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Hooters Reportedly Filing For Chapter 11 Bankruptcy

Multiple reports suggest that Atlanta-based casual dining chain Hooters may soon file for Chapter 11 bankruptcy protection. Hints of trouble began to surface last year when Hooters shut down around 40 underperforming locations nationwide, including several in Florida. The closures raised eyebrows in a state that has historically been central to the chain’s identity—Hooters opened […]

Is North Korea Behind Bybit’s $1.5B “Worst Hack In History” Crypto Theft?

Dubai-based crypto exchange Bybit has confirmed the theft of roughly $1.5 billion in Ethereum, with some analysts pointing to the notorious North Korean hacking collective, Lazarus Group, as the prime suspect. Bybit, who described the incident as the “worst hack in history,” discovered the breach during what was referred to as a routine transfer of […]

Gran Tierra Posts Net Income In 2024 But Q4 Suffers Huge Net Loss

Gran Tierra Energy (TSX: GTE) has released its Q4 and full-year 2024 results, achieving annual net income of $3.2 million, or $0.10 per basic share, reversing a net loss of $6.3 million in 2023. But this glosses over the fact that the firm notched a net loss of $34.2 million in Q4 2024, a huge […]

FPX Nickel Outlines $445 Million NPV For Nickel Sulphate Refinery

FPX Nickel (TSXV: FPX) has completed a scoping study on establishing a refinery for awaruite in British Columbia in relation to their Baptiste Nickel Project. The study envisions the construction of a standalone refinery to refine awaruite into battery grade nickel sulphate. The study has outlined an after tax net present value of $445 million […]

Lundin Gold Hits 173.98 g/t Gold Over 8.45 Metres

Lundin Gold (TSX: LUG) has seen substantial success in an exploration program conducted near its Fruta del Norte gold mine in southeastern Ecuador. The program has intersected the highest grade mineralization to date at the FDN South deposit. Highlights from the results include: Holes UGE-S-24-212 and UGE-S-24-313 are said to represent the highest grade intercepts […]

Equinox Gold To Acquire Calibre Mining At Discount To Market

There’s about to be one less producer in the mining space, with Equinox Gold (TSX: EQX) announcing this morning that it will be acquiring Calibre Mining (TSX: CXB) in an all-stock transaction for no premium. The combination is being billed as an “at-market” transaction, which will see Calibre merged into Equinox to create an Americas-focused […]

Musk’s Federal Worker Ultimatum Backfires as Agencies Assert Authority

Top national security agencies have defied Elon Musk’s bid to force federal workers to justify their jobs, revealing limits to the tech billionaire’s authority as Trump’s efficiency consultant. FBI Director Kash Patel’s swift rejection of Musk’s demand sparked a cascade of defiance from national security agencies. “The FBI, through the Office of the Director, is […]

Osisko Gold Royalties Q4 Earnings: Production Down, Earnings Up

The royalty business isn’t an easy one. First, you risk millions of dollars acquiring a royalty for an asset who’s production profile is usually a few years away at the best of times. Then, once in production, your earnings are beholden to the ability of other management teams to execute on production plans in a […]

Alamos Gold Q4: Extremely Positive Record Revenue

Well folks we’ve finally got a producer this week reporting positive earnings. Extremely positive. Record revenue for the fourth consecutive quarter positive. And on top of that, they actually managed to meet guidance. Which seems like it might be a bit of a low bar, but based on results released by other operators so far […]

New Gold Q4 Earnings: Mixed Results

New Gold (TSX: NGD) has released its fourth quarter results and well.. They’ve failed to hit guidance. Even after cutting the initial guidance they had issued for 2024. At least on a production basis that is. But they’ve made up for it by beating cost guidance. So its a bit of a mixed bag of […]