Will BRICS Move Against Dollar ‘Soon’? China Claims Yes, Reports Say
Unverified reports circulating on social media suggest China announced Saturday that the BRICS economic bloc will “soon” introduce measures to reduce member nations’ reliance on the US dollar in trade and financial transactions. The reports, which could not be independently confirmed by major news outlets, claim Beijing indicated the initiative has backing from all member […]
New Gold Sees Net Earnings Jump 29% In Q2 2025
New Gold (TSX: NGD) released its Q2 2025 financials, posting a revenue jump to $308.4 million, up 41% YoY from last year’s $218.2 million, as stronger gold prices and higher ounces sold more than offset weaker copper pricing. Gold sales climbed to 75,596 ounces, up 12% from last year’s 67,697 ounces, and benefited from a […]
Canada to End Hotel Funding for Asylum Seekers in September Amid $1.1B Crisis
Canada will stop funding hotel accommodations for asylum seekers on Sept. 30, ending a program that has cost taxpayers $1.1 billion since 2017, Immigration, Refugees and Citizenship Canada announced this week. The federal government currently houses 485 asylum seekers in five hotels across Ontario and Quebec, down from a peak of 46 hotels nationwide in […]
Antimony Resources Intersects 14.91% Antimony Over 3.0 Metres At Bald Hill
Antimony Resources (CSE: ATMY) has received further assay results from a drill program conducted at their flagship Bald Hill Antimony Project in New Brunswick. A total of five holes saw their assays released this morning, with the company continuing to intersect high grade antimony bearing stibnite.
Goliath Hits 3.17 g/t Gold Over 18.73 Metres While Expanding Bonanza Zone
Goliath Resources (TSXV: GOT) continues to see success under their 2025 exploration program at their flagship Golddigger property in British Columbia. The company this morning released further assay results from the program, while announcing a significant expansion to the Bonanza zone.
Hercules Metals To Option Up To 74,000 Acres Of Claims From Barrick
Hercules Metals (TSXV: BIG) has entered into a major arrangement with Barrick Mining (TSX: ABX). The arrangement will see Hercules enter into a strategic option agreement with the mining major to lead a district-scale exploration strategy. The arrangement will also allow for Hercules to earn a 100% interest in over 74,000 acres of unpatented mining […]
McEwen Inc To Acquire Canadian Gold Corp For $0.35 Per Share In Stock
In the second M&A transaction announced today, McEwen Inc (formerly McEwen Mining) (TSX: MUX) is set to acquire Canadian Gold Corp (TSXV: CGC) as per a letter of intent, The proposed all-stock arrangement is focused on Canadian Gold’s wholly owned Tartan Mine, found in Manitoba. Under the proposed transaction, McEwen is set to pay 0.0225 […]
Torex Gold To Acquire Prime Mining For $449 Million In Stock
Torex Gold (TSX: TXG) appears to be on a bit of a buying spree, with the company this morning announcing that it has reached a definitive agreement to acquire Prime Mining (TSX: PRYM), only weeks after announcing the acquisition of Reyna Silver (TSXV: RSLV). The transaction is centered around Prime’s Los Reyes gold-silver project in […]
Canada Plans $24 Billion in Spending Cuts, Targeting Indigenous Programs and Veterans
Canada’s federal government is preparing sweeping spending reductions totaling nearly $24 billion by 2028 that would slash funding for Indigenous services, veterans’ benefits, and international aid to help pay for increased military spending and tax cuts, according to a new analysis. More than half the cuts would come from eliminating government transfers to other levels […]
CleanBC Will Cost More Than Trump Tariffs, ICBA Says
The president of Alberta’s Independent Contractors and Businesses Association warned in a Calgary Herald opinion piece Tuesday that British Columbia’s climate and economic policies under Premier David Eby pose risks to both provinces’ economies, adding to mounting criticism as BC conducts an independent review of its signature climate program. Mike Martens, who leads the ICBA […]