Silvercorp Produces 1.8 Million Silver Ounces In Fiscal Q3 2022
Silvercorp Metals Inc. (TSX: SVM) announced on Thursday the company’s operational results for its fiscal third quarter ending December 31, 2021. The results came from the company’s China-based operations at Ying mining district and GC mine. The firm produced a total of 1.8 million silver ounces for the quarter, up from 1.7 million ounces both […]
Lundin Mining Hits 2021 Production Guidance With 262,884 Copper Tonnes
Lundin Mining Corporation (TSX: LUN) announced that it has met the 2021 annual production guidance for all its metals. The firm produced 262,884 copper tonnes for the year, hitting above the midpoint of its guidance of 255,000 – 267,000 tonnes. The company also produced 143,797 zinc tonnes, 167,000 gold ounces, and 18,353 nickel tonnes for […]
Ascend Wellness Takes MedMen To Court, Seeks To Enforce Investment Agreement
It seems Ascend Wellness Holdings, Inc. (CSE: AAWH.U) is not going to take the termination of its New York investment agreement with MedMen Enterprises Inc. (CSE: MMEN) lightly. The multi-state cannabis operator filed a lawsuit against the latter with the Commercial Division of the Supreme Court of the State of New York. The cannabis firm is […]
CP Claims CN’s Proposed Application For Springfield Line “Built On Factual Errors”
It seems the rivalry between Canada’s two major railways is not yet over. Canadian Pacific Railway Limited (TSX: CP) responded on Thursday to CN (TSX: CNR) regarding the latter’s intention to file a responsive application for the “Springfield Line” with the Surface Transportation Board. “CN’s proposal is built on a series of factual errors or […]
Revival Gold To Raise $10 Million Via Private Placement
Revival Gold (TSXV: RVG) this morning announced its latest round of financing. The firm is looking to conduct a non-brokered private placement, which will see a new institutional investor take an interest in the company. The financing will see the company look to raise $10.0 million via the sale of units at a price of […]
Decibel Cannabis Secures New Debt To Repay Convertible Debentures
Decibel Cannabis (TSXV: DB) is increasing its outstanding debt with a lender so as to be able to repay outstanding convertible debt. The additional funds come from connectFirst Credit Union, whom the currently last year entered into a credit facility with. The amended credit facility will see the company receive a total of $54 million […]
Scottie Resources Reports Intersect Of 11.8 g/t Gold Over 6.57 Metres
Scottie Resources (TSXV: SCOT) this morning released the latest assay results for its Scottie Gold Mine project in British Columbia, north of Stewart. The latest results come from a 14,500 metre drill program conducted by the company. Results from a total of three drill holes were released this morning, with the highlight hole, SR21-094, intersecting […]
Datametrex Looks To Move To The TSX
Datametrex AI (TSXV: DM) this morning continued its week of major announcements, indicating that it is looking to up-list its equity. The firm is looking to move its Canadian listing from the Venture exchange to the Toronto Stock Exchange big board. The firm has currently indicated that it is looking to complete the move sometime […]
Organigram Sees Canaccord Raise Price Target To $3.25 After Earnings
On January 11th, Organigram Holdings (TSX: OGI) issued its second fiscal quarter of 2022. The company reported net revenues of $30.38 million, or a 22.2% increase quarter over quarter. The company also reported a cost of sales of $27.92 million, meaning the company’s gross margin before fair value changes was $2.45 million. The company reported […]
US Producer Prices Soar to Record High in December
After yesterday’s eye-watering CPI print showed that consumer prices soared to the highest in nearly 40 years, today’s producer price index also wasn’t shy to hit a new record-high for December. The latest data from the BLS indicated that producer prices rose to 9.7% from December 2021— slightly less than the 9.8% consensus estimate, but […]