Tory MP Joins Liberals, Giving Carney Two Seats Away From Majority
Nova Scotia MP Chris d’Entremont left the Conservative caucus on Tuesday and joined the Liberals, moving Prime Minister Mark Carney one seat closer to a majority that would secure his mandate until 2029. “After serious consideration and thoughtful conversations with constituents and my family, I came to a clear conclusion: there is a better path […]
Ottawa To Scrap Oil And Gas Cap, Rewrite EV Mandate
Canada released a Climate Competitiveness Strategy that removes the proposed oil and gas emissions cap, begins a reset of the electric vehicle mandate, pares back new greenwashing provisions, revives accelerated writeoffs for LNG equipment, and cuts the marginal effective tax rate by more than two percentage points, which the government says will be the lowest […]
SSR Mining Tightens To Lower-Half Guidance As Costs Rise In Q3 2025
SSR Mining (TSX: SSRM) reported Q3 2025 revenue of $385.8 million, up 49.9% year over year from $257.4 million, driven by record realized prices. Cost of sales rose 19.8% to $165.7 million from $138.3 million, well below the pace of revenue growth, lifting operating income to $83.3 million from $9.0 million. Operating income margin expanded […]
Cameco Narrows Sales Guidance On Breakeven Q3 2025
Cameco (TSX: CCO) reported Q3 2025 revenue of $615 million, down 15% year over year from $721 million, as lower uranium and fuel services sales volumes outweighed higher realized prices. Consolidated gross profit was $170 million, roughly flat versus $171 million a year ago. Management characterizes Q3 as a small net loss, posting net earnings […]
Kinross Gold Sees Earnings Jump 65% In Q3 2025 Despite Output Drop, Higher Costs
Kinross Gold (TSX: K) saw an increase in Q3 2025 net earnings by 65% to $584.9 million as revenue rose 26% to $1.80 billion on a higher realized gold price, despite a double-digit drop in production and higher unit costs in several operations. Metal sales grew driven by an average realized gold price of $3,460 […]
Breaking Down Budget 2025: Deficits, Borrowings, Investments
A projected $78.3 billion deficit headlines the Budget 2025 that the Carney government tabled for the current fiscal year, up from the $42.2 billion shortfall previously estimated. The deficit is paired with $60 billion in savings and revenues and a plan to enable $1 trillion in total investment over the next five years. Prime Minister […]
IAMGOLD Q3 2025: Revenue Jumps 61%, Earnings Fall On Impairment
IAMGOLD (TSX: IMG) reported a 61% year over year jump on revenue to $706.7 million in Q3 2025 from $438.9 million, on consolidated gold sales of 203,000 ounces and an average realized price of $3,492 per ounce. Gross profit increased 68% to $272.6 million as the realized gold price rose 46% year over year to […]
Electra Battery Materials Restarts Construction At Cobalt Refinery
Construction has finally resumed for Electra Battery Materials (TSXV: ELBM) at their cobalt sulfate refinery. The refinery, which is the only such facility in North America, is a brownfield project which already has the required permits and infrastructure in place for operation. The restart of construction to bring the refinery back into operation follows Electra […]
Wesdome Gold Records Free Cash Flow Of $0.52 A Share In Q3 2025
Wesdome Gold Mines (TSX: WDO) has published their third quarter financial results, headlined by topline revenue of $230.8 million, an improvement of 57% on a year over year basis from $146.8 million in Q3 2024. That revenue figure follows the sale of 47,400 ounces of gold at an average realized price of US$3,523 per ounce, […]
Artemis Gold Posts Q3 Adjusted Net Income Of $141.7 Million In First Full Quarter Of Operations
Artemis Gold (TSXV: ARTG) this morning posted their third quarter financial results, headlined by topline revenue of $308.1 million for their first full quarter of operations. That topline figures follows the sale of 62,863 ounces of gold at an average realized price of US$3,489 an ounce. Net income for the quarter totaled out at $110.9 […]