Metals market veteran Michael Hutchinson has joined the board of Switzerland-based Tiberius group as non-executive chairman, Tiberius told Metal Bulletin on Wednesday May 2. "Mike is an experienced and very successful metal man who will help us achieve our ambitious growth targets," Chris Eibl, founder and chief executive office of Tiberius, said. "He has tremendous amounts of knowledge in all are...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
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
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
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
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
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
The name "Michelle Wolf" has dominated headlines and has become the talk of the mainstream media following the comedian's speech roasting the Trump Administration at the White House Correspondents' Dinner on Saturday. While everyone seems to have an opinion on Wolf's comments, the fact is that the debate has served as the perfect distraction from several incredibly important news stories from the...Read More
May 2, 2018 (Investorideas.com Newswire) The common shares of Canamex Gold Corp. have been approved for listing on the CSE. Listing and disclosure documents will be available at www.thecse.com on the listing date.Canamex Gold Corp. is engaged in the development of the Bruner gold project and exploration of the Silverton gold project, both projects located in Nevada USA. Canamex is moving the Brune...Read More
The Turkish deep-sea scrap import market remained quiet on Wednesday May 2, after a break for public holidays in Turkey and across much of Europe on May 1, but steel mills were still expected to book more cargoes for May delivery.Turkish steel mills have booked more than 20 deep-sea cargoes for May delivery so far, and more cargoes are expected to be bought in the next few days, according to marke...Read More
Vancouver, British Columbia - May 2, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Alto Ventures Ltd. (TSXV: ATV) is pleased to announce the acquisition through staking of 63 claim units totaling 1,300 hectares located in the Beardmore-Geraldton gold belt, approximately 25 km east from Beardmore and 55 km west from Geraldton (the "Brookbank East Project").The Brookbank East property lies alon...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
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...Read More