Bitcoin Price At Six-Month Low, Triggering Liquidation Surge And Losses
The crypto ecosystem is experiencing a sharp unwind of leveraged positions, with liquidations exceeding $800 million in the past 24 hours and total market-cap losses approaching 30% since October 6. The flagship asset bitcoin has dropped below key thresholds, for instance slipping under $93,000 for the first time since May. Data from FXStreet show roughly […]
Indonesia Launches Export Duties In A Soft Start Towards Gold Nationalization
Indonesia is using a new tiered export duty on gold to pursue a rather ‘soft’ nationalization of the metal, redirecting value from miners and traders toward domestic processing, financial markets, and the government balance sheet. The Ministry of Finance plans to introduce the gold export duty by the end of next year, with the framework […]
Venezuela Mobilizes 200,000 Troops as US Labels Cartel Terrorist Group
Secretary of State Marco Rubio announced Sunday that the United States will designate Venezuela-based Cartel de los Soles as a Foreign Terrorist Organization, effective November 24, as tensions between Washington and Caracas reach their highest point in years. The designation came hours after the USS Gerald R. Ford, the world’s largest aircraft carrier, entered the […]
Who Is To Blame For Budget 2025 Passing?
Canada’s Budget 2025 passed following a 170–168 vote in the House after four opposition MPs abstained, creating a narrow path for Prime Minister Mark Carney’s fiscal plan to survive despite loud criticism from both the Conservatives and the NDP. Conservative MPs Matt Jeneroux and Shannon Stubbs did not vote, while NDP MPs Gord Johns and […]
Canadian Pipeline Companies Plan Expansions to Ease Export Bottlenecks
Canadian pipeline companies are advancing expansion projects that could add more than 1 million barrels per day of oil export capacity over the next five years through optimizations of existing systems. Enbridge Inc. (TSX: ENB) (NYSE: ENB), the country’s largest pipeline operator, announced Friday a final investment decision on a $1.4 billion expansion that will […]
Canacol Energy Files For Creditor Protection As Debt Comes Due
Canacol Energy (TSX: CNE) is headed to creditor protection. The company this morning indicated that they have made a filing with the Court of King’s Bench of Alberta under the Companies’ Creditors Arrangement Act in order to pursue a restructuring. The need for restructuring comes as the company is set to face a liquidity crisis […]
Ford Partners with Amazon to Sell Certified Used Vehicles Online
Ford Motor Co. (NYSE: F) announced Monday it will allow franchised dealers to sell certified pre-owned vehicles through Amazon (Nasdaq: AMZN), expanding the automaker’s online sales presence. The partnership enables customers to browse inventory, arrange financing, and complete paperwork online through Amazon Autos before scheduling vehicle pickup at participating dealers. The program launches in Los […]
Equinox Gold Reports Commercial Production At Valentine
Equinox Gold (TSX: EQX) has achieved a major milestone, with the company this morning officially declaring commercial production at their new Valentine Gold Mine. The designation marks a second cornerstone asset within their portfolio now hitting fully operation. The designation follows the processing plant at the mine averaging 5,451 tonnes per day for the last […]
Canadian Copper Set To Submit Environmental Impact Assessment In H1 2026 For Murray Brook
Development continues at Canadian Copper’s (CSE: CCI) Murray Brook project, with the company this morning providing a brief update on the status of the project following the recent close of a $15 million funding round.
First Mining Updates Economics On Springpole, Outlines US$2.1 Billion After Tax NPV
First Mining Gold (TSX: FF) has released an updated pre-feasibility study for their Springpole Gold project, found in Ontario. The revised study serves as an updated to the PFS that was originally released back in January 2021. The updated study is based on a 30,000 tonne per day open pit mining operation, which is now […]