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, […]
CloudMD Widens Net Loss In 2021
CloudMD Software & Services Inc. (TSXV: DOC) released on Monday its Q4 and full-year 2021 financial results which saw the company post annual revenue of $102.3 million. This is an increase from 2020’s revenue of $15.0 million. However, the firm also widened its annual net loss to $30.7 million from last year’s $13.6 million. The […]
Grande Portage Obtains Drill Permits For 2022 Season At Herbert Gold Project
Grande Portage Resources (TSXV: GPG) is moving ahead with its previously announced drill program for its flagship Herbert Gold property in Alaska. The firm this morning indicated it has received the required drill permits for the planned program. With permits now in place, Grande Portage has indicated it intends to begin the 2022 drill season […]
Facedrive Announces Record Revenues For 2021, Negative Gross Margins
Facedrive Inc (TSXV: FD), whom now wants to be known as Steer, last night reported its fourth quarter and full year financial results. The company reported record revenues of $25.4 million for the full year, the majority of which came from its food delivery operations, while also reporting a record net loss. While at a […]
United Lithium Stakes Liberty Lithium Property In South Dakota
United Lithium (CSE: ULTH) has a new property on its hands. Located in South Dakota, the claims collectively are referred to as the Liberty Lithium Project, and last saw production in the 1940’s and 1950’s. Collectively, the property consists of 500 unpatented lode claims that were staked by the company near to Custer, South Dakota. […]
Lundin Mining: BMO Resumes Coverage, Gifts Lift To Price Target
Last week Lundin Mining Corporation (TSX: LUN) announced that it closed its acquisition of Josemaria Resources and provided an update on the Josemaria project. In the announcement they write, “The Josemaria project is progressing through basic engineering with procurement of long-lead equipment, including securing key items of crushing and processing.” This comes after they received […]