New Gold Spends $300 Million To Consolidate New Afton Mine Ownership
New Gold (TSX: NGD) is spending big money in an effort to consolidate its ownership of the New Afton Mine, found in British Columbia. The company has reached an agreement with the Ontario Teachers’ Pension Plan to acquire their 19.9% interest in the mine, which will bring New Gold’s ownership to the 100% level. The […]
enCore Energy Boosts Alta Mesa Production Rate To 1,900 Lbs Per Day In March
enCore Energy (TSXV: EU) is reporting this morning that it has increased production rates at its Alta Mesa ISR uranium central processing plant. The facility reportedly saw record production figures over a 26 day period in March, with the company currently expecting to continue this rate of production. Production over the final 26 days of […]
Major IPOs Shelved as Trump’s Tariff Announcement Rattles Markets
At least two major companies have postponed their initial public offerings following market turbulence triggered by President Donald Trump’s sweeping tariff announcement, according to sources familiar with the matter. Swedish fintech giant Klarna Group and ticketing marketplace StubHub Holdings have both paused their IPO plans that were set to begin next week, as the recent […]
ESGold: Coming Production From A Fully Permitted Clean Up Project
ESGold (CSE: ESAU) is a Canadian Securities Exchange-listed issuer with a bit of a different business model – and one that makes a lot of sense. Their plan, in simple terms, is to quickly get into production via the reprocessing of tailings, which will then fund further exploration once cash flow positive.
Aya Gold & Silver Q4 Earnings: A Kitchen Sink Year
Aya Gold & Silver (TSX: AYA) has again disappointed investors with their latest earnings. After labeling the third quarter as a “transition quarter”, well, their fourth quarter results weren’t a whole lot better. And we’re not the only ones who seem to share this sentiment, with the equity on Friday trading down over 15% following […]
Wallbridge Mining Fenelon PEA: Better Luck Next Time
Wallbridge Mining (TSX: WM) has released an updated preliminary economic assessment for their flagship Fenelon Gold project. The prior update, issued in June 2023, was based on a gold price of $1,750. This latest update bumps that figure up to $2,200, with part of the reason for the revised study being the rising price of […]
i-80 Gold Q4 Earnings: What A Mess
There’s good earnings, there’s bad earnings, and then.. There’s whatever i-80 Gold (TSX: IAU) reported for its fourth quarter financial results. Funnily enough, that was our immediate impression on i-80’s third quarter earnings as well, which we discovered after we went back to cross compare notes. But the sentiment remains the same. Because, quite frankly, […]
Sierra Metals: The Hostile Takeover Attempt
Amid all the tariff hubbub on Wednesday, a separate story was quietly brewing for a copper and gold producer focused on Peru. Sierra Metals (TSX: SMT), whom operates two copper-dominated mines, saw a renewed attempt at a hostile takeover that began back in December. Except this time, shareholders were offered a substantial 44% premium to […]
Musk and Hoffman’s Fiery Feud Heats Up
In a recent exchange, Elon Musk publicly accused LinkedIn co-founder Reid Hoffman of funding organizations that he believes are working against him. On his X account, Musk declared, “Reid will have many layers between himself and the organizations attacking me, but the probability is 100% that Reid is funding them. 100%.” Hoffman swiftly responded, saying, […]
Allied Gold Q4 Earnings: Rome Wasn’t Built In A Day
The fourth quarter continues to be a positive one for gold producers, with Allied Gold (TSX: AAUC) on Thursday seeing a positive response from the market for their results. Of course, the company also managed to post the results on a day where gold futures managed to cross the $3,100 mark for the first time, […]