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QuickChek – April 9, 2021

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Space and Missile Systems Center will become Space Systems Command

The USSF will absorb the Air Force’s Space and Missile Systems Center. The repurposed facility will lead research and launches among other USSF military endeavors from the site in Nevada.


Stem Provides Shareholder Update and Announces Preliminary Gross Revenue

Stem Holdings, Inc. provided a business update including select preliminary financial results for the quarter ending March 31, 2021

Research, News & Market Data on Driven By Stem

Watch recent presentation from NobleCon17



Aurania Reports Progress in Drilling Kuri-Yawi Target in Ecuador

Aurania Resources announced that diamond drilling of the Kuri-Yawi target is well underway and proceeding as planned in the Company’s Lost Cities – Cutucu Project in southeastern Ecuador

Research, News & Market Data on Aurania Resources

Watch recent presentation from NobleCon17

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Release – Driven By Stem (STMH) – Stem Provides Shareholder Update and Announces Preliminary Gross Revenue

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Stem Provides Shareholder Update and Announces Preliminary Gross Revenue of US$12.88 Million for the Second Quarter of 2021, an Increase of 456% Year-Over-Year and Quarterly Gross Margin of Approximately US$5.23 Million

 

BOCA RATON, Fla., April 8, 2021 /PRNewswire/ — Stem Holdings, Inc. (OTCQX: STMH CSE:STEM) (the “Company” or “Stem“), the first multi-state, integrated cultivation and omnichannel technology cannabis company, is providing a business update including select preliminary financial results for the quarter ending March 31, 2021, the first full quarter of combined operations since the acquisition of Driven Deliveries, Inc. (“Driven Deliveries“) in December 2020, as disclosed in the Company’s press release dated December 30, 2020.

Adam Berk, Chief Executive Officer of Stem, commented, “Stem is driving synergistic results as the Company successfully integrated its most recent acquisitions of Driven Deliveries and the Foothill Health and Wellness dispensary in Sacramento, with record sales, accretive margins, and reduced SG&A. Driven Deliveries services 92% of California’s population – the largest cannabis market in the world1 – and is expected to drive expansion of Stem’s brands and products in California as well as in targeted expansion markets, including Oregon. Our plan for expansion into new markets is supported by our strong, lean infrastructure and execution capability. Following the acquisition of Driven Deliveries, we have integrated our accounting and finance and legal teams, and engaged Fyllo™ Compliance Cloud technology enterprise-wide to support swift expansion.”

The Company plans to report its financial results for the quarter ended March 31, 2021 on or about May 15, 2021. The Company is projecting quarterly gross revenue of approximately US$12.88 million (an improvement of approximately 456% as compared to the quarter ending March 31, 2020) and quarterly gross margin of approximately US$5.23 million.2

For the quarter ended March 31, 2021, the Company realized an increase in total units sold, number of transactions, and average order size as compared to the quarter ended March 31, 2020:

Dispensaries

vs. 2020

E-Commerce (Budee™)

vs. 2020

Total Dispensaries – 185

+32.1%

Total Units Sold – 161,700

+81.5%

Total Units Sold – 257,100

+45.6%

Transactions – 75,700

+97.0%

Transactions – 59,500

+16.7%

Average Order Size – US$67.00

+17.5%

Average Order Size – US$58.28

+33.3%

The Company expects to increase its canopy in Oregon during April 2021 by 10,000 square feet and it anticipates incremental gross revenues of US$8.0 million and 50% gross margin over the next 12 months as a result of such expansion. The Company also expects to increase its productivity through greater automation and CAPEX investment for concentrates in the Company’s new butane hash oil laboratory, as well as through other margin-accretive measures.

Recent Highlights:

  • On December 15, 2020, the Company filed an amended and restated preliminary prospectus with the securities commissions in each of the provinces of Canada (the “Canadian Securities Commissions“), other than Quebec, and subsequently filed a corresponding registration statement on Form S-1 (the “Registration Statement“) with the U.S. Securities and Exchange Commission (the “SEC“) in connection with its previously announced marketed public offering of units of the Company (the “Offering“), as more fully described in the Company’s press release dated December 15, 2020. Upon SEC approval of the Registration Statement, the Company intends to file a final prospectus with the Canadian Securities Commissions and close the Offering as soon as practicable thereafter.
  • In 2021, Budee welcomed over a dozen best-in-class brands to its e-commerce platform providing services accessible to approximately 92% of California’s population including: Platinum Vape from Red, White and Bloom Brands; Caliva Flower, Deli Prerolls, Run Uncle Prerolls, Yummi Karma and Rehab by Yummi, and Chill Chocolates from The Parent Co.; Select Cartridges from Curaleaf; Tommy Chong’s Cannabis; Dosist Pens, Tablets and Edibles; Kushy Punch Gummies; Loudpack Farms; and new Yerba Buena™ Flower. The Company expects revenue from the launch of the new Yerba Buena™ Flower to be approximately US$2.5 million with US$1.4 million in gross margin over the next 12 months.
  • Budee™ DaaS is being introduced in Oregon this month through the Company’s core dispensaries and is expected to be accretive to gross revenues by US$4.4 million and to gross margin by US$1.76 million over the next twelve months with a dozen new delivery drivers being added for an optimal customer delivery experience. The Company has leveraged its technology, building a customized Application Programming Interface (API) to drive efficiency and performance.
  • Cannavore™ Crafted Confections brand expanded with three new THC-infused edibles including Irish Cream Caramels just in time for St. Patrick’s Day.  This brand is now in two states and will expand to all of the markets where the Company operates. Cannavore features TJ’s Gardens’ on-trend, single-strain solventless extract now produced on-site in our new extraction laboratory in Eugene.
  • Cannavore™ is now launching its first no-calorie, keto-friendly, gluten-free and vegan THC-infused gummy edibles in three flavors, meeting demand for sugar-alternative infused candy throughout the market, and exclusively features Rx Sugar®, a new natural, zero-calorie, low-glycemic index sweetener. 
  • TJ’s Gardens™ introduced its first co-branded product with Yerba Buena™ late last year and has expanded distribution throughout the state of Oregon including its unique RSO with the highest THC potency available in the Oregon market.
  • TJ’s Gardens™ is launching its first Dabbables – made with both on-trend single-strain solventless extract, as well as concentrates made from custom BHO-extraction equipment for the highest-quality crumble.
  • TJ’s Gardens’™ R&D team continues to develop exciting new cultivars, most recently Papaya Cake and Papaya Punch Kap, which continue to attract new consumers looking for exciting cannabis experiences.
  • As Stem prepares for the upcoming 420 industry celebration, the Company has an integrated media and event campaign across all markets and digital platforms as it strengthens its customer and partner relationships at every level, building loyalty with our portfolio of quality products, and service from Farm-to-Home™.

Stem’s Four Strategic Pillars

The four pillars of Company strategy are as follows: Financial Discipline, Productivity, Customer-Centricity, and Brand Innovation and Disruption. 

