SSR Mining: Canaccord Reiterates $35 Price Target, Buy Rating
Yesterday, SSR Mining (TSX: SSRM) reported its third quarter results. SSR Mining reported revenue of $225.4 million and adjusted EPS of $0.49/share. They also initiated a $0.05 per share dividend starting in the first quarter of 2021 and raised their full year production guidance to 680,000 – 760,000 gold equivalent ounces and an all-in sustaining […]
A Lot Of Money To Be Made At $1900 Gold – Spotlight Series feat Exploits Discovery Corp
Today on The Dive, we’re taking a break from the daily routine and bringing to you a Spotlight Series featuring that of Michael Collins, CEO of Exploits Discovery Corp (CSE: NFLD). Michael sits down with us to discuss not only the history of Exploits and where they’re headed, but the macro of the current gold […]
Goldman Sachs Projects Strong US Economy In 2021, But Notes Significant Obstacles Ahead
As the US continues to battle its second, significantly more severe wave of the coronavirus pandemic, many are beginning to wonder if the country’s economy will ever fully recover from its historic lows of March and April. Indeed, it may have to get even worse before it gets better, notes Goldman Sachs in its latest […]
Canaccord Adjusts Well Health Estimates, Leaves Ratings Unchanged
This morning, Canaccord Genuity raised their estimates on WELL Health Technologies (TSX: WELL) off the back of a strong third quarter but kept their 12-month price target and rating at C$8.50 and a speculative buy. Doug Taylor, Canaccord’s analyst, comments, “We remain positive on WELL Health following Q3 results, which featured a better revenue build […]
Zenabis Revenues Decline 13% In Third Quarter, Posts Net Loss Of $17.0 Million
Zenabis Global (TSX: ZENA) this morning released its third quarter 2020 financial results, reporting revenues of $23.7 million on a net basis, along with a net loss of $17.0 million. Revenues were down 13.3% on a quarter over quarter basis, with the company being quick to highlight that it had net revenue from the cannabis […]
Newlox Gold Resumes Production Of Gold In Costa Rica
Newlox Gold Ventures Corp (CSE: LUX) this morning announced that gold production has resumed. The company was forced to close its environmental remediation and gold production facility in Costa Rica as a result of an unavoidable COVID-19-imposed suspension of operations. The bright side to the closure, is that management was able to utilize the closure […]
Trillium Gold Acquires Final 16.5% Interest In Newman Todd Gold Property
Trillium Gold Mines (TSXV: TGM) has finally acquired the final portion of the Newman Todd Property, located in the Red Lake district of Ontario. The property, which Trillium previously owned an 83.5% stake in, will now see Trillium own a 100% interest. The final 16.5% of the 198 hectare property was acquired from that of […]
Mind Cure Health Announces $3.0 Million Financing
Mind Cure Health (CSE: MCUR) this morning announced that it is conducting a non-brokered private placement. The financing is looking to raise $3.0 million in gross proceeds at a price of $0.45 per unit. Each unit sold under the offering is to consist of one common share and one common share purchase warrant. Warrants have […]
Cineplex Reports Quarterly Revenue Decline of 85.4% Year Over Year
This morning Cineplex (TSX: CGX) released their financial results for the third quarter of 2020. As expected, they saw a massive decline in theatre attendance with a 91% decline from the same quarter in 2019. Of course, the company was impacted by COVID-19, where they just began opening many of their locations within the reporting period. […]
Village Farms Consolidated Revenue Falls 9.5% In Q3 2020, Sunfarms Revenue Climbs 75%
Village Farms (TSX: VFF) (NASDAQ: VFF) this morning reported its third quarter financial results, revealing total consolidated revenues of US$43.0 million, a decrease of 9.5% on a quarter over quarter basis, along with a net income of $0.5 million. Notably, revenues from its Pure Sunfarms joint venture were not consolidated within the quarter, given that […]