AUX Resources Begins Drill Program In Golden Triangle
AUX Resources (TSXV: AUX) this morning announced that it has begun a two drill, 3,500 metre diamond drilling program at the Georgia Project, the firms flagship property located within British Columbia’s Golden Triangle, just south of Stewart. The drill program is being conducted as a follow up to the previously announced field study initiated by […]
Canopy Growth Reports Revenues of $110.4 Million, Net Loss of $128.3 Million For Q1 2021
Canopy Growth Corp (TSX: WEED) (NYSE: CGC) this morning reported its first quarter financials for the period ended June 30, 2020. The company reported net revenues of $110.4 million, while posting a net loss of $128.3 million for the quarter, a marginal increase over revenues of $107 million in the fourth quarter of fiscal year […]
Cronos Group: Canaccord, PI Reiterate Ratings, Adjust Revenue Estimates
Cronos Group (TSX: CRON) (NASDAQ: CRON) reported its second quarter financials on August 6 pre-market, reporting revenue of U$9.9m, which is a 17% increase on a quarter over quarter basis. However, the results also representd Cronos’ its fourth consecutive gross profit loss. Cronos Group currently has 12 analysts covering the stock. Three analysts have buy […]
US Oil Rig Count Drops to Record Low as Shale Industry Struggles to Remain Viable
Although the recent slight increase in oil prices has prompted some US producers to begin drilling again, it appears that America’s oil industry still hasn’t reignited the recovery process According to data compiled by Baker Hughes, the number of active oil rigs fell by another 4 this week, bringing the record-low to a total of […]
Toronto Housing Market Unfazed by Pandemic, Sales Record Set in July
The housing market in the Greater Toronto Area appears to be triumphant throughout the economic effects of the coronavirus pandemic, as July breaks a new sales record with a total of 11,081 homes sold. According to the latest data released by the Toronto Regional Real Estate Board (TRREB), the month of July saw a staggering […]
The Greats: Canada’s Notable Mining Financiers
Mining exploration, besides being a high-risk, high-reward endeavour, is a very capital intensive business. It can take many millions of dollars to take an exploration project from grassroots to an operating mine. Most exploration projects do not turn into mines, for a wide variety of reasons. However, it still takes a lot of money to […]
BP To Cut Oil Production by 40%, Invest Into Green Energy Instead
Following the Deepwater Horizon disaster back in 2010, BP not only had to significantly cut back its dividend payouts to shareholders, but also reinvent itself in face of extensive scrutiny. However, it appears that the UK oil company is once again forced into a major overhaul, after being hammered by low oil prices and reduced […]
American Household Debt Falls for the First Time in 6 Years, Credit Card Balances Drop by Record $76 Billion in Q2
While the coronavirus pandemic forced businesses across the US to shut their doors and millions of Americans to stay at home, total spending suffered a decline, causing credit card balances to fall for the first time in 6 years. According to data compiled by the New York Federal Reserve, American’s credit card balances dropped by […]
Canada’s Economy Only Recoups 418.5K Jobs in July, Suggesting Labour Market Recovery has Plateaued
Canada’s economy appears to be steadily improving from the effects of the coronavirus pandemic, as 55% of the nearly 3 million lost jobs from March and April have been recuperated. However, the recent gains suggest that Canada’s labour market recovery may be slowing down. According to Statistics Canada’s July Labour Force Survey, employment numbers increased […]
Riverside Resources to Spinout Silver Asset as Capitan Mining with Special Dividend
This month Riverside Resources (TSXV: RRI, OTC:RVSDF) will be spinning out it’s wholly owned silver asset in Durango, Mexico in the form of special bonus shares to its existing shareholders. The transaction is simple. Riverside shareholders will receive 17.5 million shares of Capitan Mining (TSXV: CAPT), with the new company raising an additional $3.5M cash […]