  • Financial Discipline: The Company continues to focus on key performance indicators including its cash conversion cycle, and continued EBITDA growth from operations.
  • Productivity: The Company continues to reduce SG&A while strengthening its integrated operating team for efficiency, and yield improvement in its cultivation and processing activities.  Stem’s value engineering continues to enable it to improve product quality and gross margin with higher service levels than previously achieved. 
  • Customer Centricity: Stem’s new marketing campaigns are attracting new customers including social & digital media and its new SEO and loyalty programs are building purchase frequency with an improved customer experience, even as the Company continues to navigate COVID with the highest standards for safety.
  • Brand Innovation and Disruption: The Company continues to introduce disruptive, margin-accretive new products, leveraging its R&D capability with a strong distribution apparatus covering wholesale, retail and e-commerce. 

About Stem Holdings, Inc.

Stem is a leading omnichannel, vertically-integrated cannabis branded products and technology company with state-of-the-art cultivation, processing, extraction, retail, distribution, and delivery-as-a-service (DaaS) operations throughout the United States. Stem’s family of award-winning brands includes TJ’s Gardens™, TravisxJames™, and Yerba Buena™ flower and extracts; Cannavore™ edible confections; Doseology™, a CBD mass-market brand launching in 2021; as well as DaaS brands Budee™ and Ganjarunner™ through the acquisition of Driven Deliveries. Budee™ and Ganjarunner™ e-commerce platforms provide direct-to consumer proprietary logistics and an omnichannel UX (user experience)/CX (customer experience).

For further information, please contact:

Media Contact: 
Mauria Betts 
STEM HOLDINGS, INC. 
[email protected]
971.319.0303

Forward-Looking Statements        

This press release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company’s current expectations.  When used in this press release, the words “estimate”, “project”, “belief”, “anticipate”, “intend”, “expect”, “plan”, “predict”, “may” or “should” and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. The forward-looking statements and information in this press release includes information relating to: (i) the implementation of the Company’s business plan; (ii) the Company’s expected performance in the second quarter of 2021, including gross revenue and gross margin; (iii) the expansion of Stem’s brands and products into other markets; (iv) the expansion of existing canopy in the State of Oregon and the revenue therefrom; (v) expected improvements to productivity; (vi) the expected launch of Budee™ DaaS in the State of Oregon and the revenue therefrom; (vii) the expected launch of new brands and products by Stem and the revenue therefrom.

By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.  Such factors include, among others, the following risks: risks associated with the implementation of the Company’s business plan and matters relating thereto, risks associated with the cannabis industry, competition, regulatory change, the need for additional financing, reliance on key personnel, the potential for conflicts of interest among certain officers or directors, insurance, intellectual property and reliable supply chains; and risks related to the Company and its business generally. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date that statements are made, and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change.  Investors are cautioned against attributing undue certainty to forward-looking statements.

Financial Outlook

This news release contains a financial outlook within the meaning of applicable Canadian securities laws. The financial outlook has been prepared by management of the Company to provide an outlook for the three months ended March 31, 2021 and may not be appropriate for any other purpose. The financial outlook has been prepared based on a number of assumptions including the assumptions discussed under the heading “Forward Looking Statements” above and assumptions with respect to market conditions, pricing, and demand. The actual results of the Company’s operations for any period will likely vary from the amounts set forth in these projections and such variations may be material.The Company and its management believe that the financial outlook has been prepared on a reasonable basis. However, because this information is highly subjective and subject to numerous risks, including the risks discussed under the heading “Forward Looking Statements” above, it should not be relied on as necessarily indicative of future results.

1 Source: https://www.forbes.com/sites/irisdorbian/2019/08/15/california-is-worlds-biggest-legal-pot-market-says-new-report/?sh=5d940d6b4cd7

2 These preliminary and unaudited financial results are subject to customary financial statement procedures by the Company. Actual results could be affected by subsequent events or determinations. While the Company believes there is a reasonable basis for these preliminary financial results, the results involve known and unknown risks and uncertainties that may cause actual results to differ materially. These preliminary fiscal results represent forward-looking information. See “Forward-Looking Statements” and “Financial Outlook”.

SOURCE Stem Holdings, Inc.

Issues Driving ESG Investing

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Five Reasons Investors Increasingly Use ESG Standards

 

ESG investing (Environmental, Social, Governance) is a sector of the stock market experiencing growth and attention, this has made it an extremely hot sector for investors. There’s an estimated $38 trillion invested in companies under ESG standards. That amount is expected to grow to $50 trillion invested under ESG ratings within the next five years.  What’s the mindset of investors looking at ESG factors before investing?

A survey of investment professionals conducted by New York Life Investments offers some insight into their ESG activity. The advisors and money managers surveyed offer their own thoughts which are influenced by the individual clients they meet with regularly. The survey uncovered some of the top drivers. The top five of these offer surprises in both the order of importance and values and factors deemed most important.

Top Five Drivers

The top ESG driver, according to the survey, is Risk Management. The responding expect paying attention to ESG factors reduces the potential of exposure to negligence, thereby decreasing the chance that a company adhering to ESG standards will become embroiled in lawsuits, workplace hazards, or headline news that will have a negative effect on their business. The thought here is heightened awareness of business practices can help mitigate the potential for problems.

The second-biggest driver of ESG investment growth is Investor
Demand. The financial professionals find clients are asking for a greater portion of their assets to be placed in individual stocks of companies adhering to ESG standards or funds that use ESG factors as one of their screening processes of stocks held.

 

 

The third-largest driver uncovered by the survey is Fiduciary
Duty. A fiduciary duty requires that the advisor has to act in the best interest of the client. They are serving the person and entrusted to put that person’s interests above all else. The idea that investment professionals involving their clients in ESG facilitates their fiduciary responsibility suggests that they believe ESG investments provide a higher risk/return profile than alternatives. This does not suggest that the accounts aren’t mitigating risk in other traditional ways such as diversification; it does portend that there’s a belief that doing what is best for the client, at this point in time, means paying attention to investments with ESG rankings. Should ESG investments begin to underperform or increase risk, the same fiduciary standard would apply.

ESG investments are associated with more ethical or “good” companies.  The survey found financial professionals find this is positive for their reputations with clients. Reputation ranked as the fourth highest driver of growth in managed ESG assets. Since good public relations and community standing has been found to help attract and retain more business, it stands to reason that an increasing number of investment managers would hold themselves out as onboard with ESG values.

Financial Returns, surprisingly, was found to rank fifth-biggest driver by the survey of financial professionals. Although the investments are expected to provide a better risk/return, and are believed to meet fiduciary obligations, the return on investment is not the highest-ranked key driver. The less measurable and more nuanced reasons for including ESG investing at an increased level in client portfolios are the four above this. The trend in popularity and growth for all of these top five reasons makes it understandable why the performance of ESG stocks has followed.

