Excellon Resources Fails To Meet Listing Standards For NYSE
it appears that poor market conditions has hit another Canadian gold producer. Excellon Resources (TSX: EXN) has received a notice related to listing standards for the New York Stock Exchange. The company last night indicated that it has received notice that it is not in compliance with listing standards for the NYSE American. Rather than […]
McEwen Mining Sees Chief Financial Officer, Chief Operations Officer Tender Resignations
With a delisting from the New York Stock Exchange looming, and no publicly available plan for correcting the listing deficiency, it appears that McEwen Mining (TSX: MUX) is now seeing members of management exit stage left. The firm this morning indicated that two executives of the company have tendered their resignation. Chief financial officer Anna […]
Galaxy Digital’s Assets Under Management Declines 9.5% In April
After two months of asset under management improvements for Galaxy Digital (TSX: GLXY), it appears that the company has again seen a decline. The firm last night published the latest data on the matter, revealing that April proved to be a difficult month for crypto enthusiasts on its platform. The firms assets under management declined […]
Kontrol Tech Looks To Raise $10.0 Million Via At The Market Financing
Kontrol Technologies (NEO: KNR) is looking to add additional funds to company coffers. The firm last night revealed that it would be conducting an at-the-market financing. The financing will look to raise gross proceeds of up to $10.0 million over the next several months. Shares are to be sold directly to the market via the […]
Magna: BMO Reiterates Targets, Calls Q1 Results Mixed
Last week Magna International (TSX: MG) posted its first quarter financial results. The company reported total sales of $9.6 billion, down 5% year over year but beating analysts’ estimates of $9.1 billion. The company reported gross margins of 12.9%, or $1.24 billion, while operating profit cratered to $420 million, down almost 50% year over year. […]
Toronto’s Real Estate Market Sharply Plunges in April Amid Higher Borrowing Costs
Canada’s hottest real estate market may not be so hot anymore, as higher borrowing costs, coupled with historically-high home prices deter both buyers and sellers. Latest data from the Toronto Real Estate Board showed that a total of 8,008 properties traded hands in the Greater Toronto Area last month, marking a staggering 27% decline from […]
Hycroft Mining Reports Q1 2022 Financials: Dwindling Revenues, Widening Losses, Strengthened Balance Sheet
Hycroft Mining Holding Corporation (NYSE: HYMC) reported late Wednesday highlights of its financial and operating results for Q1 2022. The firm reported US$9.2 million in quarterly revenue, a significant decline from Q1 2021’s US$19.0 million. The topline revenue figure came from selling 4,773 gold ounces and 10,934 silver ounces, down from last year’s sales of […]
Canaccord: IAMGOLD Has “Few Desirable Options To Plug Funding Gap”
On May 3, IAMGOLD Corporation (TSX: IMG) reported its first quarter results for 2022. The company announced revenues of $356.6 million, up almost 20% year over year while gross profits rose 66% year over year to $72.3 million. The firms income before taxes also rose a substantial amount year over year to $58.4 million, while […]
SPECIAL EDITION: Swarmio Media & Globe Telecom Launch The Ember Gaming Platform In The Philippines
Today in lieu of a Daily Dive episode, we are instead launching a Deep Dive special on Swarmio Media (CSE: SWRM), featuring CEO Vijai Karthigesu. Recently, the company launched the Ember Gaming Platform, in partnership with one of the largest telecommunications firms in the Philippines. We had our video team travel to the launch event […]
Elon Musk Reports Additional US$7.14 Billion In Commitments Related To Twitter Takeover
In a show of financial might, Tesla CEO Elon Musk filed a report with the Securities and Exchange Commission detailing the fresh batch of equity commitments he was able to secure related to his proposed acquisition of Twitter (NYSE: TWTR). Musk, currently the largest single shareholder with 9.6% equity, outlined 18 equity investors who committed […]