(TheNewswire) The net proceeds raised from the Offering will be used to advance the high-grade El Potrero gold-silver project in Durango, Mexico, and for general working capital. All securities to be issued will be subject to a four-month hold period…
Here’s a quick recap of some of the most impactful resource sector news items for the week. The period saw three miners rescued after 60 hours underground at the Red Chris mine in BC, the US announce a mine waste recovery strategy and the Ontario government add C$7 million to…
Statistics Canada released its monthly mineral production report for May 2025 on Monday (July 21). The data shows that the production of both copper and silver increased from April. Copper output rose to 36.3 million kilograms from 35.85 million in April, and silver increased to 26,502 kilograms from 25,412. Meanwhile,…
Trump administration regulators have approved Skydance Media’s $8 billion bid to acquire CBS News parent company Paramount, paving the way for a tectonic shift in ownership of one of America’s three major networks. The Federal Communications Commission said Thursday that it had approved the acquisition, with FCC Chairman Brendan Carr…
Microsoft has laid off over 15,000 people so far in 2025. The stress of the belt-tightening has gotten to CEO Satya Nadella. “Before anything else, I want to speak to what’s been weighing heavily on me, and what I know many of you are thinking about: the recent job eliminations,”…
China has officially launched construction of what is set to become the world’s largest hydropower dam, located on the eastern edge of the Tibetan plateau.Spearheaded by Premier Li Qiang, the Yarlung Zangbo hydropower project is expected to generate an astounding 300 billion kilowatt-hours of electricity annually – triple the output…
Asian stock markets declined at Friday’s open, breaking their longest winning streak since January, as a bout of uncertainty over the timing of Federal Reserve interest-rate cuts appeared to curb investors’ risk appetite. This cautious mood, following a mixed session on Wall Street where tech gains masked broader weakness, is…
Wheat prices in the European part of Russia have seen a significant drop, with fourth-class wheat experiencing a notable weekly decline.As of July 16, average prices for fourth-class wheat (12.5% protein) in the European part of Russia fell by 775 rubles week-on-week to 13,825 rubles per metric ton ($177/mt), according…
Shares of Intel Corporation fell sharply on Friday, down 5.8% in Frankfurt and 4.6% in US after-hours trading, after the chipmaker warned of deeper third-quarter losses than expected and outlined sweeping plans to cut more than 25,000 jobs. The restructuring comes as new CEO Lip-Bu Tan attempts to steer the…
European stock markets began the final session of the week on a decidedly negative note, with the regional Stoxx 600 index moving broadly lower as a profit warning from automotive giant Volkswagen rattled the tariff-sensitive auto sector and overshadowed some pockets of positive corporate news.Shortly after the opening bell, the…