Take-Away

Risk management, investor demand, fiduciary duty, reputation, and financial returns are what we’re told is driving the popularity of ESG investing among those advising and managing the assets of others. As with any other trend that is shaping the future or driving the direction of investor dollars, it is good to understand the trend and decide whether you should be involved.

ESG investing is gaining momentum from investors of all types and styles. It also has more support from a regulatory standpoint than before and there is structure being created to better eliminate subjectivity. Channelchek will continue to update our readers on important changes that could provide opportunities.

 

Paul Hoffman

Managing Editor, Channelchek

Suggested Content on Channelchek:

Are Small-Cap Stocks Smart Investments

ESG Indicators and How Investors Use Them



Can Mining be Green and Sustainable?

Should Stock Market Investors Worry About Inflation?

 

Sources:

https://www.nytimes.com/2021/03/15/business/dealbook/sec-esg-priority.html

https://www.moneylion.com/learn/what-is-esg-investing/

https://myperfectfinancialadvisor.com/2021/04/06/whats-driving-esg-growth/

 

 

Virtual Road Show Series – Tuesday, April 13 @ 1pm EDT

Join enCore Energy CEO Paul Goranson & Chairman William Sheriff for this exclusive corporate presentation, followed by a Q & A session moderated by Michael Heim, Noble’s senior research analyst, featuring questions taken from the audience. Registration is free and open to all investors, at any level.

Register Now  |  View All Upcoming Road Shows

 

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Release – Aurania Resources Ltd. (AUIAF)(ARU:CA) – Reports Progress in Drilling Kuri-Yawi Target in Ecuador

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Aurania Reports Progress in Drilling Kuri-Yawi Target in Ecuador

 

Toronto, Ontario, April 9, 2021 – Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (Frankfurt: 20Q) (“Aurania” or the “Company”) reports that diamond drilling of the Kuri-Yawi target is well underway and proceeding as planned in the Company’s Lost Cities – Cutucu Project (“Project”) in southeastern Ecuador.  The drill hole, inclined at 60° is still a significant distance away from the MobileMT target, however epithermal-type veining has been encountered in brecciated lava in the upper part of the hole.

The target is about 1.1 kilometres from siliceous sinter outcrop and 200 metres from geochemical anomalies of pathfinder elements (arsenic, antimony, selenium, thallium, mercury and silver) at surface.  Epithermal veins are reportedly outcropping in a riverbank below the current drill hole, and an underlying area of geophysical interest has been identified in MobileMT data as reported on in the Company’s press release dated January 29, 2021.  The target at depth is a strong conductor, which may be a zone of sulphide, capped by a strong resistor, which itself may be a zone of silica-flooding.  The epithermal-type veining encountered in brecciated basalt contains significant amounts of black “pyrobitumen”, which is a pseudo-mineral composed of carbon and derived from hydrocarbon (crude petroleum or related substances).  The pyrobitumen lies as colloform layers within the veins with pyrite/marcasite, quartz, sphalerite and carbonate also in bands.    

Aurania’s Chairman & CEO, Dr. Keith Barron commented, “I consider this discovery of pyrobitumen to be potentially of high significance.  It is rarely documented in epithermal scenarios but perhaps significantly it occurs at gold deposits and occurrences such as McLaughlin in California, Esquel in Argentina, Waiotapu in North Island New Zealand, several Carlin Trend gold mines and in the Witwatersrand of South Africa.  The genetic relationship between gold deposits and hydrocarbon as a transport mechanism in gold systems may be tenuous, but hydrocarbon in geothermal fluids may have scavenged gold much as a carbon-in-pulp system is used in commercial gold recovery in many operating mines to strip gold from pregnant solution.  It has been a mystery for us that we have very high levels of pathfinder elements such as arsenic, antimony, selenium and thallium on surface in the area and yet samples are entirely devoid of gold.  The implication is that a very efficient natural mechanism is stripping hydrothermal fluids of their gold before they get anywhere near the paleosurface.”

 

Image 1: Photo of core from hole YW-008 of a banded vein in lava.  The vein has pyrite at its margin, lined with a thin layer of dark pyrobitumen, then carbonate, a thick band of pyrobitumen, with the core of the vein being filled with carbonate.

 

Image 2: Photo of core from hole YW-008 of a banded epithermal vein in lava.  The vein has pyrite at its margin, lined with carbonate, followed by dark pyrobitumen, a second layer of carbonate, then a second layer of pyrobitumen, carbonate and silica at the centre with more pyrite.

 

Image 3: Photo of banded cavity-filling in lava in core from hole YW-008.  The margin of the cavity is pyrite-rich and is lined by carbonate, then pyrobitumen, a second layer of carbonate, sphalerite in the carbonate, a second layer of pyrobitumen, with chalcedonic silica in the centre.

The Company plans to report on progress at its other key drill targets and exploration programs in subsequent press releases. 

MobileMT Geophysical Survey
The heliborne MobileMT survey is now completed and is being interpreted.  The MobileMT survey was undertaken by MPX Geophysics Ltd. in association with Expert Geophysics Limited, both of Toronto, Canada.

Qualified Person
The geological information contained in this news release has been verified and approved by Jean-Paul Pallier, MSc.  Mr. Pallier is a designated EurGeol by the European Federation of Geologists and a Qualified Person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators.

About Aurania
Aurania is a mineral exploration company engaged in the identification, evaluation, acquisition and exploration of mineral property interests, with a focus on precious metals and copper in South America.  Its flagship asset, The Lost Cities – Cutucu Project, is located in the Jurassic Metallogenic Belt in the eastern foothills of the Andes mountain range of southeastern Ecuador.

Information on Aurania and technical reports are available at www.aurania.com and www.sedar.com, as well as on Facebook at https://www.facebook.com/auranialtd/, Twitter at  https://twitter.com/auranialtd, and LinkedIn at https://www.linkedin.com/company/aurania-resources-ltd-.

For further information, please contact:

Carolyn Muir

VP Investor Relations

Aurania Resources Ltd.

(416) 367-3200

[email protected]

 Dr. Richard Spencer

President

Aurania Resources Ltd.

(416) 367-3200

[email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 

Forward-Looking Statements
This news release may contain forward-looking information that involves substantial known and unknown risks and uncertainties, most of which are beyond the control of Aurania. Forward-looking statements include estimates and statements that describe Aurania’s future plans, objectives or goals, including words to the effect that Aurania or its management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to Aurania, Aurania provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to Aurania’s objectives, goals or future plans, statements, exploration results, potential mineralization, the corporation’s portfolio, treasury, management team and enhanced capital markets profile, the estimation of mineral resources, exploration, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, regulatory, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, the effects of COVID-19 on the business of the Company including but not limited to the effects of COVID-19 on the price of commodities, capital market conditions, restrictions on labour and international travel and supply chains, and those risks set out in Aurania’s public documents filed on SEDAR. Although Aurania believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Aurania disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Endeavour Silver (EXK)(EDR:CA) – Endeavour Builds Metals Inventory For Sale At Higher Prices

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Friday, April 09, 2021

Endeavour Silver (EXK)(EDR:CA)
Endeavour Builds Metals Inventory For Sale At Higher Prices

As of April 24, 2020, Noble Capital Markets research on Endeavour Silver is published under ticker symbols (EXK and EDR:CA). The price target is in USD and based on ticker symbol EXK. Research reports dated prior to April 24, 2020 may not follow these guidelines and could account for a variance in the price target.

