Modi Urges Indians to Halt Gold Purchases for a Year to Shield Forex Reserves
India’s Prime Minister Narendra Modi made a striking appeal on Sunday, urging Indians to refrain from buying gold jewelry for at least one year to safeguard the nation’s foreign exchange reserves. This call comes as India, the world’s second largest gold importer, grapples with a mounting import bill of $72 billion for the precious metal […]
Selkirk Copper Strikes New Lens Beneath Old Pit, Launches 50,000 Metre Phase 2 Program
Selkirk Copper Mines (TSXV: SCMI) has discovered a new mineralized zone at its Minto copper-gold-silver project and kicked off a Phase 2 drill program targeting up to 50,000 additional metres through 2026.
Orla Mining Posts Earnings Dip as Costs Climb
Orla Mining (TSX: OLA) delivered a softer first quarter relative to the fourth quarter, with lower production and higher unit costs partly offset by a stronger realized gold price. Net income came in at $75.4 million, or $0.22 per share, down from $79.2 million, or $0.23 per share, in the fourth quarter of 2025. Adjusted […]
Barrick Sees Q1 Performance Slip Versus Fourth Quarter
Barrick Mining (TSX: ABX) opened 2026 with another strong quarter, as a soaring gold price kept earnings and cash flow near the record levels set in the fourth quarter. The miner reported first quarter revenue of $5.22 billion, down 13% from $6.00 billion in the fourth quarter of 2025. Net earnings came in at $1.60 […]
Sponsored · Selkirk Copper Mines
UK Moves to Nationalize British Steel, Legislation Set for This Week
The UK government has unveiled plans to nationalize British Steel, marking the company’s return to public ownership for the first time since 1988. Announced by Prime Minister Keir Starmer earlier today, the decision follows failed negotiations with the current owner, Chinese firm Jingye, and aims to safeguard a critical pillar of the nation’s economy and […]
Liberals Lead Among Young Canadians Even as Youth Unemployment Hits Near-Record Highs
Young Canadians are facing the worst job market outside a recession in decades — and backing the governing party by a 10-point margin. The Abacus Data federal poll conducted April 30 to May 5 shows the Liberals at 46% nationally, the Conservatives at 36%. Among Canadians aged 18 to 29, the Liberals lead 45% to […]
Cameco Halts Key Lake Production After Bridge Collapse
Cameco (TSX: CCO) is seeing its uranium production plan about to face a logistics test, after flooding in northern Saskatchewan cut into supply access. While the uranium producer said its northern Saskatchewan sites are not directly affected by the flooding, the collapse of the Smoothstone River Bridge has disrupted the primary route used to move […]
Russia Lost Territory in Ukraine for the First Time Since 2024
For the first time in nearly two years, Russia ended a month having lost more Ukrainian territory than it gained. The ceasefire announced to stop the killing lasted less than a weekend. ISW reported Russian forces suffered a net loss of 116 square kilometres during April, with Ukrainian gains in the Sumy region north of […]
Sponsored · Cambria Gold Mines
Canada’s Booze Bans Wiped Out $536M in US Alcohol Exports
Canada’s provincial bans on American alcohol erased $536 million in US export revenue in 2025, the Distilled Spirits Council of the United States told a federal trade panel Wednesday, and the industry is warning the damage is spreading to American jobs. Chris Swonger, president and CEO of the Distilled Spirits Council, presented the figures to […]
Deadly Hantavirus Outbreak on Cruise Ship Exposes Gap Left by US Withdrawal from WHO
A hantavirus outbreak aboard a Dutch cruise ship has killed three people and infected eight, prompting an international contact tracing effort — and questions about whether the US, no longer a WHO member, is getting the information it needs to protect Americans who were on board. The MV Hondius, operated by Oceanwide Expeditions, departed Ushuaia, […]