Gold Surges to Record $3,400 Amid Global Economic Uncertainty
Gold prices continued their historic rally on Monday, reaching a new all-time high of $3,424.66 per ounce as investors seek safe-haven assets amid ongoing economic uncertainties. According to data from goldprice.org, the precious metal has gained $109.53 (3.3%) in today’s trading session alone. The surge of gold has been particularly pronounced in recent months, with […]
MicroStrategy Acquires 6,556 Bitcoin For $555.8 Million
MicroStrategy (NASDAQ: MSTR) has once again purchased more bitcoin following the sale of its shares on the open market via an at-the-market financing. The company has acquired an addition 6,556 bitcoin, at an average purchase price of $84,785 per bitcoin, for a total purchase price of $555.8 million. MicroStrategy now holds 538,200 bitcoin at an […]
Mako Mining Records Gold Sales Of 10,817 Ounces In Q1
Mako Mining (TSXV: MKO) this morning released preliminary first quarter results, highlighted by the production of 12,228 ounces of gold as well as 12,740 ounces of silver. The production results come solely from Mako’s flagship San Albino operation in Nicaragua, with the mine milling on average 608 tonnes per day. Recoveries were stated to sit […]
Tesla Faces Class Action Lawsuit Over Alleged Odometer Manipulation
A Tesla (Nasdaq: TSLA) owner in California has filed a class-action lawsuit claiming the electric vehicle manufacturer artificially speeds up odometers, causing warranties to expire prematurely and saving the company from paying for repairs. Lead plaintiff Nyree Hinton purchased a used Model Y in December 2022 with 36,772 miles and soon noticed irregularities with the […]
Kinross Gold: Fire Shuts Down Their Largest Operation
If you want an indicator for just how positive gold sentiment is right now, Kinross Gold (TSX: K) is perhaps one of the best indicators at the moment. The company on Tuesday announced that milling operations were halted at the largest mine within their portfolio following a fire. And yet as of mid-day, the equity […]
Gold, Risk, & Geopolitics: Fortuna Mining Exits Burkina Faso
Fortuna Mining (TSX: FVI) evidently wants out of the Burkina Faso business. On Friday, the company announced that they have entered into an agreement to not only sell their operating mine within the country, but their exploration assets too. Commenting on the matter, CEO Jorge Ganoza cited the “increasingly challenging business climate” within the country […]
California Files Legal Challenge Against Trump Tariffs
California has filed a lawsuit against the Trump administration in what marks the first time a state has sued over the president’s use of tariffs, challenging his authority to impose sweeping import duties that have upended global trade. The lawsuit, filed Wednesday in the US District Court for the Northern District of California, argues that […]
Global Trade to Contract in 2025 on Tariff Uncertainty, WTO Says
The World Trade Organization cut its 2025 trade forecast on Thursday, projecting a 0.2% contraction in global merchandise trade volume as tariff increases and policy uncertainty weigh on the global economy. The revised outlook represents a dramatic 3 percentage point reduction from earlier projections that had anticipated continued expansion, the WTO said in its April […]
‘Do You Believe the Polls?’ Campaign Fuels Ford-Poilievre Feud
Speculation that Ontario Premier Doug Ford orchestrated a viral “Do You Believe the Polls?” campaign to undermine federal Conservative Leader Pierre Poilievre has persisted despite evidence linking the initiative to private citizens with no political affiliations. The Toronto Sun identified Mississauga residents Paul and Shara Micucci as the creators of the controversial messaging that appeared […]
Mako Mining Q4 Earnings: Holding Steady
Fourth quarter earnings are now steadily rolling in from the small scale producers out there, and well, in this environment, it seems most are making money. Then again, it’s kind of hard not to when the price of gold is consistently hitting new all time highs. Mako Mining (TSXV: MKO) is the latest to report […]