Soma Gold: Q3 Earnings Impacted By Labour Strike
Things seem to just keep getting worse in terms of quarterly results for Soma Gold (TSXV: SOMA) this year, after the second quarter failed to improve over Q1. And things didn’t get any better from there. In September, the company was hit with a strike by its unionized workforce at the El Bagre Gold Complex […]
Calgary-Banff Rail Proponents Submit Plan for Federal Major Project Status
Developers behind a proposed $2.6 billion hydrogen-powered passenger rail connecting Calgary’s airport to Banff National Park submitted their application Tuesday to the federal government’s Major Projects Office, seeking fast-track approval for what they describe as nation-building infrastructure. Liricon Capital and Plenary Americas presented their Calgary Airport to Banff Rail proposal to the federal agency established […]
Thesis Gold: The Multi-Billion Dollar Lawyers-Ranch PFS
Sentiment is running high for Thesis Gold (TSXV: TAU) this week, following the release of a positive prefeasibility study for their flagship Lawyers-Ranch project in the Toodoggone mining district of BC. The study builds on a preliminary economic assessment completed just last year in October. The rising gold environment has played heavily in favor of […]
Ottawa Leans On Bay Street And Hits Talent Wall
As Ottawa’s new Major Projects Office aims to augment development, it is ironically running into a talent shortage problem at the exact cohort it most wants to attract, as Bay Street firms balk at seconding junior and mid-career staff into lower paid, higher risk roles, according to industry sources. The MPO was created in August […]
580K Trust Shortfall Triggers Real Estate Broker’s Account Freeze
Ontario’s real estate regulator has frozen the bank accounts of HomeLife Today Realty after a planned inspection identified a roughly $580,000 shortfall in the brokerage’s trust account. The Real Estate Council of Ontario said it initiated a pre-inspection process and, after spotting a potential discrepancy, conducted an on-site inspection that confirmed a significant shortfall the […]
Recall Law Bites Danielle Smith Back In First Petition In 90 Years
Citizen-led recall petitions against Premier Danielle Smith and 21 other MLAs are testing Alberta’s recall law as a tool of accountability. Smith has become only the second Alberta premier to face a citizen recall effort, and the first in almost 90 years, after Elections Alberta approved petition drives in her Brooks-Medicine Hat riding and against […]
Eby Blasts “Dramatic, Overreaching, And Unhelpful” Court Rulings
Premier David Eby escalated a public fight with the judiciary, arguing two recent decisions on Indigenous rights and title are injecting uncertainty into BC economy and threatening progress on reconciliation that has allegedly supported roughly $100 billion in resource projects. Speaking at a BC Chamber of Commerce luncheon, Eby criticized a BC Supreme Court ruling […]
Bye G7, Hello C5: Trump May Rewire Bloc Diplomacy With Core 5
The “Core 5” idea being discussed in Washington would create a C5 forum of the US, China, India, Japan, and Russia that explicitly contrasts with the G7 by placing adversaries in the same top-tier negotiating room. As described in reporting on an alleged longer National Security Strategy draft, the C5 would function like a recurring […]
CME Lifts Silver Futures Margins Across Front Months
CME is raising performance bond requirements for COMEX silver futures, lifting both initial and maintenance collateral levels. In the CME Clearing advisory, the exchange framed the update as part of its normal review of market volatility to ensure adequate collateral coverage, with Clearing House Risk Management staff approving the revised requirements. For COMEX 5000 Silver […]
Bank of Japan Poised To Hike Rate At 30-Year High
The Bank of Japan is moving toward its first policy-rate hike in 11 months, with a 25-basis-point increase from 0.5% to 0.75% emerging as the leading option for the upcoming monetary policy meeting next week, according to Nikkei. If implemented, a 0.75% policy rate would reach a level not seen since 1995, marking the highest […]