Justin Trudeau Imposes Additional Sanctions on Russia Over Ukraine
Canada’s federal government has imposed additional sanctions on Russia, in response to the full-scale invasion of Ukraine. On Thursday, Canadian Prime Minister Justin Trudeau announced further sanctions against Russia, this time cancelling existing export permits and halting the issuance of new ones to the eastern European country, as G7 members escalate their reprisal of Russian […]
Wallbridge Mining Closes $29.2 Million In Financings
Capital continues to flow into the resource sector. Wallbridge Mining (TSX: WM) last night announced the closing of its latest financing, a flow through private placement that raised the company gross proceeds of $14.2 million. The financing saw the sale of two types of units, the first being National flow through shares, while the second […]
Eldorado Gold Sees Production Decline In 2021, Achieves Guidance
Eldorado Gold (TSX: ELD) after the bell last night released its fourth quarter and full year financial results for 2021. Results were highlighted by gold production of 122,582 ounces in the fourth quarter, and 475,850 ounces for the full fiscal year. While the results beat the initial guidance provided by the company for 2021 as […]
Great Panther Mining Sees CEO Quit With Immediate Effect
Great Panther Mining (TSX: GPR) this morning has seen some immediate management changes. The company has indicated that it has seen the departure of its chief executive officer with immediate effect. The firm this morning announced that Rob Henderson, whom is the President, CEO, and a director of the company, has resigned from the company […]
Biden Administration Introduces ‘Long-Term Impact’ Sanctions on Russia
Citing an unprovoked attack on Ukraine, US President Joe Biden unveiled yet another round of even tougher sanctions against Russia, this time with the intention of creating a long-term impact on the country’s economy. “Putin is the aggressor. Putin chose this war. And now he and his country will bear the consequences,” Biden said in […]
Swiss Bank UBS Cuts Value of Russian Bonds to Zero, Sparking Margin Calls
Swiss bank UBS Group AG triggered a cascade of margin calls on Thursday, after slashing the value of Russian debt to near zero. According to Bloomberg, which cited people familiar with the matter, UBS downgraded the lending value of certain Russian bonds to zero, and as a result is requesting that some of its clients […]
Kinross Gold: Canaccord Lowers Target To $10.50
On February 16th, Kinross Gold Corp (TSX: K) put out a number of news releases, the first being the fourth quarter dividend amount, which will be US$0.03 per common share. The second release gives details about their climate change strategy, which includes incorporating energy-efficient and renewable energy projects into their operations, to take climate change […]
Oil, Gold See Intense Volatility As Russia-Ukraine Conflict Escalates
Oil prices were sent soaring on Thursday, after Russian military forces invaded Ukraine in the early morning hours, raising concerns over global energy supplies. Brent crude surged to an eight-year high this morning, trading at more than $105 per barrel, as investors braced for an escalation of tensions between Russia and Ukraine. Likewise, US West […]
Houston Natural Resources-Backed Energy SPAC HNR Acquisition Closes US$86.25 Million IPO
Special purpose acquisition company HNR Acquisition Corp. (NYSE: HNRAU) closed its initial public offering on the New York Stock Exchange on Thursday. The firm was able to raise US$86.25 million from its oversubscribed IPO. The offering originally consisted of 7.5 million units priced at US$10.00 per unit for a total IPO size of US$75 million. […]
Elon And Kimbal Musk Reportedly Being Investigated By SEC For Insider Trading
Another day, another headline related to Elon Musk. The Tesla (NASDAQ: TSLA) chief executive has made headlines in the media yet again, this time related to an exclusive story published today by the Wall Street Journal, wherein its stated that Musk is again being probed by the Securities and Exchange Commission. The latest probe however […]