Small Gold Mines, Big Profits: A Contrarian Mining Strategy | with Kelly Malcolm of Borealis Mining
In this interview, Kelly Malcolm, President & CEO, Director of Borealis Mining (TSXV: BOGO), outlines the company’s plans for their Nevada gold project, which boasts historical production of over 600,000 ounces. Malcolm highlights their near-term production strategy, targeting a restart in 2025. The company benefits from significant existing infrastructure, including heap leach pads, and an […]
OpenAI Deletes Evidence in New York Times Copyright Lawsuit
OpenAI, the artificial intelligence company behind ChatGPT, has inadvertently erased crucial evidence in its ongoing copyright lawsuit with The New York Times, according to court documents filed on Wednesday. The incident occurred during the discovery phase of the lawsuit, where both parties exchange relevant information. OpenAI had provided The Times’ legal team with access to […]
Canadian General Government Posts $73.7 Billion Deficit In 2023
The Canadian general government (CGG), which includes federal, provincial, territorial and local governments, recorded a deficit of $73.7 billion in 2023, marking a significant shift from the $3.3 billion surplus in 2022. This reversal was primarily driven by a substantial increase in expenses, which outpaced revenue growth. The Canadian federal government’s deficit expanded to $52.3 […]
Metal Prices Boost Guanajuato Silver’s Revenue In Q3 2024
Guanajuato Silver (TSXV: GSVR) has released its financial results for the third quarter of 2024, marking the company’s second consecutive period of positive mine operating income, signaling progress in operational efficiencies. However, substantial hurdles remain as the company continues to grapple with liquidity pressures and declining quarterly revenues. The company generated $18.3 million in revenue […]
New Foreign Student Work Policy “May Result in Increased Competition for Canadians”
In a significant policy shift, Canadian Immigration Minister Marc Miller announced new regulations that adjust work-hour limits for international students. While proponents argue the changes provide students with vital work opportunities, critics contend they could intensify competition for jobs among Canadians. The revised policy permits eligible international students to work up to 24 hours per […]
California Businesses Bear Brunt of Unemployment Insurance Debt Amid State Budget Shortfall
California businesses are reeling from unexpected payroll tax increases, a ripple effect of the state’s decision to stop paying off nearly $20 billion in unemployment insurance debt owed to the federal government. The financial burden, now shifted to employers, highlights broader concerns about California’s fiscal management and its business climate. During the COVID-19 pandemic, California’s […]
Canadian Retail Sales Rise To $66.9 Billion In September
Canadian retail sales demonstrated unexpected strength in September, rising 0.4% to reach $66.9 billion, according to the latest data from Statistics Canada. This increase, which matched economists’ expectations, was primarily fueled by robust performance in the food and beverage sector. Retail sales meanwhile increased by 0.8% in volume terms. Core retail sales, which exclude volatile […]
Seven Years of Losses: Canada Post Reports $315 Million Loss In Q3 2024
Canada Post’s financial performance in the third quarter of 2024 reflects deep-seated challenges as the company struggles to navigate an increasingly competitive and evolving postal and logistics landscape. The corporation reported a pre-tax loss of $315 million for the quarter, a notable deterioration from the $290 million loss recorded in the same period last year. […]
Barrick Reports 7.8 Million Ounce Gold Resource At Fourmile Project
Barrick Gold (TSX: ABX) this morning indicated it has updated its mineral resource estimate for the Fourmile project in Nevada. The update follows the completion of 25 additional drill holes on site, focusing on southern portion of the orebody. Recent drilling is said to have been focused on an area immediately adjacent to the Nevada […]
Filo Hits 0.92% Copper Equivalent Over 1,270 Metres
Filo Corp (TSX: FIL) has released the latest assay results from ongoing exploration at the Filo del Sol project. Drilling on site began in September, with nine drill rigs currently active at the project. Highlights from the results include: The latest assays have resulted in the expansion of the Aurora zone by 300 metres to […]