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White House envoy Steve Witkoff was in Russia on Friday to meet with Russian President Vladimir Putin after peace talks with Ukraine stalled out in recent weeks, ‘frustrating’ President Donald Trump.

‘This is another step in the negotiating process towards a ceasefire,’ White House press secretary Karoline Leavitt said of the meeting. ‘I think the president has been quite clear that he’s been continually frustrated with both sides of this conflict, and he wants to see this fighting, and he wants the war to end.’

Russian media broadcast images of Putin and Witkoff meeting at the presidential library in St. Petersburg. 

Leavitt said the U.S. had ‘leverage’ over Ukraine and Russia to pressure them to agree to peace.

‘We believe we have leverage in negotiating a deal… And we’re going to use that leverage. And the president is determined to see this through,’ Leavitt said.

Trump has demanded that both sides agree to an immediate 30-day ceasefire while they hash out a longer peace deal. Ukraine has agreed to this, while Russia has not. President Volodymyr Zelenskyy claimed Ukraine had found two Chinese men fighting on behalf of Russia within their borders, a development that would suggest Russia is receiving direct manpower aid from both North Korea and China. 

Zelenskyy said at least 155 Chinese citizens were fighting for Russia as he accused Putin of ‘prolonging the war’ — a claim the Kremlin denied Thursday, stating that China takes a ‘balanced position’ to the war and that ‘Zelenskyy is wrong.’ Fox News Digital has reached out to the Russian Ministry of Defense for further comment.   

Ahead of Witkoff’s meeting with Russian officials, Trump ramped up pressure on Putin, writing on Truth Social: ‘Russia has to get moving. Too many people are DYING, thousands a week, in a terrible and senseless war – a war that should have never happened, and wouldn’t have happened, if I were President!!!’

Trump said on March 31 that he was ‘pissed off’ with the Russian leader and threatened to put ‘secondary tariffs’ on Russia’s oil exports, its financial lifeline for the war effort. That could mean sanctioning countries that buy Russian oil or cracking down on its ‘shadow fleet’ of tankers carrying oil across the globe in disguise.

Trump has previously aired out complaints about Zelenskyy, too, calling him a ‘dictator without elections.’ A public White House meeting last month erupted into a near-shouting match where Zelenskyy abruptly left the premises. 

Ukraine agreed to both the unconditional ceasefire and a more tailored maritime ceasefire, but Russia has made a fresh round of demands, including the lifting of some sanctions. 

‘We are making progress. We hope that we are getting relatively close to getting a deal between Russia and Ukraine to stop the fighting,’ Trump said during a Cabinet meeting on Thursday. 

The U.S. and Russia carried out a prisoner exchange deal that saw the return of ballerina and U.S.-Russian citizen Ksenia Karelina to the U.S. on Friday. Karelina was sentenced to 12 years in prison at the start of the war in 2022 for donating $51 to a Ukrainian charity. 

On Thursday, U.S. and Russian officials met in Istanbul to discuss reopening operations at each other’s embassies. 

The St. Petersburg gathering is Witkoff’s third meeting with Putin this year. Over the weekend he will head to Oman to negotiate with Iran in nuclear talks.

Ahead of Friday’s meeting, Kremlin spokesman Dmitry Peskov said there was ‘no need to expect breakthroughs’ and the ‘process of normalizing relations is ongoing.’

Reuters contributed to this report.

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President Trump said on Friday that the first physical examination of his second term went well, and overall he feels he’s in ‘very good shape.’

The president told reporters on board Air Force One while en route to his home in West Palm Beach Friday evening that the yearly presidential physical at Walter Reed Medical Center showed he has a ‘good heart, a good soul,’ and ‘overall, I think I’m in very – I felt I was in very good shape.’ 

He also took a cognitive test.

‘I don’t know what to tell you other than I got every answer right,’ the president told reporters.

He added, ‘I think it’s a pretty well-known test. Got it all right. I’ve taken the cognitive test, I think, four times and gotten nothing wrong. That’s what the American people want. Biden refused, Kamala refused.’ 

He also said that doctors gave him ‘a little bit’ of advice on lifestyle changes that could improve his health without going into detail. 

Biden’s yearly presidential exam at Walter Reed last year didn’t include a cognitive test. 

The former president’s mental abilities became a concern during the presidential election last year after he struggled in a June debate against Trump, which led to former Vice President Kamala Harris taking over as the Democratic nominee. 

Trump said he expected the report from the exam to be released by Sunday. 

The president was at Walter Reed for five hours undergoing ‘every test you can imagine.’

‘I was there for a long time,’ Trump said. ‘I think I did very well.’

