Santacruz Silver Q2 2025: Net Income Surges Amid Output Decline
Santacruz Silver Mining (TSXV: SCZ) reported Q2 2025 revenue of $73.3 million, up 4% year-over-year from $70.5 million. Cost of sales fell 11% to $42.6 million, lifting gross profit 59% to $25.3 million. This leads the gross margin to expand to 34.5% from 22.5%. Average realized price per silver equivalent ounce sold improved 6% to […]
Meta Slams The Brakes On AI Hiring After Nine-Figure Salary Spree
Meta Platforms (NASDAQ: META) has frozen hiring across its artificial intelligence division after months of aggressive recruiting, according to the Wall Street Journal. The pause began last week, also blocking internal transfers inside the AI group unless approved by Chief AI Officer Alexandr Wang. A Meta spokesperson called the move “basic organizational planning” to build […]
White Gold Increases Mineral Resources To 3 Million Ounces At Flagship Project
White Gold Corp (TSXV: WGO) has increased the mineral resource estimate for their flagship White Gold project in west-central Yukon. The update follows the reworking of the model for both the Golden Saddle and Arc deposits. The revised estimate has seen an improvement in both indicated and inferred resources, with indicated resources growing 44%, and […]
Marimaca Copper Enters Option Arrangement For Sulfuric Acid Plant
Marimaca Copper (TSX: MARI) has taken an uncommon approach to stabilizing the price of their inputs for their flagship Marimaca Copper project in Chile, announcing this morning that they have entered into an option agreement to acquire a sulfuric acid plant. The plant, which has a capacity of 150,000 tonnes per annum, represents 30-40% of […]
Small Business Recovery Stalls with 2024 Insolvencies at 15-Year High
A new Innovation, Science and Economic Development Canada research paper finds retail startups are down about 21% from pre-pandemic levels, underscoring how COVID-era disruptions continue to suppress firm formation. That startup shortfall is mirrored by insolvency data. In 2024, total insolvencies in Canada rose 12.1% year over year, according to the Office of the Superintendent […]
Altima Energy Closes $5.5M Private Financing As MCTO Deadline Nears
Oil and gas company Altima Energy (TSXV: ARH) received final acceptance from the exchange to close its $5.5 million private placement. The Vancouver-headquartered company issued 20,000,000 units at $0.275 per unit. Each unit consists of one common share and one share purchase warrant. Each warrant is exercisable at $0.40 for two years from issuance. Altima […]
China Bans ‘Autonomous Driving’ Marketing Claims Following Fatal Crash
China has prohibited automakers from marketing their vehicles with misleading language such as “autonomous driving” and “intelligent driving,” as regulators impose sweeping new restrictions following a deadly crash involving driver-assistance technology. The sweeping restrictions, announced at an April 16 meeting with nearly 60 automotive executives, require companies to use precise technical classifications instead of promotional […]
Canada, Finland Establish Strategic Partnership Focused on Arctic Security, Ukraine Support
Canada and Finland announced a new foreign and security policy strategic partnership Tuesday, deepening cooperation on Arctic security, NATO defense initiatives, and support for Ukraine as both nations respond to shifting global threats. The partnership, unveiled in a joint statement issued in Helsinki, builds on the countries’ shared democratic values and mutual interests in the […]
Kenney: By-Election Results Unmask Alberta Separatism as ‘Empty Shell’
Former Alberta Premier Jason Kenney doubled down on his opposition to provincial separatism this week, citing recent by-election results as evidence that independence movements lack meaningful public support. In a social media post, Kenney highlighted that two separatist candidates combined received just 1.5% of votes in a recent by-election in what he described as a […]
Subsidy For Shares? White House Reportedly Wants A Stake In CHIPS Act Grant Recipients
The Trump administration is testing a simple proposition: if Washington funds you, Washington should own a piece of you. Commerce Secretary Howard Lutnick is exploring equity stakes in chipmakers that receive CHIPS Act grants, starting with Intel. “We should get an equity stake for our money,” Lutnick said, according to one report. White House Press […]