Goldman Sachs Reports Biggest Earnings in Over a Decade, Generates $2.42 Billion Profit
With a turbulent second quarter at an end, major US banks have begun releasing their financial reports. Wells Fargo released its financials on Tuesday, suffering its first quarterly loss since the Great Depression. The following day however, Goldman Sachs also released its financials, with a vastly different outcome. Second quarter earnings for Goldman Sachs were […]
Karora Resources Produces 24,078 Ounces Of Gold In Second Quarter
Second quarter production results were published by Karora Resources (TSX: KRR), whom was formerly known as RNC Minerals, this morning, with the firm revealing consolidated gold production of 24,078 ounces for the quarter ended June 30, 2020. Production for the six month period came in at a total of 48,894 ounces. Gold sales were slightly […]
Kootenay Silver Provides Assays For Five Additional Drill Holes At Columba Project
Kootenay Silver (TSXV: KTN) this morning released assay results from five additional drill holes at its Columba Property, located in Chihuahua State, Mexico. The additional drill work included highlights of 601 grams per tonne silver over 1.23 metres, and was conducted as step-out work along strike and to depth of previous intercepts made on the […]
PowerBand Solutions Begins Generating Revenue From Lease Originations
PowerBand Solutions (TSXV: PBX) this morning confirmed that lease originations have begun this week and are well underway, generating revenue for the company. The originations are occurring under MUSA Auto Finance, a subsidiary of PowerBand which recently acquired a $300 million financing facility from which it can conduct lease originations. Currently, originations are occurring in […]
Aurania Resources Reports High Grade Copper-Silver, Little Data Provided
Aurania Resources (TSXV: ARU) this morning reported that it has conducted analysis on certain rock samples from its Lost Cities Cutucu project, with one target area reporting 7% copper and 55 grams per tonne silver. The results come from the Tsenken N1 target area of the project, however details were rather slim on the sizing […]
Antibe Therapeutics Proposes Share Consolidation To Enable Potential Nasdaq Listing
It appears that Antibe Therapeutics (TSXV: ATE) is still mulling a share consolidation that it had previously received shareholder approval for, yet never put into effect. The company filed its notice of annual and special meeting of shareholders this morning on Sedar, which contained within a resolution related to a potential share consolidation for the […]
Trillium Gold To Conduct Exploration South Of West Red Lake’s NT Zone
This morning, Trillium Gold Mines (TSXV: TGM) announced that it will be beginning exploration drilling on its Newman Todd property in the Red Lake district. The announcement follows a hiatus of approximately seven years of exploratory activity on the property, and comes as neighboring West Red Lake Gold Mines (CSE: RLG) has conducted extensive drilling […]
Delta Airlines Posts $5.7 Billion Q2 Loss Amid Reduced Air Travel Demand
Although much of the US has been steadily lifting restrictions and reopening for business, Americans still continue to fear the soaring number of coronavirus cases. As a result, many have been avoiding activities that carry an elevated risk of potential infection, including air travel. The demand for air travel continues to remain low, as consumers […]
Toronto Pearson Airport Reports Further Layoffs, Anticipates Pre-Pandemic Level Recovery to Take 3-5 Years
Much like the stagnant demand for air travel south of the border, Canadian airports have also been feeling the freeze. As coronavirus cases continue to increase amid the reopening of economies and lifting of restrictions, consumers still continue to be leery of airplanes, and the heightened risk they carry for coronavirus transmission. As a result, […]
Wells Fargo Announces Losses of $2.4 Billion in Q2, Plans to Cut Dividends
As some of the largest US banks begin to release their second quarter results, investors can anticipate a reduction in earnings as many had to set aside significantly more liquidity in order to cover increasing loan losses. Conversely however, some banks will most likely also see a rise in fee income from the spike in […]