White House press secretary Karoline Leavitt said Friday that a readout of the exam would be released ‘as soon as we possibly can.’

The White House earlier this week promised to release the full results of Trump’s examination. 

‘I have never felt better, but nevertheless, these things must be done!’ Trump wrote on Truth Social before the exam earlier this week. 

The exam was also his first presidential physical since his ear was grazed by a bullet during an assassination attempt at a campaign rally in Butler, Pennsylvania, in July. 

Both Biden and Trump’s health have come under increased scrutiny as they are the two oldest U.S. presidents to ever serve, and Trump became the oldest president to be sworn into office in January. 

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At least 26 Americans held hostage abroad have been freed since President Donald Trump entered the Oval Office in January. Those who gained their freedom include a ballerina, a teacher and a mechanic, among others.

Ryan Corbett and William McKenty

On Jan. 21, 2025, just one day after Trump’s second term began, Ryan Corbett and William McKenty were released from Taliban captivity in Afghanistan. While Corbett and McKenty were freed under Trump, the deal that secured their release was completed by the Biden administration.

Corbett and his family moved to Afghanistan in 2010, where they lived in Kabul and Jalalabad. According to a website set up by his family, Corbett did work for NGOs, which focused on education, birth and life-saving skills. He also started a project in 2017, Bloom Afghanistan, with the goal of strengthening the country’s private sector. In 2021, the Corbett family evacuated as the Taliban took control of the country. Corbett returned to Afghanistan a year later and was captured by the Taliban, which his family suspects was because of his ‘value as political leverage.’

There aren’t many details on McKenty or exactly why he was in Afghanistan. According to the BBC, his family asked for privacy.

Anastasia Nuhfer

Anastasia Nuhfer, who was detained in Belarus during the Biden administration, gained her freedom Jan. 26, 2025. While Secretary of State Marco Rubio announced Nuhfer’s release, he did not give details on when she was detained or why. However, according to The Associated Press, a former high-ranking Belarusian official said the arrest was linked to 2020 protests against Belarusian President Alexander Lukashenko. 

Six unnamed American citizens

Special envoy Ric Grenell secured the release of six Americans after meeting with Venezuelan President Nicolás Maduro. Grenell posted a photo of himself and the men on a plane and said that they ‘couldn’t stop thanking’ Trump when speaking to him on the phone. The men were not identified.

Keith Siegel

After spending 484 days as a hostage in Gaza, Keith Siegel was released as part of a ceasefire deal Feb. 1, 2025. Siegel was taken from Kibbutz Kfar Aza during Hamas’ Oct. 7 attacks. His wife, Aviva, was also taken hostage but was released in November 2023. 

On April 8, Siegel, who has credited Trump with saving his life, thanked the president during an NRCC event in Washington, D.C.

‘President Trump, I am here, and I am alive. President Trump, you saved my life,’ Siegel said. He also asked Trump to continue working to secure the freedom of the 59 remaining hostages in Gaza.

Marc Fogel

American schoolteacher Marc Fogel was released from Russian captivity Feb. 11, 2025, more than three years after he was detained. Fogel was carrying less than one ounce of medical marijuana, according to his family’s website, which he used for severe pain. The Fogel family criticized former President Joe Biden’s handling of Marc’s case, especially in light of his work to release WNBA player Brittney Griner, who was also arrested for having marijuana. 

On July 13, 2024, Fogel’s mother, Malphine, attended a Trump rally in Butler, Pennsylvania, Marc’s hometown. She spoke with Trump, who promised to bring her son home.

Trump invited Marc and Malphine to attend his address to a joint session of Congress in March 2025.

Unnamed American

On Feb. 12, 2025, Secretary of State Marco Rubio announced that an American ‘unjustly detained in Belarus’ had been released. The statement did not include details or identifying information about the hostage. In a press release, Rubio affirmed the administration’s commitment to releasing Americans held hostage across the globe.

Sagui Dekel-Chen

On Oct. 7, 2023, Israeli American Sagui Dekel-Chen was taken hostage by Hamas terrorists from his home at Kibbutz Nir Oz. He was shot in the shoulder during the massacre and endured torture while in captivity.

Dekel-Chen spent almost 500 days as a hostage in Gaza and gained his freedom in February 2025. While he was in captivity, his wife gave birth to their third child. He only learned about his daughter’s birth after being released.

10 unnamed Americans

On March 13, 2025, 10 unidentified Americans, including veterans and military contractors, were released from captivity in Kuwait. According to The Associated Press, the American citizens were detained on drug charges.

