Sprott Physical Gold Trust To Raise Up To $1.0 Billion To Buy More Gold
The Sprott Physical Gold Trust (TSX: PHYS) is looking to buy more gold. The entity this morning announced that it has updated its current at-the-market program to issue up to US$1.0 billion of units in the trust. Proceeds from those issuances would then in turn be used to acquire further physical gold. Sales of the […]
Mako Mining Posts 2024 Adjusted EBITDA Of $42.2 Million
Mako Mining (TSXV: MKO) has reported its fourth quarter and full year 2024 financial results, headlined by record gold sales of $28.9 million in the fourth quarter, and $92.1 million for the full fiscal year. The record revenue figure in the fourth quarter follows Mako selling 10,888 ounces of gold at an average realized price […]
Torex Gold Sees Q1 Production Crater After Downtime For Media Luna Tie-In
Torex Gold (TSX: TXG) has reported a down quarter for production following a four week tie-in period related to the addition of flotation circuits at its processing plant. Following the tie-in however, the company managed to produce its first precious metal rich copper concentrate, following the launch of operations at the Media Luna underground mine. […]
Lundin Gold Sees Gold Production Improve 5% Year Over Year In First Quarter
Lundin Gold (TSX: LUG) has seen a slight improvement in gold production in the first quarter. The company this morning reported Q1 production of 117,313 ounces of gold, a 5% improvement on a year over year basis. Production during the quarter amounted to 75,494 ounces of concentrate and 41,819 ounces in the form of dore. […]
Aya Gold Produces 1.1 Million Ounces Of Silver In Q1
After a rough 2024, operations in 2025 are looking better for Aya Gold & Silver (TSX: AYA), who reported record production figures for the first quarter of 2025 this morning. Production in the first quarter at Aya’s Zgounder Silver Mine has nearly tripled, going from 366,362 ounces of silver in Q1 2024, to 1.1 million […]
China Raises Tariffs On US Goods To 125%, Signals End To Tariff Hikes
The trade war between the United States and China has continued to escalate this morning, with China again responding to the latest tariff hike by the United States. China this morning indicated it had raised its retaliatory tariffs on American goods from 84% to 125%, which follows the US raising its own tariffs against China […]
Trump One Step Closer to Powell Firing Power After Roberts’ Ruling
Chief Justice John Roberts has issued an order allowing President Donald Trump to temporarily remove officials from two independent federal agencies while the Supreme Court decides a potentially landmark case on presidential power. The Wednesday order puts on hold a lower court decision that had reinstated National Labor Relations Board member Gwynne Wilcox and Merit […]
Is US Shale Running Out of Time?
Shale oil producers in the US find themselves under immense pressure as crude prices sink and global competition intensifies. Bryan Sheffield, managing partner of privately held Formentera Partners, has described the situation as “a blood bath,” urging drillers to cut rigs and “hunker down to let the tariff war play out.” Sheffield’s stance highlights the […]
New China Package Tariffs Set to Impact Temu, Shein
President Donald Trump signed an order on Tuesday to raise duties on packages valued under $800 from China to 90% of their value, or a flat fee of $75 per item, effective May 2. The flat fee will increase to $150 after June 1. The tariff hike is expected to significantly impact Chinese e-commerce platforms […]
Canadian Business Outlook Clouded by Trade Tensions, Bank of Canada Survey Finds
Two-thirds of Canadian businesses expect their costs to rise and most would increase selling prices if widespread tariffs are implemented, according to the Bank of Canada’s Business Outlook Survey for the first quarter of 2025 released on Monday. The survey reveals a sharp deterioration in business sentiment driven by trade conflict with the United States, […]