Kinross Gold: BMO Resumes Coverage Following Great Bear Purchase
On January 21st, BMO resumed coverage on Kinross Gold (TSX: K) after its acquisition of Great Bear Resources (TSXV: GBR), they call the deal accretive to Kinross. They had valued Great Bear Resources at US$2.1 billion versus the US$1.4 billion purchase price. BMO reiterated their outperform rating but lowered their 12-month price target to C$11.50 […]
Tesla Files Counter Lawsuit Against JPMorgan Over Musk’s Infamous Tweet
Tesla (NASDAQ: TSLA) has taken its legal battle with JPMorgan to the next level, filing a counter-lawsuit against the Wall Street bank over a disputed bond contract following Elon Musk’s infamous 2018 tweet regarding his electric car company. As reported by Reuters, Tesla filed a claim in Manhattan federal court on Monday, accusing JPMorgan of […]
Chinese Investment Firm-Backed Tech SPAC Keyarch Acquisition Prices US$100 Million IPO
Special purpose acquisition company Keyarch Acquisition Corporation (Nasdaq: KYCHU) started trading its securities on the Nasdaq Global Market today. The firm priced its initial public offering, aiming to raise total proceeds of US$100.0 million. The offering will entail selling 10.0 million units priced at US$10.00 per unit. Each unit is composed of one Class A […]
Bubba Horwitz: The Real CPI Rate Is At 20% – The Daily Dive
On today’s Daily Dive, Cassandra is joined by one of our regular guests, Todd “Bubba” Horwitz, CEO of Bubba Trading. Bubba shares his take on Walmart’s posturing in the metaverse space (0:58), bitcoin’s outlook in 2022 (1:59), the current situation of inflation (3:24), and the Federal Reserve’s monetary policy (4:31). He also talks about what […]
Standard Lithium Inks LOI For Lithium Off-Take, Raw Material Procurement Deal With Koch Minerals & Trading
After seeing a $127.1 million investment from the conglomerate’s investment arm, Standard Lithium (TSXV: SLI) announced today the signing of a letter of intent with Koch Minerals & Trading (KM&T). The deal is for the purchase of lithium chemical off-take and the procurement of key raw materials. The company said that the primary gold of the […]
Equinox Gold Guides 2022 Production To 625,000 – 710,000 Gold Ounces
Equinox Gold Corp. (TSX: EQX) shared today its 2022 production guidance, targeting 625,000 – 710,000 gold ounces for the year. This is an increase from its 2021 production of 602,100 ounces. “Our 2022 guidance represents the fourth consecutive year of production growth at Equinox Gold,” said CEO Christian Milau. The annual production in 2021 met […]
Galiano Gold Falls Below 2021 Production Guidance With 210,241 Ounces
Galiano Gold Inc. (TSX: GAU) reported today its annual and Q4 2021 production results at the Asanko Gold mine in Ghana. The firm ended the year by producing 210,241 gold ounces. The annual gold production is lower than 2020’s 249,904 ounces and also fails to hit the lowered guidance of 215,000 – 220,000 ounces. The […]
ParcelPal Anticipates To Deliver An Operationally Profitable Q4 2021
ParcelPal Logistics Inc. (CSE: PKG) seems to be turning the corner. The firm shared today that it anticipates finally achieving an operationally profitable quarter this year in Q4 2021. The logistics firm is basing this projection on its October and November 2021 performances when it achieved operational profit, saying it is the “second consecutive year of […]
Cypherpunk Sells Portion Of Stake In Metaverse Developer
It appears that even blockchain-related investment firms don’t want to hold on to blockchain-related investments in the current market environment. Cypherpunk Holdings (CSE: HODL) this morning announced that it has sold portions of a stake in a metaverse-related name that it acquired just five months ago. The company has reportedly sold just under 25% of […]
Osisko Development To Acquire Operating Gold Mine
Osisko Development Corp (TSXV: ODV) is well on its way to becoming a gold producer with its latest acquisition. The firm this morning announced it will be acquiring Tintic Consolidated Metals, which will transition the firm from a developer to a gold producer. The transaction will see the company pay a total of US177 million […]