Loncor Gold To Be Acquired By Chinese Entity For $1.38 A Share
Another Canadian explorer has been acquired by a Chinese entity. The latest target is Loncor Gold (TSX: LN), a gold explorer with assets focused on the Ngayu Greenstone belt of the Democratic Republic of the Congo. The transaction announced this morning will see the gold miner acquired for $261 million in an all stock transaction […]
G Mining Sees Production Boost Of 9% In Third Quarter
Production results for the third quarter have been released by G Mining Ventures (TSX: GMIN). The company saw production rise by 9% in Q3 to 46,360 ounces of gold, with all production coming from their Tocantinzinho Gold Mine in Brazil. The production figure follows the Tocantinzinho Mine reaching nameplate capacity early in the quarter, leading […]
Orla Mining Posts Q3 Production Of 79,645 Ounces
Orla Mining (TSX: OLA) this morning reported Q3 gold production of 79,645 ounces of gold, with the quarter representing a new record for the company in terms of ounces produced. The production figure follows 77,811 ounces of gold produced in the second quarter, with year to date production now standing at 205,215 ounces of gold. […]
UPS Destroying Packages as Trump Tariff Changes Create Customs Backlog
UPS (NYSE: UPS) warehouses nationwide hold thousands of international packages in limbo, with the shipping giant acknowledging it has begun “disposing of” some shipments that cannot clear customs under new Trump administration regulations. New customs requirements created the backlog after the Trump administration eliminated the “de minimis” exemption, which for decades allowed packages valued at […]
Pakistan and Afghanistan Exchange Heavy Fire in Deadliest Border Clashes Since Taliban Takeover
Heavy fighting along the Afghanistan-Pakistan border has left at least 32 soldiers dead on both sides, representing the worst violence between the two nations since the Taliban seized control of Afghanistan in 2021. Pakistan’s military reported losing 23 soldiers in clashes that began late Saturday along the disputed 2,640-kilometer frontier. Afghanistan’s Taliban government confirmed nine […]
Codelco Raises Loss Estimate from El Teniente Collapse, Calls It ‘New Phenomenon’
Codelco has increased its loss estimate from the deadly El Teniente mine collapse to 48,000 metric tons of copper production and approximately $500 million in lost EBITDA this year, company chairman Máximo Pacheco said ahead of LME Week. The revised figures represent a 45% increase from the miner’s previous estimate following the July disaster at […]
Pentagon Launches $1 Billion Push to Secure Critical Minerals Supply
The Defense Department plans to spend as much as $1 billion acquiring strategic minerals for stockpiling, a major expansion aimed at breaking American reliance on foreign suppliers, the Defense Logistics Agency disclosed in recent public filings. The Trump administration authorized the procurement push after China imposed stricter controls on exports of rare earth elements essential […]
China Offers to Lift Agricultural Tariffs if Canada Drops EV Levies
China’s ambassador to Canada says Beijing will remove punitive tariffs on Canadian canola and pork if Ottawa scraps its 100% levy on Chinese electric vehicles, offering a potential resolution to a trade dispute that has devastated Prairie farmers. Ambassador Wang Di presented the offer during a CTV “Question Period” interview broadcast on Sunday, marking the […]
US-China: Trump Says Xi Just Had “Bad Moment” On Tariff, Rare Earth Control Confusion
US–China tariff risk shifted from a threatened 100% levy to mixed de-escalation signals after Beijing clarified its rare-earth “export controls” were not an export ban, even as $2.5 trillion in S&P 500 market cap evaporated during Friday’s selloff. Beijing’s clarification stated the controls are “not a ban,” that export applications meeting regulations will be approved, and that […]
Majority of Canadians Back Proposed Alberta-to-BC Pipeline, Poll Shows
Nearly six in 10 Canadians support a proposed pipeline from northern Alberta to British Columbia’s northwest coast, including a majority of BC residents, according to polling the Angus Reid Institute released Thursday as tensions continue to escalate between the two provinces’ premiers. The survey found 59% of Canadians favor the pipeline concept, with support reaching […]