Bank of Canada Warns Surging Housing Prices Are Creating Household Debt Risks
The Bank of Canada has raised concerns about the country’s accelerating household debt risks, as housing prices continue increasing due to speculative activity in the real estate market. In the Bank of Canada’s annual Financial System Review published on Thursday, the central bank draws attention to growing signs that Canadians are purchasing homes under the […]
Janet Yellen Concedes, Proposes 15% Minimum Global Corporate Tax Rate
The US Treasury Department has decided to back down from its initial 21% global minimum corporate tax rate, and instead proposed a minimum rate of 15% during Thursday’s OECD international tax negotiations. The latest proposal, led by Treasury Secretary Janet Yellen, was made during an OECD tax group meeting regarding profit shifting and base erosion. […]
Verano: Haywood Securities Reiterates $36 Price Target
Earlier this week, Verano Holdings (CSE: VRNO) reported its first-quarter financial results. The company reported its numbers on a pro-forma consolidated basis, indicating revenue of $143 million, with gross profit coming in at $89 million, or a 62% margin. They had an adjusted EBITDA of $75 million or 52%, the highest in the industry. The […]
PetroShale Reports Q1 Revenues Of $43.4 Million
PetroShale Inc. (TSXV: PSH) yesterday announced their operating results for the first quarter of 2021. Revenues from natural gas and petroleum sales totaled $43.4 million during Q1, showing a 16% increase over the last quarter of 2020. Net loss totaled out to $42.6 million for the quarter. Operating costs per Boe were recorded at $10.18, […]
Newtopia Sees Revenues Decline To $2.6 Million In Q1 2021
Newtopia Inc. (TSXV: NEWU) last night released its financial results for Q1 2021. The company posted revenues of $2.6 million, as compared to $3.9 million in Q1 of last year. They further recorded a net loss of $2.27 million. Newtopia recorded a gross profit of $1.3 million, as compared with last year’s same quarter which […]
Starr Peak Expands Drill Program To 20,000 Metres
Starr Peak Mining (TSXV: STE) has expanded its currently ongoing drill program. The company this morning announced that it would be expanding its current program to 20,000 metres, while adding a third rig as it explores its NewMetal property in the Abitibi region of Quebec. Initially pegged at 5,000 metres, the firms drill program began […]
Centerra Gold Takes Former Director To Court Related To Kumtor Mine Seizure
Centerra Gold Inc. (TSX: CG) announced Thursday that it has started court proceedings in the Ontario Superior Court of Justice against its former director Tengiz Bolturuk. This action is in response to his alleged role in the recent seizure of the Kumtor mine by the Government of the Kyrgyz Republic. Bolturuk, a Canadian and Kyrgyz […]
O2Gold Releases Details of 2021 Drill Program
O2Gold Inc (TSXV: OTGO) this morning announced that it has identified the first targets as part of a planned drill campaign. The drill program, pegged at an initial 10,000 metres, is to take place on the properties recently acquired from Grupo de Bullet in Colombia. The planned drill campaign has seen the first 2,000 metres […]
Silvercorp Earns US$192.1 Million In Revenue, US$46.4 Million Net Income For FY2021
Silvercorp Metals Inc. (TSX: SVM) announced Thursday the company’s financial and operational results for its fiscal year ending March 31, 2021. The results highlighted US$192.1 million in annual revenue, a 21% increase from 2020’s revenue of US$158.8 million. The company also recorded US$46.4 million in net earnings for the year, a 35% climb from last […]
Imperial Helium Set To Begin Trading Today
Imperial Helium (TSXV: IHC) is the latest issuer to hit the TSX Venture Exchange. The company is set to list its common shares under the symbol “IHC” effective this morning. Focused on the growing helium space, the firm is a junior explorer with eyes on conducting its first production tests and well drilling in the […]