RooGold Adds Property In Peel-Manning Zone To Portfolio
RooGold Inc (CSE: ROO) is expanding its land holdings in New South Wales, Australia. The firm this morning indicated it has obtained an additional exploration license near to two projects it currently has within its portfolio of properties. Referred to as the Glenrock Project, the property is now 100% held by Roo Gold via exploration […]
MicroStrategy Expects To Receive A Margin Call At $21,000 Bitcoin
MicroStrategy Inc (NASDAQ: MSTR) last night reported its first quarter financial results. While the results themselves showed a decline in the underlying operating business on a year over year basis, perhaps the more interesting aspect of the results was the associated conference call. Revenue for the quarter came in at $119.3 million, down from $122.9 […]
EU Producer Prices Explode to All-Time High and Surging Energy Costs Bite
For the eighth month in a row, producer prices across Europe continued to skyrocket, largely fuelled by surging energy costs. Latest data from Eurostat showed industrial producer prices jumped 5.4% month-over-month in March, compared to a 1.1% increase in February. Firms in the euro area, meanwhile, reported a 5.3% rise in prices from the month […]
Rising Home, Rental Costs May Force Central Banks to Raise Rates More Than Expected
When discussing the stickiness of inflation and the need for central banks to raise interest rates to bring inflation down to more palatable levels, most market observers tend to focus on items we purchase everyday like groceries and gasoline. A more pernicious foe — and one which may force central banks to raise interest rates to […]
Northern Ireland Needs To Lose 1 Million Sheep and Cattle To Meet Legally-Binding Climate Targets
Northern Ireland faces a loss of more than 1 million cattle and sheep to meet climate emissions targets identified in the jurisdiction’s freshly passed climate act. But the problem is, what would the wet and hilly region produce instead for food? The climate change legislation — which is also the first ever for Northern Ireland […]
BMO Reiterates Ratings On Eldorado Gold Despite Poor Quarterly Performance
Eldorado Gold (TSX: ELD) is down 8% since it reported its first-quarter financial results on April 28. Eldorado reported revenues of $194.7 million, down 13% year over year, while gross profits fell 38% over the same period to $39.45 million. The firm barely reported an operating profit, reporting $8.13 million, down 82% as the company’s […]
Is Copper The New Oil? – The Daily Dive
Joining us on the Daily Dive for the first time today is Daniel Earle, President and CEO of Solaris Resources (TSX: SLS). Daniel joins us this afternoon to discuss the impact of China’s lockdown policies on the base metals markets, how he sees copper evolving in the world economy, and how discussions have changed in […]
Canada’s Manufacturing Sector Slumps in April as Cost-Push Inflation Heats Up
Canada’s manufacturing sector continued to expand last month, as the lifting of Covid-19 restrictions and a general increase in demand prompted industries to increase output. At the same time, though, firms continued to face steep input prices, many of which they passed down to consumers in in an effort to protect margins. The seasonally adjusted […]
Hexo Announces US$40 Million ATM Financing, Has Less Than Two Months Cash Remaining
Hexo Corp (TSX: HEXO) is looking to dilute its current shareholders once again. The firm this morning announced the launch of a new at the market offering to raise further funds for its operations. The new ATM offering is pegged at US$40.0 million, with shares under the program to be sold on both the Toronto […]
Tenet Fintech Posts 2021 Results, Missing All Guidance Provided By Company
Tenet Fintech (CSE: PKK) is set to be one of the biggest movers and shakers today after posting its fourth quarter financial results. The company missed its 2021 guidance in every category it provided guidance for, despite providing revised guidance at the tail end of October. Revenues for the year came in at $103.6 million, […]