Pro-Bolsonaro Protests Lose Steam; ‘Transition Has Begun’
In Brazil, protests that have brought out tens of thousands of supporters of outgoing far-right President Jair Bolsonaro have started to lose steam as the teams of Bolsonaro and president-elect Luiz Inacio Lula da Silva begin the transition process. Earlier, roughly 40,000 protesters gathered outside army bases in São Paulo, Rio de Janeiro, and Brasilia […]
Pan American Silver, Agnico Eagle To Acquire Yamana Gold For US$4.8 Billion
Pan American Silver (TSX: PAAS) and Agnico Eagle (TSX: AEM) announced on Friday that they have delivered a definitive binding offer to acquire Yamana Gold (TSX: YRI) and its certain subsidiaries and partnerships. The total consideration for the acquisition is reportedly US$4.8 billion. The transaction would consist of Pan American Silver delivering 153.5 million shares […]
DraftKings Guides 2023 To Adjusted EBITDA Loss
Stock-based compensation lands at 25% of the quarterly revenue DraftKings Inc. (Nasdaq: DKNG) released this morning its financial results for Q3 2022, highlighting quarterly revenue of US$501.9 million, beating the consensus estimates of US$436 million. This is also an increase from Q3 2021’s US$212.8 million. “DraftKings had a very strong third quarter. Our team continued […]
DOJ, SEC Investigating Executives Manipulating Stock Sales
The US Justice Department and the Securities and Exchange Commission are reportedly using computer algorithms to examine preplanned share sales by corporate executives. According to persons familiar with the matter, investigators are concerned that some people are tampering with stock-sale procedures, which are designed to thwart the possibility of insider trading by allowing them to […]
A Potential Silver Shortage? — With Keith Neumeyer
Joining SmallCapSteve today is Keith Neumeyer, President & CEO of First Majestic Silver Corp (TSX: FR). Keith sits down with Steve this afternoon to discuss inflation and where the Fed is heading after the Bank of Canada’s recent hike. We also dive into silver, his read on its physical vs paper markets, the possibility of […]
Biden Bleeds Strategic Petroleum Reserve To Lowest Level Since 1984
The United States Department of Energy has sold the last batch of crude oil from the historic Strategic Petroleum Reserve (SPR) release. The SPR level is now down to 401.72 million barrels, the lowest since 1984. The SPR is a federally-owned stock of emergency crude oil that was established to ease the impact of supply […]
Coinbase Points To Users, Headwinds As Firm Reports Dismal Declines In Q3 2022 Fundamentals
It seems Coinbase Global (Nasdaq: COIN) is ready to blame everything but itself for the continuing decline in its fundamentals. The firm reported its Q3 2022 financials, toplined by a quarterly net revenue of US$576.4 million. The topline figure is a decline from Q2 2022’s US$802.6 million and Q3 2021’s US$1.23 billion, as well as misses […]
Bye, DWAC? Donald Trump’s TMTG Reportedly Looking To Merge With Parler, Rumble
Trump Media and Technology Group (TMTG) executives listed Parler and Rumble as potential purchases or partners, according to documents obtained by whistleblower William Wilkerson. Former President Donald Trump’s media company sacked Wilkerson earlier in October 2022 after he shared internal records from a Securities and Exchange Commission whistleblower complaint with The Washington Post and spoke […]
Heritage Mining Reports 208 g/t Gold In Samples At Drayton-Black Lake Project
Heritage Mining (CSE: HML) has completed its 2022 field program at the Drayton-Black lake project, located in Western Ontario. The project is found near to the Goliath Gold-Silver Complex, operated by Treasury Metals. Field work conducted this year is said to include channel sampling, prospecting, regional mapping, as well as airborne geophysical surveys across the […]
P Diddy To Spend $185 Million Acquiring Cannabis Assets From Cresco Labs, Columbia Care
Cresco Labs (CSE: CL) appears to be monetizing the appointment of director Tarik Brooks, which occurred last year. Brooks is the President of Combs Enterprises, owned by Sean “Diddy” Combs, whom it was announced today will be acquiring certain cannabis assets from Cresco and Columbia Care (NEO: CCHW) to enable their merger to proceed. Combs […]