BMO Drops Kinross Gold’s Price Target On Messy Q1 Results
On Monday Kinross Gold (TSX: K) reported its first quarter financial results. The company saw its revenues come in flat on a year-over-year basis at $768 million, with the company excluding its Russian assets from the year over year comparison due to the previously announced sale. While the company saw its cost of sales grow […]
Karora Resources Mines 27,489 Gold Ounces, Posts $65.3 Million In Revenue For Q1 2022
Karora Resources Inc. (TSX: KRR) announced this morning its operational and financial results for Q1 2022, recording gold production of 27,489 ounces. This is an increase from Q1 2021’s gold production of 24,694 ounces. The mining firm also sold during the quarter 26,286 gold ounces at an average realized price of US$1,905 per gold ounce, […]
Well Health Looks To Raise $30 Million At $3.70 Per Share
Never wanting to put a good cash-producing opportunity to waste, Well Health (TSX: WELL) this morning announced it intends to conduct another financing. The financing comes on the heels of the firm last night reporting Q1 revenues of $126.5 million, and a net loss of $2.3 million. The financing will see the company conduct a […]
Stablecoin Crisis: Terra Loses USD Peg, Crashes Below 30 Cents
Cryptocurrency markets were sent into distress over the past several days, after stablecoin Terra lost its peg to the US dollar in what is speculated to be a sophisticated attack that even prompted concern from Treasury Secretary Janet Yellen. Terra USD, or UST, the stablecoin on the Luna blockchain that aims to maintain a 1-to-1 […]
WELL Health Posts $126.5 Million In Revenue, $2.3 Million Net Loss In Q1 2022
WELL Health Technologies Corp. (TSX: WELL) reported today its financial performance for Q1 2022. The results highlighted a quarterly revenue of $126.5 million, as the company previously said that it would end the quarter with more than $120 million. The topline figure is an increase from both Q4 2021’s revenue of $115.7 million and Q1 […]
Hut 8 Mining Reports Q1 Revenues Of $53.3 Million, Bitcoin Holdings Of 6,460
Hut 8 Mining (TSX: HUT) this morning reported its first quarter 2022 financial results. The firm has seen its revenue decline on a quarter over quarter basis, despite producing 19.4% more bitcoin during the quarter. Bitcoin production during the quarter amounted to 942 bitcoin, versus 789 bitcoin in the prior quarter. Revenue for the period […]
Millennial Precious Metals Hits 185.5 Metres Of 1.48 g/t Gold
Millennial Precious Metals Corp (TSXV: MPM) this morning reported strong assay results from a drill program conducted at the firms Mountain View project in Nevada. The firm conducted a phase 1 drill program at the property, which intersected significant gold mineralization. The phase one drill program conducted by the firm saw a total of 27 […]
Trulieve Cannabis Posts Q1 Revenues Of $318.3 Million, Net Loss
Trulieve Cannabis (CSE: TRUL) this morning reported its first quarter 2022 financial results. Results were notably in that the firm managed to break the trend currently being seen across the sector by demonstrating revenue growth on a quarter over quarter basis. Revenue for the quarter came in at $318.3 million, a 4% improvement over the […]
Peloton Slumps After Fiscal Q3 2022 Financials, Shrinking Revenue Outlook
Peloton Interactive (Nasdaq: PTON) shared on Tuesday its financial results for its fiscal Q3 2022. The results highlighted a quarterly revenue of US$964.3 million, down from Q2 2022’s US$1.13 billion and Q3 2021’s US$1.26 billion. The company is also looking at recording a quarterly revenue between US$675 – US$700 million in Q4 2022, compared to Q4 […]
Is Upstart Heading For A Downturn?
On paper, Upstart Holdings, Inc. (Nasdaq: UPST) reported an at par Q1 2022 performance, beating mostly the firm’s own guidance. However, the firm’s shares crashed down by 56% on the day yesterday, setting a record-low price since going public. This happened despite the firm recording a quarterly revenue of US$310.1 million, up from Q4 2021’s […]