IAMGOLD: Analysts Lower Price Targets Following Q4 Prelim Results

Yesterday,  IAMGOLD Corp (TSX: IMG) released their preliminary operating results for the fourth quarter and year-end, while also providing guidance for 2021. Gold production came in at 653,000 ounces, while gold sales of 646,000 ounces were filed for the year. Total costs are expected to be between $980 – $1,010 per ounce, and all-in sustaining […]

Bank of Canada Upholds Commitment to Keep Overnight Rate Unchanged Until 2023

The Bank of Canada reiterated its stance on keeping interest rates historically low in order to support Canada’s economic recovery amid a resurgence of infections and resulting lockdowns. On Wednesday, policy makers at Canada’s central bank decided to keep the overnight rate at 0.25%, while restating the promise to keep borrowing costs subdued until the […]

Revive Therapeutics Doubles Bought Deal Financing To $20.0 Million

Revive Therapeutics (CSE: RVV) has upsized the bought deal financing announced last night. Originally pegged at $10.0 million in gross proceeds, the company has now doubled the offering to $20.0 million on the back of strong demand. The financing will see units of the company sold at a price of $0.50 per unit, with each […]

Starr Peak Exploration Begins 2021 Drill Program At NewMetal Property

Starr Peak Exploration (TSXV: STE) issued a brief release this morning, identifying that drilling has commenced on its NewMetal property in the Abitibi region of Quebec. The program is anticipated to be roughly 5,000 metres in size. Drilling within the program is to be focused on what is referred to as the Main bloc of […]

SPAC-tacular: Playboy Enterprises is Going Public

This morning SPAC Mountain Crest Acquisition Corp (NASDAQ:MCAC) announced they filed a definitive proxy statement with the SEC for a proposed merger with privately-held Playboy Enterprises Inc. We are delighted to enter the final weeks of our go-public process, launch our next phase of growth as a public company and do so under the ‘PLBY […]

Pegasus Resources Assays 35.5% Copper, 360 G/T Silver In Samples At Vertebrae Ridge

Pegasus Resources (TSXV: PEGA) this morning released the results of its fall 2020 prospecting program that was conducted at its recently optioned Vertebrae Ridge property near Golden, BC. Highlight results from the prospecting program include sample assays of 35.5% copper and 360 g/t silver. The Vertebrae Ridge property in total covers 7,094 acres roughly 81 […]

Verano Closes US$100 Million Financing

Verano Holdings has completed its subscription receipt financing, raising gross proceeds of US$100.0 million. The closing of the financing was a condition of the reverse takeover transaction of Majesta Minerals, which will see Verano go public on the Canadian Securities Exchange. The financing was conducted through a special purpose numbered company, which saw the firm […]

QYOU Media Hits Monetization With Initial Orders From Leading Brands

Monetization has finally arrived for QYOU Media (TSXV: QYOU). The company this morning announced that it has commenced monetization efforts via early Q1 ad sales for its flagship The Q India channel. The company has seen initial orders from leading national brands that include Britannia, Airtel, SBS Biotech, and Reckitt Benkiser. After years of working […]

QMX Gold To Be Acquired By Eldorado Gold In $132 Million Transaction

Consolidation within the mining sector continues this morning, with the announcement that Eldorado Gold (TSX: ELD) will be acquiring that of QMX Gold Corp (TSXV: QMX) in a friendly transaction. The total transaction is valued at $132 million, and is to take place in the form of both cash and shares. Under the terms of […]