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Mali Mining Purge: 90+ Exploration Permits Hit Across Gold, Uranium

Mali has revoked more than 90 mining exploration permits under a government decree, citing widespread non-compliance with new legal requirements and naming specific local subsidiaries of the likes of Harmony Gold Mining, IAMGOLD, Cora Gold, and Resolute Mining. The mines ministry said permit holders were asked to submit documents under new rules and that verification […]

Ottawa Signals Staff Cuts As Federal Budget Targets ‘Workforce Adjustments’

The Carney government will use next week’s federal budget to reduce the size of the public service through “workforce adjustments” that include layoffs, Finance Minister François-Philippe Champagne said. Government sources say the plan will right-size the workforce to cut operating costs and redirect money to priority investments. Champagne told an audience at the National Gallery […]

Cenovus Energy Q3 2025 Net Earnings Jump 57% On Record Output

Cenovus Energy (TSX: CVE) reported Q3 2025 net earnings of $1.3 billion, up 57% year over year from $820 million, as total revenue increased to $13.2 billion on record upstream production and a 99% downstream utilization rate. Total operating margin rose to $3.0 billion from $2.4 billion in Q3 2024. Segment revenue: upstream revenue was […]

Formation Metals Expands Drill Program To 30,000 Metres After Raising $8.5 Million

Formation Metals (CSE: FOMO) has expanded their drill program from an initial 10,000 metre program to 30,000 metres. The expansion follows the completion of a $8.5 million private placement conducted by the company that saw LIFE units sold at $0.37 per each, alongside flow through units that were sold at $0.41 per each. The drill […]

Probe Gold To Be Acquired For $3.65 A Share By Fresnillo

M&A activity is back on the table within the mining sector following a brief lull in the market. Probe Gold (TSX: PRB) is the latest name to be targeted for acquisition, although it has an unexpected acquirer: Fresnillo. The latest arrangement will see Fresnillo, who is the world’s largest primary silver producer and the largest […]

Eldorado Gold Q3 2025: Net Earnings Fell, Guidance Tightened

Eldorado Gold (TSX: ELD) posted its Q3 2025 results, posting revenue of $434.7 million, up 31% from $331.8 million a year ago as the average realized gold price rose to $3,527 per ounce from $2,492. Earnings from mine operations rose to $207.8 million from $126.5 million as price strength outpaced cost growth. Cost of sales […]

Ring of Fire Road Construction Accelerates With $40M From Ontario, Webequie

Ontario and Webequie First Nation signed a partnership to accelerate road construction into the Ring of Fire, with the province committing nearly $40 million to community infrastructure and early works tied to the Webequie Supply Road. The funding will build a community centre with an arena, replace the airport terminal that recently burned down, and […]

Alamos Gold Triples Net Income In Q3 2025, Cuts Production Guidance

Alamos Gold (TSX: AGI) reported Q3 2025 revenue of $462.3 million, up 28% from $360.9 million a year earlier, which together with a $218.8 million impairment reversal lifted net income to $276.3 million or $0.66 per share, more than triple the $84.5 million or $0.20 per share in Q3 2024. Gold sales fell to 136,473 […]

Ottawa Targets Firm Offtake Deals In G7 For Critical Minerals

Canada said it will use this week’s G7 ministers’ meeting in Toronto to prioritize critical minerals offtake agreements and related tools that move the bloc from talks to firm commitments, according to Natural Resources Minister Tim Hodgson. Hodgson said the G7 will fund “several types of tools” to secure critical minerals, citing price floors backed […]

Ivanhoe Mines Q3 2025 Profit Slips 71% On JV Contribution Drop

Ivanhoe Mines (TSX: IVN) reported profit of $31 million for the third quarter of 2025, down from $108 million in the same period in 2024, as weaker contributions from the Kamoa-Kakula joint venture and higher costs more than offset new revenue from Kipushi and strong financing inflows. Revenue rose to $129.4 million in Q3 2025 […]