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Writer's pictureLucas Friesen

Market Summary: February 22, 2024

The TSX rose 145.70 points today. Financial season continues.


Newmont Corp. has $55.55B in assets and liabilities. It lost $2.44B on sales of $11.81B in 2023. It lost $369M on sales of $11.91B in 2022. It has $3.1B in cash, equivalents and restricted cash. It expects to produce approximately 6.9 million ounces of gold in 2024. It has 135.9 million ounces of gold in reserve. It has completed its chief operating officer transition to Natascha Viljoen. Rob Atkinson will officially step down on May 2, 2024. Market cap: $52.02B.


Loblaw Companies Ltd. has $38.97B in assets and liabilities. It earned $2.18B on revenue of $59.52B in 2023. It earned $1.99B on revenue of $56.5B in 2022. It has $1.48B in cash and equivalents. Market cap: $42.87B.


Pan American Silver Corp. has $7.21B (U.S.) in assets and liabilities. It lost $104.9M (U.S.) on revenue of $2.31B (U.S.) in 2023. It lost $340.1M (U.S.) on revenue of $1.49B (U.S.) in 2022. It has $399.6M (U.S.) in cash and equivalents. It has appointed Scott Campbell as senior VP of operations and projects. It expects to produce between 21 million and 23 million ounces of silver in 2024. It expects capital expenditures in 2024 to be between $375M (U.S.) and $395M (U.S.). Market cap: $6.36B.


Northland Power Inc. has $13.62B in assets and liabilities. It lost $96.13M on sales of $2.23B in 2023. It earned $955.45M on sales of $2.44B in 2022. It has $642.47M in cash and equivalents. Market cap: $6.04B.


Capstone Copper Corp. has $5.87B (U.S.) in assets and liabilities. It lost $124.72M (U.S.) on revenue of $1.34B (U.S.) in 2023. It earned $136.13M (U.S.) on revenue of $1.29B (U.S.) in 2022. It has $126.01M (U.S.) in cash and equivalents. It expects to produce between 190,000 and 220,000 tonnes of consolidated copper in 2024. It plans to spend $275M (U.S.) in sustaining and expansionary capital expenditures in 2024. Market cap: $5.38B.


Quebecor Inc. has $12.74B in assets and liabilities. It earned $635.1M on revenue of $5.43B in 2023. It earned $596.7M on revenue of $4.53B in 2022. It has $11.1M in cash, equivalents and restricted cash. Market cap: $6.98B (dual-class structure).


Bausch Health Companies Inc. has $27.35B in assets and liabilities. It lost $592M on revenue of $8.75B in 2023. It lost $225M on revenue of $8.12B in 2022. It has $962M in cash, equivalents, restricted cash and other settlement deposits. Market cap: $4.21B.


Primo Water Corp. has $3.52B (U.S.) in assets and liabilities. It earned $238.1M (U.S.) on revenue of $1.77B (U.S.) in 2023. It earned $29.6M (U.S.) on revenue of $1.69B (U.S.) in 2022. It has $507.9M (U.S.) in cash, equivalents and restricted cash of continuing operations. It expects 2024 revenue in the range of $1.84B (U.S.) to $1.88B (U.S.). Market cap: $3.31B.


Maple Leaf Foods Inc. has $4.6B in assets and liabilities. It lost $124.97M on sales of $4.86B in 2023. It lost $311.89M on sales of $4.73B in 2022. It has $203.36M in cash and equivalents. Market cap: $3.16B.


Eldorado Gold Corp. has $4.98B (U.S.) in assets and liabilities. It earned $101.38M (U.S.) on revenue of $1B (U.S.) in 2023. It lost $426.85M (U.S.) on revenue of $871.98M (U.S.) in 2022. It has $540.47M (U.S.) in cash and equivalents. It expects to produce between 505,000 and 555,000 ounces of gold in 2024. It plans to have exploration expenditures between $27M (U.S.) and $30M (U.S.) in 2024. Market cap: $3.09B.


Equinox Gold Corp. has $4.35B (U.S.) in assets and liabilities. It earned $28.88M (U.S.) on revenue of $1.08B (U.S.) in 2023. It lost $106.02M (U.S.) on revenue of $952.19M (U.S.) in 2022. It has $191.99M (U.S.) in cash and equivalents. It expects to produce between 660,000 and 750,000 ounces of gold. Market cap: $1.77B.


Cascades Inc. has $4.77B in assets and liabilities. It lost $76M on sales of $4.63B in 2023. It lost $34M on sales of $4.46B in 2022. It has $54M in cash and equivalents. The stock dropped 20% today. Market cap: $1.18B.

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