Suncor Energy Sees CEO Resign Following Second Death This Year On Site
Suncor Energy (TSX: SU) is under new management following the resignation of CEO Mark Little. Little is departing the company following an agreement being met with the board of directors, whereby he will also depart from the board effective immediately. In the interim, Kris Smith, whom is VP, Downstream, has been named as interim CEO […]
Great Bear Royalties To Be Acquired For $200 Million In All-Cash Deal
It appears the Great Bear namesake is about to leave Canadian capital markets for good. It was revealed this morning that Great Bear Royalties (TSXV: GBRR) has agreed to be acquired by a subsidiary of Royal Gold (NASDAQ: RGLD). The acquisition is said to consist of an all-cash deal, with the firm as a whole […]
Medipharm Labs Sells Off Australian Assets
MediPharm Labs (TSX: LABS) appears to be slowly pulling back on its international endeavours. The firm this morning announced the sale of its Australia operations, which will be sold to a local operator. The sale will see the company receive a “minimum value” of $6.2 million, with the transaction slated to close within the next […]
Of Power, Storms, And Taxes: Marathon Digital Saw Bitcoin Production Cut By 44% In Q2 2022
Marathon Digital Holdings (Nasdaq: MARA) announced Thursday its production updates, highlighting a quarterly production of 707 self-mined bitcoin in Q2 2022. This is a huge decline from Q1 2022’s 1,258.6 bitcoin but an increase from Q2 2021’s 654 bitcoin. “In the second quarter, we continued to work through several operational obstacles as we progressed with installing […]
Arctic Star’s Buddy Doyle: The Man Behind The Sequoia Discovery
In 2021, Arctic Star Exploration Corp. (TSXV: ADD) made a significant diamond discovery, one that may potentially change the dynamics of the Northwest Territories’ diamond industry. The discovery did not happen by accident. Diamonds were first discovered by geologists Chuck Fipke and Stewart Blusson near Lac de Gras, NWT, in the 1990’s, and the big […]
Endeavour Silver Produces 2.1 Million Silver Equivalent Ounces In “Solid” Q2 2022
Endeavour Silver Corp. (TSX: EDR) shared on Friday its production update for Q2 2022. The release highlighted a silver equivalent production of 2.1 million ounces, marginally up from both Q1 2022’s and Q2 2021’s 2.0 million ounces. The quarterly production consists of 1.4 million silver ounces and 9,289 gold ounces, compared to last quarter’s 1.3 […]
Truth Social Denies Trump Board Departure Weeks Before Federal Subpoenas
Records show that Former US President Donald Trump left the board of his newly formed company, Trump Media and Technology Group (TMTG), just weeks before the company was issued subpoenas by the Securities and Exchange Commission and a federal grand jury in Manhattan. A June 8 filing with Florida’s Division of Corporations show that Trump, […]
Fears Grow In Europe That Russia May Turn Off Flow Of Natural Gas
Energy security fears continue to escalate in Europe, particularly related to natural gas. On July 1, Gazprom, Russia’s state-owned gas producer, announced plans to temporarily shut down the Nord Stream 1 natural gas pipeline from July 11 to July 21 to perform annual maintenance. Nord Stream 1 spans 1,224 kilometers from Portovaya Bay on the Russian […]
Farm-To-Road: Wave Of Farmer Protests Spreads Across Europe
Amid the seemingly worldwide rising inflation – which started with the effects of the pandemic and worsened by the global oil crisis fueled by the Russia-Ukraine war – Europe is taking the brunt of it all. As if energy security wasn’t enough of a problem, it has now begotten another potential (but expected) crisis – […]
BMO Lowers Maple Leaf Foods’ Earnings Estimates On Expected Headwinds
Maple Leaf Foods (TSX: MFI) is expected to report its second-quarter financial results on August 2. The consensus estimate for the company’s revenue is $1.266 billion, up from $1.159 billion a year ago. For net income, analysts are expecting the company to report $49 million, higher than the $9 million the company reported in the […]