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Lundin Gold 2024 Results: 137% Net Income Jump, Hits 500K-Ounce Production Mark

Lundin Gold (TSX: LUG) has announced its fourth quarter and full-year 2024 financial and operational results, with annual net revenue of US$1.19 billion, a 32% increase from US$902.5 million in 2023. Quarterly revenue came in at US$341.8 million, a 79% surge compared to US$190.7 million in the same period last year. Management credited higher realized gold prices—averaging US$2,462 per […]

IAMGOLD Posts Seven-Fold Increase In Earnings In 2024, Thanks To Westwood And Gold Prices

IAMGOLD Corporation (TSX: IMG) reported its fourth quarter and full-year 2024 results, headlined by a rise in annual net earnings to $847.8 million—an increase of $744 million compared to 2023. Full-year revenue came in at $1.63 billion, a 65% increase from $987.1 million in 2023. In Q4, the firm earned $469.9 million in revenue compared […]

Newmont Rakes In $3.4B In 2024 Net Income Following Divesting Assets

Newmont (TSX: NGT) released its Q4 and 2024 results, touting record quarterly free cash flow of US$1.6 billion. The year also saw a net income that swung to $3.4 billion in 2024 from a $2.5 billion net loss in 2023. On an adjusted basis, net income reached $3.99 billion in 2024 compared to $1.32 billion […]

i-80 Gold Outlines $2.1 Billion NPV At Spot Prices For Mineral Point Project

i-80 Gold Corp (TSX: IAU) has released a preliminary economic assessment for its Mineral Point Project, which is part of the Ruby Hill Complex in Nevada. The estimate outlines a $614 million net present value with a 12% IRR on an after-tax basis, using a 5% discount rate. That estimate is based on a gold […]

Liberal Party Withholds $21,000 in Donations to Leadership Candidate

The Liberal Party of Canada is withholding $21,000 in campaign contributions to leadership candidate Ruby Dhalla while it investigates whether 12 donors surpassed maximum contribution limits. The party is probing donations made on shared credit cards, with Elections Canada data showing 12 contributors each donated the maximum allowable amount of $1,750. Three pairs of donors […]

US Defense Budget Faces 8% Annual Cuts Under New Directive

US Defense Secretary Pete Hegseth has ordered Pentagon officials to plan for annual 8% budget reductions over five years, representing the largest defense spending cuts since 2013, according to an internal memo obtained by The Washington Post. The directive targets the Pentagon’s $850 billion 2025 budget while protecting 17 categories, including border operations, nuclear modernization, […]

First Majestic Posts Record Free Cash Flow Of $68.4 Million In Fourth Quarter

First Majestic Silver (TSX: AG) (NYSE: AG) saw record free cash flow in the fourth quarter of 2024, thanks in part to a higher realized silver price per silver equivalent ounce amid a precious metals bull market.

US Orders Diplomats to Cancel News Subscriptions Worldwide

The US State Department has ordered its diplomatic missions to cancel subscriptions to major news outlets, prompting warnings from officials about risks to overseas operations. A February 11 directive told embassies and consulates to “immediately place Stop Work Orders on all non-mission critical contracts/purchase orders for media subscriptions,” according to an internal memo seen by […]

Canadian Trucker TFI Plans To Leave Canada For The US

TFI International Inc. (TSE: TFII) announced plans to relocate its headquarters from Montreal to the United States, as the transport giant seeks to align its corporate base with its predominantly US operations. The Montreal-based freight carrier disclosed the planned move in its earnings report on Wednesday, where it posted net income of US$423 million on […]

Delta Offers $30,000 to Each Passenger on Toronto Crash Flight

Delta Air Lines (NYSE: DAL) has offered $30,000 to each passenger aboard Flight 4819 that crashed and flipped during landing at Toronto Pearson International Airport on Monday. The airline confirmed Wednesday that all 80 people (76 passengers and four crew members) on board survived when the Minneapolis-originating flight rolled over and landed upside down, losing […]