Silver47 Begins Trading On The TSX Venture
Silver47 Exploration (TSXV: AGA) is set to begin trading today on the TSX Venture Exchange. The silver explorer, with 50 million shares outstanding, is to trade under the symbol “AGA”.
Heliostar To Produce Up To 20,250 Gold Equivalent Ounces In 2024 From New Mines
Heliostar Metals (TSXV: HSTR) has provided production guidance following its announced acquisition of operational assets in Mexico. The two operating gold mines, La Colorada and San Agustin, have been operating for Heliostar on a commercial basis since July 11, 2024. Total production from the two mines from July to December 2024 is estimated to be […]
FBI Raids Polymarket CEO as DOJ Probes Betting Platform
Federal agents conducted an early morning raid Wednesday at the Manhattan apartment of Polymarket CEO Shayne Coplan, just one week after the cryptocurrency betting platform accurately predicted Donald Trump’s victory over Vice President Kamala Harris in the 2024 presidential election. FBI agents arrived at Coplan’s Soho residence at 6 a.m., demanding the 26-year-old entrepreneur surrender […]
CNN Said to Plan Mass Layoffs After Ratings Decline
CNN is preparing for widespread layoffs affecting hundreds of employees as the network grapples with declining ratings and a shift toward digital platforms, according to a Puck.News report. The cuts, following a round of 100 job losses this summer, will primarily target production staff, requiring on-air talent to take on additional responsibilities previously handled by […]
Loblaw Misses Revenue Estimates In Q3 2024 Despite Profit Boost
Retail giant Loblaw Companies (TSX: L) fell short of revenue expectations in the third quarter, posting an overall quarterly revenue of $18.54 billion and missing analysts’ estimates of $18.65 billion. Despite increased consumer traffic, Loblaw reported that consumers are holding back on non-essential items due to economic pressures, marking a challenging environment for high-margin products and […]
Ontario Premier Calls for Mexico’s Exit from North American Trade Pact
Ontario Premier Doug Ford on Tuesday called for Mexico’s potential exclusion from the North American trade agreement, suggesting a return to bilateral trade arrangements between Canada and the United States. Ford proposed the significant shift in regional trade relations amid growing concerns over Chinese-owned automotive facilities in Mexico, which he characterized as a “backdoor” for […]
Hut 8 Q3 2024: Pivot Sparks Revenue Growth, But Escalating Costs Loom
Hut 8 Corp. (TSX: HUT) reported its third-quarter earnings on Wednesday with revenue of $43.7 million, outperforming analyst estimates of $35.1 million. The company’s revenue nearly doubled from the same period last year, when it reported $21.7 million. This substantial growth was driven by the strength in Hut 8’s managed services, which brought in $20.8 […]
Strong Q3 2024 Earnings and Dividend Hike Fuel Suncor Energy’s Momentum
Suncor Energy Inc. (TSX: SU) has reported its results for Q3 2024, highlighting strong refinery throughput, increased production levels, and significant debt reduction. The company posted net earnings of $2.02 billion ($1.59 per share) in Q3 2024, up from $1.544 billion ($1.19 per share) in Q3 2023, marking a 30.8% increase year-over-year. On a sequential […]
Spirit Airlines Shares Plunge on Bankruptcy Talk
Spirit Airlines (NYSE: SAVE) is in talks with creditors to improve its liquidity amid reports of potential bankruptcy, the ultra-low-cost carrier said on Tuesday, sending its shares tumbling 53%. The Florida-based airline confirmed “constructive discussions” with a supermajority of noteholders are advancing, while warning that a failed agreement could lead to equity cancellation. The company […]
SilverCrest Metals Boosts Revenue By 26% Amid Strong Metal Prices Ahead Of Coeur Mining Merger
SilverCrest Metals (TSX: SIL) reported a record-breaking third quarter for 2024, benefiting significantly from strong metal prices and optimized production operations at its Las Chispas mine in Sonora, Mexico. The company’s quarterly revenue reached $80.4 million, a 26% increase from Q3 2023’s $63.8 million and a 10.6% rise over Q2 2024’s $72.7 million. This surge […]