OPEC+ Accelerates Oil Production Despite Weak Demand, Prices Fall
OPEC+ announced it will boost oil production by an additional 411,000 barrels per day in June, accelerating output increases despite slowing global demand and sending crude prices tumbling. Oil prices fell more than $1 per barrel following the decision, with Brent crude futures dropping to $59.95 and US crude falling to $59.95 per barrel before […]
Canadian Greg Abel Set to Succeed Berkshire Hathaway CEO Warren Buffett By Year-End
Canadian-born Greg Abel is poised to take over as CEO of Berkshire Hathaway (NYSE: BRK.B) by the end of 2025, succeeding the legendary Warren Buffett, who announced his retirement this weekend. “I think the time has arrived where Greg should become the chief executive officer of the company at year end,” Buffett said. Abel, a […]
Trump Slaps 100% Tariff On Non-US Made Films To Save “Dying” Hollywood
President Donald Trump has ordered a 100% tariff on all movies produced outside the country, in a sweeping protectionist move to revitalize the “dying” Hollywood. The announcement framed foreign film production as both an economic threat and a matter of national security. “The Movie Industry in America is DYING a very fast death,” Trump posted. […]
End of De Minimis Exemption Reshapes US-China Trade Dynamics
Chinese e-commerce platforms face dramatic cost increases following Friday’s expiration of the US de minimis tax exemption, ending a policy that allowed packages valued below $800 to bypass customs duties. The loophole, heavily utilized by retailers including Shein, Temu and AliExpress, enabled shipments to avoid standard tariffs. US Customs processes approximately 4 million packages daily […]
Albemarle, Perpetua Lead Mines List Fast-Tracked By Trump Administration
The Trump administration has fast-tracked more than two dozen mining projects under the FAST-41 permitting framework—effectively launching the most aggressive permitting campaign for extractive industries in modern history. Through Executive Order 14241, the administration is repositioning America’s mining sector as the backbone of its “energy dominance” doctrine, with a clear focus on critical and strategic […]
Agnico Eagle Tells Ottawa: Build the North or Risk Losing It
Agnico Eagle Mines (TSX: AEM) is urging the incoming federal government to establish a formal Arctic strategy, citing growing US interest in the region mounting geopolitical pressure. “It’s noise,” said Chairman Sean Boyd, referencing President Donald Trump’s flippant remark about Canada becoming the 51st US state. “But as a country, we have to take it […]
Sunoco To Acquire Parkland In US$9.1 Billion Deal
Sunoco (NYSE: SUN) has announced it will acquire Parkland Corporation (TSX: PKI) in a cash-and-equity deal worth US$9.1 billion, including debt—a bold move that consolidates Sunoco’s grip on the fuel supply chain across North America and the Caribbean. The transaction will see Parkland shareholders receive $19.80 in cash and 0.295 SUN units per share, reflecting […]
i-80 Gold Posts Wider Loss, Negative Cash Flow in Q1 2025 Despite Revenue Jump
i-80 Gold (TSX: IAU) closed the first quarter of 2025 with a net loss of $41.2 million, sharply widening from the $19.7 million loss reported a year earlier, despite a rising gold price environment. While revenue climbed 67% to $14.0 million, primarily due to increased gold sales and a significantly higher average realized gold price […]
Giant Mining Encounters Native Copper As Hole MHB-34 Hits 563 Metres Depth
Giant Mining (CSE: BFG) is reporting this morning that it has encountered native copper in ongoing drilling below 1,850 feet of depth at their Majuba Hill Porphyry copper-gold-silver deposit in Nevada.
Skeena Files Permit Applications For Eskay Creek Project
Skeena Resources (TSX: SKE) is reporting this morning that it has made progress on the permitting of its flagship Eskay Creek gold-silver project in British Columbia. The junior developer on April 30 filed a joint permit application under the BC Mines Act and the Environmental Management Act with the BC Major Mine Office. The application […]