George Glezmann

Delta Airlines mechanic George Glezmann spent more than two years as a hostage in Gaza after being detained by the Taliban in December 2022. According to senators John Ossoff and Raphael Warnock, both Democrats from Georgia, Glezmann went to ‘Afghanistan for a five-day trip to explore the cultural landscape and rich history of the country.’ The two senators advocated for Glezmann’s release, which eventually occurred March 20, 2025.

Faye Hall

The Taliban released Faye Hall in March 2025, though it is unclear when she was detained. CBS News reported that Hall was arrested on charges of using a drone without authorization.

The Trump administration posted a video of Hall thanking the president for her release. In the video, Hall said she had ‘never been so proud to be an American citizen.’

Ksenia Karelina

Russian American ballet dancer Ksenia Karelina was released from detention April 10, 2025, after being wrongfully detained for over a year. Karelina was arrested and sentenced to 12 years in a penal colony after donating approximately $50 to a Ukrainian charity.

‘Mr. Trump, I’m so, so grateful for you bringing me home,’ a teary-eyed Karelina said upon her arrival in the U.S. ‘I never felt more blessed to be American.’

Christopher Guly contributed to this report.

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Delegates from the United States and Iran are holding talks in Oman on Saturday in a delicate effort to restart negotiations over Tehran’s controversial nuclear program. 

The talks, between a mediator to Iran’s Foreign Minister Abbas Araghchi and U.S. Mideast envoy Steve Witkoff, come nearly seven years after President Donald Trump unilaterally withdrew the U.S. from Tehran’s nuclear deal with world powers in 2018. Since then, indirect talks between the two adversaries have made zero progress.

Trump has imposed new sanctions on the Islamic Republic as part of his ‘maximum pressure’ campaign and has suggested military action remained a possibility. Despite this, the president has said he still believed a new deal could be reached by writing a letter to Iran’s 85-year-old Supreme Leader Ayatollah Ali Khamenei, which he sent early last month. 

Khamenei, meanwhile, has warned that Iran would respond to any U.S.-led attack with an attack of its own.

‘They threaten to commit acts of mischief, but we are not entirely certain that such actions will take place,’ the supreme leader said. ‘We do not consider it highly likely that trouble will come from the outside. However, if it does, they will undoubtedly face a strong retaliatory strike.’

Iranian Foreign Ministry spokesperson Esmail Baghaei called such threats against Iran ‘a shocking affront to the very essence of International Peace and Security.’

‘Violence breeds violence, peace begets peace. The US can choose the course…; and concede to CONSEQUENCES,’ he wrote on X.

Iranian President Masoud Pezeshkian has rejected direct negotiations with the United States over Tehran’s nuclear program.

‘We don’t avoid talks; it’s the breach of promises that has caused issues for us so far,’ Pezeshkian said in televised remarks during a Cabinet meeting. ‘They must prove that they can build trust.’

Once allies, both countries have been hostile to one another for nearly half a century, following the 1979 Islamic Revolution that saw the creation of a theocratic government led by Grand Ayatollah Ruhollah Khomeini.

Shah Mohammad Reza Pahlavi, whose rule was cemented in a CIA-led coup in 1953, had fled Iran before the revolution, ill with cancer, as demonstrations swelled against his rule. Late in 1979, university students overran the U.S. Embassy in Tehran, seeking the shah’s extradition and sparking the 444-day hostage crisis that severed diplomatic relations between Iran and the U.S.

In the decades since, Iran-U.S. relations have see-sawed between enmity and grudging diplomacy, with relations peaking when Tehran made the 2015 nuclear deal with world powers before Trump withdrew from the deal, sparking more tensions in the Mideast that persist today.

Under the original 2015 nuclear deal, Iran was allowed to enrich uranium up to 3.67% purity and to maintain a uranium stockpile of 661 pounds. The last report by the International Atomic Energy Agency on Iran’s program put its stockpile at 18,286 pounds as it enriches a fraction of it to 60% purity.

U.S. intelligence agencies assess that Iran has yet to begin a weapons program, but has ‘undertaken activities that better position it to produce a nuclear device, if it chooses to do so.’

Iran has insisted for decades that its nuclear program is peaceful. However, its officials increasingly threaten to pursue a nuclear weapon. Iran now enriches uranium to near weapons-grade levels of 60%, the only country in the world without a nuclear weapons program to do so.

The Associated Press contributed to this report.

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Gold fell below US$3,000 per ounce this week before rocketing to a new all-time high.

Gary Wagner, executive producer at TheGoldForecast.com, explains why that happened and how he expects the yellow metal to perform in the long term as market turmoil continues.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

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Investor anxiety is reaching new heights. CNN’s Fear and Greed Index plunged to just three on April 8, marking its lowest level since March 2020, when COVID-19 lockdowns sent shockwaves through financial markets.

