EU Energy Crisis: Spain Orders 27C Limit On Air Conditioning
Spain is the latest European country to mandate temperature setting limits as part of its energy-saving measures, as the region grapples with the scorching heat that’s pushing up energy prices and the increasing pressure to wean itself off of Russian gas amid Moscow’s war in Ukraine. In a decree published Tuesday, the Spanish government has […]
Equinox Gold Posts US$224.6 Million In Revenue, US$78.7 Million Net Loss For Q2 2022
Equinox Gold Corp. (TSX: EQX) reported late on Thursday its financial and operational results for Q2 2022, which highlighted revenue of US$224.6 million. This is a marginal increase from last quarter’s US$223.2 million but a slight decrease from last year’s US$226.2 million. But the company posted a US$78.7 million net loss which is a notable […]
Canopy Growth Sees Consensus Estimates Point To Q1 2023 Revenues Of C$113 Million
Canopy Growth (TSX: WEED will be reporting its fiscal first quarter financial results tomorrow before the market opens. Analysts have a consensus C$5.20 12-month price target on the company, via a total of 16 analysts, with one analyst having a buy rating. Seven analysts meanwhile have hold ratings, five analysts have sell ratings and three […]
IAMGOLD Records US$334.0 Million In Revenue, US$9.6 Million Net Loss In Q2 2022
IAMGOLD Corporation (TSX: IMG) reported on Wednesday its financial results for Q2 2022, highlighting revenue of US$334.0 million. This is a decrease from Q1 2022 revenue of US$356.6 million, but an increase from Q2 2021 revenue of US$265.6 million. The quarterly gross profit slid down to 14.8% from 22.7% in the previous quarter, but rose […]
Rockland Resources Samples 4,810 ppm Beryllium At Lithium Butte
Rockland Resources (CSE: RKL) this morning released fresh assays from its recently acquired Lithium Butte Claystone Property in Utah. Included within the assays were significant concentrations of beryllium, a metal that is frequently used within the defense and aerospace industries. The assays come from grab samples, with the results pointing to values of up to […]
Great Panther Mining Posts Q2 All-In Sustaining Costs Of $3,299 Per Gold Ounce
After gold production fell 27% on a year over year basis for the second quarter at Great Panther Mining (TSX: GPR), shareholders, arguably were not expecting much positives from the company. They were right to do so. Great Panther last night reported revenues for the second quarter of $30.0 million, which declined from $39.0 million […]
Green Thumb Sees Q2 Revenue Grow To $254.3 Million
Green Thumb Industries (CSE: GTII) last night after the bell reported its second quarter financial results for 2022. The company managed to post growth of 4.8% on a quarter over quarter basis despite the current state of the US cannabis market, while also posting positive net income. Revenue for the quarter grew to $254.3 million, […]
Moderna Shares Soar As Company Announces $3 Billion Stock Buyback
Moderna Inc (NASDAQ: MRNA) shares on Wednesday soared as high as 17% after it announced that it would be buying back up to US$3 billion of its stock when it reported its second-quarter earnings. But not everyone’s happy about the plan. The buyback will benefit early investors, those who’ve already made millions from the Covid-19 […]
NG Energy: Beacon Maintains $2.80 Price Target After Sinu-9 Discovery
Yesterday, NG Energy (TSXV: GASX) announced that it had conducted two successful drillstem tests and a test “within three prospective zones in the Magico-1x well.” The tests produced 13.2 MMcf of gas, while at the same time demonstrating a flow rate of over 15 mmscf/d for the well within the Cienaga de Oro formation across […]
Robinhood Reports Better-Than-Feared 2Q 2022 Results, Announces 23% Headcount Reduction
After the market closed on August 2, Robinhood Markets, Inc. (NASDAQ: HOOD) announced weak 2Q 2022 results (but results that may be considered better than feared), as well as plans to cut an enormous 23% of its workforce. It appears this includes and is an extension of the 9% workforce reduction plan the company announced in April 2022. Robinhood’s […]