Shares in Condor Gold (LON:CNR) fell more than 2% in London on Friday after the Nicaragua-focused miner announced full year losses, partly offset by lower costs and impairments.The company, which also said it had raised ?2.5 million in a placing of about 5.1 million units to fund the final development stages of a processing plant at its La India gold project, said pre-tax loss dropped to ?3...Read More
Soaring cobalt and lithium prices are not just spurring an exploration frenzy as more and more companies want a piece of the attractive batteries metals pie, but they are also pushing some companies to look for them where others have not.Australian Neometals (ASX:NMT), which is building a plant to recover raw materials including lithium, cobalt, nickel and copper from expired batteries in Canada,...Read More
A 6.16-carat diamond called Farnese Blue will appear on the market for the first time in history this spring, after having remained in the same family for over three centuries.Sotheby's will be offering the gem at its Magnificent Jewels and Noble Jewels sale taking place in Geneva on May 15, 2018. The stone's value is calculated between $3,690,000 and $5,270,000. According to a press release issue...Read More
Heavy equipment maker Liebherr's goal of becoming one of the top suppliers for the mining industry in North and South America seems to be a step closer, as the Switzerland-based company announced a $45 million-investment to grow its facilities in Virginia, US.The family-owned machinery maker, which has been manufacturing and operating in Newport News for over 48 years, said it's planning to start...Read More
Shares in Eldorado Gold (TSX:ELD)(NYSE:EGO) were down on Thursday after the company reported a Q4 loss and technical studies for its Ki??lada??, Lamaque and Skouries mines.In a press release, the Vancouver-based miner stated that, due to a 20 per cent y-o-y fall in sales volumes, its adjusted Q4 loss came in at $400,000 compared to $2.9 million in earnings in the year-ago quarter. In detail, sales...Read More
https://www.bloomberg.com/Commodity giant Glencore Plc defended working conditions at its mines in the Democratic Republic of Congo after an international labor federation said its employees are poorly treated and underpaid.The spat with Geneva-based IndustriALL, a global union federation that says it represents more than 50 million workers in 140 countries, comes as some of the world's biggest co...Read More
A new survey, conducted by Fabrizio, Lee & Associates - the lead campaign pollster for President Donald Trump - shows that 77% of 2018 voters nationwide have a favorable opinion of legalizing medical marijuana.Others have shown similar but slightly less enthusiastic support for recreational marijuana, as well.And regardless of support, fully three-quarters of the country believe the sale and use o...Read More
Leonovus Inc. (TSXV:LTV), a Blockchain technology stock, jumped after announcing that a proof of concept customer has purchased Leonovus 3.0Sean Mason | March 23, 2018 | SmallCapPowerA purchase order and new pilot projects boosted a Blockchain technology stock Friday. Here's some small stocks making big moves on Friday, March 23, 2018 (as of 4 pm EST):Leonovus Inc. (TSXV:LTV), a Blockchain tec...Read More
The Mint Corporation (TSXV:MIT) expects higher revenue per cardholder from the mobile wallet and new servicesSmallCapPower | March 23, 2018: Mint mobile wallet poised for April launch in the UAE. On March 22, 2018, The Mint Corporation (TSXV:MIT) announced that its majority-owned subsidiary, Mint Middle East LLC ("MME"), is expected to commercially launch the mobile wallet application in April. In...Read More
With a tear in her eye his mother joked that if J.C. was still alive, she would ground her sixteen-year-old son for killing himself. Unfortunately, her attempt to remain somewhat lighthearted after her son’s death reveals the tragic root of the problem.Teens have more legal restrictions than ever before. And as society continues to get stricter, teen suicide is skyrocketing.The suicide rate...Read More
With a tear in her eye his mother joked that if J.C. was still alive, she would ground her sixteen-year-old son for killing himself. Unfortunately, her attempt to remain somewhat lighthearted after her son’s death reveals the tragic root of the problem.Teens have more legal restrictions than ever before. And as society continues to get stricter, teen suicide is skyrocketing.The suicide rate...Read More
CloseGain/LossGold $1328.30-$5.10Silver$16.39-$0.21XAU79.39-1.49%HUI171.70-1.60%GDM601.72-1.28%JSE Gold1089.96+23.19USD89.78+0.13Euro123.11-0.36Yen95.09+0.47Oil$64.30-$0.8710-Year2.821%-0.061T-Bond144.90625+1.40625Dow23957.89-2.93%Nasdaq7166.68-2.43%S&P2643.69-2.52% The Metals: Gold chopped between $1327.50 and $1333.80 in Asia before it fell to a new session low of $1324.80 in early after...Read More
- Gold gained 1.8% and silver 2.5% to $1,333/oz and $16.60/oz yesterday- Gold climbs as Fed increases interest rates by 0.25% - now 1.5% to 1.75% range- Dovish Fed Chair Powell plans fewer than expected rate hikes in 2018- Markets disappointed at lack of hawkish comments from new Fed Chair - Dollar LIBOR rises to highest level since November 2008 - $200 trillion worth of dollar-denominated fi...Read More
The US Federal Reserve increased the federal funds rate to 1.75 percent, resulting in a weaker dollar and a soaring gold price.Read full newsRead More
Steve Curtis, chief executive of Caledonia Mining Corporation PLC (LON:CMCL), tells Proactive they achieved a new production record at the Blanket mine in Zimbabwe, unearthing 56,133 ounces of gold in 2017, some 11.5% more than in the preceding year.Curtis also discusses the recent moves to relax the indigenisation policy in Zimbabwe and how Caledonia plans to take a much larger stake than it curr...Read More
FTSE 100 closes 1.23% lowerReckitt Benckiser wanted after it walks away from Pfizer consumer healthcare purchaseBoE keeps key interest rate unchanged but two committee members vote for a quarter-point rise FTSE 100 tanked 1.23% on the day to close at 6,952, below the 7,000 level.The mid-cap FTSE 250 index lost even more, plunging 1.39%, or 274 points at 19,393 as the markets digested a streng...Read More
China unveiled plans on Friday to impose tariffs on up to $3 billion of U.S. imports in retaliation against U.S. tariffs on Chinese steel and aluminum products, as the world's two largest economies stood on the brink of a trade war.China was considering a 15 per cent tariff on U.S. products including dried fruit, wine and steel pipes and a 25 per cent tariff on pork products and recycled aluminium...Read More
Shares in Eldorado Gold (TSX:ELD)(NYSE:EGO) were down on Thursday after the company reported a Q4 loss and technical studies for its Ki??lada??, Lamaque and Skouries mines.In a press release, the Vancouver-based miner stated that, due to a 20 per cent y-o-y fall in sales volumes, its adjusted Q4 loss came in at $400,000 compared to $2.9 million in earnings in the year-ago quarter. In detail, sales...Read More
President Trump will fire the first shots (retaliatory or not) in the new global trade war today as he announces plans to crack down on China with what is expected to be $50 billion in tariffs, controls on investment, and possible visa restrictions.Read full newsRead More
Goldman Sachs lost its place among the top three earners of commodities-related revenue in 2017, falling below rivals JPMorgan, Morgan Stanley and Citibank for the first time, data from analytics firm Coalition showed.U.S.-based investment bank Goldman has been among the top three since Coalition started compiling the figures in 2010, having a longstanding reputation for generating revenue from co...Read More