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Mali Demands $160 Million To Release Detained Mining Executives

The Malian government is demanding a $160 million payment to settle an ongoing tax dispute in exchange for the release of the detained three executives from Australia’s Resolute Mining Ltd. (ASX: RSG), including CEO Terry Holohan. Mali’s military-led government is insisting that Resolute Mining make an immediate payment to resolve what it claims are outstanding […]

EnCore Energy’s Q3 2024 Revenue Can’t Offset Rising Expansion Costs, Posts Steep Losses

enCore Energy Corp. (TSXV: EU) reported its financial results for the third quarter ending September 30, 2024, generating $9.3 million in revenue for the third quarter of 2024, largely driven by the ramp-up of uranium production at its newly operational Alta Mesa In-Situ Recovery Uranium Central Processing Plant in Texas. The quarter saw enCore fulfilling […]

Strathcona’s Q3 2024 Earnings Slip Despite 21% Production Boost as Prices Falter

Strathcona Resources (TSX: SCR) has released its third-quarter 2024 results, showing a mixed performance driven by solid production numbers but a noticeable impact from the weaker pricing environment. The company’s production reached an average of 178,235 barrels of oil equivalent per day (boe/d), a modest 1.9% decline from the previous quarter’s 181,766 boe/d. This figure, […]

Silver47 Begins Trading On The TSX Venture

Silver47 Exploration (TSXV: AGA) is set to begin trading today on the TSX Venture Exchange. The silver explorer, with 50 million shares outstanding, is to trade under the symbol “AGA”.

Heliostar To Produce Up To 20,250 Gold Equivalent Ounces In 2024 From New Mines

Heliostar Metals (TSXV: HSTR) has provided production guidance following its announced acquisition of operational assets in Mexico. The two operating gold mines, La Colorada and San Agustin, have been operating for Heliostar on a commercial basis since July 11, 2024. Total production from the two mines from July to December 2024 is estimated to be […]

FBI Raids Polymarket CEO as DOJ Probes Betting Platform

Federal agents conducted an early morning raid Wednesday at the Manhattan apartment of Polymarket CEO Shayne Coplan, just one week after the cryptocurrency betting platform accurately predicted Donald Trump’s victory over Vice President Kamala Harris in the 2024 presidential election. FBI agents arrived at Coplan’s Soho residence at 6 a.m., demanding the 26-year-old entrepreneur surrender […]

CNN Said to Plan Mass Layoffs After Ratings Decline

CNN is preparing for widespread layoffs affecting hundreds of employees as the network grapples with declining ratings and a shift toward digital platforms, according to a Puck.News report. The cuts, following a round of 100 job losses this summer, will primarily target production staff, requiring on-air talent to take on additional responsibilities previously handled by […]

Loblaw Misses Revenue Estimates In Q3 2024 Despite Profit Boost

Retail giant Loblaw Companies (TSX: L) fell short of revenue expectations in the third quarter, posting an overall quarterly revenue of $18.54 billion and missing analysts’ estimates of $18.65 billion. Despite increased consumer traffic, Loblaw reported that consumers are holding back on non-essential items due to economic pressures, marking a challenging environment for high-margin products and […]

Ontario Premier Calls for Mexico’s Exit from North American Trade Pact

Ontario Premier Doug Ford on Tuesday called for Mexico’s potential exclusion from the North American trade agreement, suggesting a return to bilateral trade arrangements between Canada and the United States. Ford proposed the significant shift in regional trade relations amid growing concerns over Chinese-owned automotive facilities in Mexico, which he characterized as a “backdoor” for […]

Hut 8 Q3 2024: Pivot Sparks Revenue Growth, But Escalating Costs Loom

Hut 8 Corp. (TSX: HUT) reported its third-quarter earnings on Wednesday with revenue of $43.7 million, outperforming analyst estimates of $35.1 million. The company’s revenue nearly doubled from the same period last year, when it reported $21.7 million. This substantial growth was driven by the strength in Hut 8’s managed services, which brought in $20.8 […]