Eldorado Gold Raises Profit but Tightens 2024 Outlook Amid Rising Costs
Eldorado Gold Corporation (TSX: ELD) has reported robust Q3 2024 financial results, marked by revenue and profit growth driven by a high average gold price and strong sales. However, the company faces increasing cost pressures and operational challenges across its mines, prompting a narrowed production guidance for the remainder of 2024. In Q3 2024, Eldorado […]
The Next Big Uranium District Like Athabasca | Forum Energy with Rick Mazur
In this interview at the Commodities Global Expo 2024, Richard J. Mazur, President & CEO of Forum Energy Metals Corp. (TSXV: FMC), provides insights into the evolving uranium market and his company’s strategic position within it. Mazur begins by highlighting the significant shift in nuclear power sentiment, particularly noting the entry of tech giants like […]
Cenovus Returns $1.1 Billion to Shareholders Despite Decline in Free Cash Flow and Earnings
Cenovus Energy Inc. (TSX: CVE) released its financial results for the third quarter of 2024, showing mixed outcomes influenced by operational milestones, turnaround activities, and fluctuating commodity prices. Net earnings for Q3 2024 stood at $820 million, translating to $0.42 per share, a decrease from $1.0 billion, or $0.53 per share, in Q2 2024, and […]
Despite Climate Pledges, Data Centers Set to Drive Natural Gas Boom
S&P projects up to 6 bcf/d increase as AI boom strains power grid
Silver Tiger PFS: $222M NPV at $26/oz Silver | Glenn Jessome
In this interview, Glenn Jessome, President and CEO of Silver Tiger Metals Inc. (TSXV: SLVR), provides insights into the changing political landscape in Mexico and his company’s significant progress at the El Tigre project. Jessome begins by discussing Mexico’s new president Claudia Sheinbaum and her administration’s positive impact on mining investment in the country. This […]
Is Super Micro Cooking the Books or Caught in a Cultural Clash?
Super Micro Computer Inc. (NASDAQ: SMCI) is facing intense scrutiny after its auditor, Ernst & Young LLP (EY), abruptly resigned, citing concerns over the company’s commitment to integrity and transparency. The resignation has triggered a steep decline in Super Micro’s stock, leaving investors and analysts wondering whether the company is engaging in financial misconduct — […]
Bloc Québécois Leader Blanchet Makes Good on Threat to Challenge Liberals
Bloc Québécois Leader Yves-Francois Blanchet announced that his party is initiating discussions with other opposition parties about potentially bringing down Prime Minister Justin Trudeau’s minority Liberal government, following through on an earlier ultimatum. The Bloc has formally reached out to Conservative and New Democratic Party House leaders, indicating their intention to support future non-confidence motions […]
Nishad Singh Walks Free After FTX Sentencing, Granted “Time Served” For Cooperating
Former FTX engineering director Nishad Singh has been sentenced to “time served” by U.S. District Judge Lewis Kaplan, effectively granting him freedom after his extensive cooperation in the federal case against FTX founder Sam Bankman-Fried. Singh will also be subject to three years of supervised release, a lighter sentence reflecting his pivotal role in exposing […]
MicroStrategy Unveils $42 Billion Plan to Expand Bitcoin Holdings
MicroStrategy (Nasdaq: MSTR), the world’s largest corporate bitcoin holder, has announced an ambitious three-year plan to raise $42 billion for further bitcoin acquisitions. The company’s new “21/21 Plan” aims to secure equal amounts of $21 billion in equity and fixed-income securities to expand its cryptocurrency holdings. “Our focus remains to increase value generated to our […]
Uber’s Revenue Soars 20% in Q3, Yet Shares Drop on Missed Growth Expectations
Uber Technologies Inc. (NYSE: UBER) released its third-quarter 2024 earnings report on Thursday, presenting a rise in revenue and profitability alongside a few noteworthy challenges. While the company outperformed revenue expectations, it narrowly missed targets for gross bookings, a critical metric in assessing demand and growth potential. This mixed result led to a 6% drop […]