Endeavour Silver Corp is a precious metal mining company. The company is primarily engaged in silver mining and owns three high-grade, underground, silver-gold mines in Mexico. Its other business activities include acquisition, exploration, development, extraction, processing, refining and reclamation. The company is organized into four operating mining segments, Guanacevi, Bolanitos, El Cubo, and El Compas, which are located in Mexico as well as Exploration and Corporate segments. Its Exploration segment consists of projects in the exploration and evaluation phases in Mexico and Chile.

Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    First quarter production results not far off the mark. Compared to the prior year period, first quarter silver and gold production increased 22.2% and 31.1% to 1,048,100 ounces and 11,109 ounces, respectively, compared to our estimates of 1,106,764 ounces and 9,495 ounces. During the quarter, the company sold 623,379 ounces of silver and 10,663 ounces of gold. Payable silver and gold ounces produced during the quarter amounted to 1,036,710 and 10,894 ounces, respectively. Most of the variance in gold production was due to higher gold production from El Compas due to higher processed tonnes and gold grades. Compared to the fourth quarter of 2020, first quarter silver and gold production declined 6.2% and 11.7%, respectively.

    Updating 2021 estimates.  The company withheld metal from sale due to pricing and ended the quarter with 523,235 ounces of silver and 1,123 ounces of gold in bullion inventory and 6,582 ounces of silver and 566 ounces of gold in concentrate inventory. Based on lower first quarter sales and modestly lower commodity price assumptions, we have lowered our 2021 EPS and EBITDA estimates to …



This research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

QuickChek – April 8, 2021

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CoreCivic Announces Upsizing and Pricing of $450 Million 8.25% Senior Notes Due 2026

CoreCivic Announces Proposed $400 Million Senior Notes Offering

Today’s research report from Joe Gomes, Senior Research Analyst at Noble Capital Markets

Research, News & Market Data on CoreCivic

Watch recent presentation from NobleCon17



Boomer Provides Shareholder Update and Q1 Guidance With New Revenue and Profit Forecasts

Boomer Holdings provided a shareholder update on the Company’s operations in conjunction with its change of its fiscal year end to January 31

News & Market Data on Boomer Holdings



Comtech Telecommunications Awarded $1.3 Million Contract Renewal with Tier-One Mobile Network Operator

Comtech Telecommunications announced that during Q3 2021, its Location Technologies group was awarded a $1.3 million contract renewal to support messaging services

Research, News & Market Data on Comtech

Watch recent presentation from NobleCon17



Ceapro Inc. Announces Successful Completion of Collaborative Research and Development Program with University of Alberta

Ceapro Inc. announced the successful completion of its long-term research project with Professor Dr. Feral Temelli at the University of Alberta

Research, News & Market Data on Ceapro

Watch recent presentation from NobleCon17



electroCore Announces Top Line Results from SAVIOR-1 study

electroCore announced the top-line results from the SAVIOR-1 study in patients admitted to the hospital for treatment of COVID-19

Research, News & Market Data on electroCore



Silver production results for Q1 2021

Endeavour Silver reported 1,048,100 oz Silver and 11,109 oz Gold for 1.9 Million oz Silver Equivalents in Q1, 2021

Research, News & Market Data on Endeavour Silver

Watch recent presentation from NobleCon17

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Release – CoreCivic (CXW) – Announces Upsizing and Pricing of 450 Million 8.25 Percent Senior Notes Due 2026

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CoreCivic Announces Upsizing and Pricing of $450 Million 8.25% Senior Notes Due 2026

 

BRENTWOOD, Tenn., April 07, 2021 (GLOBE NEWSWIRE) — CoreCivic, Inc. (NYSE: CXW) (the “Company”) announced today that it successfully upsized and priced its offering of $450,000,000 aggregate principal amount of 8.25% senior unsecured notes due 2026 (the “Notes”). The aggregate principal amount of the Notes to be issued in the offering was increased to $450 million from the previously announced $400 million. The Notes were priced at 99.0% of face value and thus will have an effective yield to maturity of 8.50%. The aggregate net proceeds from the sale of the Notes are expected to be approximately $435.1 million, after deducting the underwriting discounts and estimated offering expenses. CoreCivic intends to use a significant amount of the net proceeds from the offering of the Notes (i) to redeem all $250 million principal amount of its outstanding 5.00% senior notes due 2022 (the “2022 Senior Notes”), including the payment of the applicable make-whole amount and accrued interest, and (ii) to otherwise repay or reduce its other indebtedness, which may include repurchasing or redeeming a portion of its $350 million principal amount of 4.625% senior notes due 2023 (the “2023 Senior Notes”). CoreCivic may use any remaining proceeds for general corporate purposes. There can be no assurance that the offering of the Notes, the redemption of the 2022 Senior Notes, or any other debt reduction will be consummated.

Imperial Capital is acting as left lead underwriter, StoneX Financial Inc. is acting as joint bookrunner, and Wedbush Securities Inc. is acting as co-manager for the offering.

The Notes are being offered pursuant to CoreCivic’s effective shelf registration statement on Form S-3ASR, which became effective upon filing with the Securities and Exchange Commission on April 6, 2021. A preliminary prospectus supplement describing the terms of the offering has been filed with the Securities and Exchange Commission and is available at www.sec.gov. The offering may be made only by means of a prospectus supplement and the accompanying prospectus. Copies of the preliminary prospectus supplement and accompanying prospectus relating to this offering may be obtained at Imperial Capital, LLC, 10100 Santa Monica Boulevard, Suite 2400, Los Angeles, CA 90067, Attn: Prospectus Department, or by telephone at (310) 246-3700.

This press release is neither an offer to sell nor a solicitation of an offer to buy any securities, nor shall it constitute a notice of redemption under the indenture governing the 2022 Senior Notes or the indenture governing the 2023 Senior Notes, nor shall there be any offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful.

This press release includes forward-looking statements regarding CoreCivic’s intention to issue the Notes and its intended use of the net proceeds from the issuance of the Notes. These forward-looking statements may be affected by risks and uncertainties in CoreCivic’s business and market conditions. This information is qualified in its entirety by cautionary statements and risk factor disclosures contained in CoreCivic’s Securities and Exchange Commission filings, including CoreCivic’s Annual Report on Form 10-K for the fiscal year ended December 31, 2020, filed with the Securities and Exchange Commission on February 22, 2021, as well as the risks identified in the preliminary prospectus supplement and the accompanying prospectus relating to the offering. CoreCivic wishes to caution readers that certain important factors may have affected and could in the future affect CoreCivic’s actual results and could cause CoreCivic’s actual results for subsequent periods to differ materially from those expressed in any forward-looking statement made by or on behalf of CoreCivic, including the risk that the offering of the Notes cannot be successfully completed. CoreCivic undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date hereof.

