Celsius Finally Admits Bankruptcy, Files Chapter 11
After cleaning out all its on-chain debt, Celsius Network has filed for a Chapter 11 bankruptcy and has expressed its intent to conduct a financial restructuring. “Today’s filing follows the difficult but necessary decision by Celsius last month to pause withdrawals, swaps, and transfers on its platform to stabilize its business and protect its customers,” […]
Endeavour Silver: BMO Reiterates Price Target Despite Big Production Beat
Endeavour Silver Corp. (TSX: EDR) last week reported its second-quarter production results. The company announced that it produced 1,359,207 ounces of silver and 9,289 ounces of gold, for total silver equivalent production of 2.1 million silver ounces. The company said that production continues “to outpace the 2022 production guidance of 6.7-7.6 million silver equivalent ounces” […]
Twitter v. Elon Musk: We Read It So You Don’t Have To
Tweets and memes as court evidences, a peek behind the boardroom negotiations, and a tussle for power–Twitter’s (NYSE: TWTR) lawsuit filed on Tuesday against Tesla CEO Elon Musk is everything we expected it to be and more. The tech giant followed through with its previously announced plan to take legal action against the “sophisticated” Musk […]
Germany Flexes, Commits To Halting Russian Coal And Oil Imports
Amid the energy security crisis and the looming probability of Nord Stream 1 pipeline being cutoff, Germany seems to be projecting strength. The European energy consumer has made a commitment to stop all Russian coal and oil imports within the year. Jörg Kukies, state secretary for financial market policy and European policy at the German […]
Osisko Gold Royalties Sees BMO Reiterate $17 Price Target
On July 12, Osisko Gold Royalties (TSX: OR) announced their preliminary second-quarter deliveries, revenues, and margins. The company said it earned 22,240 ounces of gold equivalent ounces during the second quarter, making it the best quarterly delivery in the history of the company. The company had preliminary revenues from their royalties and streams of C$51.5 […]
Karora Resources Drops 10% Following Q2 Production Data
Karora Resources (TSX: KRR) is currently down roughly 10% following the release of its second quarter production results. Despite showing an improvement on a quarter over quarter basis, shareholders evidently are rather displeased with the overall results posted. Production for the second quarter amounted to 30,652 ounces of gold, versus 27,489 ounces in the first […]
Eldorado Gold Reports Preliminary Q2 Production Of 113,462 Ounces
Eldorado Gold (TSX: ELD) last night reported its preliminary production results for the second quarter of 2022. The company appears to remain on track for its previously issued 2022 production guidance of 460,000 to 490,000 ounces. Gold production for the quarter amounted to 113,462 ounces on a preliminary basis, versus 93,209 ounces in the first […]
Elon Musk Becomes Subject Of SEC Inquiry On Twitter Acquisition
Elon Musk appears to have again become the target of the US Securities and Exchange Commission. A filing made this morning by Twitter (NYSE: TWTR) indicated that Musk has become the subject of SEC scrutiny in relation to his commentary on his acquisition of the social media firm. The agency reportedly has been in contact […]
Organigram Sees Revenues Grow To $38.1 Million In Q3
Organigram Holdings (TSX: OGI) appears to have finally begun to hit it stride, several years into the legal cannabis market. The firm this morning posted its third quarter financial results, and continues to see growth in revenues. Revenue for the quarter ended May 31 amounted to $38.1 million on a net basis, versus $31.8 million […]
Manhattan Court Freezes 3AC Assets
The remaining assets of the troubled Three Arrows Capital have been frozen by a New York federal judge. This follows after court filings by the appointed liquidator of the crypto hedge fund have claimed that the firm’s founders’ whereabouts are currently unknown. Last week, 3AC filed a Chapter 15 bankruptcy to shield its US assets […]