The index has since made a modest improvement and is sitting at eight.

These levels reflect sentiment not seen in over five years. Historically, fear of this magnitude correlates with significant market selloffs. For instance, in 2020, the index remained in single-digit territory from March 5 to 23 — a period when the S&P 500 (INDEXSP:.INX) lost more than 30 percent of its value during the early stages of COVID-19.

Economists and traders alike warn that fluctuations in this range can be short-lived, but tend to bring extreme volatility, often resulting in steep market declines. Although the first signs of recovery usually emerge once the Fear and Greed Index climbs above 10, a more reliable signal is a return above 25, which tends to precede sustainable rallies.

US President Donald Trump’s tariffs are behind the latest nosedive. Although a 90 day reprieve has been announced for most countries, uncertainty about the future remains. In addition, tensions between China and the US are heating up — US tariffs on China have ballooned to 145 percent, and China has raised its tariffs on US goods to 84 percent.

The immediate market reaction was negative. US stock markets experienced a sharp decline, and although there’s been some recovery, investors are increasingly concerned about the potential for these trade disputes to escalate into a global recession, contributing to the heightened levels of market fear reflected in the index.

While market sentiment indicators like the Fear and Greed Index don’t dictate future price movements, they do provide insight into the emotional state of the market — often a contrarian signal for savvy investors. When fear reaches extreme levels, it has historically marked moments of potential opportunity or further market turbulence.

So what does this latest drop in the Fear and Greed Index really mean? This article explores the significance of the CNN Fear and Greed Index, its historical context and what investors should watch for next.

What is CNN’s Fear and Greed Index?

CNN’s Fear and Greed Index is a tool designed to measure the prevailing emotions influencing the stock market by weighing seven key indicators. The Fear and Greed Index operates on a scale of zero to 100, with a score under 45 indicating fear, a score of 55 and above signifying greed and one in between marked as neutral.

Scores of under 25 and above 75 are labeled ‘extreme fear’ and ‘extreme greed,’ respectively.

How is CNN’s Fear and Greed Index calculated?

The index aggregates seven key indicators, each reflecting different aspects of market sentiment:

  1. Stock price momentum — Compares the S&P 500’s current value to its 125 day moving average.
  2. Stock price strength — Tracks the number of stocks hitting 52 week highs vs. those reaching 52 week lows.
  3. Stock price breadth — Examines trading volume in advancing vs. declining stocks.
  4. Put and call options — Analyzes the ratio of bearish (put) options to bullish (call) options.
  5. Junk bond demand — Measures the yield spread between high-yield (junk) bonds and safer investment-grade bonds.
  6. Safe-haven demand — Assesses the relative performance of stocks vs. government bonds.

When these indicators collectively signal heightened caution, the Fear and Greed Index falls into the fear zone, with extreme fear indicating widespread pessimism in the markets.

Recent instances of extreme fear

Understanding past instances of extreme fear can provide insights into current market conditions. The last two notable times the index hit extreme fear were August 5, 2024, and December 19, 2024.

1. August 5, 2024: Global selloff and economic uncertainty

On August 5, 2024, markets saw a sharp decline following weak tech earnings and US employment data, accelerated by an unexpected interest rate hike by the Bank of Japan that resulted in investors trying to unwind yen carry trades.

This caused a ripple effect across global markets:

  • The S&P 500 fell over 4 percent amid investor concerns about an economic slowdown.
  • The International Monetary Fund warned that the volatility could be a precursor to prolonged instability.

2. December 19, 2024: Federal Reserve’s hawkish stance

Investor fears resurfaced in mid-December 2024, when the US Federal Reserve signaled that interest rates would likely remain elevated longer than expected. The announcement sent shockwaves through the markets:

  • The US dollar surged to a two year high, weighing heavily on emerging markets.
  • Cryptocurrencies took a hit, with Bitcoin dropping over 15 percent in a week.

How do other fear-based indexes compare?

While CNN’s Fear and Greed Index is a popular barometer of market sentiment, it isn’t the only fear-based indicator worth watching. Here’s how other major sentiment gauges compare:

Crypto Fear & Greed Index

The Crypto Fear & Greed Index tracks investor sentiment in the cryptocurrency market. Crypto markets are particularly sensitive to risk-off sentiment, making this index an important measure for digital asset investors.

The Crypto Fear & Greed Index has also dropped into extreme fear, with a score of 15 on March 4. This decline coincided with continued geopolitical tensions, including Trump’s announcement of 25 percent tariffs on Canada and Mexico.

