Torex Gold Q2 2025: Revenue Slip, Earnings Drop, Negative Free Cash Flow Despite Record Gold Prices
Torex Gold (TSX: TXG) reported its Q2 2025 results. In one of the rare cases in this price environment, the firm’s quarterly revenue slipped 6% YoY to $253.9 million from $270.3 million in Q2 2024, despite a 50% jump in the realized gold price to $3,299 per gold equivalent ounce. This comes as gold equivalent […]
Trulieve Q2 2025: Wider Net Loss Despite Flat Revenue
Trulieve Cannabis (CSE: TRUL) has posted its Q2 2025 earnings, with revenue essentially flat at $302 million from last year’s $303 million. Gross margin grew to 61%, but gross profit was still relatively the same at $183 million from last year’s $182 million. However, rising tax drag kept the bottom line in the red: net […]
Tesla, Musk Sued by Shareholders Over Robotaxi Safety Claims
Tesla (Nasdaq: TSLA) and CEO Elon Musk were sued by shareholders Monday, accused of securities fraud for allegedly concealing safety risks tied to the company’s self-driving vehicles, including its robotaxi service. The federal lawsuit stems from troubling incidents during Tesla’s June robotaxi debut in Austin, where autonomous vehicles were caught on video making dangerous maneuvers […]
Federal Court Orders Workday to Reveal Employers in AI Hiring Discrimination Case
A US federal judge has ordered Workday Inc. (Nasdaq: WDAY) to provide a list of employers that used artificial intelligence to screen job applicants, in what could become one of the largest employment discrimination lawsuits in US history. Judge Rita F. Lin ruled July 29 that the collective action lawsuit alleging age discrimination can proceed […]
Ford Government Conducted Secret Tunnel Study in 2021, Documents Show
Ontario Premier Doug Ford’s government secretly conducted a feasibility study on building a tunnel under Highway 401 in 2021 but quietly abandoned the work years before announcing the controversial infrastructure project publicly, internal documents reveal. The unreleased study examined costs, technical designs, and tunnel options for Canada’s busiest highway, according to documents obtained by CBC […]
Tariff Surge Spurs Ottawa’s $1.2B Lumber Rescue
Prime Minister Mark Carney unveiled a $1.2 billion support package for Canada’s softwood lumber industry on Tuesday, framing it as the first plank of a broader industrial strategy built on “Canadian expertise, using Canadian lumber.” The plan combines $700 million in federal loan guarantees with $500 million for product and market diversification, aiming to blunt […]
OR Royalties Rallies On 27% Revenue Jump In Q2 2025
OR Royalties (TSX: OR), formerly Osisko Gold Royalties, saw its Q2 2025 revenue jump 27% to $60.4 million from $47.4 million last year. The surge comes in despite the 2% slip in gold equivalent ounces earned to 19,700 from Q2 2024’s 20,068. The rally is primarily due to a rise in average gold prices, soaring […]
SSR Mining Sees 119% Revenue Surge In Q2 2025 On Gold Price Rally
SSR Mining (NASDAQ: SSRM) posted its Q2 2025 results, with quarterly revenue surging 119% YoY to $405.5 million from Q2 2024’s $184.8 million, lifted by a 40% rise in gold equivalent ounces sold and a 40% jump in realized gold prices to $3,336 per ounce. Cost of sales climbed 69% to $162.9 million, putting gross […]
NexGen Energy Signs 5 Million Pound Uranium Offtake Deal With Major Utility
NexGen Energy (TSX: NXE) appears to be confident that they will receive federal permitting approval in the coming months, with the company this morning announcing that they have doubled their contracted sales volume in advance of placing the Rook I project into operation. The company has managed to secure a new uranium offtake contract with […]
Nevada Lithium Reports US$6.8 billion NPV For Bonnie Claire Project At $24,000/tonne Lithium
Nevada Lithium Resources (TSXV: NVLH) has outlined a larger net present value for their Bonnie Claire Lithium Project found in Nye County, Nevada. The figure follows the completion of a preliminary economic assessment at the property. The estimate is based on an operation with a life of mine of 61 years, with average annual production […]