The CPI was up 2.9 percent year-on-year in July, and 0.2 percent from the previous month. Core CPI, which excludes food and energy, was up 3.2 percent on an annual basis and 0.2 percent month-on-month.
Through the all-cash deal, Gold Fields will gain full control of the Quebec-based Windfall gold project, which it currently jointly and equally owns and manages with Osisko. The companies have been working together on the asset since 2023, and Gold Fields said it sees the property as the next cornerstone in its portfolio.
If approved, the companies expect to close the transaction in Q4 of this year.
The company has been engaged in cleanup efforts at its Eagle gold mine since late June, when the collapse of the heap leach pad at the site unleashed cyanide-laced rocks into the environment. While Victoria Gold maintains that it has “essentially achieved” all the directives issued by the Yukon government, legislators aren’t satisfied with its efforts. The local First Nation is also disappointed with Victoria Gold’s work so far.
With the receivership in place, PwC is now managing Victoria Gold. Shares of the company have been halted from trading on the TSX after falling more than 90 percent.
Escondida is the world’s largest copper mine, responsible for close to 5 percent of global supply in 2023. Strikes in previous years have impacted BHP’s ability to supply the metal.
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
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