Top Italian Aide Urges ECB to Wipe Out Pandemic Debt in Effort to Help Countries Recover
As the coronavirus crisis continues to decimate the European economy, an increasing number of countries are finding themselves in significant amounts of debt due to their emergency expansionary fiscal policies. However, according to one top Italian government official, that debt should eventually be wiped out in order to help the hardest-hit nations recover and restructure […]
Airlines Expected to Lose $157 Billion as International Travel Slump Worsens
As the coronavirus pandemic continues to decimate the demand for air travel with its strict lockdowns and mandatory quarantine measures, many airlines around the word are on the brink of collapse. In fact, according to the International Air Transport Association (IATA), airlines are projected to lose a total of $157 billion in 2020 and 2021, […]
Copper Stock Heating Up? – The Daily Dive feat John-Mark Staude of Riverside Resources
Today on the Daily Dive, live direct from the Mexico Mining Conference in Guadalajara, Mexico is returning guest John-Mark Staude, CEO of Riverside Resources (TSXV: RRI). Today, John-Mark brings us his insights on commodities, with a focus on copper. Within, John-Mark outlines why he is bullish on copper and other related materials now that election […]
US Consumers Delve Into Savings to Keep up With Spending Habits as Incomes Tumble in October
As numerous stimulus programs that were part of the CARES Act ended over the summer, with the remainder set to expire by the end of December, more than 14 million Americans will soon end up with no emergency unemployment benefits unless Congress enacts another stimulus bill – and fast. However, it is becoming very apparent […]
Raymond James Provides Commentary On Village Farms’ Recent Run-Up
Earlier this week, Raymond James released a note on Village Farms (TSX: VFF) (NASDAQ: VFF), in an attempt to answer some questions about the companies recent ~55% increase. They cite their earnings coverage of Village, where they highlight the massive price mismatch and say, “VFF is trading at 5x 2022 EV/EBITDA, while its peers average […]
Struggling US Retailers Owe $52 Billion in Overdue Rent
The coronavirus pandemic has turned consumerism right on its head with its strict social distancing measures, supply chain disruptions, both temporary and permanent store closures, and e-commerce boom – which ultimately has left US retailers in a $52 billion hole of overdue rents. According to recent data compiled by CoStar Group Inc and later cited […]
Lundin Mining Begins Partial Resumption Of Operations At Candelaria
Operations have begun to resume on a partial basis at Lundin Mining’s (TSX: LUN) Candelaria operation, located in Chile, following the ratification of two collective agreements with local unions. Operations were previously shuttered in mid-October when multiple unions began strike action. The company this morning announced that the Candelaria Supervisors and LMC Supervisors Unions, which […]
Pure Extracts Announces Step Into Functional Mushroom Market
Pure Extracts (CSE: PULL) this morning released to the market its roadmap for the processing of functional mushroom formulations. Presently, the company is aiming for a first quarter 2021 launch of a new line of products into this niche, while also advancing the development of related delivery technologies. The company has indicted that it has […]
Kirkland Lake To Sell Off Majority Of Stake In Novo Resources For $45.3 Million
Kirkland Lake Gold (TSX: KL) this morning announced that it is looking to dispose of the vast majority of its ownership in Novo Resources Corp (TSXV: NVO). The company intends to do so via what essentially amounts to a private placement that is being facilitated through Stifel GMP and Clarus Securities. The transaction is expected […]
Indiva Posts Net Q3 Revenues Of $3.0 Million, Loss Of $3.6 Million
Indiva Limited (TSXV: NDVA) this morning reported its third quarter financial results, posting revenues of $3.0 million for the period ended September 30, 2020, along with a net loss of $3.6 million. Revenues were up on a quarter over quarter basis, with the second quarter seeing revenues of $2.6 million on a net basis comparatively. […]