About CoreCivic

CoreCivic is a diversified government solutions company with the scale and experience needed to solve tough government challenges in flexible, cost-effective ways. CoreCivic provides a broad range of solutions to government partners that serve the public good through corrections and detention management, a network of residential reentry centers to help address America’s recidivism crisis, and government real estate solutions. CoreCivic is the nation’s largest owner of partnership correctional, detention and residential reentry facilities, and believes it is the largest private owner of real estate used by U.S. government agencies. CoreCivic has been a flexible and dependable partner for government for more than 35 years. CoreCivic’s employees are driven by a deep sense of service, high standards of professionalism and a responsibility to help government better the public good. Learn more at www.corecivic.com.

Contact:

Investors: Cameron Hopewell
Managing Director, Investor Relations
(615) 263-3024

Media: Steve Owen
Vice President, Communications
(615) 263-3107

SOURCE: CoreCivic

Release – Comtech Telecommunications (CMTL) – Awarded 1.3 Million Contract Renewal with Tier-One Mobile Network Operator

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Comtech Telecommunications Corp. Awarded $1.3 Million Contract Renewal with Tier-One Mobile Network Operator

 

MELVILLE, N.Y.–(BUSINESS WIRE)–Apr. 8, 2021– April 8, 2021– Comtech Telecommunications Corp. (NASDAQ: CMTL), a world leader in secure wireless communications technologies, announced today, that during its third quarter of fiscal 2021, its Location Technologies group, a division of Comtech’s Commercial Solutions segment, was awarded a $1.3 million contract renewal to support messaging services.

“This valued customer has relied on Comtech for over 20 years for short message service center support,” said Fred Kornberg, Chairman of the Board and Chief Executive Officer of Comtech Telecommunications Corp. “We have a proven track record with this tier-one mobile network operator and our messaging technology serves as the mainstay for its customer offering.”

The Location Technologies group of Comtech Telecommunications Corp. is a leading provider of precise device location, mapping and messaging solutions for public safety, mobile network operators, and enterprise solutions. Sold around the world to mobile network operators, government agencies, and Fortune 100 enterprises, our platforms locate, map, track and message. For more information, visit www.comtechlocation.com.

Comtech Telecommunications Corp. is a leader in the global communications market headquartered in Melville, New York. With a passion for customer success, Comtech designs, produces and markets advanced secure wireless solutions to more than 1,000 customers in more than 100 countries. For more information, please visit www.comtechtel.com and www.comtechefdata.com.

Certain information in this press release contains statements that are forward-looking in nature and involve certain significant risks and uncertainties. Actual results could differ materially from such forward-looking information. The Company’s Securities and Exchange Commission filings identify many such risks and uncertainties. Any forward-looking information in this press release is qualified in its entirety by the risks and uncertainties described in such Securities and Exchange Commission filings.

Media Contact:

Michael D. Porcelain, President and Chief Operating Officer
Comtech Telecommunications Corp.
631-962-7000

[email protected]

Source: Comtech Telecommunications Corp.

Winners and Losers from the American Jobs Plan

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Potential Rocketships from the Proposed Infrastructure Plan (Plus Explosions)

On March 31, 2021, the White House released details of the American Jobs Plan (AJP), a $2.2 trillion eight-year plan to improve the infrastructure of the United States. While the program uses the term infrastructure loosely to include modernizing schools and childcare facilities and providing affordable housing, it is worth noting that the proposal includes $100 billion to upgrade the nation’s energy transmission industry. In support for this expenditure, the president cited a Department of Energy study that found that power outages cost the U.S. Economy up to $70 billion annually. The plan attacks many aspects of the current energy system and would have a dramatic impact on the energy and utility industries.  Chief among the proposed changes are:

  • Establish a new Grid Deployment Authority at the DOE. The agency would allow for better leverage of existing rights of way and help finance new power transmission lines.
  • Provide for tax credits, clean energy procurement by the federal government, and grant support to state, local and tribal governments to improve energy efficiency and reach 100% carbon-free power by 2035.
  • Provide investment tax credits for transmission lines would help build out 20 gigawatts (GW) of high-voltage capacity lines and support the building of clean energy generation. The tax credits would extend current credits, phasing them out over a ten-year period.
  • Establish a “Green Bank” which would have the authority to invest $27 billion alongside the private sector to speed the deployment of new energy technologies.
  • Make $174 billion of investments in the electric vehicle market, giving consumers point of sale rebates and tax incentives to buy American-made EVs. It also gives incentives to state and local governments and the private sector to build a national network of 500,000 EV charging stations, up from current levels of 42,000.
  • Purchase clean energy for all government buildings and many government vehicles. The plan would electrify the US Postal Service vehicles.

Winners

Electric Utilities: The electric utility industry seems to be a clear winner from the AJP. Through subsidies and tax credits, they will expand their rate base by upgrading and building new transmission lines at a faster rate. They will also benefit from increased electric flow associated with a shift towards electric vehicles. We believe the benefits of increased demand will more than offset the negative effects of increased regulation.

Renewable Energy Generators: The extension of tax credits for clean energy manufacturing will benefit companies involved in the generation of renewable energy. These include solar, hydro, biofuel, and other forms of generation. Distributed generation companies will benefit from extended tax credits and increased awareness of their products. Companies involved in the research and development of generation and storage will benefit from direct government investments.

Nuclear Manufacturers and Uranium Producers: The shift towards zero-carbon power generations may spur a new era of investments in nuclear generation. Unless power storage capabilities are improved, renewable power sources such as wind and solar will continue to require a solid baseload of generation from other sources. In the last few years, technological improvements have increased the viability of small nuclear reactors that are safer and more efficient than traditional nuclear reactors. Building new nuclear reactors would have a direct positive effect on the uranium industry, which has been depressed ever since the Fukushima disaster in 2011.

Losers

Carbon-based fuels such as coal and oil: The AJP would accelerate the shift towards clean energy to the detriment of traditional carbon-based fuels such as coal and oil. Decreased demand for gasoline resulting from a shift towards electric vehicles would lessen the demand for oil. The building of an improved electric transmission grid would support the development of wind and solar generation and mean less coal and oil-based generation. Forcing utilities to wean themselves off carbon-emitting sources by 2035 would put many coal and oil generation plants out of commission before the end of their useful life.

Take-Away

A proposal is just a proposal, and the finer details of any infrastructure plan will need to be ironed out. That understood, from an investor’s standpoint, it is clear that the president intends to push support of clean energy initiatives. The expected success would benefit carbon-free companies and hurt carbon-based companies. Coal and oil producers will not go away but demand growth for their fuels will be less. On the other hand, demand for clean energy fuels will increase. How quickly demand shift to green fuels will depend on the ultimate shape of whatever infrastructure plan is passed by government.

