IAMGOLD Hits 342 Metres Of 1.99 g/t Gold At Gosselin Deposit
IAMGOLD (TSX: IMG) continues to prove out the Gosselin deposit, which is found adjacent to its Cote Gold deposit in Ontario. The firm this morning released additional drill results from the deposit, which focused on drilling outside of the current resource boundaries of the deposit’s model. “We are very pleased to see that the results […]
Terra Balcanica Hits 895 g/t Silver Equivalent Over 2.0 Metres In Latest Assay Results
Terra Balcanica (CSE: TERA) hit the market this morning with the latest results from its ongoing exploration of the Viogort-Zanik project. Results released this morning consist of drilling assays from the Cumavici Ridge epithermal target. The assays released this morning come from hole CMVDD005, which was a 50 metre step-out to the west-northwest of CMVDD002, […]
Pierre Poilievre’s Conservative Party Breaks Record for Fundraising Dollars in Q4 2022
The Conservative Party of Canada likes its new leader and it shows. The party was able to raise the highest amount ever for all parties in a non-election quarter in Q4 2022 — Pierre Poilievre’s first full quarter as leader of the conservatives. The party’s fundraising arm, the Conservative Fund of Canada, brought in almost […]
ChatGPT Creator Launches Tool That Can — But May Not — Detect AI-Written Text
OpenAI, the company behind the internet-breaking “human-like” language model ChatGPT, on Tuesday released a new tool that could help quell — or at least begin to — some educators’ concerns over the chatbot. The new tool, called AI Text Classifier, is trained to tell if a piece of text is written by a human or […]
Intel Announces Pay Cuts for Company’s Upper Ranks to Avoid Layoffs Following Bleak Financial Results
Intel Corporation (Nasdaq: INTC) announced to its employees on Tuesday evening that it will be slashing employee compensation after reporting disappointing financial results last week. Pay cuts will impact the base pay of employees starting from above the mid-level ranks up to the company’s CEO. The company’s annual bonuses will remain unchanged, but other financial […]
Cathie Wood’s Big Ideas 2023 Sees Disruptive Innovation To Be Bigger Than Global GDP
Cathie Wood and her Ark Investment Management are back with their unsolicited Big Ideas 2023 report. The investment firm started publishing the annual document in 2017 “to highlight the technological breakthroughs evolving today and creating the potential for super-exponential growth tomorrow.” “We believe that innovation is taking off now, corroborating our original research and boosting […]
Central Bank Gold-Buying In 2022 Was at A 55-Year High, WGC Says
Central banks broke a 55-year gold-buying record in 2022. The gold rush, which is likely brought about by economic turbulence, adds up to a total of 1,136 tonnes of the yellow metal, which in US dollars would be worth around $70 billion, according to data from the World Gold Council (WGC). This new record also […]
Federal Reserve Hikes Rates 25 Basis Points, Hints At More Future Increases
As widely expected, the Federal Reserve hiked borrowing costs another 25 basis points, wrapping up its two-day policy meeting and bringing the fed funds rate to a range between 4.5% and 4.75%. Interest rates are now sitting at the highest since October 2007, and Fed officials indicated they will continue to keep raising them until […]
Why Are Central Banks Buying So Much Gold? — With David Erfle
Joining us on The Daily Dive this afternoon is David Erfle, founder of JuniorMinerJunky.com. Today on the show, David dives into what’s happening with gold: miners’ performance relative to the precious metal, his gold price prediction for this year, and why China’s central bank — and the rest of the world — is buying so […]
Pound Gone In Lebanon: Central Bank Devalues Currency Down By 90%
Lebanon will implement a new official exchange rate of 15,000 pounds per US dollar on February 1 according to central bank governor Riad Salameh, representing a 90% devaluation from the country’s current official rate at 1,507 pounds, which has remained stable for 25 years. According to Salameh, the move will apply to banks, resulting in […]