Month: August 2020
Caldas Gold Corp. (TSXV: CGC / OTCQX: ALLXF) Raises ~$240M to Fund Marmato Expansion
In July 2020, CGC completed a Pre-Feasibility Study (“PFS”) on its Marmato project (Colombia), which demonstrated that the mine can be expanded to a 165+ Koz per year operation, from the current 24 Koz run rate.
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Gran Colombia Gold Corp. (TSX: GCM) Commencing Dividends / Raising 2020 EPS Estimate
Q2-2020 EBITDA was up 9% YoY to $35.6 million due to stronger gold prices, offset by a 17% YoY decline in gold production to 48 Koz.
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Inner Spirit Holdings Ltd. (CSE: ISH / ISH:CN / INSHF) – System-Wide Retail Sales Surpass $20M in Q2
In Q2-2020, Inner Spirit Holdings Ltd. generated system-wide retail sales (“SRS”) of $20.5 million – a YoY increase of 343% and a QoQ increase of 19%. SRS reflects the total sales across both Spiritleaf franchised and corporate stores.
Read MoreTimbercreek Financial Corp. (TSX: TF) Q2 Beat Expectations / Raising 2020 Dividend Forecast
Timbercreek Financial’s Q2-2020 results beat our expectations as rent collections were higher than our estimates. In July, TF collected 98.4% of the month’s mortgage interest, in line with historical rates.
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