Suggested Reading:

How Does Uranium Fit Into the Energy Landscape?

Is the Price of Uranium Rising?



Will Solar Panels Continue to be Subsidized?

Who Benefits from the American Jobs Plan?

 

 

Sources:

https://www.whitehouse.gov/briefing-room/statements-releases/2021/03/31/fact-sheet-the-american-jobs-plan/, The White House, March 31, 2021

https://www.csis.org/analysis/american-jobs-plan-gets-serious-about-infrastructure-and-climate-change, Lachlan Carey, Center For Strategic & International Studies, April 2, 2021

https://www.wri.org/blog/2021/04/american-jobs-plan-climate-jobs-us, World Resources Institute, April 1, 2021

https://www.washingtonpost.com/us-policy/2021/03/31/biden-infrastructure-climate-plan/, Jeff Stein, Juliet Eilperin, Michael Laris and Tony Romm, Washington Post, April 1, 2021

Photo: NASA Capture of Antares Rocket October 2014 just before Explosion

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Release – electroCore Inc. (ECOR) – Announces Top Line Results From SAVIOR-1 Study

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electroCore Announces Top Line Results from SAVIOR-1 study of Non-Invasive Vagus Nerve Stimulation (nVNS) in Hospitalized COVID-19 Patients

 

ROCKAWAY, NJ, 
April 08, 2021 (GLOBE NEWSWIRE) — 
electroCore, Inc. (Nasdaq: ECOR), a commercial-stage bioelectronic medicine company, today announced the top-line results from the SAVIOR-1 study, a prospective, randomized, controlled study evaluating non-invasive vagus nerve stimulation (nVNS) using gammaCore Sapphire in patients admitted to the hospital for treatment of COVID-19 between 
April 2020 and 
February 2021. This study was an investigator-initiated trial conducted at the Hospital Clínico Universitario de 
Valencia, Spain.

The SAVIOR-1 study enrolled 110 patients over 18 years of age. A total of 97 patients (47 treatment subjects and 50 control subjects) provided baseline demographic and medical history data. The study was designed to evaluate the safety and feasibility of nVNS in addition to the current standard of care in patients hospitalized with active SARS-CoV-2 infection. This pilot study also assessed the incidence of relevant clinical events and changes in blood chemistry between the group treated with nVNS in addition to the standard of care at the time of admission, compared with standard of care alone.

The patients’ clinical and biochemical endpoints were measured over their first five days of therapy and the adjusted means were compared. It was noted that the post-randomized assessment of severity of condition resulted in a 3.5 to 1 bias with more severe patients in the treatment arm.  With respect to the clinical endpoint of oxygen saturation, the nVNS treated group showed a modest, but not significant improvement. Among the biomarkers evaluated, the adjusted mean decrease in C-Reactive Protein (CRP) from baseline was significantly greater in the nVNS treated group (-59.08 vs. -27.83; p<0.01). Trends toward significance were also observed for decreases in the treatment group for procalcitonin (-0.11 vs. -0.05; p= 0.07) and d-dimer (-277.53 vs. 1264.37; p=0.08). Increased levels of CRP, procalcitonin and d-dimer have all been reported to be associated with more severe disease. The lower levels of these markers in the nVNS treated group may represent the initial impact of nVNS therapy to potentially improve the course of a patients’ COVID-19 symptoms. Other biochemical measures also favored the treatment group but did not achieve significance.

nVNS was well tolerated with no major device related adverse events and the therapy was administered three times daily on the majority of patients as outlined in the study protocol. Full data from the study, including cytokine levels which are pending final lab results, will be submitted to a peer reviewed journal later this year.

The principal investigator of the study, Dr.  Carlos Tornero, Head of the 
Department of Anesthesiology, Resuscitation and Pain Therapeutics of the Hospital Clínico Universitario de 
Valencia, Spain, commented, “We are very pleased to have successfully completed the SAVIOR-1 study despite the challenges of executing a trial of a novel neuromodulation treatment during  a pandemic, and the rapidly changing standard of care in COVID-19 patients. These top line results suggest that nVNS may contribute to our efforts in combating the on-going disease process through a more rapid recovery in some of the biomarkers that are typically associated with a more severe prognosis.”

“The ability of nVNS to potentially affect the progression of COVID-19 in these hospitalized patients is encouraging.” said Dr.  Peter Staats, Chief Medical Officer of electroCore. “As the pandemic evolves, we believe that nVNS could be a viable treatment for patients to possibly help decrease their symptoms early in the disease. Although a minority of the subjects in the study were classified as severe, the randomization process apportioned more than 75% of the severe population into the treatment arm, which may have impacted the top line results.”

About electroCore, Inc.

electroCore, Inc. is a commercial-stage bioelectronic medicine company dedicated to improving patient outcomes through its non-invasive vagus nerve stimulation therapy platform, initially focused on the treatment of multiple conditions in neurology. The company’s current indications are the preventive treatment of cluster headache and migraine and the acute treatment of migraine and episodic cluster headache.

For more information, visit www.electrocore.com.

About gammaCoreTM
gammaCoreTM (nVNS) is the first non-invasive, hand-held medical therapy applied at the neck as an adjunctive therapy to treat migraine and cluster headache through the utilization of a mild electrical stimulation to the vagus nerve that passes through the skin. Designed as a portable, easy-to-use technology, gammaCore can be self-administered by patients, as needed, without the potential side effects associated with commonly prescribed drugs. When placed on a patient’s neck over the vagus nerve, gammaCore stimulates the nerve’s afferent fibers, which may lead to a reduction of pain in patients.

gammaCore is FDA cleared in the United States for adjunctive use for the preventive treatment of cluster headache in adult patients, the acute treatment of pain associated with episodic cluster headache in adult patients, and the acute and preventive treatment of migraine in adolescent (ages 12 and older) and adult patients. gammaCore is CE-marked in the European Union for the acute and/or prophylactic treatment of primary headache (Migraine, Cluster Headache, Trigeminal Autonomic Cephalalgias and Hemicrania Continua) and Medication Overuse Headache in adults.

  • gammaCore is contraindicated for patients with:
    • An active implantable medical device, such as a pacemaker, hearing aid implant, or any implanted electronic device
    • A metallic device, such as a stent, bone plate, or bone screw, implanted at or near the neck
    • An open wound, rash, infection, swelling, cut, sore, drug patch, or surgical scar(s) on the neck at the treatment location
  • Safety and efficacy of gammaCore have not been evaluated in the following patients:
    • Patients diagnosed with narrowing of the arteries (carotid atherosclerosis)
    • Patients who have had surgery to cut the vagus nerve in the neck (cervical vagotomy)
    • Pediatric
    • Patients (younger than 12 years)
    • Pregnant women
    • Patients with clinically significant hypertension, hypotension, bradycardia, or tachycardia

The U.S. FDA has cleared the gammaCore Sapphire CV device under an emergency use authorization for acute use at home or in a healthcare setting to treat adult patients with known or suspected COVID-19 who are experiencing an exacerbation of asthma-related dyspnea and reduced airflow, and for whom approved pharmacologic therapies are not tolerated or provide insufficient symptom relief as assessed by their healthcare provider, using noninvasive vagus nerve stimulation (nVNS) on either side of the patient’s neck.

gammaCore Sapphire CV has been authorized only for the duration of the statement that circumstances exist that warrant authorization of the emergency use of medical devices under section 564(b)(1) of the Act, 21 U.S.C. § 360bbbb-3(b)(1), until the authorization is terminated or revoked.

