Reddit Reverses With A Net Income In Q1 2025 Due To Improving Revenue
Reddit (NYSE: RDDT) reported its first full first-quarter results since going public in March 2024, posting quarterly revenue of $392.4 million in Q1 2025, up 61% from $243.0 million a year earlier. Ad revenue accounted for $358.6 million (+61% YoY), while other revenue grew 66% to $33.7 million. US market contribution rose 57% to $313.9 […]
Eldorado Gold’s Revenue Upswing In Q1 2025 Can’t Mask Surge In Costs
Eldorado Gold (TSX: ELD) posted its Q1 2025 financials, generating $355.2 million in revenue in Q1 2025, up from $258.0 million in Q1 2024, buoyed by an average realized gold price of $2,933 per ounce—up 41% year-over-year. The upswing comes despite gold sales being relatively flat at 116,263 ounces versus 116,008 ounces in the prior […]
Equinox Gold And Calibre Mining Secure Shareholder Approval For Merger
The proposed merger between Equinox Gold (TSX: EQX) and Calibre Mining (TSX: CXB) appears to be proceeding, with the two equities last night announcing they had secured shareholder approval to move forward with the transaction. The approval follows the transaction being reworked in favor of Calibre shareholders, after the special meeting of shareholders was delayed […]
Artemis Gold Hits Commercial Production At Blackwater, Releases 2025 Guidance
Artemis Gold (TSXV: ARTG) has officially hit commercial production at their new Blackwater mine in British Columbia. The designation is said to follow the crushing circuit processing on average 17,700 tonnes of material over the last 30 days, while the milling circuit has processed on average 15,300 tonnes of ore per day over the same […]
Trump Removes Waltz as National Security Adviser, Names Him for UN Post
US President Donald Trump removed Mike Waltz as national security adviser on Thursday and said he would nominate him to be ambassador to the United Nations. Multiple sources cited Waltz’s handling of a Signal messaging app incident and perceived management issues as factors in the decision. In March, Waltz acknowledged mistakenly adding a journalist to […]
Blanchet Says ‘No Future’ for Oil and Gas Despite Province Receiving Billions in Equalization
Bloc Québécois leader Yves-François Blanchet said there is “no future for oil and gas” in Quebec and “probably everywhere,” two days after his party lost seats in Monday’s Canadian federal election. Quebec received $13.6 billion in equalization payments from the federal government in the 2024-25 fiscal year, with Alberta’s energy sector being a major contributor. […]
Ivanhoe Mines Posts Record EBITDA, Negative Cash Flow In Q1 2025
Ivanhoe Mines (TSX: IVN) reported first-quarter 2025 earnings that reflect strong top-line growth driven by record copper production at Kamoa-Kakula, yet culminated in a free cash flow shortfall from its flagship joint venture. Kamoa-Kakula generated $973 million in revenue in Q1 2025, marking a 57% increase from $618 million in Q1 2024 and a 14% […]
NDP to Seek Official Party Status Despite Falling Below Threshold
The New Democratic Party will propose retaining official party status in Parliament despite having only seven elected members, well below the 12-seat threshold, one of its surviving MPs said on Wednesday. Don Davies, re-elected in Vancouver Kingsway with 37.2% of the vote, called the 12-seat requirement “arbitrary” and suggested his party would negotiate with the […]
DEA Nominee Views Cannabis Reclassification as Priority, Stops Short of Guarantee
Terrance Cole, tapped by President Trump to lead the Drug Enforcement Administration, testified his administration would make reviewing cannabis’s federal status a top concern while avoiding firm commitments about the outcome. “It’ll be one of my first priorities when I arrived at DEA to see where we are in the administrative process,” Cole told the […]
US, Ukraine Finalize Minerals Agreement After Extended Negotiations
Officials from the United States and Ukraine formalized a bilateral agreement Wednesday establishing a joint fund linked to Ukraine’s mineral and rare earth assets, acknowledging American financial support that has reached $175 billion since the Russian invasion began. The accord, signed by Treasury Secretary Scott Bessent and First Deputy Prime Minister Yulia Svyrydenko, concludes negotiations […]