Canex Metals Secures 51.9% Interest In Gold Basin Resources Under Hostile Bid
CANEX Metals (TSXV: CANX) has been successful in their attempt at a hostile takeover of Gold Basin Resources (TSXV: GXX). The company this morning indicated that they have secured 51.93% of the outstanding shares of Gold Basin under the offer they previously made to shareholders. With a majority of shares now deposited under the takeover […]
DPM Metals Extends Chelopech Mine Life To 10 Years
DPM Metals (TSX: DPM) has extended the mine life of their flagship asset. The extension follows an update to the mineral resource and reserve estimate for the Chelopech mine in Bulgaria following extensive exploration. Chelopech has seen the life of mine extended to 2036, resulting in a remaining life of mine of ten years. Production […]
Europe’s Largest Asset Manager Amundi Cuts US Dollar Exposure Amid Geopolitical Uncertainty
Amundi announced plans to reduce its exposure to US dollar assets over the coming year as Europe’s largest asset manager pivots toward European and emerging markets. CEO Valerie Baudson disclosed the move in an interview this week, citing concerns about US monetary policies and geopolitical instability. The Paris-based firm manages €2.4 trillion ($2.8 trillion) in […]
Equinor Warns Johan Sverdrup Production Will Drop Up to 20% in 2026
Production will decline between 10% and 20% this year at Norway’s Johan Sverdrup oil field, marking a shift for the North Sea asset that has driven European supply expansion since 2019, Equinor announced Wednesday. Chief Executive Officer Anders Opedal revealed the forecast during a media briefing alongside fourth-quarter results. The field pumped an average 712,000 […]
Trump Says Fed Nominee Wouldn’t Have Gotten Job if He Wanted to Raise Rates
President Donald Trump acknowledged Wednesday he would have rejected his Federal Reserve chair nominee if the candidate wanted to raise interest rates, telling NBC News the central bank operates as an independent body only “in theory.” Trump tapped Kevin Warsh, a former Federal Reserve board member, to succeed current Chair Jerome Powell when his term […]
Barrick Hikes Dividend To $0.42 On Q4 2025 Revenue, Earnings Jump
Barrick Mining (TSX: ABX) saw Q4 2025 revenue rise to $6.00 billion, up 45% from $4.15 billion in Q3, while cost of sales also increased to $2.71 billion, up 43% from $1.89 billion. Net earnings attributable were $2.41 billion ($1.43 per share), up 85% from $1.30 billion ($0.76 per share) in Q3. Adjusted net earnings […]
Ottawa to Scrap Electric Vehicle Sales Mandate, Shift to Emissions Standards
Prime Minister Mark Carney will announce Thursday that Canada is eliminating its electric vehicle sales mandate and replacing it with European-style fuel efficiency standards, CBC News reported, citing government and industry sources. The move abandons targets requiring 60% of new vehicle sales to be electric by 2030 and 100% by 2035. Carney paused the 2026 […]
Alberta Oil Production Hits Record 4.1 Million Barrels Daily in 2025
Alberta set a new oil production record in 2025, averaging 4.1 million barrels per day and surpassing the previous year’s output by 4.2%, according to the Alberta Energy Regulator’s most recent data. The province produced more than 1.5 billion barrels total last year, driven primarily by expanded pipeline capacity following the Trans Mountain expansion project. […]
Price Floors Return After US Hints It Lacked Authority
Critical mineral price floors are back on the agenda as a policy design problem, with the US and Mexico launching a 60-day action plan that explicitly contemplates “possible price floors for certain mineral imports.” The same initiative is being framed as a template for a wider allied trading zone. Vice President JD Vance said members […]
Toronto Home Prices Dip Below $1 Million Mark as Market Adjusts to Elevated Inventory
Greater Toronto Area home prices fell to $973,289 in January, marking a 6.5% decline from the same month last year as buyers gained negotiating power in a market flooded with inventory, the Toronto Regional Real Estate Board reported Wednesday. The figure sits below the industry group’s forecast range of $1 million to $1.03 million for […]