Industrial Product Price Index Declines for First Time Since November 2020
Following what were several months of skyrocketing price increases, the Industrial Product Price Index (IPPI) fell by 0.4% in June, as wood prices finally eased their record-breaking price acceleration. Despite last month’s decrease, the IPPI was still 16.2% higher compared to year-ago levels. Lumber and other wood products were largely responsible for the decrease, as […]
Oncology Firm Erasca Eyes US$300 Million IPO
Precision oncology company Erasca Inc. (NASDAQ: ERAS) began trading on the Nasdaq Global Select Market today under the symbol “ERAS”. The firm’s initial public offering is looking to raise US$300.0 million and is expected to close on July 20, 2021. The offering will be conducted through the issuance of 18,750,000 common shares selling at US$16.00 […]
Jerome Powell Once Again Defends Fed’s Dovish Response to Surging Inflation
Fed Chair Jerome Powell spent Wednesday and Thursday defending the central bank’s ultra-dovish monetary policy, as he faced a bombardment of questions from irritated Republicans and Democrats alike in response to skyrocketing inflation. In a series of prepared explanations to questions from lawmakers, Powell asserted that the US economy still has a long ways to […]
AMC Entertainment: The Short Squeeze, Explained
Hey Guys. I keep getting all these DMs about the AMC short squeeze. Asking me if I am going to join the Ape Army, and if I think the stock can be squeezed to $500. I want to look at the events that have led up to the AMC short squeeze, where we sit today, […]
OceanaGold Produces 93,848 Ounces Of Gold In Q2 2021
OceanaGold Corporation (TSX: OGC) today disclosed the company’s preliminary production and operational costs for the second quarter. The company reported consolidated gold production of 93,848 ounces. Gold production in the second quarter came at an AISC of $1,226 per ounce, with the company selling a total of 95,934 ounces of gold over the quarter. Further […]
True Wind Capital-Backed SPAC Bilander Acquisition Aims For US$150 Million IPO
Special purpose acquisition company Bilander Acquisition Corp. (NASDAQ: TWCBU) started listing its units on the Nasdaq Capital Market today under the symbol “TWCBU”. The firm is looking to raise US$150.0 million through its initial public offering. The offering consists of 15.0 million units priced at US$10.00 per unit. Each unit is composed of one common […]
K92 Mining Reports 25,015 Gold Equivalent Ounces Produced For Q2 2021
K92 Mining Inc. (TSX: KNT) reported on Thursday its quarterly production results for Q2 2021 at its Kainantu gold mine in Papua New Guinea, highlighting a gold equivalent production of 25,015 ounces. This is an increase from Q1 2021’s production of 18,912 gold equivalent ounces but still a decline from Q2 2020’s production of 26,847 […]
B2Gold Produces 211,612 Gold Ounces In Q2 2021, Exceeds H1 2021 Guidance
B2Gold Corp. (TSX: BTO) announced Thursday its quarterly production results for Q2 2021, posting gold production of 211,612 ounces. This is a decrease from Q1 2021’s production of 220,644 gold ounces. This quarter’s production includes the consolidated yield of 197,380 gold ounces from the company’s properties, namely the Fekola mine in Mali, the Masbate mine […]
Binance Ends Stock Token Support Immediately Following Additional Regulatory Crackdowns
It appears that Binance is finally waving the white flag. The company this morning issued a statement indicating that it is “ceasing support for stock tokens.” The halting of the tokens follows a global regulatory crackdown being experienced by the firm, with the Hong Kong Securities and Futures Commission the latest to indicate that the […]
Perpetual Energy To Vend Clearwater Assets Into New Firm To Restructure Balance Sheet
Perpetual Energy (TSX: PMT) this morning announced that it is effectively spinning out certain of its assets to enable the company to better manage its balance sheet. The company has formed Rubellite Energy, which is to take over the firms Clearwater assets in Northern Alberta. The transaction will see Rubellite effectively acquire all of the […]