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Mali Detains Mining Executives Amid Growing Hostility Toward Foreign Firms

Mali’s military-led government has detained Terry Holohan, CEO of Australia’s Resolute Mining Ltd. (ASX: RSG), along with two other company executives, marking a serious escalation in the country’s strained relations with foreign mine operators. The detentions, which occurred after the executives traveled to the capital, Bamako, for meetings with Malian mining and tax officials, were […]

Plurilock Lands $5.4 Million Contract With Canadian Law Enforcement Agency

Plurilock Security (TSXV: PLUR) continues to secure substantial contracts within the cybersecurity industry. The company this morning indicated it has secured its latest agreement with an unnamed Canadian law enforcement agency.

American Eagle Gold Sees South32 Take 19.9% Interest In Company For $29 Million

American Eagle Gold (TSXV: AE) has received a major vote of confidence from Australia-based South32 (ASX: S32), which is a spinout from BHP Billiton focused on diversified metals and mining. The mining major has agreed to make a strategic investment into American Eagle, following the success it has seen at its NAK project in British […]

Power Nickel Intersects 3.82% Copper Equivalent Over 19.6 Metres At Lion Zone

Power Nickel (TSXV: PNPN) continues to hit high grade mineralization at its Lion Zone, a new discovery at its flagship Nisk project in Quebec.

Freegold Hits 1.23 g/t gold Over 170.7 Metres At Golden Summit

Freegold Ventures (TSX: FVL) has intersected long lengths of gold mineralization at its Golden Summit project in Alaska. The intercepts come from an ongoing drill program which saw four holes drilled as part of a program focused on facilitating metallurgical testing. Four holes were drilled as part of this metallurgical program, with one hole focused […]

OpenAI’s ‘Orion’ Model Shows Diminishing Returns —Report

Artificial intelligence company OpenAI’s next flagship model, code-named Orion, demonstrates smaller performance improvements compared to previous iterations, The Information has reported, citing company employees familiar with the matter. Internal testing reportedly showed that while Orion surpasses existing models overall, the advancement gap is less significant than that observed between GPT-3 and GPT-4, the company’s previous […]

Bell Q3 Earnings: Massive Impairments. Guidance Cuts. A Mess.

Well, well, well. What do we have here?  A faltering telecom oligopoly in Trudeau’s Canada? Say it ain’t so! BCE Inc (TSX: BCE), or Bell as most people call it, reported their third quarter results on Thursday and lets just say, they’ve had better days. Massive impairments. Constrained growth. Guidance cuts. The results had it […]

Germany Looks To Modernize Military Recruitment But Stops Short of Conscription

The German government approved a draft law Wednesday requiring young men to complete a mandatory survey about their readiness to serve in the Bundeswehr, Germany’s armed forces. The initiative comes as part of broader efforts to strengthen the military amid growing security concerns in Europe following Russia’s invasion of Ukraine. Under the proposed law, all […]

Bitcoin Mining’s Reality Check: When a Coin Costs More Than It’s Worth

Bitcoin mining has never been for the faint-hearted, but the latest data from CoinShares reveals an industry squeezed by soaring production costs, financial losses, and fierce competition. As Bitcoin’s block reward halves every four years, the race for profitability among miners grows more brutal. CoinShares’ recent report for Q3 2024, penned by James Butterfill and […]

Alamos Gold Q3: Record Revenue & Production Amid Rising Costs

Folks, we’ve got another great quarter in the books for a gold producer. Alamos Gold (TSX: AGI) this past week reported its third quarter financial results, and well, the word “record” appears in the release a number of times on all the right line items. The market may not appreciate it just yet after the […]