K92 Mining Sees Canaccord Lift Target To $12.50 After Strong Second Quarter
Earlier this week, K92 Mining Inc. (TSX: KNT) 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, […]
Bank of Canada Likely to Keep Delivering Major Rate Hikes Despite Inflation Slowdown
Despite last month’s slowdown in headline inflation, many Bay Street economists still think the Bank of Canada will continue with its course of delivering another colossal rate hike come September. Canadians sighed a breath of relief when they saw last month’s CPI reading, which showed a slowdown in headline inflation from an annualized 8.1% in […]
Quebec-Based Pension Manager Writes Off $150 Million Celsius Network Investment
Quebec pension manager Caisse de depot et placement du Québec (CDPQ) has written off its investment in now-bankrupt cryptocurrency lending company Celsius network, conceding that it was too soon to venture into the sector. CDPQ CEO Charles Emond finally broke silence on his fund’s $150 million investment in the Celsius Network, which filed for Chapter […]
Cresco Labs: Canaccord Cuts Price Target On Muted Growth, Pricing Challenges
On August 17, Cresco Labs (CSE: CL) reported its second quarter financial results. The company announced revenues grew by $218 million, up 1.8% year over year. Cresco stated that wholesale revenues came in at $95 million, and remained the number 1 “U.S. seller of branded cannabis products with leading share positions in flower, concentrates and […]
Crypto.com Gets Approval To Expand In The UK As Sources Report Another Round Of Layoffs
Cryptocurrency exchange company Crypto.com has received registration approval from the United Kingdom’s financial regulator, the Financial Conduct Authority (FCA). The registration authorizes the company to conduct cryptoasset service in the UK, advancing the firm’s goal to expand in the country where they reportedly already have about 100 employees. In an interview, Crypto.com CEO Kris Marszalek […]
AMC CEO Adam Aron On Cineworld’s Grim Outlook: “We Remain Confident About AMC’s Future”
Following London-listed Cineworld Group’s grim outlook on cinema house attendance, AMC Entertainment Holdings, Inc. (NYSE: AMC) CEO Adam Aron reassured its stakeholders that the American theater chain can withstand the oncoming weak performance at the box office. “At AMC, as we have publicly disclosed previously, the film slate in the third quarter of 2022 is expected […]
Robinhood Falls 6% Following Trading Volume, Active Users Dipping In July
Robinhood Markets, Inc. (Nasdaq: HOOD) announced its operating data for July 2022 last night after the bell. The retail exchange saw its monthly active users decline by 6% month-on-month and 33% year-on-year. The company also saw declines across its traded products, with crypto recording the biggest drop from its year-ago counterpart. The decreases continue the […]
Pond Technologies Appoints Dan O’Connor As COO, Releases Q2 Results
Pond Technologies (TSXV: POND) yesterday announced that it has added bench strength to its management team. The firm has appointed Dan O’Connor as its chief operating officer. Experienced in the integrated controls systems and biofuels industry, O’Connor brings with him experience in scaling and commercializing within emerging industries. O’Connor is also said to have experience […]
Turkish Lira Plummets After Central Bank Cuts Rates AGAIN Despite Surging Hyperinflation
In the banana republic that is Turkey, when Erdogan wants cheap money, he gets cheap money— screw 80% hyperinflation! In a completely opposite move of what every central bank in the world is doing to reduce inflation, the Monetary Policy Committee of the Turkish central bank shocked the entire global financial community once again, lowering […]
Aztec Minerals, Endeavour Silver See Founder And Chair Bradford Cooke Pass Away
Another force to be reckoned with in the Canadian junior markets has passed away. Bradford Cooke, whom was the founder and chairman of Aztec Minerals (TSXV: AZT) as well as Endeavour Silver (TSX: EDR) passed away earlier this week. Cooke’s passing was said to be sudden and unexpected, as per both firms in which he […]