Eldorado Gold Produces 93,209 Gold Ounces In Q1, Annual Guidance Remains Unchanged
Eldorado Gold (TSX: ELD) last night reported preliminary production figures for the first quarter of 2021. The quarterly results were said to be quite impacted by the ongoing pandemic, with absenteeism delaying planned development. Production for the full quarter amounted to 93,209 gold ounces, a decline on both a quarter over quarter and year over […]
New Found Gold Sees CEO Craig Roberts Resign Under Leadership Transition Plan
A management shakeup appears to be underway at New Found Gold (TSXV: NFG). The firm this morning announced the resignation of CEO Craig Roberts, under what is being referred to as a planned transition. Taking on the role of chief executive officer on a go-forward basis will be that of Collin Kettell, whom is founder […]
Sundial Growers Again Delays Q4 Results, Plans To Part With Auditor
Sundial Growers (NASDAQ: SNDL) has again delayed the release of their financial results. The company late last night indicated that it is continuing to struggle with the completion of its FY2021 consolidated financial results in a timely manner. The delay of the financial results was again related to the Sarbanes-Oxley Act of 2002, also referred […]
Mydecine Announces 50 To 1 Share Consolidation
Mydecine Innovations (NEO: MYCO) is the latest firm to announce a reverse stock split amid a recent trend amongst small cap names. The company last night indicated that its board of directors had voted in favour of such a move, with shareholder approval not being required. The consolidation will see the company reduce its outstanding […]
Elon Musk Proposes To Purchase Twitter At $54.20 Per Share, To Reconsider Stake In Company If Offer Rejected
Fresh off declining a position on the Twitter (NYSE: TWTR) board of directors, likely due to the requirement of a background check and limits placed on his future ownership, Elon Musk appears to be striking back. This time, he’s gunning for a hostile takeover of the company. It was revealed this morning that Musk is […]
Amazon to Charge Merchants 5% Fuel and Inflation Fee
Faced with surging energy prices and inflation across all sectors of the global economy, Amazon (NASDAQ: AMZN) plans to charge businesses using its website an additional fee to make up for growing price pressures. According to an individual familiar with the matter and cited by Bloomberg, Amazon is planning to tack on a 5% fuel […]
Zoltan Pozsar Believes Statecraft Should Be Included In The Hierarchy Of Money
Continuing on his Bretton Woods III theory and the shift to a new world order tied to commodities, Credit Suisse contributor Zoltan Pozsar believes that “it’s now time to bring the state in as an extra layer in the hierarchy of money.” “We usually think of money and its hierarchy in terms of instruments, prices, […]
Inflation is Far From Cooling Off: US Producer Prices Jump by Most on Record
Following yesterday’s scorching-hot CPI print, the latest data from the BLS shows that US producer prices exploded by the most on record in March, in yet another testament that the inflation peak is still very, very far away. The producer price index, which tracks prices paid by wholesalers and serves as an indicator of future […]
Natural Gas Futures Top US$7.00 Per MMBtu
Natural gas futures this afternoon topped a new high in North America as much of the continent is hit with colder than normal temperatures for this time of year, while gas continues to be exported to Europe to ease the reliance on Russian gas amid ongoing conflict in Ukraine. Prices at Henry Hub hit a […]
A Month After the Big Squeeze, Nickel Market is Far Less Liquid Than it Has Perhaps Ever Been
The market for nickel, one of the most important elements used in electric vehicle (EV) batteries, has been broken for the last month, and no ready fix looks to be in the offing. Amazingly, no entity really benefits from this. It really is no exaggeration to say that the inability for nickel producers to effectively hedge […]