Doomsday Clock

Though not a financial index, the Doomsday Clock, updated annually by the Bulletin of Atomic Scientists, reflects global existential risks, including nuclear tensions, climate change and geopolitical instability.

As of January 28, 2025, the clock was at 89 seconds to midnight, signaling heightened global uncertainty, which can influence investor sentiment in risk assets like equities and cryptocurrencies.

What extreme fear means for investors

The plunge of CNN’s Fear and Greed Index into Extreme Fear territory signals widespread investor anxiety. But is this a warning of further declines, or a contrarian buy signal?

Historically, moments of extreme fear have often preceded strong market rebounds, as panicked selling creates opportunities for value investors. However, not all instances lead to immediate recoveries; some mark the beginning of prolonged downturns, and it can be difficult to tell which scenario is ahead.

Key considerations for investors:

  • Economic data: Keep an eye on employment reports, inflation data and GDP growth figures.
  • Fed policy: Interest rate decisions will continue to be a key driver of market sentiment.
  • Corporate earnings: Weak earnings reports could exacerbate investor fears, while strong results may signal resilience.
  • Geopolitical developments: Trade tensions, global conflicts and macroeconomic policies can shift market sentiment quickly.

While fear-based indicators provide valuable insights, investors should use them alongside fundamental and technical analysis to make informed decisions. Whether this moment marks a temporary panic or the start of a broader downturn remains to be seen, but one thing is clear: investors should be prepared for volatility in the weeks or months ahead.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

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Syntheia Corp. (CSE: SYAI) (‘Syntheia’ or the ‘Company’) (Syntheia.ai), a leading provider of conversational AI solutions for inbound telephone call management, is pleased to announce that it has entered into a services agreement dated March 30, 2025 (the ‘Agreement’) with the Rob Morrison Campaign (the ‘Campaign’) in British Columbia to provide telemarketer services to the Campaign.

Recognizing political campaigns’ increased reliance on data-driven strategies, Syntheia’s AI platform enables campaigns to efficiently manage large-scale outreach while personalizing interactions with voters.

Pursuant to the terms of the Agreement, Syntheia’s AssistantNLP is autonomously managing outbound calls for the Campaign. With approximately 20,000 numbers to dial, AssistantNLP is gathering information about voting intentions, providing information about the Campaign, and answering inquiries. The Campaign will pay Syntheia $9,500 for up to 120,000 minutes.

Syntheia’s AssistantNLP brings efficiency and scalability to political campaigns allowing candidates and organizations to reach voters in a personalized way while optimizing outreach and reducing operational costs,‘ said Tony Di Benedetto, Chief Executive Officer. ‘As a company, we remain politically neutral and are committed to providing exceptional service to all our customers.

With compliance and data security as our top priorities, Syntheia strives to adhere to all relevant regulations while maintaining the integrity and confidentiality of voter data.

About Syntheia

Syntheia is an artificial intelligence technology company which is developing and commercializing proprietary algorithms to deliver human-like conversations. Our SaaS platform offers conversational AI solutions for both enterprise and small-medium business customers globally.

For further information, please contact:

Tony Di Benedetto
Chief Executive Officer
Tel: (844) 796-8434

Cautionary Statement

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this news release.

This news release contains certain ‘forward-looking information’ within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as ‘plan’, ‘expect’, ‘project’, ‘intend’, ‘believe’, ‘anticipate’, ‘estimate’, ‘may’, ‘will’, ‘would’, ‘potential’, ‘proposed’ and other similar words, or statements that certain events or conditions ‘may’ or ‘will’ occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Forward-looking statements in this news release include, but are not limited to the number of minutes that the Campaign will use and revenues derived from the relationship between the Company and the Campaign. Readers are cautioned that forward‐looking information is not based on historical facts but instead reflects the Company’s management’s expectations, estimates or projections concerning the business of the Company’s future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made.

Although the Company believes that the expectations reflected in such forward‐looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements. Please refer to the Company’s listing statement available on SEDAR+ for a list of risks and key factors that could cause actual results to differ materially from those projected in the forward‐looking information. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward‐looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected.

Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.

The securities of the Company have not been and will not be registered under the United States Securities Act of 1933, as amended and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirement. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/248249

News Provided by Newsfile via QuoteMedia

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Major miner Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO)reported total spending of AU$10.3 billion with Western Australian suppliers in 2024, marking a new record for the company.

The commodities giant boosted its spending with suppliers in the state by AU$1.5 billion for the year in a bid to support local businesses continuously and grow its Pilbara mining portfolio.

