K92 Mining: BMO Expects Sustaining Capital To Be Significantly Higher Than Estimates
K92 Mining Inc. (TSX: KNT) recently reported its second quarter financial results. The company announced that it produced 26,085 ounces of gold equivalent ounces, or 22,934 ounces of gold, 1,229,961 lbs of copper, and 25,224 ounces of silver. The quarter reportedly saw record plant and mine throughput of 108,853 tonnes and 114,471 tonnes, respectively, which […]
“Necessary Countermeasures”: China Threatens Action Opposing Biden’s US$1.1 Billion Arms Deal With Taiwan
Chinese embassy spokesman Liu Pengyu asserted the mainland’s sovereignty over Taiwan on Saturday as it called out the United States for its proposed US$1.1 billion arms sale to the self-governing island. “The United States interferes in #China’s internal affairs and undermines China’s sovereignty and security interests by selling arms to the Taiwan region,” Liu said […]
Russian Rail Sector May Be Grinding To A Halt From Impact Of Western Sanctions
Analysts believe that Russia’s rail and wagon-building sector is headed towards a recession. The industry has been struggling through sanctions from the European Union and the United States as the Kremlin continues its bloody attempts to invade Ukraine. The sanctions, which Russian railway monopoly RZD had unsuccessfully requested to lift in July, have caused a […]
Sweden, Finland Prepare Liquidity Stimulus For Energy Producers
In response to Russia’s move to keep the Nord Stream 1 pipeline closed, Swedish Prime Minister Magdalena Andersson said on Saturday that her government plans to offer hundreds of billions of kroner to extend emergency liquidity support to electricity producers. As energy prices soar–with European benchmark gas price jumping over 30% following Gazprom’s announcement of keeping […]
EU Mulls Gas Price Caps, Derivatives Halt After Russia Keeps Nord Stream 1 Shut
European leaders are set to discuss special measures in an emergency meeting to determine responses to soaring energy costs, including putting price caps on natural gas used for power generation, capping a price ceiling on gas imports from Russia, and suspending trading on power derivatives markets. The move, materializing the long-rumored action on energy prices, […]
Hive Blockchain To Raise Another US$100 Million Under At The Market Offering
Hive Blockchain (TSXV: HIVE) is once again raising money. The firm on Friday evening announced that it would be conducting yet another at the market financing, after completing a similar financing in March. The financing will see the company look to raise gross proceeds of US$100 million, following the same sized program completed earlier this […]
Ayr Wellness Sees Canaccord Cut Target To $30 Following Q2 Miss
On August 18, Ayr Wellness (CSE: AYR.A)s reported its second quarter financial results. The company announced that revenues decreased by 1% to $110.1 million, while gross profits declined 11.5% to $40.3 million. Additionally, the company saw a wider operating loss, coming in at $24.8 million versus a $21.1 million loss in the previous quarter. The […]
First Lithium Minerals: Exploring For Lithium In Chile
First Lithium Minerals Inc. (CSE: FLM) is a newly-listed Toronto-based junior exploration company that is developing its flagship OCA Project located in South America’s lithium triangle in northern Chile. The lithium triangle is the world’s largest brine lithium producing region and shares borders with Chile, Bolivia and Argentina. Chile is the world’s leading lithium producer. […]
SNDL: Canaccord Reiterates Ratings Following Superette Transaction
On August 31, SNDL Inc (NASDAQ: SNDL) announced that they agreed to acquire all of the business and assets of Superette substantially through a “hybrid asset purchase and ‘reverse vesting’ transaction.” The assets acquired consist of six Superette retail locations in Toronto and Ottawa. SNDL noted that Superette would be returning to the court on […]
BBBY: Bed Bath & Beyond CFO Reportedly Falls From 18th Floor Of Manhattan Tower
It is being reported by the New York Post that Gustavo Arnal, the chief financial officer of Bed Bath & Beyond (NASDAQ: BBBY), has been identified as the person whom jumped off the 18th floor of a Manhattan office building. Arnal’s death follows the news from two days prior that the company would be closing […]