Uranium Energy Reports After-Tax NPV Of $946 Million For Roughrider Project
Uranium Energy Corp (NYSE: UEC) has completed an economic assessment on its Roughrider Project, which is found in the Athabasca Basin of Saskatchewan. The project, based on a S-K 1300 Initial Assessment Report, is said to have an estimated post-tax net present value (8% discount) of $946 million, along with an IRR of 40% and […]
Powell: ‘No’ to Resignation Under Trump
Federal Reserve Chairman Jerome Powell declared Thursday he would not step down if requested by President-elect Donald Trump, emphasizing that such a removal would not be legally permissible. The statement came during a news conference following the Fed’s decision to cut interest rates by a quarter percentage point. “No,” Powell responded directly when asked about […]
Bitcoin Reaches Record High Following Trump Win
Bitcoin reached unprecedented heights on Thursday, surpassing $76,600 and leading a broad cryptocurrency market rally following Donald Trump’s presidential election victory. The surge reflects growing investor confidence in Trump’s pro-crypto stance and campaign promises. Trump’s evolution from crypto skeptic to advocate has played a crucial role in market sentiment. His campaign embraced cryptocurrency donations and […]
Cameco’s Q3 2024 Profits Sink 95% Despite 25% Revenue Surge
Cameco Corp. (TSX: CCO) reported its third-quarter 2024 earnings, showing notable growth in revenue and production volumes but a sharp decline in profitability despite favorable long-term market trends. The miner’s revenue reached $721 million, up 25% from $575 million in the same quarter last year, and a marked improvement over the $687 million reported in […]
B2Gold Falls Short of Revenue Expectations, Posts Net Loss as Production Declines
B2Gold Corp. (TSX: BTO) reported its financial results for Q3 2024, with total gold revenue reaching $448.2 million for the quarter, a 6.2% decline from $477.9 million in Q3 2023, which primarily reflects reduced gold sales despite a favorable rise in gold prices. The average realized price per ounce increased significantly to $2,483 from $1,920 […]
Canada Bans TikTok…Well, Kind Of?
The Canadian government ordered TikTok to dissolve its business operations in the country Wednesday, citing national security risks but it also said that Canadian users can still access and create content on the platform. Innovation Minister Francois-Philippe Champagne announced the decision following a security review of ByteDance Ltd’s Canadian operations through TikTok Technology Canada Inc. […]
Barrick Gold Misses Estimates in Q3 2024 as Rising Costs Overwhelm Strong Gold Prices
Barrick Gold Corporation (TSX: ABX) reported third-quarter earnings for 2024 that fell short of market expectations, posting adjusted earnings per share of $0.30, an improvement from $0.24 in the same quarter last year but missing analysts’ expectations by a cent. This slight shortfall follows a second-quarter EPS of $0.32, indicating a sequential decline that underscores […]
Hecla Mining’s Q3 2024 Earnings Drop Disappoints Despite Revenue Boost
Hecla Mining (NYSE: HL) recently announced its third-quarter financial results, headlined by total revenues of $245.1 million, exceeding the consensus estimate of $229.4 million and representing a 34.7% increase compared to $181.9 million in the same quarter last year. However, earnings per share lagged behind expectations at $0.03, falling short of the analyst consensus of […]
AMC’s Q3 2024 Earnings: Revenues Slip, Net Loss Widens, Cash Flow In The Red
AMC Entertainment Holdings (NYSE: AMC) posted its financial results for the third quarter of 2024, reporting total revenues of $1.35 billion, a slight decrease from $1.41 billion in Q3 2023, representing a 4.1% drop year-over-year. This decrease reflects a lingering downturn in admissions revenue, which fell from $797.7 million in Q3 2023 to $744.2 million […]
First Majestic Silver Posts Topline Revenue Of $146.1 Million In Q3 2024
First Majestic Silver (TSX: AG) (NYSE: AG) has continued to see its revenue profile improve on a sequential basis, thanks in part to the rising price of precious metals.