CIBC lost $64 million in a day in gold market turmoil
Mining News Pro - Canadian Imperial Bank of Commerce (CIBC) took a mark-to-market trading loss of C$88.2 million ($64 million) in one day in March due mainly to volatility in the gold market, the bank said in its second-quarter earnings report on Thursday.
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CIBC is first quarter’s top mining dealmaker
Mining News Pro - A new report by GlobalData shows the value of deals in the metals and mining sector jumped from last year, despite the number of agreements inked falling.
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