Archives

First Majestic Delivers $194.6 Million in Q2 Free Cash Flow, Lifts Treasury to $1.3 Billion

First Majestic Silver (NYSE: AG)(TSX: AG) generated revenue of $415.5 million in the second quarter, a 57% increase over the $264.2 million recorded a year earlier, as realized silver prices climbed 90% year over year to $63.98 per ounce and realized gold rose 40% to $4,347. Roughly $40 million in mark-to-market adjustments on open concentrate […]

Codelco Abandons 1.7M-Tonne Copper Target: “No Possibility”

The Chilean state-owned miner Codelco has effectively ruled out reaching its former target of 1.7 million tonnes of annual copper production within the next four or five years. Chairman Bernardo Fontaine said Codelco’s repeated forecasting failures left “no possibility” of achieving the target over that period, according to comments made to Radio Infinita. Codelco’s official […]

Citadel Takes Over AI Portfolio Days After Citadel Securities’ Rate-Hike Call

Citadel’s acquisition of Situational Awareness’s public-stock portfolio has placed two separate Ken Griffin-founded businesses on different sides of the same market shock. Citadel Securities publicly advocated a surprise Federal Reserve rate increase on July 27. Three days later, The Wall Street Journal reported that Citadel had acquired most of a distressed AI portfolio after its […]

Big Oil Is Eyeing Venezuela But Not For Its Current Reserves

The most strategically valuable assets in Venezuela’s oil reopening may not be the country’s estimated 303 billion barrels of proved reserves. They may be a handful of lighter-crude fields needed to blend, transport, and sell the extra-heavy oil concentrated in the Orinoco Belt. Exxon Mobil, Chevron, and other producers have been competing for access to […]

UEFA Threatens World Cup Boycott Over FIFA Investor Sale Plan

UEFA’s 55 national associations have unanimously backed a conditional boycott of FIFA competitions, creating the possibility that Spain and Portugal could remain official hosts of the 2030 World Cup while refusing to send teams to the tournament. European associations agreed to boycott FIFA events if President Gianni Infantino proceeds with plans to place FIFA’s tournament […]

Supreme Court Strikes Down Trudeau’s Legal Shield In WE Charity Ethics Scandal

Canada’s highest court has used a five-year-old dispute over former Prime Minister Justin Trudeau’s handling of the WE Charity file to impose a broader constitutional limit on Parliament: political oversight cannot replace the courts when the legality of a public authority’s decision is challenged. The Supreme Court of Canada unanimously allowed Democracy Watch’s appeal Thursday, […]

What Toronto’s First West Nile Virus Case Actually Means

Toronto’s first reported human case of West Nile virus in 2026 confirms that the virus is circulating during the city’s highest-risk mosquito season, but one case does not amount to an outbreak. Toronto Public Health said Thursday that an adult resident had become the city’s first reported human case of the year. The agency provided no […]

72-Hour WestJet Strike Clock Triggers Early Flight Cuts

The Canadian Union of Public Employees’ Local 8125, which represents approximately 4,400 WestJet mainline flight attendants, issued a 72-hour strike notice on July 30. WestJet responded with a matching lockout notice. Either side could begin job action at 12:01 a.m. Mountain Time on August 2 unless negotiators reach an agreement. Both sides said bargaining remains underway. WestJet […]

Canada’s NATO Spy Case Exposes a Security-Clearance Blind Spot

Canada’s personnel-screening system is facing scrutiny after a woman accused of espionage inside NATO’s military headquarters was identified by CBC as a former employee of two Canadian government agencies who had previously challenged a federal finding that she committed fraud during a separate hiring process. A CBC News investigation identified the woman as Biwei Zhang, a systems […]

Kinross Gold Free Cash Flow Falls to $726.8 Million After Four Record Quarters

Kinross Gold (TSX: K) reported second quarter revenue of $2.24 billion, down from $2.41 billion in the first quarter as a lower average realized gold price offset a small increase in ounces sold. Reported net earnings landed at $844.2 million, or $0.71 per share, essentially flat against the $843 million and $0.70 per share booked […]