What Is The Safe Haven Asset In The Current Environment? – The Daily Dive
For the final episode of the Daily Dive this week, we see the return of Frank Holmes, Executive Chairman of Hive Blockchain (TSXV: HIVE) and CEO of US Global Investors. Frank joins us this morning to provide his take on the recent State of the Union, what commodities to pay attention to following war in […]
Russian Search Engine Yandex Estimates “12 To 18 Months” Operations Following Sanctions
Yandex NV (Nasdaq: YNDX) is looking at 12 to 18 months of operations in “the ordinary course” given its current capacity. The Russian internet firm released a statement pertaining to its outlook following the economic sanctions imposed on Russia. The firm clarified that none of its subsidiaries, board members, management team, or principal shareholders are […]
Airbnb Shares Drop As It Closes Doors In Russia, Belarus
Airbnb (Nasdaq: ABNB) became the latest company to boycott Russia amid the escalating conflict in Ukraine. CEO Brian Chesky tweeted on Thursday that the firm is suspending its operations in Russia and Belarus. In a statement to CNBC, an Airbnb spokesperson said that this policy would mean blocking the acceptance of new bookings in said […]
Trudeau Government Raises Tariffs on Russian Exports Over Ukraine Conflict
The Canadian government is removing Russia’s and Belarus’ status of “most favoured nation” in trading, in response to President Vladimir Putin’s invasion of Ukraine. On Thursday, Deputy Prime Minister Chrystia Freeland told reporters that the federal government is imposing a 35% tariff on all imports from Russia and Belarus, effectively stripping the two countries of […]
Curaleaf Still Recorded Annual Loss After Hitting Billion-Mark In Revenue
Curaleaf Holdings, Inc. (CSE: CURA) released on Thursday post the closing bell its Q4 and full-year 2021 financial results. The cannabis firm recorded $1.21 billion in revenue for the year, up from 2020’s $626.6 million, and met the lower end of guidance of $1.2 – $1.3 billion. The gross margin for the year came in […]
Denison Mines Records $20.0 Million In Revenue, $19.0 Million Net Income In 2021
Denison Mines Corp. (TSX: DML) shared on Thursday its 2021 financial results, highlighting an annual revenue of $20.0 million. This is an increase from 2020 revenues of $14.4 million. Breaking down the topline revenue figure, $8.8 million came from closed mine environmental services, $3.2 million from milling services, and $8.0 million from corporate management fees. […]
Eurozone Inflation Soars to 5.8%, Producer Prices Hit Record-High
Eurozone inflation soared to the highest on record last month, fuelling fears that the Russia-Ukraine conflict could push consumer prices even higher, and further adding pressure on the European Central Bank to rapidly adapt its monetary policy. According to latest data from Eurostat, annual inflation across the eurozone jumped by a record 5.8% in February, […]
Digihost Announces At The Market Offering Nearly 3 Times The Size Of Current Valuation
Digihost Technology (TSXV: DGHI) is apparently looking to completely blow out its share structure. The firm this morning announced a massive at the market financing, that at current prices would more than triple its shares outstanding. The firm this morning announced that it has put into place a US$250 million at-the-market financing program. The program […]
Argonaut Gold Locks In Gold Sales Of 7,500 Ounces Per Month At $1,916 An Ounce For 12-Month Period
At least one gold producer is looking to lock-in the recent gains seen within the gold market. Argonaut Gold (TSX: AR) this morning announced that it has entered into forward gold sales contracts due to the recent extreme volatility seen in the precious metal. The company has reportedly entered forward gold sales contracts for April […]
Crescent Point Energy Looks To Conduct Share Buyback Program As Oil Rises
Despite the soaring price of oil currently, it appears that Crescent Point Energy (TSX: CPG) views its best use of capital is still share buybacks. The firm this morning indicated that it has seen its request for a normal course issuer bid be approved by the Toronto Stock Exchange. The share buyback program will see […]