More information can be found at:

Letter of authorization: https://www.fda.gov/media/139967/download

Fact sheet for healthcare workers: https://www.fda.gov/media/139968/download

Patient information sheet: https://www.fda.gov/media/139969/download

Instructions for use of gammaCore: https://www.fda.gov/media/139970/download

Forward-looking statement

This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements regarding electroCore’s business prospects, its sales and marketing and product development plans, future cash flow projections, anticipated costs, its product portfolio or potential markets for its technologies, the availability and impact of payor coverage, the potential of nVNS generally and gammaCore in particular to treat COVID-19, and other statements that are not historical in nature, particularly those using terminology such as “anticipates,” “expects,” “believes,” “intends,” other words of similar meaning, derivations of such words and the use of future dates. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the ability to obtain additional financing necessary to continue electroCore’s business, sales and marketing and product development plans, the uncertainties inherent in the development of new products or technologies, the ability to successfully commercialize gammaCore™, competition in the industry in which electroCore operates and general market conditions. All forward-looking statements are made as of the date of this press release, and electroCore undertakes no obligation to update forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements, except as required by law. Investors should refer to all information set forth in this document and should also refer to the disclosure of risk factors set forth in the reports and other documents electroCore files with the 
SEC, available at www.sec.gov.


Investors:
Rich CockrellCG Capital
404-736-3838
[email protected]

or

Media Contact:
Summer Diaz
electroCore
973-290-0097
[email protected]

Release – Endeavor Silver (EXK) – Produces 1,048,100 oz Silver and 11,109 oz Gold for 1.9 Million oz Silver Equivalents in Q1 2021

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Endeavour Silver Produces 1,048,100 oz Silver and 11,109 oz Gold for 1.9 Million oz Silver Equivalents in Q1, 2021

 

VANCOUVER, British Columbia, April 08, 2021 (GLOBE NEWSWIRE) —
Endeavour Silver Corp. (TSX: EDR, NYSE: EXK) reports production of 1,048,100 silver ounces (oz) and 11,109 gold oz in Q1, 2021, for silver equivalent (AgEq) production of 1.9 million oz at an 80:1 silver:gold ratio. Silver production increased 22% and gold production increased 31% compared to Q1, 2020, due primarily to higher ore grades mined and processed.

2021 First Quarter Highlights

  • Consolidated
    Production on Plan:     Silver equivalent production at each mine is on track to meet or exceed 2021 production plans.
  • Guanacevi
    Production on Plan:     Higher silver and gold grades were partly offset by slightly lower throughput than planned during the quarter.
  • Bolanitos Ahead of Plan: Processed tonnes, gold grade and gold recoveries are ahead of plan, partly offset by slightly lower silver grades and recoveries compared to plan.
  • El Compas Ahead of Plan: Processed tonnes, and gold grade are ahead of plan, partly offset by slightly lower silver grade and lower gold recoveries compared to plan.
  • Metal Sales and
    Inventories:     Sold 623,379 oz silver and 10,663 oz gold, held 523,235 oz silver and 1,123 oz gold of bullion inventory and 6,582 oz silver and 566 oz gold in concentrate inventory. Management withheld metal from sale during the price correction over last two weeks of March and plans to sell the withheld metal inventory in anticipation of a precious metal prices rebound in Q2, 2021.
  • Signed Definitive
    Agreement to Sell the El Cubo Assets:     Advanced sale of the El Cubo mine in Guanajuato, Mexico to VanGold Mining Corp for $15 million in cash and share payments, with up to $3 million in contingent payments. The transaction is anticipated to close in April 2021.
  • Shares Included in Two Major Indices: The Company’s common shares were added to the S&P/TSX Composite Index and the NYSE Arca Gold Miners Index (GDX ETF) in March.
  • Announced Management Succession Plan: Bradford Cooke plans to step down as CEO and assume the role of Executive Chair of the Company following the AGM on May 12, 2021. Dan Dickson has been nominated to the role of CEO and Christine West has been nominated to become the CFO. Both Mr. Dickson and Ms. West have been key members of management for over 13 years and will lead the Company into its next phase of growth.

Bradford Cooke, Endeavour CEO, commented, “It is gratifying to see the Company firing on all cylinders, with the mining operations meeting or exceeding expectations and the development team advancing the Terronera project to drive the next phase of growth. I will look forward to supporting Dan and Christine in their new roles as they build a bigger and better Company.”

Mine Operations

Consolidated silver and gold production were both higher in Q1, 2021 compared to Q1, 2020 due to a significant increase in ore grades at Guanacevi and improved throughput and ore grades at Bolanitos.

Guanacevi silver and gold grades were higher compared to Q1, 2020 and well above plan. In February, unusually cold weather in northern Mexico resulted in power curtailments effecting mine and process plant production over a three-day period. In March, throughput was lower than initially planned as the refurbishment of the tailings filter presses impacted daily throughput. The plant throughput is expected to return to its 1200 tonnes per day capacity in April. Stockpiled ore inventory increased during the quarter as the mine output was on plan. With the higher metal prices, supplies of local third-party ores continued to supplement mine production, amounting to 10% of quarterly throughput, and contributed to the higher ore grades. Ore grades are expected to revert to plan in Q2, 2021 and for the remainder of the year.

Bolanitos and El Compas processed tonnes, and gold grade were all higher compared to Q1, 2020, partly offset by lower silver grades and both mines are slightly ahead of planned production. Settlement of El Compas concentrates resulted in lower recoveries during the quarter.

COVID-19 pandemic remains prevalent in Mexico, and at the Company’s business locations, process and protocols remain in place to ensure staff and workers as well as our communities remain as safe as possible.

Production Highlights for Q1, 2021

Q1 2021 Highlights

Three Months Ended March 31

2021

2020

% Change

Throughput (tonnes)

209,453

199,327

5%

Silver ounces produced

1,048,100

857,659

22%

Gold ounces produced

11,109

8,476

31%

Payable silver ounces produced

1,036,710

849,791

22%

Payable gold ounces produced

10,894

8,320

31%

Silver equivalent ounces produced(1)

1,936,820

1,535,739

26%

Silver ounces sold

623,379

665,500

(6%)

Gold ounces sold

10,663

7,454

43%

(1)    Silver
equivalent ounces calculated using 80 :1 ratio .

