Musk Admits Cutting Federal Spending By $2 Trillion May Be a Long Shot
In a live-streamed conversation with Stagwell CEO Mark Penn on Wednesday, Elon Musk conceded that his ambitious goal of reducing federal spending by $2 trillion may be unrealistic. Musk, appointed by U.S. President-elect Donald Trump to lead the newly-conceptualized Department of Government Efficiency (DOGE), admitted that a more plausible target is $1 trillion, a figure […]
Aura Minerals Produces 267,232 Gold Equivalent Ounces In 2024
Aura Minerals (TSX: ORA) this morning released preliminary production results for the fourth quarter, while indicating it has achieved its 2024 guidance. The company in Q4 saw production of 66,473 gold equivalent ounces across its four operating mines. Production during the quarter consisted of 6,987 ounces of gold, 146,187 ounces of silver, and 9.4 million […]
Tilray Brands Posts Net Loss Of $85 Million In Q2 2025
Tilray Brands (TSX: TLRY) this morning reported its second quarter financial results, posting topline revenue of $211 million for the three month period ended November 30, 2024. “In our fiscal second quarter, Tilray achieved strong results while making significant progress on our strategic plan. Our dedication to operational excellence has improved Gross Margins, Gross Profit, and […]
Gatos Silver Beats Production Guidance With 15.57 Million Silver Equivalent Ounces Produced In 2024
Gatos Silver (TSX: GATO) has managed to hit the top end of its guidance for 2024 production. The company this morning indicated that Cerro Los Gatos produced 15.57 million silver equivalent ounces in 2024 on a 100% basis, exceeding revised guidance of 14.7 to 15.5 million ounces. The fourth quarter specifically saw 2.58 million ounces […]
New Gold Comes Up Short On Guidance With 2024 Production Of 298,303 Gold Ounces
The production results for the fourth quarter of 2024 are in for New Gold (TSX: NGD). Production totaled 80,438 ounces of gold along with 14.5 million pounds of copper, which is said to represent the strongest production quarter of the year for the company. Production during the quarter came from the New Afton and Rainy […]
Freeland Eyes Liberal Leadership As Party Sets March 9 Vote
Former Finance Minister Chrystia Freeland has begun consulting with colleagues about leading Canada’s Liberal Party, as the governing party announced plans on Thursday for a March 9 vote to select Prime Minister Justin Trudeau’s successor. Freeland, whose resignation from cabinet last month precipitated Trudeau’s downfall, served as Canada’s chief negotiator with the Trump administration during […]
Loblaws, Groceries Accused of Overcharging Canadians for Underweighted Meat
An investigation has reportedly revealed widespread overcharging at major grocery chains in Canada, with stores selling underweighted meat and charging customers for packaging weight. This issue, which has persisted for years, is resurfacing as food prices remain a source of strain for many Canadians. The investigation identified underweighted meat packages at stores owned by Loblaw […]
Canada Finance Minister LeBlanc Won’t Seek Liberal Leadership
Canadian Finance Minister Dominic LeBlanc rejected a bid for Liberal Party leadership on Wednesday, days after Prime Minister Justin Trudeau’s decision to step down. Trudeau announced on Monday that he would leave his position once the party selects a new leader. LeBlanc, a seasoned parliamentarian and recently installed finance minister, had emerged as a potential […]
Bitcoin Investor Must Hand Over Keys to $124 Million Crypto Cache
A federal judge has ordered an Austin Bitcoin investor to surrender passcodes to unlock cryptocurrency worth about $124 million, following his two-year prison sentence last month for tax fraud. Frank Richard Ahlgren III must disclose the codes and identify storage devices for digital assets he allegedly moved through a cryptocurrency mixing service in 2020, US […]
Czech Republic to Boost Nuclear Power to 68%, Phase Out Coal in Energy Overhaul
The Czech Republic has submitted an updated national energy plan to the European Commission that sets an aggressive timeline for coal phase-out by 2033 while dramatically expanding nuclear power’s role in its energy mix. Under the jointly developed plan from the industry and environment ministries, nuclear power will become the cornerstone of the country’s electricity […]