Russian Miner Nornickel Raises 2024 Production Targets
Nornickel announced revised production forecasts for 2024, adjusting its metal output projections across all categories. The Russian-based company’s updated nickel production target ranges from 196,000 to 204,000 metric tons, though this remains below the 209,000 tons produced in 2023. Following maintenance work at its Nadezhda smelter in August, the company reported nickel production of 146,210 […]
Russia Fines Google 2 Undecillion Rubles for Refusing to Restore State Media
Google, a subsidiary of Alphabet (Nasdaq: GOOGL), has accumulated fines totaling approximately 2 undecillion rubles ($2.5 decillion) in Russia for refusing to restore pro-Kremlin and state-run media accounts on YouTube, according to a recent report by RBC news. The astronomical sum of 2 undecillion rubles (an undecillion being a number equal to 1 followed by […]
Super Micro’s Auditors Quit Amid Governance Concerns, Stock Plummets
In a development sending shockwaves through the tech sector, Super Micro Computer Inc. (NASDAQ: SMCI) is facing a crisis of trust and governance following the resignation of Ernst & Young (EY) as its auditor. EY’s decision to sever ties with Super Micro, detailed in a resignation letter to the U.S. Securities and Exchange Commission (SEC), […]
Trulieve Has Spent $141M On Push For Florida Marijuana Amendment
With less than a week until Florida’s November 5 election, Trulieve (CNSX: TRUL) is going all in for Amendment 3, a ballot measure that would legalize recreational marijuana use in the state. The company recently contributed an additional $28 million to the campaign, bringing its total support to $141 million in cash and in-kind contributions. […]
Bridging Finance Executives Found Guilty of Massive Investor Fraud
The Ontario Capital Markets Tribunal has ruled that David and Natasha Sharpe, the husband-and-wife team behind Bridging Finance Inc., committed fraud by channeling investor money into personal benefits and undeclared kickbacks. This verdict arrives two years after Bridging Finance’s collapse, which had left thousands of Canadian investors at a collective loss of over $1 billion. […]
New Gold Posts Record Revenue In Q3 While Cutting 2024 Production Guidance
New Gold (TSX: NGD) this morning reported its third quarter financial results, posting $252.0 million in topline revenue, an increase of 25% on a year over year basis, off the back of producing 78,369 gold ounces and 12.6 million pounds of copper. Production during the third quarter came from the New Afton and Rainy River […]
Ivanhoe Mines Hits Record Copper Production, $108 Million Profit in Q3 2024
Ivanhoe Mines Ltd. (TSX: IVN) has reported strong Q3 2024 financial results, fueled by increased production at the Kamoa-Kakula Copper Complex in the Democratic Republic of Congo (DRC) and expansion progress at other Southern African sites. The mining firm reported Q3 2024 profits of $108 million, mirroring Q3 2023 earnings, with normalized profit for the […]
Cerrado Gold Sells Monte Do Carmo Project For US$60 Million
Cerrado Gold (TSXV: CERT) is about to get a cash infusion, with the firm announcing this morning that Hochschild Mining has elected to exercise an option that will see it acquire Cerrado’s Monte Do Carmo project in Brazil. The option relates to an agreement entered into back in March by the two parties, whereby Hochschild […]
Oxfam: $41 Billion in World Bank Climate Funds Unaccounted For
A new Oxfam report has revealed significant accountability issues in the World Bank’s climate finance portfolio, with up to $41 billion in funds potentially unaccounted for between 2017 and 2023. The findings, released ahead of the World Bank and IMF Annual Meetings in Washington DC, indicate that nearly 40% of the Bank’s climate finance disbursements […]
Alphabet Posts Biggest Earnings Yet Driven By AI Despite Regulatory Pressures
Alphabet, Inc. (NASDAQ: GOOGL) reported a record-breaking third-quarter revenue of $88.3 billion, driven by continued growth in digital advertising and the rising demand for Google Cloud. The Mountain View-based technology company exceeded analysts’ expectations across key metrics, highlighting Alphabet’s steady momentum in AI and cloud investments, even as the company faces regulatory scrutiny on multiple […]