Business
Raytheon Wins $745 Million MDA Contract for SM-3 IIA Interceptors
Raytheon, an RTX business, won a $745 million Missile Defense Agency contract for SM-3 IIA interceptor production and sustainment through 2031.
Mining
SSR Mining Shares Fall After Q2 Costs Climb and Output Slips
SSR Mining reported Q2 production of 101,959 gold-equivalent ounces and AISC of $2,622 per ounce, while maintaining a $0.03 quarterly dividend.
-
British Columbia clears Vitreo's Angus silica sand mine after environmental review
British Columbia issued an environmental assessment certificate for Vitreo's $300 million Angus silica sand mine, letting the project advance to permitting.
-
Cameco restarts Cigar Lake as McClean Lake mill returns to service
Cameco has resumed production at Cigar Lake after Orano restarted the McClean Lake mill, with 2026 output guidance unchanged at 17.5-18.0 million lb.
-
Cameco Halts Cigar Lake Mining After Acid Plant Failure at McClean Lake Mill
Cameco suspended Cigar Lake mining after a sulfuric acid plant failure at Orano's McClean Lake mill, with processing expected to resume in about two weeks.
-
Canada Pledges C$500 Million for Newmont’s Red Chris Copper Expansion
Canada pledged C$500 million to support Newmont’s Red Chris underground expansion in British Columbia after key approvals, ahead of a final investment decision.
Editor's Pick
Anthropic and OpenAI Test the Rules for Valuing AI Revenue
AI · · 6 min read
Combined private-market valuations above $1 trillion rest on revenue growth that is real but far smaller, forcing investors to separate consumption run rate from durable recurring revenue.
Read the full story