Resource Big News Roundup: Granada Gold Mine Intersects 11.45 g/t Gold Over 33 Meters, Supports Continuity of High-Grade Structures, Battery Grade Lithium Carbonate with 99.9 Percent Purity Produced from Kachi, Puma Samples 1.87 Percent Cu and 1.06 g/t Au in the East Zone of Chester Property

- January 10th, 2020

Canada’s main stock exchange saw record highs this week as political tensions drove stocks upwards.

Canada’s main stock exchange saw record highs this week as political tensions drove stocks upwards. The S&P/TSX Composite Index opened Friday just short of the week’s highs, pulling back 28.14 points to 17,207.43 after a week driven by conflict on the international stage. The TSX Venture Composite Index bounced back by 1.05 points on Friday to open at 578.72 with each of the 12 Toronto subgroups divided evenly. 

In the cannabis industry, this week a number of experts cautioned investors against Aurora Cannabis (NYSE:ACB, TSX:ACB), a Canadian licensed producer with a $360 million loan due in August 2021. According to Bank Of America analyst Christopher Carey, the company’s financial commitments remain a significant concern for shareholders. “With balance sheet risks to remain a core investment thesis in 2020 in our view, and lingering uncertainty especially on financial covenants, we struggle to envision a scenario where shares have sustainable support.”

In case you missed it, here is this week’s resource big news roundup:

Base

Battery

Precious

To see our previous Resource Investing Big News Roundups, please click here.

 

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