Ford Government Terminates $100M Starlink Contract Over Trump Tariffs
Ontario has officially terminated its $100 million contract with Elon Musk’s Starlink satellite internet service, following through on Premier Doug Ford’s threat to cut ties with the company in retaliation for US tariffs on Canadian goods. Energy and Mines Minister Stephen Lecce confirmed the cancellation Wednesday but declined to reveal the cost of ending the […]
Trump Closes De Minimis Loophole for All Countries, Ending Duty-Free Shipping
President Donald Trump on Wednesday signed new trade restrictions that will end duty-free treatment for small packages from all countries, expanding his administration’s crackdown on what officials call an exploited shipping loophole. The executive order will implement new tariffs starting August 29 on imported goods valued at $800 or less, regardless of origin. This broadens […]
Chile Election Will Decide Fate of World’s Largest Copper Producer
Chileans will head to the polls on November 16 to elect a president who will determine the fate of the country’s mining sector, including the debt-laden state copper giant Codelco and the nation’s emerging lithium industry. The election pits Communist candidate Jeannette Jara, who favors continued state control, against right-wing contenders Evelyn Matthei and José […]
Copper Prices Plunge 20% as Trump Exempts Refined Metal from Tariffs
Copper markets experienced unprecedented volatility Wednesday, with futures dropping nearly 20% after President Donald Trump’s administration clarified that refined copper would be excluded from the new 50% import duties. The policy announcement triggered a sharp selloff, with prices falling from above $5.70 per pound to approximately $4.55 — the most severe single-session decline in decades […]
Sponsored · Selkirk Copper Mines
Trump Penalizes India With 25% Tariff For Buying Russian Oil
President Donald Trump will slap a 25% tariff on every Indian good entering the US beginning August 1, citing New Delhi’s continued purchases of Russian oil and weapons. The measure also carries an unspecified “penalty” tied to those purchases. “India is our friend,” Trump wrote on Truth Social, “but its tariffs on US products are […]
Agnico Eagle Profit Doubles In Q2 2025 as Gold Price Rally Masks AISC Jump
Agnico Eagle Mines (TSX: AEM) rode a 40% jump in realized gold prices to a “record” second quarter. Revenue surged 36% YoY to $2.82 billion from $2.08 billion in Q2 2024, as realized gold price for the quarter jumped to $3,288 per ounce from last year’s $2,342. The increase in the topline seems to be […]
Kinross Gold Sees Q2 2025 Profit Up 152% Due To Gold Price Rally, Masking Output Slip
Kinross Gold (TSX: K) posted its Q2 2025 financials, with quarterly revenue jumping 42% YoY to $1.73 billion from $1.22 billion in Q2 2024. The surge is powered by a 40% lift in the realized gold price to an all-time high of $3,284 per ounce. Production cost of sales edged up just 6% YoY to […]
Alamos Gold Raises Cost Guidance, Upstaging 128% Profit Jump In Q2 2025
Alamos Gold (TSX: AGI) posted a paradoxical second quarter: revenue leapt 32% YoY to $438.2 million from Q2 2024’s $332.6 million, driven by a 38% jump in the realized gold price to $3,223 per ounce and a 10% production rebound. Alongside, cost of sales rose 16% YoY to $200.7 million, compressing the cost-of-sales margin to […]
Sponsored · Selkirk Copper Mines
Cameco Profit Quadruples In Q2 2025 On Westinghouse Gains
Cameco (TSX: CCO) posted a quarterly revenue jump to $877 million in Q2 2025, 47% above $598 million a year earlier. The surge lifted gross profit an identical 47% to $257 million from last year’s $175 million. As a result, net earnings rocketed to $321 million (or $0.74 per share) from just $36 million (or […]
B2Gold Begins Mining Fekola Underground
B2Gold (TSX: BTO) is set to begin underground mining operations at their Fekola Mine in Mali, which follows the receipt of approval the state for underground operations. Stope production has already begun at the underground portion of the complex, which follows 9,300 metres of previously completed development work. Production in 2025 is estimated at 25,000 […]