
Chile’s copper output fell 13.8% year-on-year in April, with the world’s largest copper producer turning out just 399,954 metric tons against 464,056 a year earlier. The drop erased more than 64,000 metric tons of supply from a single month. Statistics agency INE pinned the decline on “a high base of comparison and low ore grades […]
Canada and Ukraine Sign Drone Co-Production Deal, Creating Airlogix-Sentinel Joint Venture
Canada and Ukraine signed a formal production arrangement at CANSEC on Wednesday, turning a year-old political pledge into bricks and mortar reality. The deal creates Airlogix-Sentinel, a joint venture between Ukrainian drone maker Airlogix and Canadian UAS manufacturer Sentinel Research and Development, and commits both governments to manufacturing Ukrainian uncrewed aerial systems on Canadian soil. […]
Trump Lifts Hormuz Blockade After Striking Proposed Deal With Iran
Donald Trump announced he is lifting the U.S. naval blockade on the Strait of Hormuz, clearing detained vessels to leave a waterway that carries roughly one-fifth of the world’s crude oil. The move follows a proposed agreement with Iran, though Tehran has yet to formally accept it. Trump posted the announcement on social media. “Ships […]
Canada Enters Technical Recession As Q1 GDP Flatlines, Missing 1.5% Forecast
Canada’s economy flatlined in the first quarter, delivering a result so far below expectations that it tipped the country into a technical recession, Statistics Canada reported May 29. Annualized real GDP fell 0.1%, a miss of 1.6 percentage points against economists’ consensus forecast of 1.5% growth. Two consecutive quarters of negative real GDP growth meet […]
Silver X Returns to Profitability in Q1 on Stronger Silver Prices, Higher Throughput
Silver X Mining (TSXV: AGX) swung to a profit in the first quarter of 2026, capitalizing on a surge in precious metals prices and steadier output from its Nueva Recuperada operation in Peru. Net operating revenue came in at $13.4 million for the three months ended March 31, more than doubling the $5.3 million booked […]
Soma Gold Sees Q1 Revenue Slide 19% as El Bagre Restart Stumbles
Soma Gold (TSXV: SOMA) brought in $22.5 million in revenue for the first quarter of 2026, down 19% from the same period a year earlier, as the producer worked through a bumpy restart at its El Bagre Mill following a labour disruption that idled the operation in late 2025. Adjusted EBITDA came in at $4.7 […]
Poilievre Attacks Carney On Plane Food Spending: “Out Of Touch”
A $195,400 aircraft catering line has opened a larger transparency fight over how Ottawa explains prime ministerial travel costs when the released totals are politically vivid but operationally incomplete. Conservative Leader Pierre Poilievre used the figure to attack Prime Minister Mark Carney as “out of touch,” saying the spending amounted to about $200,000 for three […]
Wolastoqey: Private Landowners Won, But Governments Stayed Exposed In Supreme Court Ruling
The Supreme Court of Canada’s refusal to hear the Wolastoqey appeal gives private landowners a stronger shield against Aboriginal title declarations, but it leaves governments facing the harder question of who pays when historical grants collide with Indigenous land rights. The court declined leave in the Wolastoqey Nation case this week, meaning the New Brunswick […]
Why Kenya Is Blocking An Ebola Quarantine Facility To Be Built
Kenya’s judiciary has forced US’s Ebola contingency plan into a domestic legal fight, interrupting an arrangement that would have shifted part of the Washington’s outbreak-response burden onto Kenyan territory. The High Court order pauses any move to approve or carry out the proposed arrangement with the US while a challenge by the Katiba Institute is […]
SpaceX Cuts IPO Valuation Target to $1.8 Trillion After Investor Feedback
SpaceX lowered its initial public offering valuation target to at least $1.8 trillion on Thursday, down from the $2 trillion-plus figure Bloomberg reported in April, after consultations with advisers and investors prompted the company to revise its ambitions. Bloomberg reported, citing people familiar with the matter who asked not to be identified, that SpaceX plans […]