Staude: Bullish On Gold, Bearish On Copper? – The Daily Dive
On today’s Daily Dive, we welcome back John-Mark Staude, CEO of Riverside Resources (TSXV: RRI). Staude lends his thoughts on the price inflation rate in Canada, the Omicron variant’s impact on the mining sector, the US bilateral push to stock rare earth materials instead of importing from China, gold prices, and copper prices vis-a-vis China’s […]
Agnico Eagle Closes US$22.4 Billion Merger With Kirkland Lake Gold
Agnico Eagle Mines Limited (TSX: AEM) and Kirkland Lake Gold Ltd. (TSX: KL) announced on Tuesday the completion of the previously announced merger agreement. The resulting company is said to have a market capitalization of US$22.4 billion. The merger will retain the name Agnico Eagle Mines Limited and will still trade under the same symbol on […]
US Mortgage Demand Drops 8.1% In A Week: “Biggest Decline In Almost A Year”
It seems rising mortgage rates are starting to take a toll on demand. Mortgage applications in the US were reported to drop 8.1% in the week ended February 4, 2022–“the biggest decline in almost a year.” According to the report by the Mortgage Bankers Association of America, mortgage applications to buy a home dropped by […]
Cameco Reports $1.48 Billion In Revenue, $103 Million Net Loss In 2021
Cameco (TSX: CCO) announced this morning its financial results for 2021, highlighting an annual revenue of $1.48 billion. This is a decrease from 2020’s revenue of $1.80 billion. “Our results reflect the very deliberate execution of our strategy of full-cycle value capture,” said CEO Tim Gitzel. “We have been undertaking work to ensure we have […]
DOJ Arrests Married Couple Over 2016 Bitfinex Hack, Seize $3.6 Billion in Bitcoin
The US Justice Department has arrested a married couple from New York related to a Bitfinex hack from 2016, while also seizing over $3.6 billion in bitcoin that was stolen in the heist. The DOJ on Tuesday announced that 34 year old Ilya Lichtenstein and his 31 year old wife Heather Morgan were arrested over […]
RooGold Appoints New Chief Executive Officer
RooGold Inc (CSE: ROO) is getting its management team in place. The firm this morning announced that they have named a new chief executive officer for the company, whom will also be taking on the role of president and a member of the board. Carlos Espinosa will be taking on the role on a permanent […]
Osisko Development Announces Bought Deal Financing For $40.1 Million
Strong demand for Osisko Development (TSXV: ODV) has lead the company to conducted a bought deal financing while its also undergoing a non-brokered private placement. The bought deal is being lead by Eight Capital, with BMO Nesbitt Burns and National Bank Financial acting as co-leads. Under the bought deal financing, the company will look to […]
AmmPower Begins Development Of 4 Tpd Green Ammonia Production Unit
Go big or go home. AmmPower Corp (CSE: AMMP) appears to be taking the cliche to heart, announcing this morning they have begun development on an ammonia production unit that can produce 4 metric tons of green ammonia on a daily basis. The unit, referred to as the IAMM, or independent ammonia making machine, will […]
Canopy Growth Continues To See Revenue From Cannabis Slide In Q3
Canopy Growth Corp (TSX: WEED) this morning released its third quarter 2022 financial results. The short of it, is that the company continues to struggle within the cannabis space, not just within Canada but globally as well. Net revenues for the quarter improved a modest 7% on a quarter over quarter basis from $131.4 million […]
Sundial Growers Considers Reverse Split To Meet Nasdaq Listing Requirements
Sundial Growers (NASDAQ: SNDL) has seemingly bought more time with the compliance department at the Nasdaq. The firm last night indicated it has received an extension to regain compliance with the exchanges minimum bid rules. The extension for regaining compliance relates to a notice the company received on August 9 related to its share price, […]