SYDNEY (Reuters) - The Commonwealth Bank of Australia has been forced to reveal it lost the records of almost 20 million accounts and decided not to inform its customers, another blow to an institution already reeling from multiple scandals.CBA’s acting Group Executive, Retail Banking Services, Angus Sullivan accepted responsibility on YouTube after BuzzFeed Australia broke the story on Wedn...Read More
CloseGain/LossGold $1304.50-$0.60Silver$16.37+$0.20XAU81.92+0.61%HUI180.59+0.78%GDM624.96+0.28%JSE Gold1154.73+50.13USD92.81+0.34Euro119.41-0.53Yen91.20-0.03Oil$67.81+$0.5610-Year2.976%+0.007T-Bond143.0625-0.09375Dow23924.98-0.72%Nasdaq7100.90-0.42%S&P2635.67-0.72% The Metals: Gold gained $6.50 to $1311.60 in Asia before it dropped back to $1304.10 in midmorning New York trade and then jum...Read More
Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More
Refining charges (RC) for blister copper, a substitute for copper scrap in refined production, fell in April following a drop in scrap imports into China. Metal Bulletin assessed RCs for 98-99% blister copper on a cif China basis at $225-245 per tonne on Monday April 30, down $5 month on month, with several spot deals of African tonnages settled within the range. A cif Shanghai blister copper...Read More
Examples of visible gold from Marathon Gold's Valentine Lake Project in Newfoundland. Source: Marathon Gold Corp.Marathon Gold Corp. [MOZ-TSX; MGDPF-OTC] has boosted gold ounces and grade at its 100%-owned Valentine Lake Project in Newfoundland.The resources were revised as part of a soon to be released preliminary economic assessment (PEA), expected in the second quarter of 2018. The new measured...Read More
Kirkland Lake GoldLtd. (TSX, NYSE: KL; ASX: KLA) reported that its profit rose in the firstquarter. The Company also announced an increase to its quarterly dividend to 3Canadian centers per share from two cents, starting with the second quarter,with the dividend payable in July. Net earningsincreased $53.8million, or 25 cents pershare, from $13.1 million, or 6 cents, in the fi...Read More
Ackroo Inc. (TSXV:AKR), a marketing technology stock, climbed after announcing record first-quarter revenueSean Mason | May 2, 2018 | SmallCapPowerRecord revenue and a first-ever profit powered a marketing technology stock higher Wednesday. Here's some small stocks making big moves on Wednesday, May 2, 2018 (as of 4 pm EST):Ackroo Inc. (TSXV:AKR), a marketing technology stock, jumped 13% to $...Read More
NEW YORK (Reuters) - The volatility that stopped the bull market in U.S. stocks in its tracks after hitting record highs in January is rewarding stock-picking fund managers.Approximately 60 percent of U.S. actively managed large-cap funds are beating their benchmarks for the year to date, the best performance through April for any year since at least 2009, according to research from Bank of Americ...Read More
Brio's Santa Luz Mine in Brazil. Source: Brio Gold Inc.Leagold Mining Corp. [LMC-TSX; LMCNF-OTCQX] on Wednesday announced that the following debt and equity financings have been arranged, subject to the completion of its acquisition of Brio Gold Inc. [BRIO-TSX].Leagold's existing $150 million senior secured credit facility has been amended to provide an additional $100 million tranche of funding....Read More
Rumours abound that Aurora Cannabis Inc. (TSX:ACB) is interested in acquiring Australia's Cann Group LimitedSmallCapPower | May 2, 2018: Aurora Cannabis Inc. (TSX:ACB) Monday responded to speculation that appeared in the Australian Financial Review (AFR) about a potential takeover of Cann Group Limited. Aurora Cannabis holds 22.9% stake in Cann Group, the first Australian company licensed to condu...Read More
NEW YORK (Reuters) - U.S. stocks edged higher on Wednesday after the Federal Reserve released its policy announcement, leaving interest rates unchanged.In its announcement, the U.S. central bank expressed a confident economic outlook, saying that activity had expanded at a moderate rate and that inflation was nearing its 2-percent target. The Fed unanimously decided to keep its lending rate in a t...Read More
Ontario is investing in the mining supply and services sector and creating jobs in the North by investing in 12 projects, helping to create 20 new full-time jobs.Through the Northern Ontario Heritage Fund Corporation, the province is investing in 12 mining supply and services companies across Northern Ontario including NorArc Steel in Earlton. The company will receive funding to design and build a...Read More
The Canadian Blockchain stocks on our list have low 30-day Relative Strength Index (RSI) scoresSmallCapPower | May 2, 2018: Relative Strength Index (RSI) is a measure of price momentum. High values above 70 indicate that a stock may be overbought, while low values below 30 indicate it may be oversold. In the last month, cryptocurrencies have seen consistent growth in their prices. Bitcoin and Ethe...Read More
Robots will very likely be running most successful mines in the future, a New York mining conference heard this week, but getting there will require both significant efforts to identify the most beneficial uses for artificial intelligence and other technologies, and careful management of operational changes that lift displaced workers up the skills curve.Alastair Sharp in New York Gold producer Ne...Read More
* Fed holds interest rates steady* Dollar weakens after Fed statement* Platinum near December lows(Recasts throughout; updates prices, headline, market activity and comments)By Renita D. Young and Pratima DesaiNEW YORK/LONDON, May 2 (Reuters) - Gold prices extended gains on Wednesday after the U.S. Federal Reserve's dovish remarks weakened the dollar against a basket of currencies, yet bullion rem...Read More
Cobalt prices fell on Wednesday May 2 for the first time since October, with the potential bullish impact of legal action against Glencore by Dan Gertler insufficient to offset greater competition to secure spot sales in the immediate term. Metal Bulletin assessed low-grade cobalt prices at $43.50-44.25 per lb in-warehouse on Wednesday, down 0.5% from $43.70-44.45 per lb previously. High...Read More
You probably saw the presentation slide just as clearly as I did.Yeah, the one that said in big bold letters that Iran lied about its nuclear weapons program.Essentially, Israeli PM Netanyahu laid out his evidence that Iran had hid its program, titled Project Amad, from the world. He even showed us a picture of the building in which Iran had hidden it.Project Amad had one purpose: developing nucle...Read More
Namaste Technologies Inc. (TSXV:N) reported Q2 sales of $5.6 million, a 195% quarter-over-quarter increase, and anticipates accelerated growth in Q3 and Q4SmallCapPower | May 2, 2018: Namaste Technologies Inc. (TSXV:N) is one of the world's largest online retailers of cannabis delivery systems, selling vaporizers and smoking accessories through 24 e-commerce sites across 20 countries. Namaste is...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
Vancouver, British Columbia - May 2, 2018 (Newsfile Corp.) (Investorideas.com Newswire) EMX Royalty Corporation (TSXV: EMX) (NYSE American: EMX) (the "Company" or "EMX") is pleased to announce additional high grade zinc-lead-silver diamond drill results from Boreal Metals Corp.'s (TSX Venture: BMX) ("Boreal") 2017-2018 winter drill campaign at EMX's Gumsberg royalty property. Gumsberg is located i...Read More