Court Grants Approval for $74 Million Loan to Finance Yukon Eagle Mine Cleanup
The site is under pressure as temporary containment ponds holding 309,000 cubic metres of contaminated water are near capacity, PwC warned in a Nov. 29 update. Storage constraints will persist until regulators approve the discharge of treated water. Upgrades to the water treatment plant are ongoing, with final lab tests underway to confirm compliance. “We […]
Exploring Oakmark and MFS’s Latest Active ETFs
Two more redoubtable asset managers—Oakmark and MFS—joined the active exchange-traded fund fray this week, launching versions of established and highly rated strategies. The new ETFs are not exact clones of those strategies, which each have long and impressive track records, but share the same management teams and processes as their forebears. Oakmark U.S. Large Cap […]
Carlyle Acquires Miramis Corp. and Nicola East Property Option, Completes Quesnel Gold Project Field Program, and Provides Corporate Update
Carlyle Commodities Corp. has completed the acquisition of Miramis Mining Corp. through an amalgamation agreement, allowing Carlyle to diversify its asset portfolio. Miramis, focused on mineral exploration in British Columbia, holds an option for the Nicola East property and has a history of mineralization in the southern Quesnel Trough. Carlyle issued 23,843,411 common shares in […]
Rio Tinto’s $2.5 Billion Lithium Initiative Marks a Victory for Milei
Rio Tinto’s $2.5 billion lithium plan is a win for Milei In the wake of Javier Milei’s recent election, Argentina has sparked significant interest in its mining sector through the implementation of an ambitious incentives program, known locally by its acronym RIGI. This initiative offers a variety of tax, currency, and trade benefits tailored specifically […]
What’s Ahead for Bank of Canada Rate Cuts? Insights from Trump
The market has had time to digest the language around the Bank of Canada’s jumbo interest rate cut on Wednesday. Now the looming threat of US President-elect Donald Trump’s proposed tariffs is the most significant wild card for where rates will go. The Bank’s 50-basis-point cut brought its policy rate to 3.25%, the upper limit […]
Broadcom Stock Soars 25%, Reaches $1 Trillion Market Cap Driven by AI Expansion
Broadcom Stock Surges 25%, Hits $1 Trillion Market Cap on AI Growth Driven by robust expansion in its artificial intelligence business, Broadcom Inc. (AVGO, Financials) announced a 51% year-over-year rise in sales for its fiscal fourth quarter. By fiscal 2027, the corporation estimates that its income connected to artificial intelligence might reach $50 billion yearly. […]
Gold Stocks: Significant Bargains Await – MINING.COM
That contrarian call came to pass in early April, and gold kept on blasting higher. In mid-September this gold upleg grew to monster status at 40%+ gains, before peaking in late October skyrocketing 53.1% in 12.9 months! Gold clocked in with an amazing 43 record closes in that span, the last being $2,786 six weeks […]
Shell aims to expand its US oil inventory with subsea tie-back to Gulf of Mexico asset
Shell sets its cap on enlarging US oil arsenal with subsea tie-back to Gulf of Mexico asset Shell Offshore, a subsidiary of the UK-headquartered energy giant Shell, has greenlighted another multi-well development project to enrich oil production from an asset lying in a water depth of about 2,450 meters (approximately 8,000 feet) in the U.S. […]
Morningstar’s Investor Reading List for 2025
In addition to gift-giving season, each December marks the time of year that Morningstar employees pass around recommended book lists as they look to use the last of their annual education stipend benefit. This year’s selections—suitable for gift-giving or just for yourself—offer a diverse range of insights, with some books focusing on achieving excellence, nurturing […]
Brent Crude Oil Prices Climb Despite Significant OPEC Forecast Reductions for 2024
Brent Crude – Oil Prices Rise Despite Largest OPEC Forecast Cuts of 2024 Most Read: USD/CHF edges up ahead of SNB rate decision Oil prices continued its steady move higher on Wednesday, up around 1.27% at the time of writing. This is a slight surprise given that OPEC downgraded its 2024 and 2025 forecasts. OPEC […]