AINewsBreaks Archive - Page 13 of 29

WednesdayFeb 05, 2025 9:10 am

AINewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Announces Gold Resource Increase at Fox Complex’s Grey Fox Deposit

McEwen Mining (NYSE: MUX) (TSX: MUX) reported a significant increase in estimated gold resources at the Grey Fox deposit within its Fox Complex, compared to its 2021 estimate. The discovery cost was $14.46 per ounce, with mineralization located near the historically productive Porcupine-Destor fault. The increase is attributed to exploration drilling, a higher gold price assumption of $2,000 per ounce versus $1,725 in 2021, and a lower cut-off grade of 1.60 g/t gold. Chairman Rob McEwen stated that the expanded resources will support higher annual production and extended mine life. A complete resource update is expected in the coming weeks.…

MondayFeb 03, 2025 11:55 am

AINewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Reports Increased Gold Resources at Grey Fox Deposit

McEwen Mining (NYSE: MUX) (TSX: MUX) announced a significant increase in estimated gold resources at the Grey Fox deposit within its Fox Complex as of Dec. 31, 2024, compared to its 2021 estimate. The discovery cost averaged $14.46 per ounce, with new exploration drilling and higher gold prices contributing to the resource expansion. The updated resource estimate reflects a lower cut-off grade due to gold price adjustments from $1,750 to $2,000 per ounce. Chairman Rob McEwen stated that the expanded resources will support increased annual production and extended mine life. A full resource update is expected in the coming weeks.…

ThursdayJan 30, 2025 2:25 pm

AINewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Featured in New Video Series by Allan Barry Laboucan

McEwen Mining (NYSE: MUX) (TSX: MUX), an asset rich diversified gold and silver producer with a large exposure to copper through its McEwen Copper subsidiary, was recently featured in a new video series launched by Allan Barry Laboucan called “Insights into Drilling.” Allan has spent 30 years of his life watching drill results, drill programs, drill models and reasons for drilling. He sees it as the lifeblood of the mining business. In an email to subscribers introducing the first video of the series, he wrote, “McEwen Mining has catalysts from their world-class copper development project, strong improvement to their bottom…

ThursdayJan 30, 2025 1:40 pm

AINewsBreaks – Meta Platforms Inc. (NASDAQ: META) Surpasses Market Expectations with Strong Q4 Earnings

Meta (NASDAQ: META) is a leading technology company known for its popular social media platforms, Facebook and Instagram. The company recently reported its fourth-quarter earnings for 2024, surpassing market expectations. Meta achieved earnings per share (“EPS”) of $8.02, exceeding the analyst estimate of $6.76. The company’s revenue for the quarter reached $48.39 billion, surpassing the anticipated $46.99 billion. Meta’s strong performance is largely attributed to advancements in artificial intelligence (“AI”), which have significantly bolstered its core advertising business. The Family of Apps, which includes Facebook, Instagram, WhatsApp, and Messenger, generated total revenue of $47.3 billion, marking a year-over-year increase from…

MondayJan 27, 2025 1:28 pm

AINewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Positioned Amidst Growing Demand in AI Sector

McEwen Mining (NYSE: MUX) (TSX: MUX) is positioned to benefit from the surging demand for crucial minerals in the AI industry. A recent article highlights this opportunity demonstrated in strategic moves taken by Isreal and the U.S. “The government in Israel has set up a new office based at the Defense Ministry. This office will superintend over the development of technology focused on AI and autonomy. Dubbed the AI & Autonomy Administration, this team will operate under the auspices of the ministry’s defense research and development directorate. The directorate plays a crucial role in Israel’s military technology space,” the publication reads. “It should…

MondayJan 27, 2025 8:30 am

AINewsBreaks – D-Wave Quantum Inc. (NYSE: QBTS) Unveils Leap Quantum LaunchPad™ Program to Accelerate Adoption of Quantum Computing

D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems and the world’s first commercial supplier of quantum computers, has launched the Leap Quantum LaunchPad™ program to advance quantum computing application deployment. The initiative offers a three-month free trial granting access to D-Wave's technology, including its Advantage™ quantum computers and Leap™ cloud service, along with expert technical guidance. Aimed at helping businesses tackle complex optimization challenges, the program supports rapid exploration, development, and production of quantum and hybrid-quantum applications. Chief Revenue Officer Lorenzo Martinelli highlighted the program’s potential to enable organizations to address critical problems with quantum technologies. Additionally,…

ThursdayJan 23, 2025 12:45 pm

AINewsBreaks – Meta Platforms Inc. (NASDAQ: META) Receives Interim Relief from India’s NCLAT

Meta (NASDAQ: META) is a leading technology company known for its social media platforms, including WhatsApp. Recently, Meta received interim relief from India’s National Company Law Appellate Tribunal (“NCLAT”), which has temporarily stayed a five-year ban imposed by the Competition Commission of India (“CCI”) on WhatsApp’s data-sharing practices. This decision offers Meta a temporary reprieve in its ongoing legal challenges related to data privacy in India. The relief from NCLAT comes at a time when META’s stock price is experiencing a slight increase. Currently priced at $625.07, the stock has seen a modest rise of 0.25%, or $1.57. This increase…

WednesdayJan 22, 2025 3:21 pm

AINewsBreaks – Adageis at Forefront of Shift to Value-Based Care

Adageis is structured to support providers during a transformation of the U.S. healthcare system, shifting from fee-for-service models to value-based care. The company’s unique offering of tools and solutions simplify the necessary moves, including AI-driven analytics and patient-focused care solutions. “This transition prioritizes quality outcomes over service volume but requires a dramatic overhaul of infrastructure, culture and operations. Adageis, a forward-thinking healthcare technology company, is at the forefront of this shift, with its focus on revolutionizing patient care through innovative value-based solutions,” reads a recent article. “Adageis has all the tools needed to support providers during this transformation. Its ProActive Care…

FridayJan 17, 2025 2:49 pm

AINewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Offers Diversified Approach for Today’s Landscape

McEwen Mining (NYSE: MUX) (TSX: MUX) was featured in a recent article that discussed its positioning as a key player in the precious metals market while offering exposure to growth trends. “As gold continues to shine as a pillar of stability, investors seeking exposure to the precious metals sector should take a close look at McEwen Mining (NYSE: MUX) (TSX: MUX). McEwen Mining combines the traditional value of gold and silver with promising growth prospects, providing a diversified approach for investors. With operations spanning across the United States, Canada, Mexico, and Argentina, McEwen Mining stands out as a well-established and diversified…

WednesdayJan 15, 2025 11:15 am

AINewsBreaks – Meta Platforms Inc. (NASDAQ: META) Plans Workforce Reduction

Meta (NASDAQ: META) is a leading technology company known for its social media platforms, including Facebook, Instagram and WhatsApp. The company is currently planning to reduce its workforce by about 5% through performance-based terminations. Despite these reductions, Meta plans to hire new employees to fill these roles within the year, as highlighted by Riley Griffin on “The Asia Trade.” The current stock price of Meta is $594.25, showing a decrease of 2.31% or $14.08. This decline in stock price may reflect investor concerns about the workforce reduction and its potential impact on the company’s operations. Today, the stock has traded…

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