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enCore Energy Widens Losses In Q2 2024

enCore Energy Corp. (TSXV: EU) released its financial results for the three months ending June 30, 2024. The report highlights the company’s continued operational expansion and revenue growth, balanced against significant cost increases that led to a wider gross and operating loss compared to the same period last year. In the second quarter of 2024, […]

U.S. Hikes Duties On Canadian Softwood Lumber To 14.54%

The United States has significantly increased duties on Canadian softwood lumber imports, escalating a long-standing trade dispute between the two nations. The U.S. Department of Commerce announced on Tuesday that it would raise the duty rate to 14.54% from the previous 8.05%, a move that has drawn sharp criticism from Canadian officials and industry representatives. […]

Tables Turn on Shaw Family as Rogers Deal Threatens Their Media Holdings

The Shaw family, once a powerhouse in Canadian telecommunications, now finds itself on the receiving end of the very market consolidation they helped create. Corus Entertainment Inc (TSE: CJR.B), controlled by the Shaw family, has filed a complaint with the Canadian Radio-television and Telecommunications Commission (CRTC) against Rogers Communications Inc. (TSE: RCI.B), alleging abuse of […]

Gold Royalty Reports 300% Revenue Jump, Narrower Net Loss In Q2 2024

Gold Royalty Corp. (NYSE: GROY) has filed its operating and financial results for the second quarter ending June 30, 2024. The company’s performance during this period has been described as “transformational” by David Garofalo, Chairman and CEO, underscoring significant milestones that position the company for sustained growth in the latter half of the year. The […]

Franco-Nevada Reports Lower Q2 2024 Earnings, 21% Revenue Decline

Franco-Nevada (TSX: FNV) reported its second-quarter results for 2024, revealing a notable decline in revenue and earnings compared to the same period in 2023. The company’s performance was significantly impacted by the absence of contributions from its Cobre Panama asset, lower production from key mines, and the imposition of new global tax measures. The firm’s […]

Yukon Government Seeks To Appoint Receiver Over Victoria Gold

Victoria Gold (TSX: VGCX) appears to have lost control of the situation at its Eagle Mine following the heap leach incident that occurred at the mine in late June. The company has now reportedly been served by the Yukon government in relation to the matter. While details are thin at this time, Victoria Gold has […]

U.S. Consumer Prices Rise as Expected in July, Inflation Trend Continues to Moderate

U.S. consumer prices increased as anticipated in July, maintaining a trend of moderating inflation that aligns with expectations for a Federal Reserve interest rate cut in September. The Consumer Price Index rose 0.2% last month, rebounding from a 0.1% decline in June, according to the Bureau of Labor Statistics. On an annual basis, the CPI […]

Plurilock Files Patent For Generative AI Tech That Prevents Sensitive Data From Being Leaked

Plurilock Security (TSXV: PLUR) has continued to develop security products for use with generative artificial intelligence. The company this morning disclosed that it has filed a nonprovisional patent application with the United States Patent and Trademark Office for its further tech in the category.

US Oil Production Reaches Record High

The United States has achieved a new milestone in oil production, according to recent government data. The US Energy Information Administration (EIA) reported that during the week ending August 2, American oil companies pumped an average of 13.4 million barrels per day from domestic oil fields.  This figure surpasses the previous record of 13.3 million […]

TSX, Venture See $6.8 Billion In Mining Investment In First Half Of 2024

Canada’s mining industry has witnessed a notable surge in 2024, as investment via the Toronto Stock Exchange and the TSX Venture Exchange has seen a 62% increase in capital raised compared to the previous year. The first half of 2024 has seen strong support for Canada’s mining sector, with companies listed on the TSX and […]