Bim/E+ via Getty Images Sibanye Stillwater (NYSE:SBSW) said Thursday a cyberattack on its IT system since Monday has disrupted some global operations, but its core mining and processing business was operating normally. The attack brought down its server and disrupted the system globally, a company spokesperson told Reuters, adding thatContinue Reading
Moussa81/iStock via Getty Images Montage Gold (OTCQX:MAUTF) said Wednesday that Côte d’Ivoire awarded the mining permit for the company’s Koné project, marking the final approval required to launch construction and operating activities. Montage (OTCQX:MAUTF) said it was awarded mining permits for both its Koné and Gbongogo deposits, which are validContinue Reading
sezer66/iStock via Getty Images K92 Mining (OTCQX:KNTNF) on Wednesday reported quarterly production of 24,347 ounces gold equivalent or 21,661 oz gold, 1,246,639 lbs copper and 26,754 oz silver, and quarterly sales of 19,064 oz gold, 898,578 lbs copper and 18,467 oz silver. John Lewins, K92 (OTCQX:KNTNF) Chief Executive Officer andContinue Reading
RHJ/iStock via Getty Images Precious metals miner Hecla Mining (NYSE:HL) Wednesday after market reported a 10% increase in silver production year-to-date compared to the year-ago period. Keno Hill produced 1.5 million ounces of silver, with milled throughput of 341 tons per day YTD and 406 tpd in the second quarter,Continue Reading
Moussa81/iStock via Getty Images Orla Mining (NYSE:ORLA) +2.2% in Wednesday’s trading after reporting Q2 gold production at its Camino Rojo oxide mine in Mexico increased 11% Y/Y to 33,206 oz, well above analyst expectations of 29.5K oz according to FactSet. The company said it mined 1.9M metric tons of oreContinue Reading
Brussels, Belgium, July 10th, 2024, Chainwire SKALE is enhancing scalability and efficiency for over 10 million monthly active users, solidifying its position as one of the world’s most efficient blockchains. SKALE, the gas-less EVM-compatible modular blockchain network, today launched the Pacifica V3 upgrade which accelerates block mining speed by 108%Continue Reading
Bernstein analysts see upside in two under-the-radar Bitcoin mining companies, citing their strategic shift towards housing artificial intelligence (AI) data centers. In a note, the firm initiates coverage on Iris Energy (IREN) and Core Scientific (CORZ) with Outperform ratings. Bernstein highlights the miners’ hybrid business model, leveraging their existing BitcoinContinue Reading
bodnarchuk/iStock via Getty Images Caledonia Mining’s (NYSE:CMCL) Q2 gold production at Blanket Mine in Zimbabwe was 20,773 ounces, a 19% increase from the year-ago period, it said on Wednesday. H1 2024 gold production at Blanket was 37,823 ounces, a 13% increase on the 33,472 ounces produced in the first halfContinue Reading
Jefferies analysts lowered the firm’s price targets for both Marathon Digital (NASDAQ:) and Argo Blockchain Plc (ARBK) due to the ongoing impact of the Bitcoin halving. The investment firm’s note cites a “modest recovery” in June following the May slump, but highlights continuing challenges. Despite a slight increase in BitcoinContinue Reading
Liens/iStock via Getty Images GoviEx Uranium (OTCQX:GVXXF) -30% in Friday’s trading after saying the Niger government has stripped the company of its right to develop a uranium project, after the government last month revoked a mining permit held by French firm Orano. GoviEx (OTCQX:GVXXF) said it was been informed byContinue Reading