Since 2018, the company has worked with around 2,400 suppliers in Western Australia annually. Its annual spend with suppliers has more than doubled over the past six years.

“Rio Tinto has been in Western Australia for almost 60 years, and we remain committed to sharing our success with the communities where we operate,” said Rio Tinto Iron Ore Chief Executive Simon Trott.

He added that partnering with local businesses allows the company to help create jobs and strengthen regional communities, all while providing benefits and sponsorship to small to large business owners.

Rio Tinto is also prioritising Indigenous-owned businesses in the state. Its spending with Indigenous-owned businesses in 2024 reached AU$769 million, 30 percent more than the recorded amount in 2023. Pilbara businesses received AU$969 million from Rio Tinto, with 60 percent of this going to Indigenous-owned businesses in the region.

Rio Tinto has attributed the spending increase to its project developments in the state, including heavy mining machinery and earthworks for its US$2 billion Western Range mine.

Located in Pilbara 10 kilometres southeast of Paraburdoo, the Western Range mine is expected to produce 25 million tonnes of iron ore annually. It is scheduled to open and complete its first production this year.

The company received approval for its US$1.8 billion Brockman Syncline 1 project this month, allowing it to sustain production and support for Western Australian businesses moving forward.

Rio Tinto owns a portfolio of large iron ore assets in the Pilbara. The company had produced 327.9 million tonnes of iron ore at these operations as of 2023, employing around 16,000 people across its projects.

A total of 17 mines, four independent port terminals, a rail network spanning nearly 2,000 kilometres and related infrastructure are held by Rio Tinto in the region. These assets help it maintain its reputation in the global iron ore industry.

Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.

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While there was no new market data in Canada, south of the border the US Bureau of Labor Statistics released its March consumer price index (CPI) data on Friday (April 11). The all items CPI figures were down in March, posting a 2.4 percent year-over-year increase compared to the 2.8 percent recorded in February. On a monthly basis, all items CPI rose just 0.1 percent, in contrast to the 0.2 percent of the month before.

The largest contributor to the easing figures was a 3.3 percent year-over-year decline in energy prices, with gasoline leading the way, falling 9.8 percent. Core CPI less food and energy was down 2.8 percent year-over-year.

The drop in oil prices occurred as OPEC+ output increased to eight-month highs in March. Several OPEC+ countries exceeded their output quotas for the month, with Kazakhstan being the largest overproducer. These production gains preceded a planned increase in April, and OPEC+ intends to boost production again in May.

As production increases raise oil supply, oil demand could be affected by an escalating trade war between the US and China, as uncertainty over fears of an economic slowdown begins to influence investor sentiment.

The price decline follows US President Donald Trump’s initial announcement of his plan for baseline and reciprocal tariffs on April 2. However, while the blanket 10 percent tariffs remain in place, Trump later retracted the more severe tariff measures for all countries except China on Wednesday (April 9) for 90 days.

The tit-for-tat tariff measures between the US and China peaked on Friday, when China raised its import fees against the US to 125 percent after the US increased theirs to 145 percent on Thursday.

Trump’s reversal on the tariffs for other countries came after a selloff in the US bond market, as investors distanced themselves from what is typically seen as a safe asset amid high market volatility. The benchmark 10-year treasury yield surged to 4.5 percent on Wednesday before retreating to 4.37 percent.

Canada and Mexico have been exempted from the 10 percent baseline tariffs, but other tariffs remain, including the 25 percent tariff on non-USMCA-compliant goods. The US also added a 20 percent increase to the existing 14.4 percent tariff on softwood lumber imports, bringing the total to 34.45 percent.

Markets and commodities react

The markets were in chaos this week, continuing last week’s selloffs at the start of the week but rallying after Trump announced a pause on tariffs on Wednesday. While the majority of market indexes ended the week in the green, they were still down significantly from the start of April.

In Canada, the S&P/TSX Composite Index (INDEXTSI:OSPTX) gained 2.74 percent during the week to close at 23,587.80 on Friday, the S&P/TSX Venture Composite Index (INDEXTSI:JX) soared 11.49 percent to 615.80 and the CSE Composite Index (CSE:CSECOMP) rose 4.07 percent to 109.68.

US equity markets were highly volatile this week, but posted significant gains by close on Friday, with the S&P 500 (INDEXSP:INX) adding 8.27 percent to close at 5,363.35, the Nasdaq 100 (INDEXNASDAQ:NDX) gaining 11.44 percent to 18,690.05. However, the Dow Jones Industrial Average (INDEXDJX:.DJI) shed 7.41 percent to 38,314.85.

