Plurilock Signs US$820,000 Sales Order With Law Enforcement Agency
Plurilock Security (TSX: PLUR) has secured another sales order with a government agency. The latest order, at US$820,000, is with a long standing customer, referred to as a state law enforcement agency.
Orla Mining To Purchase Musselwhite Gold Mine For $810 Million In Cash
Orla Mining (TSX: OLA) is set to transform from a single asset producer to that of a mid-tier producer, with the firm this morning announcing the acquisition of the Musselwhite Gold Mine from Newmont Corp (TSX: NGT). The transaction will see Orla pay $810 million in up front consideration, along with $40 million in gold-price […]
Prosecutors Seek 21-Year Prison Term for Archegos Founder Hwang
US prosecutors have requested a 21-year prison sentence for Archegos Capital Management founder Bill Hwang, whose market manipulation scheme led to the collapse of his $36 billion firm and caused more than $10 billion in losses for lenders. Federal prosecutors in Manhattan filed late Friday for Hwang to forfeit $12.35 billion and pay restitution to […]
First Majestic Silver Q3 Earnings: Revenue Jump & MAJOR Transaction
First Majestic Silver (TSX: AG) (NYSE: AG) has seen another quarter of sequential growth.
Hut 8 Corp Q3 Earnings: Riding A Bitcoin Rally
Hut 8 (TSX: HUT) is back in the spotlight following Bitcoin’s meteoric rise past $93,000 and a strong Q3 earnings report. The company posted $44 million in revenue, a 101% year-over-year jump, beating analyst expectations of $39 million. While Bitcoin mining revenue dipped due to the 2024 halving event, managed services quadrupled, driving the impressive […]
i-80 Gold Q3 Earnings: Complete Disaster
I-80 Gold’s (TSX: IAU) Q3 earnings were catastrophic, with the company recording a 13% revenue decline and suffering massive losses. Gold sales plunged 33%, and costs skyrocketed, leaving I-80 with a mine operating loss of $4.5 million and a net loss of $38 million. Despite raising $114 million this year, the company faces significant cash […]
Shopify Q3 Earnings: Crushing Every Metric
Shopify (TSX: SHOP) delivered an electrifying Q3 earnings report, sending its stock soaring by as much as 27%. Revenue climbed 26% year-over-year to $2.16 billion, outpacing consensus estimates of $2.12 billion. The company’s subscription solutions and merchant solutions each grew over 25%, and free cash flow jumped by 53%, showcasing the tech giant’s robust growth. […]
New Study Shows Carbon Pricing Raises Food Prices, Hits Low-Income Canadians Hardest
A study from Dalhousie University and Canadian research institutions finds that while Canada’s carbon pricing policy has driven down greenhouse gas emissions, it has also raised food costs, disproportionately impacting low-income households. The study, titled “Implications of Carbon Pricing on Food Affordability and the Agri-Food Sector in Canada: A Scoping Review,” details the dual pressures […]
Cameco Q3 Earnings: A Mixed Bag
When it comes to the retail investor, few sectors have as rabid a following as the uranium sector. And the leader of that sector, at least in terms of the Canadian market, is Cameco Corp (TSX: CCO), who reported their third quarter results on November 7. And if there were ever someone looking for the […]
Millennials Pay 40% More Than Boomers Did for Senior Benefits
Canadian millennials are paying 20% to 40% more in income taxes to support retirement benefits than baby boomers did at the same age, according to a new analysis from Statistics Canada’s Social Policy Simulation Database comparing 35-year-olds in 2022 versus 1976. The shift comes as Canada’s senior population has more than doubled to 19% from […]