Pentagon to Buy $500M in Cobalt as China Restricts Minerals
The US Defense Department is seeking to buy up to $500 million worth of cobalt for strategic stockpiles over the next five years, marking the first time since 1990 that the military has sought to purchase the critical metal amid escalating competition with China over mineral supply chains. The Defense Logistics Agency issued a tender […]
Saudi Central Bank Reportedly Takes Historic Stake in Silver ETF
The Saudi Central Bank has reportedly taken a significant position in the iShares Silver Trust (NYSE: SLV) ETF, according to market analysis, in what appears to be an unprecedented move by a central bank to gain silver exposure through an exchange-traded fund. The purchase, reportedly executed August 14, 2025, represents a departure from traditional central […]
Trump Administration Halts 80% Complete Rhode Island Offshore Wind Project
The Trump administration on Friday ordered an immediate halt to construction of a nearly complete offshore wind project off Rhode Island’s coast, citing unspecified national security concerns and dealing a major blow to the renewable energy industry. The Bureau of Ocean Energy Management told Danish energy company Ørsted to stop all work on Revolution Wind, […]
AbraSilver Hits 60.0 Metres Of 1.05 g/t Gold At Diablillos
AbraSilver Resources (TSX: ABRA) has extended the gold bearing zone at their flagship Diablillos project in Argentina following additional drilling under a phase five exploration program. Specifically, the gold bearing zone within the Oculto East zone has been expanded, following the assay results from three drill holes that intersected mineralization beyond the current mineral resource […]
Avino Silver To Spend $21 Million Extinguishing Royalties And Contingent Payments At La Preciosa
Avino Silver (TSX: ASM) has taken full ownership of their new La Preciosa project, which is found adjacent to their Avino Mine in Durango, Mexico. The firm this morning indicated that it has purchased and extinguished all outstanding royalties and contingent payment obligations on the property. The arrangement has seen Avino spend $13.25 million in […]
Ivanhoe Set To Begin Stage Two Dewatering At Kakula Mine
Ivanhoe Mines (TSX: IVN) is expecting to re-issue production guidance for their Kamoa-Kakula complex in September, after guidance was initially pulled following a seismic event which had a major impact on underground operations. The revised guidance is expected to be issued for 2026 and 2027, which follows continued dewatering efforts at the mine. A three […]
Canada Rolls Back On Most Counter-tariffs But Keeps Metal Duties
Canada moved to defuse a tariff fight with the US by dropping most of its 25% counter-tariffs, while keeping duties on US autos, steel, and aluminum in place for now. The change takes effect on September 1. Prime Minister Mark Carney framed the decision as a strategic pivot toward deal-making: “As we work intensively with […]
First Majestic Q2 Earnings: Another Record Quarter
First Majestic Silver (TSX: AG) (NYSE: AG) last Thursday published their second quarter financial results. And while they initially opened in the green, they ultimately fell into the red after the price of silver fell below the $38 handle after some poor PPI numbers were released.
Sandstorm Gold Fades Into Royal Gold Merger
We know we’re a bit behind here on the Q2 earnings, but only so much can be tackled in a day here folks. We’re going to take a bit of a breather from our coverage on the producers to tackle a harder segment of the industry: the royalty names. And given this may be our […]
Equinox Gold Q2 Earnings: Back On Track
Sometimes you’ve just got to tip your hat and respect the performance of a gold producer. This quarter, that honour goes to Equinox Gold (TSX: EQX), whom has seemingly placed their operations on the right track, despite some speed bumps experienced earlier this year. Post closing of their acquisition of Calibre Mining, they’ve got a […]