Canacol: BMO Reiterates Market Perform Rating Following 2022 Guidance
On December 15th, Canacol Energy Ltd. (TSX: CNE) provided its 2022 sales and capital guidance. The company is now guiding for natural gas sales volume to be between 150 and 200 MMscfpd, with EBITDA being between $163 to $230 million in 2022. The capital expenditures in 2022 are expected to total between $172 and $209 […]
Skeena Closes $30.9 Million Financing From Franco-Nevada
Skeena Resources (TSX: SKE) has closed its previously announced private placement. The firm indicated on Friday that it had closed the financing, which was fully subscribed to by Franco-Nevada (TSX: FNV). The financing saw Franco-Nevada subscribe to 1.47 million flow through shares of the company, with each share being pegged at $21.00 per each. The […]
Eldorado Gold: BMO Reiterates $20 Price Target After Skouries Feasibility Study
On December 15th, Eldorado Gold (TSX: ELD) announced the results of the Skouries Project feasibility study. The mine has an IRR of 19% after-tax based on a long-term gold price of $1,500, while the IRR goes up to 24% if you use the current spot price of gold of $1,800. The mine has an estimated […]
Canoo Shifts Plans to Build its First Vehicles in the Netherlands to Arkansas
In mid-December 2021, Canoo Inc. (NASDAQ: GOEV), a start-up electric vehicle manufacturer, reported another change in its strategy. The company now plans to begin building its all-electric Lifestyle Vehicle in a facility in the U.S state of Arkansas. In June 2021, Canoo had announced that it would utilize the Netherlands’ VDL Nedcar as a contract manufacturer to produce […]
Equinox Gold: Mercedes Mine Sale Was “A Favourable Sale Price For A Non-Core Asset”
On December 17th, Equinox Gold (TSX: EQX) announced that they reached an agreement to sell their Mercedes Gold Mine for US$125 million and a 2% net smelter return. The deal consists of $100 million in cash and 24,730,000 shares of Bear Creek, worth roughly $25 million. Equinox Gold currently has 12 analysts covering the stock […]
Canada’s Economy Reaches Pre-Pandemic Levels for First Time Ever In November
Canada’s economy continued to expand throughout October and November, and has finally reached pre-pandemic levels for the first time since the beginning of the crisis. According to Statistics Canada, GDP rose 0.8% in October, with broad increases being noted across 17 of the 20 industrial sectors. Industries focused on producing goods rose 1.6%, while services-producing […]
Chinese EV Maker Nio Introduces New Vehicle; Illustrates Risks for North American OEMs
Investors have generally decided to award generous valuations to pre-revenue electric vehicle (EV) OEM developers, apparently believing that the opportunity is large enough that many such companies will ultimately produce highly sought-after vehicles. Phrased a little differently, the market for now has decided they will all be winners, the degree of their likely success being the […]
Canaccord Says Great Bear Royalties Is Next To Be Bought Out
With the many recently announced mergers and acquisitions in the gold producer space, Canaccord has increased their 12-month price target on Great Bear Royalties (TSXV: GBRR) to C$7.00 from C$5.50 and upgraded the name to a buy rating from hold, on the premise that Great Bear Royalties will be picked up during this wave of […]
Europe’s Energy Crisis Escalates as Prices Soar to Historic Record
Energy costs across Europe soared to the highest ever this week, amid widening natural gas shortages, reduced wind power output, outages at nuclear energy facilities, and swiftly-approaching cold temperatures. Natural gas prices across Europe surpassed $2,150 per cubic meter on Tuesday for the first time ever, which amounts to an approximate 27% increase to almost […]
General Motors Announces the First of a String of Expected Positive EV Developments
In what should prove to be the first in a string of positive electric vehicle announcements, General Motors Company (NYSE: GM) last week delivered its first five BrightDrop EV600 electric vans to FedEx. FedEx has ordered a total of 500 of the GM-manufactured vans, which have a range of around 250 miles and 600 square feet of […]