Soma Gold Expects 5,000 Ounce Production Hit Due To Strikes
Soma Gold (TSXV: SOMA) has cut production guidance for 2025 following the end of a 57 day strike that occurred at their Cordero Mine and El Bagre Gold Complex. While work has now resumed on site, additional maintenance is now required across several systems at the El Bagre mill as a result of the prolonged […]
Toyota Commits $10 Billion to US Operations, Opens First Battery Plant Outside Japan
Toyota Motor Corp. announced Wednesday it will invest up to $10 billion in its US operations over the next five years, confirming plans that President Donald Trump had mentioned during his visit to Japan last month. The Japanese automaker announced that it officially began production at its new $13.9 billion battery manufacturing plant in Liberty, […]
Global Oil Demand May Keep Rising for Decades, Energy Agency Now Says
The International Energy Agency released projections Wednesday showing global oil demand could continue rising until 2050, marking a significant departure from the agency’s recent forecasts that consumption would peak within this decade. In its annual World Energy Outlook, the Paris-based agency reinstated a “Current Policies Scenario” projecting oil demand will reach 113 million barrels per […]
Pan American Silver Doubles Profit, Boosts Guidance After MAG Acquisition In Q3 2025
Pan American Silver (TSX: PAAS) increased attributable Q3 2025 revenue by 24% to $884.4 million from $715.0 million, as higher realized metal prices and sharply lower silver segment costs offset softer gold production and higher gold costs. Attributable silver production was essentially flat at 5.46 million ounces, yet the realized silver price climbed 32% to […]
‘Big Short’ Investor Michael Burry Shuts Down Scion Asset Management
Michael Burry, the investor who famously predicted the 2008 housing market collapse, has deregistered his hedge fund Scion Asset Management with federal regulators, sparking speculation about his next move and the state of financial markets. The Securities and Exchange Commission’s database shows Scion Asset Management’s registration status changed to “terminated” effective November 10. The firm […]
Elemental Altus Raises Revenue & Output Guidances On Strong Q3 2025
Elemental Altus Royalties (TSXV: ELE) reported an increase in Q3 2025 revenue and profitability, with total revenue rising to $6.9 million, up 84% from $3.7 million in Q3 2024. Adjusted revenue reached $8.2 million, up 70% from $4.8 million. Net profit also climbed to $1.4 million from $0.6 million a year earlier, and adjusted EBITDA […]
Crypto Cold War: China Accuses US of $13 Billion Bitcoin Theft
China’s cybersecurity agency has accused the United States government of orchestrating a massive cryptocurrency theft, escalating tensions between the two nations over a $13 billion Bitcoin seizure tied to a Cambodian fraud network. The Chinese National Computer Virus Emergency Response Center alleged in a report released last week that American intelligence agencies conducted a “state-level […]
i-80 Gold Remains In The Red Despite Doubling Q3 2025 Revenue
i-80 Gold (TSX: IAU) reported Q3 2025 revenue was up 178% year over year to $32.0 million from $11.5 million as gold ounces sold nearly doubled and the average realized gold price rose. Gold sales rose to 9,368 ounces from 4,740 ounces, a 98% increase, and the consolidated average realized gold price increased 40% to […]
G Mining Lifts Margins In Q3 2025 On Stronger Tocantinzinho Output
G Mining Ventures (TSX: GMIN) posted a 276% year-over-year jump in Q3 2025 revenue to $161.7 million from $43 million driven by record throughput, higher grades, stronger recoveries and lower unit costs at Tocantinzinho as gold prices also strengthened. Gold sales rose to 49,119 ounces from 17,144 ounces a year earlier, and the average realized […]
Ivanhoe Electric Obtains Approval For $200 Million Credit Facility For Santa Cruz Copper
Ivanhoe Electric (TSX: IE) has secured further funding in support of their flagship Santa Cruz Copper Project in Arizona. The company this morning indicated that it has secured credit approvals for a US$200 million senior secured multi draw bridge facility from a syndicate of lenders. “As we advance toward breaking ground in 2026, Santa Cruz […]