Magino Drives Alamos Gold to Revenue Record, Yet Rising Costs Mean Missed Earnings
Alamos Gold (TSX: AGI) presented a mixed set of financials in its third-quarter 2024 results, underscoring significant revenue growth but revealing a softer bottom line than anticipated. For the quarter ending September 30, the Toronto-based gold producer reported record revenue of $360.9 million, a 41% year-over-year increase from $256.2 million in Q3 2023. This was […]
New Found Gold To Deliver Maiden Resource, PEA In Q2 2025
New Found Gold (TSXV: NFG) is finally moving the development of its Queensway Project forward, announcing last night that it has engaged SLR Consulting to conduct both a maiden resource estimate, as well as a preliminary economic assessment for the massive project. Despite over a half a million metres of drilling being conducted on the […]
Stellantis to Cut 1,100 Jobs at Ohio Jeep Plant
Stellantis (NYSE: STLA) announced Wednesday the layoff of approximately 1,100 workers at its Toledo, Ohio facility that produces the Jeep Gladiator. The decision, effective January 5, will reduce the South Assembly Plant’s operations from two shifts to one as part of broader efforts to improve efficiency and manage inventory across North America. The automaker’s workforce […]
Trulieve Q3 Earnings: Amendment 3 Fails
Trulieve (CSE: TRUL) has reported its third quarter earnings results. And while the stock may have been down by 8% as of the end of day, we’re not sure it matters. At the time of recording, its November 5, 2024. Which means election day in the United States. More importantly for Trulieve, its ballot voting day […]
Kinross Q3 Earnings: Crushing Expectations
Kinross Gold (TSX: K) has reported its third quarter financial results and refreshingly, the company has beat expectations. Immediately following the results the gold producer actually saw positive momentum, as it was one of the few miners to meet expectations this earnings cycle. Lets dive in. Information for this briefing was found via Sedar and […]
Canadian Dollar Hits Two Year Low Following Trump’s Election
The Canadian dollar has hit a two year low following the result of yesterdays presidential elections in the United States, following the election of Donald Trump for a second term. The US dollar hit a high of $1.3959 per Canadian dollar, a level which marks a two year low for the Canadian dollar. The surge […]
Athena Gold 2.0: New CEO Combines Nevada Resource with Red Lake Discovery Potential | Koby Kushner
In this interview, Koby Kushner, CEO of Athena Gold Corporation (CSE: ATHA), discusses the company’s strategic transformation into “Athena 2.0” and their focus on two flagship gold assets. Kushner outlines the company’s dual-project portfolio: the Excel project in Nevada and a newly acquired property in Ontario’s Red Lake district. He explains their ambitious strategy to […]
Cannabis Equities Hit Hard Following Ballot Failure In Florida
Cannabis stocks are having a major red day on the markets, following the results of yesterdays election in the United States. The strong decline is believed to be related to a mix of recreational amendments failing along with the failure of the Democrats, who are traditionally more open to legalization, to secure any major wins […]
Canadian Copper to Buy Caribou Complex for $6.2m | Simon Quick
In this interview, Simon Quick, CEO of Canadian Copper Inc. (CSE: CCI), provides insights into the company’s transformative acquisition of the Caribou processing plant complex and their path to becoming a copper producer. Quick highlights their strategic acquisition of the Caribou plant for $6.2 million, emphasizing that this fully permitted 3,000-ton-per-day mill would cost over […]
McEwen’s Q3 Revenue Climbs 36% Amid Gold Price Gains
McEwen Mining Inc. (TSX: MUX) reported its financial results for Q3 2024, propelled by an uptick in gold prices and efficient cost management. Revenue rose to $52.3 million, a 36% increase over Q3 2023’s $38.4 million, with the average gold price per ounce sold at $2,499 compared to $1,920 last year. Gross profit for the […]