Mountain Province Diamonds announced a net loss of $279.5 million for 2025, driven by a 95% drop in adjusted EBITDA to $4.8 million and lower diamond prices averaging $83 per carat, down from $98 in 2024. Production faced challenges with a 7% decrease in diamonds recovered and a 67% drop in ore tonnes mined, although total tonnes mined increased by 16%. The company paused its Tuzo Phase 3 project due to market uncertainty and geopolitical issues, including US tariffs on Indian diamond manufacturing. Despite operational improvements in Q4 2025, the diamond market remains pressured by excess supply and competition from lab-grown diamonds, with ongoing discussions about future obligations and market conditions.
Barclays increased its price target for Hudbay Minerals to $32 from $30, citing strong growth prospects in copper mining. Despite a recent nearly 30% stock pullback due to market sentiment, Hudbay maintains a solid financial position with near-zero n...
Morgan Stanley reported strong Q2 2026 results, with earnings per share of $3.46 surpassing estimates of $2.89 and revenue of $21.35 billion beating forecasts of $19.67 billion. This marks significant year-over-year growth from $16.79 billion, driven...
The global autoimmune disease therapeutics market is projected to grow from $80.54 billion in 2025 to $137.85 billion by 2035, at a CAGR of 5.52%. Growth is fueled by rising autoimmune disease prevalence, advances in biologics, JAK inhibitors, monocl...
The Vancouver Chinatown Foundation and RBC are hosting Light Up Chinatown! 2026, a free two-day festival on August 8-9 along Columbia Street in Vancouver’s Chinatown. The event features exclusive food collaborations, live music performances, family a...
New research from iSeatz reveals that U.S. travelers are increasingly strategic about travel rewards programs, with 40% treating them as financial optimization tools and 60% belonging to multiple programs. Despite high enrollment, many travelers find...