The combined effects of tariffs, equity market volatility, and instability in US Treasury bonds pushed the US dollar index (DXY) to three-year lows this week, hovering around the 100-point mark at the end of the day on Friday.

The sinking dollar helped push commodities higher, sending the gold price to a new high of US$3,244.30 per ounce on Friday. It pulled back slightly from the high to close the week up 6.49 percent at US$3,235.70. The silver price posted even stronger gains, rising 9 percent during the period to US$32.22.

In base metals, the COMEX copper price surged 9.81 percent over the week to US$4.59 per pound. Meanwhile, the S&P GSCI (INDEXSP:SPGSCI) gained 0.94 percent to close at 525.15.

Top Canadian mining stocks this week

So how did mining stocks perform against this backdrop?

Here’s a look at this week’s five best-performing Canadian mining stocks below.

Stock data for this article was retrieved at 4:00 p.m. EDT on Friday using TradingView’s stock screener. Only companies trading on the TSX, TSXV and CSE with market capitalizations greater than C$10 million are included. Companies within the non-energy minerals and energy minerals sectors were considered.

1. Tethys Petroleum (TSXV:TPL)

Weekly gain: 122.22 percent
Market cap: C$183.77 million
Share price: C$1.60

Tethys Petroleum is an oil and gas exploration and production company focused on advancing operations in Kazakhstan.

The company holds a portfolio of production contracts in the North Ustyurt basin north of the Aral Sea. The properties consist of the Kyzyloi production contract, the Akkulka and the Kul-Bas exploration licenses and production contracts.

In its Q3 2024 update released on November 26, the company indicated it produced 259,513 barrels of oil and 22.14 million cubic meters of natural gas through the first nine months of 2024.

Its oil production represented a 75 percent fall off from its 2023 production totals and owed to the ending of exploration contracts and pilot production in October 2023. It noted that test oil production from some wells was restarted and produced during Q2 and Q3 2024.

Shares in Tethys rose this past week, but it has not released news since February 3 when it provided a corporate update.

In the release, the company stated it had withdrawn its application to transition its contract for the Kul Bas field to a production contract. The company determined that it would achieve higher revenue by selling through current channels under a testing production contract rather than a full production contract.

It also mentioned that it had entered into an agreement with NatGaz to be a buyer of Tethys. Under the terms of the deal, NatGaz began accepting gas from Tethys on February 17, and the agreement is expected to generate over US$700,000 per month in revenue.

2. Onyx Gold (TSXV:ONYX)

Weekly gain: 90.91 percent
Market cap: C$20.2 million
Share price: C$0.42

Onyx gold is an exploration company advancing its Munro-Croesus project, located near Timmins in Ontario, Canada. The company has increased the size of the land package by 200 percent between 2020 and 2024, and the project now covers an area of 95 square kilometers.

Munro-Croesus hosts the historic Croesus mine, which produced 14,859 ounces of gold between 1915 and 1936 with an average grade of 95.3 grams per metric ton (g/t). Onyx is the first company to explore the property since the mine closed.

Shares in Onyx surged this week after it released drill results from the project on Thursday. In the release the company highlighted a broad mineralized assay from a newly identified gold zone, with an average grade of 3.4 g/t gold over 69.6 meters, including an intersection of 38.5 g/t gold over 3 meters.

Onyx also said it had signed an option agreement to acquire a 100 percent interest in a 21 hectare land package contiguous with the property’s Argus North zone.

3. Angus Gold (TSXV:GUS)

Weekly gain: 68.89 percent
Market cap: C$45.25 million
Share price: C$0.76

Angus Gold is a gold exploration company focused on its Golden Sky project in Northern Ontario, Canada.

The project covers an area of 261 square kilometers and includes the Dorset Gold Zone, which has near-surface mineralization. According to a 2020 technical report, the zone contains an indicated historic mineral resource estimate of 40,000 ounces of gold from 780,000 metric tons of ore with an average grade of 1.42 g/t, along with an additional inferred resource of 180,000 ounces from 4.76 million metric tons of ore with a grade of 1.19 g/t.

Angus shares posted gains this week after it announced on Monday that it had entered into a definitive agreement in which Wesdome Gold Mines (TSX:WDO,OTCQX:WDOFF) will acquire all of the issued and outstanding common shares of Angus. Wesdome currently owns a 10.4 percent stake in Angus or 14.9 percent on a partially diluted basis.

Under the terms of the agreement, each Angus share will be exchanged for an aggregate value of C$0.77, representing a 59 percent premium over its 20-day volume weighted average as of April 4.

The transaction will consolidate the Golden Sky project with Wesdome’s Eagle River project into a 400 square kilometer contiguous land package.

