Air Canada earnings soar on strong demand, high ticket prices
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Lundin Gold Reports Increased Gold Production and Strong Financial Performance in Q2 2023Lundin Gold has announced a 16% increase in gold production in Q2 2023 compared to the same period last year. The company generated $132 million in free cash flow, the highest quarterly amount to date. Net income for Q2 2023 was $63.1 million, and adjusted net earnings were $59.4 million. Due to strong performance, Lundin Gold has raised its 2023 production guidance and reduced its cash operating cost and all-in sustaining cost. The company has also declared a quarterly cash dividend of US$0.10 per common share.
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Lebanon's Central Bank Governor Investigated for Financial CrimesRiad Salameh, the former governor of Lebanon's central bank, is being investigated by France, Germany, and Luxembourg for alleged financial crimes. Salameh is accused of illicit enrichment and money laundering, with assets connected to him being frozen by the U.S., U.K., and Canada. Despite the investigations and sanctions, Salameh denies any wrongdoing and claims his wealth comes from legitimate sources.
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K92 Mining Reports Strong Q2 2023 Production and Financial ResultsK92 Mining announced that in Q2 2023, it produced 30,794 gold equivalent ounces, up 18% from Q2 2022. The company reported better-than-expected cash costs and all-in sustaining costs. It also posted increased revenue and net earnings. The company's cash balance grew, and it completed a plant expansion and achieved exploration success.
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Laundering The Dragon: Black Renminbi - A Financial Crime NovelLaundering The Dragon: Black Renminbi is a cynical, financial crime novel that follows young Canadian developer Ron Leyland's romantic encounter with the alluring Mai Xi in Hong Kong, leading him into dubious big money from Macau and China. The novel explores the illegal movement of capital, drug-dealing, nightclubs, money laundering, casinos, and vast property schemes, with references to COVID, Wuhan, and the kidnapping of Canada's Michael Spavor and Michael Kovrig.
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