Production Tables for First Quarter, 2021 by Mine

Production

Tonnes

Tonnes

Grade

Grade

Recovery

Recovery

Silver

Gold

by
mine

Produced

per day

Ag gpt ( 1)

Au gpt ( 1)

Ag %

Au %

Oz

Oz

Guanaceví

88,632

974

369

1.05

87.3%

91.7%

918,217

2,743

Bolañitos

97,692

1,074

38

2.15

89.0%

91.5%

106,227

6,182

El Compas

23,129

254

47

4.12

67.7%

71.3%

23,656

2,184

Consolidated

209,453

2,302

179

1.90

86.9%

86.7%

1,048,100

11,109

(1)  gpt = grams per tonne

Release of First Quarter,
2021 Financial Results and Conference Call

The 2021 First Quarter Financial Results will be released before market on Tuesday, May 11, 2021 and a telephone conference call will be held the same day at 9:00am PT (12:00pm ET). To participate in the conference call, please dial the numbers below. No pass code is necessary.

Toll-free in Canada and the US: 1-800-319-4610
Local Vancouver: 604-638-5340
Outside of Canada and the US: +604-638-5340

A replay of the conference call will be available by dialing 1-800-319-6413 in Canada and the US (toll-free) or +604-638-9010 outside of Canada and the US. The required pass code is 6594#. The audio replay and a written transcript will be available on the Company’s website at www.edrsilver.com under the Investor Relations, Events section.

About Endeavour Silver – Endeavour Silver Corp. is a mid-tier precious metals mining company that owns and operates three high-grade, underground, silver-gold mines in Mexico. Endeavour is currently advancing the Terronera mine project towards a development decision and exploring its portfolio of exploration and development projects in Mexico and Chile to facilitate its goal to become a premier senior silver producer.  Our philosophy of corporate social integrity creates value for all stakeholders.

SOURCE Endeavour Silver Corp.

Contact Information:
Galina Meleger, Director, Investor Relations
Toll free: (877) 685-9775
Tel: (604) 640-4804
Email: [email protected]
Website: www.edrsilver.com

Follow Endeavour Silver on Facebook, Twitter, Instagram and LinkedIn

Cautionary Note Regarding Forward-Looking Statements

This
news release contains “forward-looking statements” within the meaning of the
United States private securities litigation reform act of 1995 and
“forward-looking information” within the meaning of applicable Canadian
securities legislation. Such forward-looking statements and information herein
include but are not limited to statements regarding the timing of suspension of
mining operations, Endeavour’s anticipated performance in 2021, including
production forecasts, cost estimates and metal price estimates, and the timing
and results of mine expansion and development and receipt of various permits.
The Company does not intend to and does not assume any obligation to update
such forward-looking statements or information, other than as required by
applicable law.

Forward-looking
statements or information involve known and unknown risks, uncertainties and
other factors that may cause the actual results, level of activity, performance
or achievements of Endeavour and its operations to be materially different from
those expressed or implied by such statements. Such factors include, among
others, uncertainty of the ultimate impact of the COVID 19 pandemic on
operations, changes in national and local governments, legislation, taxation,
controls, regulations and political or economic developments in Canada and
Mexico; operating or technical difficulties in mineral exploration, development
and mining activities; risks and hazards of mineral exploration, development
and mining; metal prices; the speculative nature of mineral exploration and
development, risks in obtaining necessary licenses and permits, and challenges
to the Company’s title to properties; as well as those factors described in the
section “risk factors” contained in the Company’s most recent form 40F/Annual
Information Form filed with the S.E.C. and Canadian securities regulatory
authorities.

Forward-looking statements
are based on assumptions management believes to be reasonable, including but
not limited to: the continued operation of the Company’s mining operations ,the
impact of the COVID 19 pandemic on mining operations in Mexico generally, and
the Company’s operations specifically, no material adverse change in the market
price of commodities, mining operations will operate and the mining products
will be completed in accordance with management’s expectations and achieve
their stated production outcomes, resource and reserve estimates, metal prices,
and such other assumptions and factors as set out herein. Although the Company
has attempted to identify important factors that could cause actual results to
differ materially from those contained in forward-looking statements or
information, there may be other factors that cause results to be materially different
from those anticipated, described, estimated, assessed or intended. There can
be no assurance that any forward-looking statements or information will prove
to be accurate as actual results and future events could differ materially from
those anticipated in such statements or information. Accordingly, readers
should not place undue reliance on forward-looking statements or information.

Source: Endeavour Silver Corporation

The GEO Group, Inc. (GEO) – Suspends Dividend Evaluating Corporate Structure

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Thursday, April 08, 2021

The GEO Group, Inc. (GEO)
Suspends Dividend; Evaluating Corporate Structure

With over 94,000 beds owned, leased or managed across its business lines and serving over 260,000 people daily, GEO is a leading provider of mission critical real estate to its governmental partners. The Company is the first fully integrated equity REIT specializing in the design, financing, development, and operation of secure facilities, processing centers, and community reentry centers in the U.S., Australia, South Africa, and the U.K.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    Dividend Suspension. In a not so surprising move, GEO Group announced it is immediately suspending the quarterly dividend. The suspension eliminates approximately $30 million in quarterly dividend payments. Management expects to use the dividend savings and lowered capital expenditure plans to repay a minimum of $125-$150 million of net debt in 2021.

    Evaluating Corporate Structure.  The Company also announced it is undertaking an evaluation of the current REIT structure. The evaluation is expected to be completed in the fourth quarter of 2021. Obviously, uncertainty swirling around the current operating and the prosed increase in the corporate tax rate will both be important considerations …



This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

Great Lakes Dredge & Dock (GLDD) – A Win on Marsh Creation in Louisiana

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Thursday, April 08, 2021

Great Lakes Dredge & Dock (GLDD)
A Win on Marsh Creation in Louisiana

Great Lakes Dredge & Dock Corp is a provider of dredging services in the United States. The company only’s operating segments is Dredging. Dredging involves the enhancement or preservation of navigability of waterways or the protection of shorelines through the removal or replenishment of soil, sand or rock. Its projects portfolio includes Coastal Restoration, Coastal Protection, Port expansion, and others.

Poe Fratt, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    Another win by a slight margin in Louisiana. Bids were opened by the Coastal Protection & Restoration Authority (CPRA) late yesterday afternoon on the Golden Triangle Marsh Creation Project (PO-0163) in Louisiana. GLDD was the apparent low bidder at $32.4 million, with Weeks Marine closely behind at $33.7 million and Manson lagging with the highest bid at $77.1 million. A total of seven companies bid, and the low end of the bidding range was below the designer’s estimate was $38.21 million.

    Solid dredging outlook with backlog at $559 million and potential infrastructure spending stimulus could create a tailwind.  Another state project in Louisiana is out for bid now; Bids will be opened on the Lake Borgne Marsh Creation Project – Increment One (PO-0180) in St. Bernard Parish bids on April 21st …



This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

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