Breaking Down Budget 2025: Deficits, Borrowings, Investments
A projected $78.3 billion deficit headlines the Budget 2025 that the Carney government tabled for the current fiscal year, up from the $42.2 billion shortfall previously estimated. The deficit is paired with $60 billion in savings and revenues and a plan to enable $1 trillion in total investment over the next five years. Prime Minister […]
IAMGOLD Q3 2025: Revenue Jumps 61%, Earnings Fall On Impairment
IAMGOLD (TSX: IMG) reported a 61% year over year jump on revenue to $706.7 million in Q3 2025 from $438.9 million, on consolidated gold sales of 203,000 ounces and an average realized price of $3,492 per ounce. Gross profit increased 68% to $272.6 million as the realized gold price rose 46% year over year to […]
Electra Battery Materials Restarts Construction At Cobalt Refinery
Construction has finally resumed for Electra Battery Materials (TSXV: ELBM) at their cobalt sulfate refinery. The refinery, which is the only such facility in North America, is a brownfield project which already has the required permits and infrastructure in place for operation. The restart of construction to bring the refinery back into operation follows Electra […]
Wesdome Gold Records Free Cash Flow Of $0.52 A Share In Q3 2025
Wesdome Gold Mines (TSX: WDO) has published their third quarter financial results, headlined by topline revenue of $230.8 million, an improvement of 57% on a year over year basis from $146.8 million in Q3 2024. That revenue figure follows the sale of 47,400 ounces of gold at an average realized price of US$3,523 per ounce, […]
Artemis Gold Posts Q3 Adjusted Net Income Of $141.7 Million In First Full Quarter Of Operations
Artemis Gold (TSXV: ARTG) this morning posted their third quarter financial results, headlined by topline revenue of $308.1 million for their first full quarter of operations. That topline figures follows the sale of 62,863 ounces of gold at an average realized price of US$3,489 an ounce. Net income for the quarter totaled out at $110.9 […]
Exxon Warns Exit Without Softer EU Due Diligence Directive
ExxonMobil warned that it may be unable to continue operating in the European Union unless Brussels loosens its Corporate Sustainability Due Diligence Directive, which is described by opponents as carrying potential penalties of up to 5% of global revenue. The directive entered into force on July 25, 2024 and requires large companies to identify and […]
Silver Exports Face Stricter China State Trading
China’s Ministry of Commerce confirmed that tungsten, antimony, and silver exports will again be handled through a state-trading regime in 2026–2027, meaning only firms that meet MOFCOM’s thresholds and make the approved list may ship abroad. The announcement lays out requirements for producers and traders to qualify as state-trading exporters. For tungsten, new applicants must […]
Is The Trump Admin Planning Covert Cartel Strikes In Mexico?
The Trump administration has allegedly begun detailed planning and early training to send US troops and intelligence officers into Mexico to strike drug labs and cartel leaders, according to two current US officials and two former senior US officials. The officials said the contemplated mission would place many of the US forces under Title 50 […]
Franco-Nevada Posts Record Revenue In Q3 2025, Tightens GEO Sales Guidance
Franco-Nevada (TSX: FNV) reported record Q3 2025 revenue of $487.7 million, up 77% year over year from $275.7 million. Costs of sales rose 56% to $134.2 million, including depletion and depreciation of $87.0 million versus $54.2 million a year ago. Gross profit then expanded 86% to $353.5 million from $189.6 million. Operating income also jumped […]
Glencore Reportedly Closing Canada Copper Hub — Sources
Glencore is preparing to close Canada’s largest copper metal operation in Quebec, the Horne smelter and Canadian Copper Refinery, over environmental compliance costs and required upgrades potentially exceeding US$200 million, according to two people with knowledge of the plan. The operations in Rouyn-Noranda and Montreal employ more than 1,000 workers, process over 300,000 metric tons […]