Hexo Writes Off Over $616 Million In Assets In Q2 2022
After announcing yesterday morning that they would be releasing financials that same evening, Hexo Corp (TSX: HEXO) finally filed its second fiscal quarter financial results just after 10:00 PM EST. And after delving into the results, the company released the results late at night for good reason. The company saw modest growth in the second […]
Hycroft Mining Cash Infusion Not Near Enough To Re-Enter Production, Says BMO
This week, Hycroft Mining (NASDAQ: HYMC), a busted SPAC mining company taken public by Mudrick Capital, announced that it would be receiving a $56 million cash injection by the likes of Eric Sprott and AMC Entertainment (NYSE: AMC). (yes, the movie theatre company). Both Sprott and AMC will invest $27.9 million equally, in exchange for […]
Arnold Schwarzenegger Addresses Russian Soldiers, Lauds Protesters, Tells Putin To “Stop This War”
“There are things that are going on in the world that are being kept from you. Terrible things that you should know about,” actor and former California Governor Arnold Schwarzenegger addressed to Russians and Russians soldiers serving in Ukraine in a 9-minute video that was posted today. In the video, Schwarzenegger told his own history […]
Joe Biden to Speak With Chinese President in Effort to Exert Pressure on Putin
For the first time since November, US President Joe Biden is slated to speak with Chinese President Xi Jinping on Friday, in an effort to exert additional pressure on Russia. According to a statement from White House Press Secretary Jen Psaki on Thursday, Biden is scheduled to hold a telephone call with Xi to discuss […]
Birchcliff Energy Records $941.8 Million In Revenue For 2021, Misses Increased Guidances
Birchcliff Energy Ltd. (TSX: BIR) released this morning its 2021 financial results, which saw the company post $941.8 million in net revenue. This is an increase from 2020’s revenue of $433.8 million. On the production side, the energy firm’s average production for the year came in at 78,520 boe per day, lower than its tightened […]
Mining SPAC Metals Acquisition Looks To Acquire Glencore’s CSA Copper Mine For US$1.1 Billion, 1.5% NSR
Blank check firm Metals Acquisition Corp. (NYSE: MTAL) announced today the definitive agreement to acquire the CSA copper mine in New South Wales, Australia. The acquisition’s price tag is reportedly valued at US$1.1 billion. The transaction, effected through the firm’s Australian subsidiary, aims to acquire 100% of Cobar Management, a subsidiary of Anglo-Swiss mining giant […]
The Bitcoin Network Needs More KYC Controls – The Daily Dive
Joining us today on the Daily Dive is that of Suzanne Ennis, VP of Investor Relations and Corporate Development at Hut 8 Mining (TSX: HUT, NASDAQ: HUT). Sue returns to the show today to discuss crowdfunding within the cryptocurrency markets, global sanctions against Russia as they relate to crypto, and the recent concerns related to […]
Russia Fails to Make Interest Payment on Dollar Bonds
Holders of Russian dollar-denominated bonds that had coupon payments due Wednesday have yet to receive payment confirmation, as the West’s sanctions made it increasingly difficult for Moscow to fulfill its foreign debt obligations. According to Reuters, Russia failed to make a $117 million interest payment on two dollar-denominated government bonds as of Wednesday night, igniting […]
Russians Are Buying So Much Gold The Russian Central Bank Will No Longer Buy From Banks To Help Meet Demand
As the ruble continues to tumble after Russia’s invasion of Ukraine, citizens are buying gold from their local banks. To help meet demand, the Russian Central Bank has decided that it will stop its own gold purchases from banks starting on Tuesday. A report from Reuters quoted a statement from the central bank saying that […]
Dollar General: Misses 2021 Consensus, Beats 2022 Outlook, Declares 31% Dividend Increase
It’s a rollercoaster for investors of Dollar General Corporation (NYSE: DG) after the company released its fiscal 2021 financials today before the opening bell rang. The store chain recorded quarterly revenue of US$8.65 billion for fiscal Q4 2021 ended January 28, 2022. The quarterly revenue missed the street consensus of US$8.71 billion, but it is […]