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Osisko Development Increases Cariboo NPV To $943 Million Under Revised Feasibility Study

Osisko Development Corp (TSXV: ODV) has optimized a feasibility study initially released in January 2023 for their Cariboo Gold project in British Columbia. The optimized study has seen the project increase its net present value to $943 million, while the IRR has moved to 22.1% on an after-tax basis, while the payback period has nearly […]

Mandalay Resources To Be Acquired By Alkane To Create Gold & Antimony Focused Producer

Mandalay Resources (TSX: MND) is set to be acquired by ASX-listed Alkane Resources in what is being billed as a “merger of equals” in a transaction that will create an Australia-focused diversified gold and antimony producer. Under the terms of the transaction Mandalay shareholders are set to receive 7.875 shares of Alkane for each share […]

Barrick Gold To Change Name To Barrick Mining, NYSE Symbol To Become “B”

Despite the massive run in the price of gold, Barrick Gold Corp (TSX: ABX) has its sights on the copper business. The company this morning indicated it will seek shareholder approval to change its name to Barrick Mining Corp, which is intended to reflect its refined focus on both copper and gold. In connection with […]

Carney Turned Down Shopify President Role Before Joining Brookfield

Canadian e-commerce giant Shopify (NASDAQ: SHOP) offered Prime Minister Mark Carney a job as company president in 2020, before he ultimately joined Brookfield Asset Management (TSX: BAM), according to a former company executive. Craig Miller, who was Shopify’s chief product officer at the time, said the company created the president role specifically to entice Carney […]

Teck Resources Q1 Earnings: Defying Copper Industry Weakness

Yesterday in our coverage of First Quantum Mining’s business we said it was a terrible time to be a copper producer. But maybe it was an operator issue after all. Because Teck Resources (TSX: TECK.B) on Thursday morning posted their first quarter financial results.. And quite frankly, they seem to be doing better than ever. […]

Equinox Ups Its Offer For Calibre: Investors Said No!

All right guys, we’ll admit it. We messed up. Over the weekend we heard rumblings that Calibre Mining (TSX: CXB) and Equinox Gold (TSX: EQX) didn’t have the votes to proceed with their combination. We had intentions of covering it earlier this week, but well, it’s been a busy week for M&A and major earnings, […]

First Quantum Q1 Earnings: Copper Major Still Bleeding Cash

While the gold business may be booming, the copper business.. Is not.  While gold majors such as Newmont continue to print money despite their operational performance, copper majors find themselves in a bit of a different scenario. Copper pricing is often treated as a measure of the economy, and the last time I checked, the […]

Barrick’s $1 Billion Donlin Gold Sale: Why Everyone Agrees It’s a Win

The run in the price of gold evidently has majors interested in selling off assets. After Newmont’s massive divestiture program which finished up last week, Barrick Gold (TSX: ABX) has now announced that they are selling off a major asset. But this isn’t an operating mine like the majority of Newmont’s sales. Instead, it’s an […]

Agnico Eagle Q1 Earnings: Costs Go Down?!

Another gold major has reported their first quarter financial results and you guessed it. The jump in the price of gold has translated to great returns for the major. Of course, we are referring to Agnico Eagle Mines (TSX: AEM), who is just barely the second largest gold producer by market cap. Despite producing about […]

Why Gold Is Secretly Flooding Into The U.S. & Who’s Suppressing Silver?! | Andy Schectman

In this interview, Andy Schectman from Miles Franklin delivers an analysis of the current gold market, revealing critical insights into central banks’ aggressive physical gold accumulation. Schectman explores the significant shifts in precious metals markets, including the LBMA’s unexpected change to T+8 week settlement and its implications for physical supply. Drawing from his expert perspective, […]