Mako Mining Drills 22.2 G/T Gold Over 3.3 Metres True Width At San Albino Mine
Mako Mining Corp. (TSXV: MKO) announced today assay results from its ongoing expansion drilling at the San Albino mine. The results highlight an intersect of 22.2 g/t gold over 3.3 metres estimated true width. The drill program is aimed at expanding the current open-pit mineral resources down-dip and along strike at the west pit, as […]
Osisko Development To Raise $10 Million, Fund Release Contingent On NYSE Listing
Osisko Development (TSXV: ODV) is expecting to list on the New York Stock Exchange – and is putting its money where its mouth is. The firm this morning announced that it will be conducting a financing, the proceeds of which will not be able to the company until it successfully lists on the NYSE. Under […]
Banyan Gold Begins 30,000 Metre Drill Program At AurMac
Banyan Gold (TSXV: BYN) has begun its drill program for the 2022 season. Drilling is to commence at its flagship AurMac property, located in Yukon, Canada. The planned drill program is to consist of 30,000 metres in aggregate that will look to expand the current Powerline Deposit, before the program shifts to the Aurex Hill […]
The Valens Company Looks To Cut Up To $20 Million In Costs By Year End
The Valens Company (TSX: VLNS) this morning it is entering the “next phases of its Launch, Grow, Optimize” strategy. In short, the company is now looking to cut excess costs following a series of acquisitions conducted throughout the last year. The company is looking to reduce its operational and organizational costs following the M&A conducted […]
AMC Entertainment Looks To Conduct $500 Million Note Offering As It Continues To Recycle Debt
AMC Entertainment (NYSE: AMC) is looking to recycle its debt. The firm this morning announced that it will be conducting a senior secured notes offering, the proceeds of which will be used to fund the redemption of existing senior secured debt. Under the current offering, the company is looking to raise $500.0 million in aggregate […]
Verano Sources Additional US$100 Million Under Credit Facility
Verano Holdings (CSE: VRNO) appears to again need further funding. After upsizing a credit facility back in October 2021 to US$250 million, that facility has again been expanded. The outstanding credit facility has been expanded by a further US$100 million, as reported by the company last night, bringing the total credit facility to US$350 million. […]
Turkey’s Erdogan Urges Citizens to Convert Dollar Savings to Lira in Latest Currency Rescue Plan
The Turkish government is calling on its citizens to convert their dollar-denominated assets to the lira, in a new effort to save the country’s swiftly plummeting currency. According to Bloomberg, which cited a video broadcast on Turkey’s national television, the country’s government applauded its citizens for their hard work, whilst urging them to entrust their […]
Amazon: Analyst Consensus Points To $4.02 Earnings Per Share For Q4
Amazon.com Inc (NASDAQ: AMZN) will be reporting its fiscal fourth quarter financial results on February 3rd after market close. Analysts have a consensus $4,095.17 12-month price target on the company, via a total of 55 analysts, with 20 analysts having strong buy ratings. 34 analysts have buy ratings and a single analyst has a hold […]
Binance Creates $1 Billion Insurance Fund Following String of Crypto Hacks
Binance Holdings Ltd has established an insurance fund specifically for reimbursing users targeted by cryptocurrency hacks. On Monday, Binance announced it has completed earmarking funds towards an emergency portfolio that can be used to reimburse traders falling victim to cyberattacks on virtual currency trading platforms. In 2018, Binance began allocating 10% of all trading fees […]
Chinese Fund-Backed Marine SPAC Blue World Acquisition Prices US$80 Million IPO
Special purpose acquisition company Blue World Acquisition Corporation (Nasdaq: BWAQU) started trading publicly on the Nasdaq Global Market yesterday. The company is seeking to raise US$80 million in its initial public offering. The offering consists of 8.0 million company units priced at US$10.00 per unit. Each unit is composed of one Class A common share, […]