Ivanhoe Mines Sees Q4 2024 Earnings Miss Estimates, Bets Big On Portfolio In 2025
Ivanhoe Mines (TSX: IVN) released its Q4 and full-year 2024 results, posting a net profit of $193 million, equating to $0.17 per basic share, for the year compared with $303 million or $0.26 per basic share in 2023. On a normalized basis, 2024 profit reached $386 million ($0.32 per share), marginally down from $388 million […]
Allied Gold Guides To 387,500 Ounces Of Gold Production In 2025
Allied Gold (TSX: AAUC) has released its guidance for 2025, calling for production of 375,000 to 400,000 ounces of gold for the year. The figure represents growth of 8% on a midpoint basis from 2024’s production level of 358,091 ounces. The guidance is said to be based on Allied’s fourth quarter performance, which saw the […]
Blackrock Silver Hits 714 g/t Silver Equivalent Over 4.7 Metres Under Infill Drill Program
Blackrock Silver (TSXV: BRC) has encountered high grade silver and gold at its Tonopah West project in Nevada. The mineralization was intersected as part of a drill program focused on converting inferred resources to measured and indicated, in support of the mine plan laid out by a PEA released in September for the project. Highlights […]
Ascot Resources Looks To Raise $60 Million At Just $0.115 A Unit For Premier Gold Restart
Ascot Resources (TSX: AOT) has returned to the market again in an attempt to fund the restart of its Premier Gold Project. The latest financing, co-led by BMO Capital Markets and Desjardins Capital Markets, will aim to raise between $60 million and $65 million, at $0.115 per unit on a best efforts basis. Each unit […]
Canadian Home Listings Surge in January Amid Trade Tensions
New home listings across Canada jumped 11% in January from December, marking the largest monthly increase since the 1980s outside of pandemic-related swings, the Canadian Real Estate Association reported on Wednesday. National home sales fell 3.3% month-over-month in January, with the decline mostly occurring in the last week of the month amid rising trade tensions […]
USDA Seeks to Ban Chinese Purchase of US Farmland
Agriculture Secretary Brooke Rollins plans to stop Chinese entities from buying American farmland, signaling new federal restrictions on foreign ownership. “No doubt people are concerned about this and rightly want American farmland to be owned by Americans,” Rollins told Breitbart News in her first non-trade media interview on Friday. More than two-thirds of US states […]
Digging Deep On DOGE’s “$55B Savings”
In their newly released webpage, Elon Musk’s Department of Government Efficiency claims to have saved taxpayers a hefty $55 billion. However, critics say these inflated figures might be more fiction than fact. The most generous reading alleges that DOGE officials double-counted, conflated multi-year contract values with immediate savings, and in some cases, misread figures by […]
Will The Trudeau’s Train Project, Alto, Leave The Station Before He Does?
Prime Minister Justin Trudeau is forging ahead with what he calls “the largest infrastructure project” in Canadian history, revealing plans for a high-speed rail network that will connect Toronto and Quebec City at speeds of up to 300 kilometres per hour. Branded as Alto, this new development will traverse approximately 1,000 kilometres and drastically cut […]
Hudbay Minerals Shares Crash On Q4 2024 Results
Hudbay Minerals (TSX: HBM) released its fourth-quarter and full-year 2024 financial results, with annual revenue of $2.02 billion, up from $1.69 billion in 2023, primarily driven by strong copper and gold prices, coupled with record gold output. Quarterly revenue totaled $584.9 million, slightly below the $602.2 million reported in the same period of 2023 but significantly higher than the $485.8 million recorded […]
Carney’s Pipeline Promises Seem To Be Lost In Translation
Canadian Liberal leadership frontrunner Mark Carney faces accusations of doublespeak after making contradictory statements about pipeline development in English and French. Carney told English-speaking audiences he would accelerate pipeline approvals across Canada, while telling French speakers he would not proceed without Quebec’s consent, according to videos circulating on social media. “We as a nation need […]