Kinross Gold: Multiple Analysts Raise Price Target Following Dividend Resumption
This week Kinross Gold (TSX: K) announced that they would be issuing their first dividend since 2013. They announced a dividend of U$0.03 and guided till 2023. The company said that production is expected to rise 20% to 2.9 million gold ounces in 2023 while slowly lowering the cost of sales and capital expenditures to […]
Ontario Provincial Government Imposes Rent Freeze for 2021
In the latest move to prevent the escalation of pandemic-induced challenges facing Canadians, the Ontario provincial government has announced it will be implementing a rent freeze in the forthcoming year. In 2021, Ontario tenants will not be subject to rent increases, as the province moves to put a freeze on residential rents. The new rules […]
S&P Global: India’s GDP Level Forecast to Contract by 9% Due to Pandemic
As the total number of coronavirus infections worldwide inches closer and closer to the 30 million mark, many countries continue to face unprecedented circumstances that are significantly hampering their economic wellbeing. It has been over six months into the pandemic, and despite extensive stimulus spending, many of those countries still are unable to make any […]
Market Movers: Manganese X & A Broader Look At Metals Minors
The number one trader on the TSX Venture Thursday was Manganese X Energy (TSXV: MN). The 9.5 million share volume day brought with it a $0.30 fall and a -60% retracement of the 160% price jump the company made over the prior three sessions. MN recovered some to close at $0.81 Friday. The 34 million […]
Alimentation Exercises $10.3 Million Warrants In Fire & Flower
Fire & Flower (TSX: FAF) has seen a recent infusion of cash come into the company’s coffers. Alimentation Couche-Tard (TSX: ATD.b) this evening announced that it has increased its exposure to the company through the exercise of 13,146,469 Series A common share purchase warrants. The exercise of the warrants increases Alimentation’s position in the company […]
Bank of England Considers Cutting Interest Rates Below Zero as Pandemic, Brexit Chaos Escalates
As many countries around the world grapple with collapsing economies whilst trying to get some sort of a recovery process underway, it appears that UK is facing a particularily difficult road ahead. The Bank of England has announced it will explore the possibility of allowing interest rates to slip into negative territory. The Bank of […]
Spruce Ridge To Commence 2020 Drill Program Next Week
Spruce Ridge Resources (TSXV: SHL) this afternoon announced that diamond drilling is to begin next week on its Great Burnt copper-gold project in south central Newfoundland. The program, at 3,500 metres in size, will focus on the original section lines on the property. The latest drilling that was conducted on the Great Burnt property occurred […]
Bullish Outlooks on Gold Continue to Rise as Swiss Investment Bank Anticipates Price to Surge Even Higher
As fears of inflation continue to mount in wake of further stimulus debates across many countries around the world, more and more financial institutions have been updating their bullish forecast on gold. Since the beginning of the year, the price of gold has skyrocketed almost 30%, with an increasing likelihood that it will continue rising. […]
Mariner Completes Acquisition, Changes Name To Exploits Discovery
Mariner Resources (CSE: RNR) has completed the previously announced acquisition of Exploits Gold Corp as of this morning. As a result, the company has changed its name to that of Exploits Discovery Corp (CSE: NFLD), along with its stock ticker. The changes are effective as of the open this morning. Exploits Discovery Corp holds strategic […]
SSR Mining Guides To Between 680,000 And 760,000 Gold Equivalent Ounces Of Production For 2020
SSR Mining (TSX: SSRM) (NASDAQ: SSRM) this morning updated the market with its full year 2020 outlook following the completion of its merger with Alacer Gold Corp. The company revealed this morning that it currently anticipates full year production of between 680,000 and 760,000 gold equivalent ounces on a consolidated basis, with all in sustaining […]