Hydro-Quebec, NL Hydro Sign 50-Year Churchill Falls Deal
A new 50-year power arrangement between Quebec and Newfoundland and Labrador has cleared the way for what Hydro-Quebec is calling the largest renewable energy project in North America. The utility announced Monday it had signed a Definitive Cooperation and Implementation Agreement with Newfoundland and Labrador Hydro, replacing the framework the two sides sketched out in […]
Canadian Inflation Quickens to 3% as Gasoline Prices Surge
Canada’s annual inflation rate accelerated to 3.0% in July from 2.8% a month earlier, as a sharp run-up in pump prices overwhelmed cooling grocery costs, Statistics Canada said Monday. On a monthly basis, the consumer price index rose 0.5%. Seasonally adjusted, the increase was 0.3%. Gasoline drove most of the increases. Prices at the pump […]
Equinox Gold Wins Federal Approval to Build South Railroad in Nevada
Equinox Gold (TSX: EQX) has cleared the last major federal hurdle standing between its South Railroad project and a shovel in the ground. The company said Monday it received a positive Record of Decision from the US Bureau of Land Management for the Nevada gold project, completing federal permitting under the National Environmental Policy Act. […]
PTX Metals Hits 97% Copper Recovery in First Locked Cycle Test at W2
PTX Metals (TSXV: PTX) this morning said a locked cycle test on material from its W2 copper-nickel-PGE project recovered 97% of the copper into a concentrate grading 28% copper, the strongest result yet from a metallurgical program that began earlier this year. The test, run at third-party lab SGS Lakefield in Ontario, also pulled 70% […]
Sponsored · Selkirk Copper Mines
OceanaGold to Acquire Ausgold in US$549 Million Deal
OceanaGold (TSX: OGC) has agreed to acquire Ausgold (ASX: AUC) in a transaction valuing the gold developer at about A$776 million (US$549 million), adding an advanced open-pit project to a producer that already operates four mines across three countries. Under the scheme of arrangement announced Monday, Ausgold shareholders will receive 0.03365 OceanaGold shares for each […]
Selkirk Copper Launches Scoping Study on Concentrate Shipping Through Port of Skagway
Selkirk Copper Mines (TSXV: SCMI) has begun a scoping study to evaluate shipping critical mineral concentrate through the Port of Skagway, a piece of logistics work that sits at the centre of the company’s plan to restart its Minto mine in Yukon. The study, announced jointly with the Municipality of Skagway Borough, will assess options […]
Endeavour Silver Suspends Terronera Operations Amid Illegal Blockade
Endeavour Silver (TSX: EDR) has suspended operations at its Terronera mine after members of a neighbouring ejido community erected an illegal blockade, stalling the ramp-up of the asset that underpins the company’s 2026 growth. Work has been stopped at the mine since August 12. The company disclosed the situation Sunday evening, describing the blockade as […]
US Homebuyer Demand Falls to a Record Low as Mortgage Rates Climb
Nearly 80% of major US metros are now buyer’s markets, as would-be homebuyers sit out a summer rate spike tied to the war with Iran.
Sponsored · Altamira Gold Corp.
Libya Set to Join China’s Yuan Payment Network in Africa
As Beijing courts African central banks into its yuan payment network, a new report warns the deepening relationship comes with rising debt risk.
Weak Spending Drags Japan’s GDP Growth Below Forecasts
Japan’s economy grew at barely half the expected pace last quarter, as flat consumption and falling business investment offset a weak-yen export boost.