Guanajuato Silver Sees Losses Widen In Q3 As Capital Improvements Takes Focus
Guanajuato Silver (TSXV: GSVR) this morning released the results of their third quarter, posting topline revenue of $16.3 million, down 12% from the second quarter. Revenue in the second quarter follows the sale of 521,919 silver equivalent ounces at an average realized price of $39.03 per ounce. Silver equivalent sales were down 19% from 648,313 […]
Montage Gold To Acquire African Gold For US$170 Million
Montage Gold (TSX: MAU) has growth on their mind. The company this morning indicated that they have entered into an arrangement to acquire the ASX-listed African Gold Limited, which follows an initial investment made in the explorer back in March. Under the terms of the arrangement, African Gold shareholders are set to receive 0.0628 of […]
Canadian Climate Minister Guilbeault Resigns Over Alberta Pipeline Deal
Steven Guilbeault resigned from Prime Minister Mark Carney’s cabinet on Thursday, protesting a federal agreement that advances Alberta’s proposed oil pipeline to the Pacific coast. The longtime climate advocate and former environment minister cited fundamental opposition to the deal’s environmental impact. Guilbeault announced his departure as minister of Canadian identity and culture within hours of […]
HSBC Warns OpenAI Needs $207B More by 2030 Even With $200B-Plus Revenue Forecast
HSBC says OpenAI could need more than $200 billion in additional funding by 2030 to sustain its rapid expansion, warning that the company’s scale-up may outpace even aggressive revenue growth. HSBC’s analysis, detailed in reporting by the Financial Times, projects that OpenAI will remain unprofitable through the decade as compute requirements, cloud commitments, and infrastructure […]
Property Owners Sue BC, Federal Governments Over Land Title Ruling
Property owners in British Columbia have filed a class action lawsuit against provincial and federal governments, alleging they knowingly misled the public about land title security while aware of unresolved Indigenous claims. The lawsuit, filed November 21 in BC Supreme Court, stems from an August ruling that granted the Cowichan Nation Aboriginal title to approximately […]
After Joly Said “Look” At Stellantis Contracts, Deputy Says She Didn’t
Industry Minister Mélanie Joly is facing scrutiny after her deputy told a Commons committee she never read the full $15-billion Stellantis agreement she has publicly defended, even as the automaker moves toward cuts affecting roughly 3,000 Canadian workers. Blacklock’s Reporter said Deputy Industry Minister Philip Jennings testified at the Commons government operations committee that Joly […]
Canadian Propane Export Terminal Faces Strike as Labor Disputes Continue to Plague Ports
Workers at Canada’s first propane export terminal launched a strike Thursday, marking the latest labor disruption to hit the country’s port infrastructure and threatening energy exports to Asia. The International Longshore and Warehouse Union Local 523B began strike action at the Ridley Island Propane Export Terminal on November 27, following unsuccessful contract negotiations with AltaGas […]
Ontario Approves $26B Pickering B Nuclear Refurbishment
Ontario has approved a full refurbishment of the Pickering Nuclear Generating Station’s B site, described as a roughly $26.0 to $26.8-billion capital decision to return about 2,200 MW of firm capacity to the grid while supporting 30,500 jobs during construction and 6,700 jobs during ongoing operations. On operating performance, Pickering’s 2023 energy production of 21.5 […]
Liberal Exodus: Who Might Be Exiting Carney’s Government?
Rumours of multiple Liberal MPs leaving caucus have converged into a single operational risk for Mark Carney’s government: safe-seat departures that force synchronized by-elections while ideological and career tensions stack up inside cabinet and on the backbench. The latest flashpoint is a report that Industry Minister Mélanie Joly is eyeing an exit from caucus, framed […]
Barrick Mining Settles Mali Mine Dispute With $430 Million Payment
Canadian mining giant Barrick Mining (NYSE: B) has agreed to pay $430 million to settle a two-year dispute with Mali that shuttered one of Africa’s largest gold mining operations, according to sources familiar with the deal. The settlement, finalized Monday, ends a contentious standoff over the Loulo-Gounkoto complex that began when Mali implemented a new […]