Yamana Gold Becomes Strategic Investor In Freeman Gold
Yamana Gold (TSX: YRI) has become a strategic shareholder in Freeman Gold (CSE: FMAN), with the issuer taking a 5% position in the Idaho-focused gold explorer. The position was acquired through the sale of a back-in right that Yamana previously held on five patented claims now held by Freeman Gold. Freeman, in an effort to […]
Karora Resources Discovers New Gold Zones At Beta Hunt Mine
Karora Resources (TSX: KRR) released a rather lengthy update this morning related to drill results for its Beta Hunt Mine, which includes new mineralization found at the northern end of the mines current resource. Drilling discovered a new gold footwall zone at the Western Flanks zone, in addition to additional nickel mineralization being found at […]
AUX Resources Acquires Silver Crown, Independence Properties In BC’s Golden Triangle
AUX Resources (TSXV: AUX) this morning announced that it closed the acquisition of Isla Gold Corp, whom controls 100% of the Independence and Silver Crown properties located north of Stewart, British Colombia within the prolific golden triangle. Exploration has already begun on the property, with a field crew mobilized in early August to identify drilling […]
Aurora Cannabis Names New CEO, Announces Over $1.8 Billion In Q4 Writedowns On Declining Revenues
Aurora Cannabis (TSX: ACB) (NYSE: ACB) this morning finally announced their new CEO, whom as it turns out was an internal candidate from the company that came from a recent business acquisition. Further, the company announced a corporate update related to the fourth quarter of 2020 and its a doozy – the company, among other […]
US Labour Market Shows Signs of Rebound as Unemployment Rate Falls to 8.4% in August
South of the border, it appears that the US labour market has been the subject of steady recovery. According to the latest data released by the Department of Labour (DOL), the unemployment rate declined from 10.2% to 8.4% in August, as the fourth consecutive month continues to see improvement. However, a large portion of the […]
Health Canada’s Move To Approve Home Based COVID-19 Testing Bodes Well For Relay Medical
Last week, Health Canada formally changed its stance on at-home COVID-19 test kits as it looks to get a tighter grasp on the spread of the disease within the country. After prior statements in June where the agency indicated that it would not be supporting such testing procedures, they have now evidently changed their tune. […]
Market Movers: Environmental Waste International
Environmental Waste International (TSX.V:EWS) came out of nowhere to lead the TSX Venture exchange in volume Tuesday, the obscure issue climbing +$0.16 from $0.10 to $0.26 on 8.5 million shares of volume, a 160% gain on the day, and the highest close it printed since anyone could remember. The sudden relevance has to do with […]
And So The Trail of Confusion Begins! Billions of Dollars in SMB Loans Were Issued Fraudulently
When one is suddenly faced with a catastrophic calamity such as a global pandemic at their door, the swift corrective measures that quickly ensue are sure going to come riddled with a few wrinkles here and there. Well, that is exactly what happened when the Fed unveiled the $659 billion Paycheck Protection Program back in […]
Cowen & Co Issues US Cannabis Update, Remains Bullish on Green Thumb, Cresco, Curaleaf
On the first of the month, Cowen and Co sent out an industry update specifically for the U.S. multi-state operators, which analyst Vivien Azer headlines “MSO earnings review adds to our conviction on US operators.” Azer reiterates Cowen’s Outperform rating on Green Thumb, Cresco Labs, and Curaleaf within the report Cowen’s top pick for the […]
Record 2 Million Jobs Were Permanently Cut Since Beginning of 2020 as COVID-19 Continues to Batter US Labour Market
Despite the lifting of restrictions and reopening of economies across many states, the US labour market still remains in a slump, unable to gain a substantial foothold. Although initial jobless claims have once again fallen below 1 million during the week ending on August 29, the damage to the labour market remains deep, with employers […]