Sprotting a Winner: A Deep Dive Guide To Junior Gold Stocks
Monday’s market mover was Spanish Mountain Gold (TSXV: SPA), an uncomplicated company that affords us a chance to bring readers a more general look at the mechanics of junior gold companies as a trade. Spanish Mountain is a $110 million market cap gold company, developing a deposit of the same name in BC’s Caribou region. […]
Biden Pledges $775 Billion Towards Universal Child and Elder Care
As the US presidential election approaches, candidates have been rampantly shelling out ideas from their tickle trunk of voter bait in order to appear more sincere and caring to the American public – especially during a time of crisis. And, it appears that Democratic nominee Joe Biden has been doing just that – the former […]
EU Leaders Finally Agree on $858 Billion Bailout, $1.3 Trillion Budget to Rebuild Coronavirus-Stricken European Economy
Since the beginning of the coronavirus pandemic, the European Union has been dealing with a severe economic fallout, with countries such as Spain and Italy struggling with a savage recession following a soaring amount of infections and deaths. Some of Europe’s hardest-hit countries are in dire need of financial relief to help boost what is […]
Organigram Holdings: Numerous Analysts Cut Price Targets On Poor Earnings
Yesterday, Organigram Holdings (TSX: OGI) (NASDAQ: OGI) released its financial statements for the third quarter of 2020. The company reported net revenue of C$18.0 million, down ~22% quarter over quarter and below many estimates. Many analysts attributed the lower estimates to losing market share and complications from the temporary layoff of 400 employees at the […]
Delinquency Rate for CMBS Loans Soars for Third Straight Month, Reaches 10.5% in June
During the height of the pandemic, the US economy suffered a serious blow, resulting in soaring unemployment numbers, bankruptcies, and of course- rampant loan delinquencies. According to Trepp, which provides analysis and insights into commercial mortgage-backed securities (CMBS) and financial markets, the CMBS delinquency rate has been soaring for the past three months, and has […]
Silver Futures Continue To Breakout, Rise Above $23
While much of the world is under some form of economic turmoil amid the coronavirus pandemic, the demand for precious metals has been steadily increasing. For the first time since 2016, silver futures reached $20 on Monday, despite falling to the lowest price since 2009 just a few months prior. In the two days since, […]
Sunniva To Sell Okanagan Falls Property For Net Proceeds Of $3.2 Million
It seems Sunniva Inc (CSE: SNN) is back at it again. The company announced this morning that it has entered yet another purchase and sale agreement for its Okanagan Falls property in British Columbia, this time for less than a third of the original sale price announced over a year ago. This time, the company […]
Blackrock Gold To Raise $7.5 Million At $0.72 Per Unit
It appears that the recent assays of 2,198 grams per tonne silver equivalent announced by Blackrock Gold (TSXV: BRC) have drawn the eyes of famed investor Eric Sprott. The company announced this morning that it will be conduct a private placement for gross proceeds of $7.5 million, of which Sproot intends to take $5.0 million. […]
GoGold Drills 5.4 Metres Of 922.5 G/T Silver Equivalent At Los Ricos South, Accelerates Warrants
GoGold Resources (TSX: GGD) this morning announced the results of six drill holes conducted at its Los Ricos South project, with drilling taking place at three separate targets on the property. Further, the company subsequently announced that it will be conducted an accelerated warrant expiry on warrants issued just months ago at the end of […]
Karora Resources Sells 28% Stake In Dumont For $7.4 Million Up Front Payment, Announces Share Consolidation
Karora Resources (TSX: KRR) announced this morning that it has sold its interest in the Dumont Nickel Project to two private funds, for total potential consideration of $48 million, however that figure is significantly lower at closing. Further, the company announced that it will also be conducting a share consolidation within the coming weeks. With […]