AMEX Exploration Outlines $525 Million After Tax NPV(5%) For Perron Project In PEA
Amex Exploration (TSXV: AMX) has completed a preliminary economic assessment for its flagship Perron project, found in Quebec. The PEA outlines a net present value (5%) of $525 million, and an IRR of 40.2%, based on $2,000 per ounce gold on an after tax basis. The estimate is based on a ten year mine life, […]
Borealis Mining Hits 2.25 g/t Gold Over 99.1 Metres At Graben Deposit
Borealis Mining Company (TSXV: BOGO) has hit strong gold mineralization under a small drill program conducted at its Borealis Gold Project. The 3,500 metre drill program has hit multiple intervals of gold at the Graben target, which historically has shown large widths of consistent gold mineralization. Highlights from the results include: The results are said […]
Canada Imposes Binding Arbitration at Major Ports
Canada’s federal government ordered an immediate end to work stoppages at major ports in British Columbia and Quebec on Tuesday, imposing binding arbitration that sparked immediate pushback from labor unions. Labor Minister Steve MacKinnon directed the Canada Industrial Relations Board (CIRB) to resume operations at all affected ports, citing daily disruptions to more than C$1.2 […]
Republicans Secure House, Completing GOP Trifecta in Washington
The Republican Party is set to maintain control of the House of Representatives, securing their 218th seat required for a majority, according to Decision Desk HQ projections. This victory grants the GOP unified control over Washington, as President-elect Donald Trump prepares to take office in January. Speaker of the House Mike Johnson (R-La.), a relatively […]
“Deeply Disappointing And Wrong”: Small Business Outraged as Government Plans to Tax Carbon Tax Rebates
Small businesses across Canada are expressing anger and disbelief as the government announces plans to tax long-overdue carbon tax rebates. This decision, learned by the Canadian Federation of Independent Business (CFIB), has ignited widespread frustration, with CFIB leaders and small business owners calling it a “ridiculous” move that contradicts the principle of revenue neutrality in […]
Airlines Halt Haiti Flights After Aircraft Hit by Gunfire
Airlines suspended flights to Haiti on Monday after gunfire struck two commercial aircraft, injuring a crew member, as the US State Department warned of “gang-led efforts” to block travel to and from Port-au-Prince. A Spirit Airlines (NYSE: SAVE) flight heading to Port-au-Prince from Fort Lauderdale was diverted to the Dominican Republic after sustaining damage consistent […]
US Sets Ambitious Goal to Triple Nuclear Power by 2050
The Biden administration has announced a sweeping plan to triple the United States’ nuclear power capacity by 2050, aiming to add 200 gigawatts of carbon-free electricity through new reactor construction, plant restarts, and upgrades to existing facilities. The plan sets an ambitious target: to have 35 gigawatts of additional nuclear capacity online within the next […]
Inside FTX’s $1.8 Billion Lawsuit Against Binance Amid Crypto Collapse Fallout
In a lawsuit filed in Delaware’s bankruptcy court, the liquidators of the now-bankrupt cryptocurrency exchange FTX are seeking to recover $1.8 billion from rival Binance, claiming a major transaction was fraudulent. According to court documents, the case centers around FTX’s July 2021 decision to repurchase a 20% stake in the company from Binance for $1.76 […]
Trump Win Sparks $1 Billion Outflow from World’s Biggest Gold ETF
SPDR Gold Shares (NYSEARCA: GLD), the world’s largest gold-backed ETF, saw a major shift as investors withdrew over $1 billion last week, marking the most significant outflow since July 2022. This came in response to Donald Trump’s election victory, which spurred a rally in US stocks and the dollar, reducing gold’s appeal. The sell-off in […]
Gatos Silver’s Q3 2024 Results Show Record Profits As Merger Looms
Gatos Silver (TSX: GATO) announced a robust third quarter in 2024, posting an increase in revenue and net income, largely attributed to its performance at the Cerro Los Gatos mine in Mexico. Earnings per share jumped to $0.14, representing a notable 200% increase from $0.05 in Q3 2023. Total revenue for the Los Gatos Joint […]