Carney Turned Down Shopify President Role Before Joining Brookfield
Canadian e-commerce giant Shopify (NASDAQ: SHOP) offered Prime Minister Mark Carney a job as company president in 2020, before he ultimately joined Brookfield Asset Management (TSX: BAM), according to a former company executive. Craig Miller, who was Shopify’s chief product officer at the time, said the company created the president role specifically to entice Carney […]
Teck Resources Q1 Earnings: Defying Copper Industry Weakness
Yesterday in our coverage of First Quantum Mining’s business we said it was a terrible time to be a copper producer. But maybe it was an operator issue after all. Because Teck Resources (TSX: TECK.B) on Thursday morning posted their first quarter financial results.. And quite frankly, they seem to be doing better than ever. […]
Equinox Ups Its Offer For Calibre: Investors Said No!
All right guys, we’ll admit it. We messed up. Over the weekend we heard rumblings that Calibre Mining (TSX: CXB) and Equinox Gold (TSX: EQX) didn’t have the votes to proceed with their combination. We had intentions of covering it earlier this week, but well, it’s been a busy week for M&A and major earnings, […]
First Quantum Q1 Earnings: Copper Major Still Bleeding Cash
While the gold business may be booming, the copper business.. Is not. While gold majors such as Newmont continue to print money despite their operational performance, copper majors find themselves in a bit of a different scenario. Copper pricing is often treated as a measure of the economy, and the last time I checked, the […]
Barrick’s $1 Billion Donlin Gold Sale: Why Everyone Agrees It’s a Win
The run in the price of gold evidently has majors interested in selling off assets. After Newmont’s massive divestiture program which finished up last week, Barrick Gold (TSX: ABX) has now announced that they are selling off a major asset. But this isn’t an operating mine like the majority of Newmont’s sales. Instead, it’s an […]
Agnico Eagle Q1 Earnings: Costs Go Down?!
Another gold major has reported their first quarter financial results and you guessed it. The jump in the price of gold has translated to great returns for the major. Of course, we are referring to Agnico Eagle Mines (TSX: AEM), who is just barely the second largest gold producer by market cap. Despite producing about […]
Why Gold Is Secretly Flooding Into The U.S. & Who’s Suppressing Silver?! | Andy Schectman
In this interview, Andy Schectman from Miles Franklin delivers an analysis of the current gold market, revealing critical insights into central banks’ aggressive physical gold accumulation. Schectman explores the significant shifts in precious metals markets, including the LBMA’s unexpected change to T+8 week settlement and its implications for physical supply. Drawing from his expert perspective, […]
Gold @ $3500: All We Need Is $700 To Break Even! | Brad Kitchen – ESGOLD Corp.
In this interview, Brad Kitchen, President of ESGold Corp. (TSXV: ESAU), provides insights into the company’s innovative approach to gold and silver production at the fully permitted Montauban project in Quebec. Kitchen details the company’s strategy to launch a pilot plant by Q3, with a low break-even cost of US$700 per ounce.
Canada Is Nearly Last In Growth Among OECD Countries
Canada ranks near the bottom of OECD countries in real GDP per capita growth from 2015 to 2024, according to data visualized by IceCap Asset Management using IMF projections. Canada’s real GDP per capita growth adjusted for purchasing power parity reached only 2.1% over the 10-year period—placing it 37th out of 38 OECD nations. By […]
Westhaven Gold PEA: Small Mining Projects See Massive Value Surge
The insane rise in the price of gold is starting to have a major impact on projects coming down the pipe. Projects that are deemed to be small in size are now starting to see massive net present values assigned to them. Because well, despite the rise in gold, the cost to extract that gold […]