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 […]
Rising Costs and Shrinking Margins Leave Bitfarms with a Deepening Net Loss In Q3 2024
Bitfarms (TSX: BITF) released its third-quarter financials for 2024 this morning, reporting total revenue of $45 million for the quarter ending September 30, an 8% increase from $41.6 million in Q2 2024 and up 30% from $34.6 million in Q3 2023. However, the company’s gross mining margin slid to 38% in Q3, a sharp decline […]
Spotify Hits Record Margins Despite Revenue Challenges from Currency Headwinds
Spotify (NYSE: SPOT) reported its third-quarter 2024 earnings with a blend of record-setting achievements and areas falling short of market expectations. While the Swedish streaming giant missed analyst revenue and earnings per share estimates, its guidance for Q4 profitability and robust user growth bolstered investor confidence, propelling the stock up 7% in early trading. Total […]
AMEX Exploration Outlines $525 Million After Tax NPV(5%) For Perron Project In PEA
Amex Exploration (TSXV: AMX) has completed a preliminary economic assessment for its flagship Perron project, found in Quebec. The PEA outlines a net present value (5%) of $525 million, and an IRR of 40.2%, based on $2,000 per ounce gold on an after tax basis. The estimate is based on a ten year mine life, […]
Borealis Mining Hits 2.25 g/t Gold Over 99.1 Metres At Graben Deposit
Borealis Mining Company (TSXV: BOGO) has hit strong gold mineralization under a small drill program conducted at its Borealis Gold Project. The 3,500 metre drill program has hit multiple intervals of gold at the Graben target, which historically has shown large widths of consistent gold mineralization. Highlights from the results include: The results are said […]
Canada Imposes Binding Arbitration at Major Ports
Canada’s federal government ordered an immediate end to work stoppages at major ports in British Columbia and Quebec on Tuesday, imposing binding arbitration that sparked immediate pushback from labor unions. Labor Minister Steve MacKinnon directed the Canada Industrial Relations Board (CIRB) to resume operations at all affected ports, citing daily disruptions to more than C$1.2 […]
Republicans Secure House, Completing GOP Trifecta in Washington
The Republican Party is set to maintain control of the House of Representatives, securing their 218th seat required for a majority, according to Decision Desk HQ projections. This victory grants the GOP unified control over Washington, as President-elect Donald Trump prepares to take office in January. Speaker of the House Mike Johnson (R-La.), a relatively […]
“Deeply Disappointing And Wrong”: Small Business Outraged as Government Plans to Tax Carbon Tax Rebates
Small businesses across Canada are expressing anger and disbelief as the government announces plans to tax long-overdue carbon tax rebates. This decision, learned by the Canadian Federation of Independent Business (CFIB), has ignited widespread frustration, with CFIB leaders and small business owners calling it a “ridiculous” move that contradicts the principle of revenue neutrality in […]
Airlines Halt Haiti Flights After Aircraft Hit by Gunfire
Airlines suspended flights to Haiti on Monday after gunfire struck two commercial aircraft, injuring a crew member, as the US State Department warned of “gang-led efforts” to block travel to and from Port-au-Prince. A Spirit Airlines (NYSE: SAVE) flight heading to Port-au-Prince from Fort Lauderdale was diverted to the Dominican Republic after sustaining damage consistent […]