Newsletter
Endeavour Mining soon to list on the LSE
Canada's Endeavor Mining (TSX: EDV), West Africa's most important gold producer, is said to be considering whether to aim for a double listing in London or New York in the course of its merger with smaller rival Semafo. "We'll switch to one or the other," …
Study reveals the current state of the Canadian cannabis industry
Canada has long been considered the holy grail when it comes to marijuana stocks. With cannabis now nationally legal for over two years, the country has shown the world how profitable and beneficial legal marijuana can be. But growing this dizzying cannabis …
Smartphone production in China crashes 35% in July
Smartphone shipments in China were down 35% year-over-year in July, government data released Tuesday shows. The numbers suggest that despite signs of recovery from the peak of the coronavirus cases, demand for mobile phones in China remains weak, something for …
Cypress Development increases resource estimate at Nevada lithium project
Cypress Development (TSXV: CYP) released an updated mineral resource estimate for its Clayton Valley Lithium Project in Nevada on Tuesday that shows an approximately 55% increase in total resources compared to estimates found in the May 2020 Pre-Feasibility …
For the second month in a row the Eurozone disappoints analysts
Eurozone industrial production spiked in June, official data showed on Wednesday, but the rebound after coronavirus-induced record declines in March and April fell short of expectations for the second straight year and slowed from May. The rise in …
Iran is apparently exporting much more oil than it should
Iran exports far more crude oil than US numbers suggest, data from TankerTrackers.com revealed, NBC News reported. According to the data, Iran exports up to 600,000 barrels a day, using ship-to-ship transfers with transponders turned off to avoid detection, …
Millenials and Boomers seem to have the same cannabis preferences
Millennials and baby boomers love a good feud, but it looks like smoking a bowl together might just calm those fears a bit after all. According to a recent study by Verilife, a pharmacy operating under the PharmaCann umbrella, there are more similarities than …
A new gaming boom helps Tencent to thrive
Tencents (OTCPK: TCEHY): Q2 Non-GAAP EPS of RMB3.13 beats RMB0.42, net income of RMB33.11B beats RMB5.82B. Revenue of RMB114.88B (+ 29% y / y) beats RMB2.44B. VAS revenue of RMB65B (+ 35% y / y) amid online gaming revenue spike to RMB38.2B. Last week, Trump …
Cruise ship stocks are on the rise again
For the second day in a row, the cruise lines are running at full speed and racing out to sea. Yesterday, a better-than-expected earnings report from Royal Caribbean (NYSE: RCL) sparked a rally in the cruise line sector. The momentum has continued until this …
Second lockdown controversy in Peru also hits the mining industry
Angry residents of Peru's Andean and Amazon regions last week attacked three mining and oil companies, two of which were forced to shut down following fatal clashes when a second wave of COVID-19 infections struck the country. The main reason: the demand for …