Cenovus Energy Cuts Workforce Before Q1 Report
Cenovus Energy (TSX: CVE) has confirmed job reductions this week as it faces mounting pressure to improve performance ahead of its Q1 2025 earnings release tomorrow. The company cited structural reviews and project completions as the impetus for the layoffs, which affected both employees and contractors. “We have reviewed some team structures, which has led […]
Brazil Potash Secures Funding In Support Of US$2.5 Billion Autozales Project
Brazil Potash Corp (NYSE: GRO) has secured further funding in support of its US$2.5 billion Autozales Potash Project in Brazil. The company on Tuesday announced that it has entered into a definitive agreement for an equity line of credit.
India-Pakistan War Breaks: What We Know So Far
India’s early morning missile strikes on targets inside Pakistan and Pakistan-administered Kashmir have plunged South Asia’s two nuclear powers into their most dangerous standoff in decades, triggering a cascade of retaliatory threats, civilian deaths, and global diplomatic anxiety. Since 1947, the partition of British India created two states—Hindu-majority India and Muslim-majority Pakistan—both of which claimed […]
Are Saudi Arabia and China Forging A New Oil For Gold Trading Partnership?
Could Saudi Arabia and China be quietly reshaping the global financial landscape? Market watchers are closely monitoring reports that the Shanghai Gold Exchange International (SGEI) will establish a vault in Saudi Arabia, potentially creating a new path for an oil-for-gold trade that bypasses the U.S. dollar. The reported development comes from BullionStar, who stated on […]
Sandstorm Gold Reports Output Drop in Q1 2025 Despite Record Revenue
Sandstorm Gold (TSX: SSL) has reported its financial results for Q1 2025, with revenue surging 17% YoY to a record $50.1 million, up from $42.8 million in Q1 2024. Net income rebounded sharply to $11.3 million from a $3.9 million loss a year earlier. Operating cash flows jumped to $40.8 million, a 25% increase from […]
Kinross Gold Triples Profit In Q1 2025 But Costs Hit 9-Year High
Kinross Gold (TSX: K) has posted its results for Q1 2025, reporting quarterly revenue of $1.50 billion, a 38% jump from $1.08 billion in Q1 2024. This is driven by a spike in the average realized gold price to $2,857 per ounce. However, production remained flat, with attributable output slipping 3% to 512,088 gold equivalent […]
IAMGOLD Q1 2025: Record Revenue Can’t Offset Rising Cost, Leading To Earnings Drop
IAMGOLD Corporation (TSX: IMG) reported Q1 2025 results marked by record revenues of $477.1 million—up 41% from $338.9 million a year ago—driven by a sharp rise in gold prices and initial contributions from Côté Gold. Gold sales totaled 165,000 ounces, and the average realized gold price hit $2,731 per ounce—up 32% year-over-year. However, this topline […]
Barrick’s Gold Output Falls 30%, Costs Surge 22% Despite Earnings Beat In Q1 2025
Barrick Mining (TSX: ABX) posted its Q1 2025 results, with revenue jumping to $3.13 billion, up 14% YoY from $2.75 billion, driven primarily by a 40% YoY increase in realized gold prices to $2,898 per ounce. However, revenue declined 14% QoQ from $3.65 billion, reflecting weaker production volumes and lower copper sales. Cost of sales […]
Montage Gold Takes 9.9% Stake In Aurum Resources Via Equity Swap Deal
Montage Gold (TSX: MAU) has formed yet another strategic partnership with a regional explorer in Cote d’Ivoire. The latest partnership is with ASX-listed Aurum Resources, who has a portfolio of exploration properties adjacent to Montage’s assets in the Boundiali greenstone belt. The strategic arrangement will see Montage take a 9.9% interest in Aurum for a […]
Dolly Varden Plans 35,000 Metres Of Drilling In 2025
Dolly Varden Silver (TSXV: DV) is planning another big year for exploration at its wholly owned Kitsault Valley Project in British Columbia’s golden triangle. The company this morning revealed it plans to drill test 35,000 metres under this year’s exploration program. Exploration in 2025 is set to focus on expanding high grade mineralization at the […]