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 […]
GTA Home Sales Slump To 30-Year Low In April
Greater Toronto Area home sales plunged 23% year-over-year in April, marking the slowest non-pandemic April for housing activity in nearly three decades, the Toronto Regional Real Estate Board reported Tuesday. Only 5,601 properties changed hands last month, compared with 7,302 in April 2024. On a seasonally adjusted basis, transactions edged up 1.8% from March. The […]
RIP Skype: Microsoft Shuts Down Service To Focus On Teams
Microsoft (Nasdaq: MSFT) shut down its iconic internet communication service Skype on Monday after nearly 22 years of operation, redirecting users to its Teams platform. The closure, announced on February 28 by Microsoft, marks the end of a service that pioneered online voice and video calling. Originally launched by a group of engineers in 2003, […]
Sheinbaum Stands Firm Against US Military Presence On Mexican Soil
Mexican President Claudia Sheinbaum firmly rejected a proposal from US President Donald Trump to deploy American troops on Mexican soil to combat drug cartels, reaffirming her country’s commitment to territorial sovereignty. “Sovereignty is not for sale. Sovereignty is loved and defended,” Sheinbaum told supporters at an event in eastern Mexico on Saturday, responding to what […]
Under Pressure, OpenAI Scraps For-Profit Restructuring
OpenAI has abandoned its controversial plan to convert into a for-profit company and will instead maintain its nonprofit governance structure while transforming its commercial subsidiary into a public benefit corporation (PBC). The decision comes after pressure from several fronts, including discussions with attorneys general from California and Delaware, criticism from former employees, and an ongoing […]
Ford Pulls 2025 Outlook as Auto Tariffs Expected to Slash Profits
Ford Motor Company (NYSE: F) has suspended its full-year financial guidance for 2025, projecting that President Donald Trump’s auto tariffs will reduce its adjusted earnings by approximately $1.5 billion this year. The automaker announced the forecast withdrawal on Monday while reporting first-quarter profits that exceeded analyst expectations. Ford posted adjusted earnings of 14 cents per […]
Canada’s Carbon Tax Cut Shows Full Impact at Pump One Month Later
Canadian gasoline prices have fallen by about 18 cents per litre one month after Prime Minister Mark Carney eliminated the federal carbon tax, with nearly the full value of the tax cut being passed on to consumers, data shows. Economist Trevor Tombe’s analysis demonstrates a clear price gap between Quebec, which maintained its provincial carbon […]
Danielle Smith Demands Energy Guarantees, Opens Door to Separation Vote
Alberta Premier Danielle Smith has called on newly elected Prime Minister Mark Carney to negotiate what she terms an “Alberta accord” that would guarantee energy corridors to coastal ports and end federal policies she claims restrict the province’s economic development. Smith announced her government will appoint a special negotiating team to address these issues with […]