4. Lara Exploration (TSXV:LRA)

Weekly gain: 63.64 percent
Market cap: C$72.67 million
Share price: C$1.80

Lara Exploration is a copper miner, explorer and royalty generator focused on South America.

For 2024, its primary asset has been the Planalto copper project in the Carajas Mineral Province in Pará, Brazil. The property comprises five mineral tenements covering a total area of 3,867 hectares. More than 23,000 meters of drilling have been conducted, and three primary deposits — Homestead, Cupuzeiro and Planalto — have been identified.

The most recent news from the project came on October 17, when Lara filed the technical report for its maiden resource estimate, which outlines a total indicated resource of 252,800 MT of copper from 47.7 million MT of ore with an average grade of 0.53 percent copper. The report also outlines an inferred resource for Planalto of 548,900 MT of copper from 154 million MT of ore with an average grade of 0.36 percent copper.

Lara also owns a 5 percent net profit interest, along with a 2 percent net smelter return royalty, in the Celesta copper mine in Brazil. Its partners are private companies Tessarema Resources and North Extração de Minério.

On November 12, Lara announced that operations had restarted at the mine after it had been placed on care and maintenance while Tessarema worked to reinstate permits to the property. In the release, Lara said that mining and ore processing from stockpiles began in October and is expected to ramp up gradually over the coming months.

Shares in Lara rose this past week, but the company has not released updates from the project in 2025.

5. Fortune Bay (TSXV:FOR)

Weekly gain: 52.5 percent
Market cap: C$28.24 million
Share price: C$0.61

Fortune Bay is a gold and uranium exploration company that is working to advance its Murmac uranium project in Saskatchewan, Canada.

The project is located within the Athabasca basin and consists of 17 mineral claims over an area of 10,363 hectares. Historic exploration at the site has identified a near-surface prospect with a 30-kilometer strike length. Work in the 1980s discovered numerous occurrences with greater than 1 percent uranium oxide.

Since 2023, exploration at Murmac has been funded by an option agreement with Aero Energy (TSXV:AERO,OTC Pink:AAUGF), which has the opportunity to acquire a 70 percent interest in the project by providing C$6 million in exploration expenditures over a period of three and a half years.

On February 20, Fortune Bay announced winter drill targets at Murmac. The company said the targets were supported by the completion of a radon-in-water survey at Howland lake, which identified three anomalies that overlie electromagnetic conductors and represent graphite-rich host rocks.

The company announced on March 19 that it began the drill program, which is expected to include up to six holes over about 900 meters.

Fortune’s most recent news came on Monday when it increased a non-brokered private placement to raise gross proceeds of up to C$3 million. The company said the funds raised would go towards advancing its projects and general corporate purposes.

FAQs for Canadian mining stocks

What is the difference between the TSX and TSXV?

The TSX, or Toronto Stock Exchange, is used by senior companies with larger market caps, and the TSXV, or TSX Venture Exchange, is used by smaller-cap companies. Companies listed on the TSXV can graduate to the senior exchange.

How many mining companies are listed on the TSX and TSXV?

As of February 2024, there were 1,572 companies listed on the TSXV, 905 of which were mining companies. Comparatively, the TSX was home to 1,859 companies, with 181 of those being mining companies.

Together the TSX and TSXV host around 40 percent of the world’s public mining companies.

How much does it cost to list on the TSXV?

There are a variety of different fees that companies must pay to list on the TSXV, and according to the exchange, they can vary based on the transaction’s nature and complexity. The listing fee alone will most likely cost between C$10,000 to C$70,000. Accounting and auditing fees could rack up between C$25,000 and C$100,000, while legal fees are expected to be over C$75,000 and an underwriters’ commission may hit up to 12 percent.

The exchange lists a handful of other fees and expenses companies can expect, including but not limited to security commission and transfer agency fees, investor relations costs and director and officer liability insurance.

These are all just for the initial listing, of course. There are ongoing expenses once companies are trading, such as sustaining fees and additional listing fees, plus the costs associated with filing regular reports.

How do you trade on the TSXV?

Investors can trade on the TSXV the way they would trade stocks on any exchange. This means they can use a stock broker or an individual investment account to buy and sell shares of TSXV-listed companies during the exchange’s trading hours.

Article by Dean Belder; FAQs by Lauren Kelly.

Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Lauren Kelly, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

Will Rhind, CEO of GraniteShares, discusses gold’s ongoing price momentum and latest all-time high, saying he sees fear as a key driver right now.

However, increasing M2 money supply is also an important underlying factor for the yellow metal.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com