SilverCrest Sees Production Fall In Q3 2024
SilverCrest Metals (TSX: SIL) has reported its preliminary third quarter production figures, while at the same time reporting record quarterly revenue, which can be attributed to the rising gold and silver prices. Third quarter production came in at 14,928 ounces of gold and 1.41 million ounces of silver, for a combined 2.60 million silver equivalent […]
New Analysis Casts Doubt on Federal Capital Gains Tax Estimates
A new study has cast doubt on the Canadian government’s projected revenue from its recent capital gains tax adjustment. The C.D. Howe Institute has released findings that challenge Finance Minister Chrystia Freeland’s optimistic fiscal forecasts. The study by Alexandre Laurin and Nicholas Dahir, titled “Uncertain Returns: The Impact of the Capital Gains Hike on Ottawa’s […]
Russia Turns to Silver in Strategic Shift That Could Reshape Markets
Russia’s economic maneuvering in response to Western sanctions has taken a turn, as reports emerge that the nation may significantly increase its silver reserves, alongside gold, platinum, and palladium. According to sources, including a recent Interfax report cited by Bloomberg, Russia’s Draft Federal Budget outlines a strategy that would make silver a central component of […]
German Economy Faces Continued Challenges, Government Cuts 2024 Forecast
The German economy is projected to contract by 0.2% in 2024, according to a revised forecast from the country’s economy ministry. This downward adjustment from the previous 0.3% growth estimate reflects ongoing economic struggles that could make Germany the only G7 nation to experience shrinking output for two consecutive years. Germany’s economic woes stem from […]
Is Mexico Moving Away From An Open-Pit Mining Ban Under New President?
As Claudia Sheinbaum assumes her role as Mexico’s first female president, one of the most pressing questions in the mining sector is whether her administration will follow through on a potential ban on open-pit mining, a hotly debated issue during Andrés Manuel López Obrador’s (AMLO) presidency. While AMLO’s administration faced criticism from environmental groups for […]
Is Google About To Be Broken Up?
The US Justice Department is contemplating a historic move to break up Google (NASDAQ: GOOGL), one of the world’s largest tech companies, as part of an ongoing antitrust case. This development comes after Judge Amit Mehta ruled earlier this year that Google violated antitrust laws in both online search and search text ads markets. In […]
OpenAI Doesn’t Expect to Be Profitable Until 2029
OpenAI‘s backers are a long-ish way from making money. Recent financial projections indicate the AI powerhouse won’t turn a profit until 2029. This timeline presents a significant test of investor patience and confidence in the company’s long-term potential. According to documents obtained by The Information, OpenAI anticipates substantial losses in the coming years, potentially reaching […]
7-Eleven Parent Confirms Receiving Sweetened $47 Billion Bid from Alimentation Couche-Tard
Alimentation Couche-Tard Inc. (TSX: ATD.B) has submitted a revised takeover offer for Japan’s Seven & i Holdings, the parent company of 7-Eleven, valuing the Japanese firm at $47 billion. This offer represents a 20% increase from the initial $40 billion proposal, signaling the Canadian company’s continued interest in expanding its global reach. If successful, this […]
ILZSG Forecasts 164,000-Ton Zinc Deficit, Reversing Earlier Surplus Prediction
The International Lead and Zinc Study Group (ILZSG) has dramatically revised its forecast for the global zinc market in 2024, projecting a substantial supply deficit of 164,000 metric tons. This marks a stark reversal from the group’s April prediction of a 56,000-ton surplus, highlighting the rapidly changing dynamics in the zinc industry. The primary driver […]
TD Bank Faces U.S. Growth Freeze Amid $4 Billion Money Laundering Scandal
TD Bank Group (TSX: TD) is grappling with regulatory restrictions in the United States that threaten to hamper its growth in a key market. The bank has been embroiled in a far-reaching anti-money laundering investigation, culminating in severe financial penalties and now a new limitation: an asset cap on its U.S. retail banking business. This […]