Canadian Housing Starts Surge In November, Driven by Multi-Unit Projects
Canada’s housing market showed unexpected vigor in November, with housing starts rising 8% to a seasonally adjusted annual rate of 262,443 units, according to data released by the Canada Mortgage and Housing Corporation on Monday. This increase, primarily fueled by multi-unit projects in Quebec, Alberta, and British Columbia, surpassed economists’ expectations and marked a significant […]
Radisson Mining Hits 31.24 g/t Gold Over 8.0 Metres
Radisson Mining (TSXV: RDS) has intersected substantial gold mineralization at depth at its O’Brien Gold project in Quebec. The intersect follows an exploratory hole that was drilled to a depth of 1,700 metres. The hole represents the deepest drilling conducted to date at O’Brien, and was conducted directly below historic mine workings. Highlights from the […]
Lucero Energy Acquired For US$222 Million In All-Stock Transaction
Lucero Energy (TSXV: LOU) is set to be acquired by Vitesse Energy (NYSE: VTS) in an all-stock transaction. The deal sees Lucero valued at US$222 million on a fully-diluted basis. The arrangement will see the acquisition of Lucero be immediately accretive to Vitesse’s earnings, operating cash flow, free cash flow, and net asset value. The […]
Canada Nickel Secures $20 Million Investment Via Secured Convertible Note
Canada Nickel Company (TSXV: CNC) has secured a $20 million investment from Taykwa Tagamou Nation, a First Nation band based in Northern Ontario. The investment will come in the form of a convertible note. “This transaction demonstrates what is possible when industry and First Nations work together towards a common goal. [..] We are excited […]
Canada’s Inland Asylum Claims Surge Nearly 400% in Three Years
Canada is experiencing an unprecedented rise in inland asylum claims, with numbers approaching 100,000 in 2024 — nearly quadruple the figures from just three years ago — as newly revealed government documents show staggering costs associated with housing asylum seekers. According to a March 2024 ministerial response, the government spends $140 per night for each […]
Jaguar Mining: Disaster In Brazil
In what has been a terrible year for optics for the mining industry, there has been another collapse at a mine operated by a Canadian company. The latest incident can be attributed to Jaguar Mining (TSX: JAG), who this past weekend saw a collapse occur at its Turmalina Mine in Brazil. And while there have […]
A Silver Revival in the Golden Triangle | DD On the Go: Episode 2 With Dolly Varden
In this episode of DD On the Go, we journey to Northern BC to explore Dolly Varden Silver’s (TSXV: DV) ambitious mining project in the legendary Golden Triangle. Mining has always been a gamble, and nowhere is this more evident than in this region, steeped in a history of boom and bust cycles.
Torex Gold Tragedy Sparks National Mining Review in Mexico
December is just not a good month for Canadian miners. The latest screw up comes from Torex Gold (TSX: TXG) in Mexico, and this one.. Is a bad one. National headline news bad. President of a country stepping in to manage the situation bad. National review of the ENTIRE mining industry bad. Lets dive in. […]
Palisades To Acquire Radio Fuels: A Lesson On Money Flows In Capital Markets
Another gold company is getting involved in the uranium space. Or, at least that’s what it looked like on the surface this week when Palisades Goldcorp (TSXV: PALI), an investment firm focused on the gold space, announced that it was acquiring Radio Fuels Energy (CSE: CAKE), who is known for its uranium asset in Ontario. […]
Newmont Cuts Management Jobs, Merges Units After Newcrest Deal
Gold miner Newmont Corp (TSX: NGT) has dismissed nearly a dozen managers including one executive as part of a corporate restructuring, which follows its $15 billion acquisition of Newcrest Mining late last year, according to people familiar with the matter. The company plans to consolidate its five business units into three, eliminating standalone divisions overseeing […]