BMO Lowers IAMGOLD Price Target Following Westwood Layoffs
Yesterday, IAMGOLD Corp (TSX: IMG) announced a temporary workforce reduction to the tune of 437 workers or roughly 70% of its underground workforce at their Westwood mine. This comes after a seismic event happened, which was reported on November 2. IAMGOLD provided minimal commentary, instead indicating, “an update will be provided in early 2021.” Jackie […]
Eurozone Economy Plunges Into Further Decline Amid New Coronavirus Lockdowns
It appears that the eurozone is headed for yet another economic contraction amid soaring coronavirus infections and renewed lockdowns to curb the spread of the deadly virus. According to the latest IHS Markit survey, the flash eurozone PMI composite output index dropped from 50.0 in October to 45.1 in November, while the flash eurozone services […]
Noram Intersects 50 Metres Of Lithium Claystone On Second Hole In Drill Program
Noram Ventures (TSXV: NRM) this morning announced that drilling is ongoing at the Zeus property, with the company now drilling out Hole #7. The hole continues to be drilled out, with 50 metres of claystone already stated to have been intersected by the drill. The property itself is said to be situated on Esmeralda Formation […]
Tilray Exchanges $72.9 Million In Convertible Notes For Shares At 42% Discount
Tilray Inc (NASDAQ: TLRY) has entered into an agreement to exchange $72.9 million worth of its convertible notes to that of common stock. The transaction is said to have been privately negotiated with certain holders of its outstanding 5.0% convertible senior notes. The debt will convert to 6.4 million common shares of the issuer, given […]
Grande Portage Hits 20.70 G/T Gold Over 3.22 Metres At Herbert Gold Project
Further assay results have been released by Grande Portage Resources (TSXV: GPG) related to its 2020 drill campaign conducted at the firms Herbert Gold Project, located north of Juneau, Alaska. The additional results come from Pad T, the northern most pad on the property, and were released this morning, with the highlight being 20.70 g/t […]
Emerald Health Pays Off $25.5 Million Convertible Debentures
Emerald Health Therapeutics (TSXV: EMH) this morning announced that it has paid off its convertible debenture debt. The repayment is a result of the company receiving funds from the sale of its stake in Pure Sunfarms to Village Farms (TSX: VFF) (NASDAQ: VFF). In total, the company managed to pay off $25.0 million in principal, […]
Auxly Cannabis To Conduct $10.0 Million Bought Deal Financing
Auxly Cannabis (TSXV: XLY) is evidently in need of funds yet again. The company this morning announced a bought deal private placement to raise gross proceeds of $10.0 million. The offering is being conducted by Mackie Research, who is sole underwriter and bookrunner on the transaction. The financing will see a total of 33,333,400 units […]
Trillium Gold Acquires Confederation Lake Properties From Pistol Bay Mining For $1.75 Million
Trillium Gold Mines (TSXV: TGM) this morning announced that it has acquired the Confederation Lake Properties from that of Pistol Bay Mining (TSXV: PST). Acquired for a total figure of $1.75 million, the transaction will be completed in a combination of cash and shares and will add over 15,000 hectares to Trillium’s land package in […]
Great Bear Hits 4.69 G/T Gold Over 101.50 Metres At LP Fault
Great Bear Resources (TSXV: GBR) this morning reported further results from its ongoing drill program at its flagship Dixie project. Results released this morning were impressive, with all the results coming from the LP Fault drill grid, where the company is currently focused on “undrilled gaps” on the grid. The major highlight comes from hole […]
Tinley Beverage Completes Commissioning At Long Beach
The Tinley Beverage Company (CSE: TNY) this morning issued a brief update to the market, announcing that the company has finally completed commissioning at its Long Beach, California cannabis beverage bottling facility. The completion follows the production of full scale batches of all its cannabis infused beverages at the facility. Now that the commissioning has […]