Canadian Housing Starts Remain Flat In October
Canada’s housing market showed mixed signals in October, with the six-month trend in housing starts remaining flat at 243,522 units, according to the latest data from Canada Mortgage and Housing Corporation. The trend measure, a six-month moving average of the seasonally adjusted annual rate (SAAR) of total housing starts, indicates a stabilizing market on a […]
Silver47 Intersects 24.5 Metres Of 486.3 g/t Silver Equivalent At Red Mountain
Silver47 Exploration (TSXV: AGA) has released the first set of assay results from its 2024 drill program at its flagship asset, the Red Mountain Project in Alaska.
G2 Goldfields Hits 2.9 g/t Gold Over 114 Metres
G2 Goldfields (TSX: GTWO) has continued to intersect gold mineralization at its OKO-Aremu project in Guyana. The latest intersects come from a new gold zone that was initially announced in September, with the latest results expanding the discovery. Highlights from the results include: The new gold zone is said to start near surface and run […]
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. […]