Showing 1–16 of 403 items from the last 14 days
Google Deepmind chief Koray Kavukcuoglu admits Google's current models are "a little bit below the frontier" but says he's "100% certain that we will be at the frontier." He didn't share any concrete frontier news to back that up, though. The article Google Deepmind's new chief says frontier AI leadership is the only thing that matters appeared first on The Decoder.
Read original →With Google Pics, Google is pushing deeper into the creative software market dominated by Canva and Adobe, but with a distinctly AI-first approach.
Read original →U.S. Central Command announced new strikes around the Strait of Hormuz following Iranian attacks on ships and U.S. military personnel.
Read original →Investor Insight Mayfair Gold is progressing its 100 percent-owned Fenn-Gib gold project toward production, with a development plan anchored by a robust 2026 pre-feasibility study (PFS). The company’s strategy emphasizes a smaller scale mine designed to accelerate permitting through Ontario’s One Project One Process platform and exploit near surface high-margin ounces in a capital efficient manner. The PFS only corresponds to 24 percent of the indicated gold resource leaving meaningful optionality for long term growth coupled with exploration upside across a broader land package. Overview Mayfair Gold (TSXV:MFG,NYSE American:MINE) is a development-stage company with the primary objective of advancing the Fenn-Gib gold project — a large, bulk-tonnage open-pit deposit located in one of Canada’s most prolific gold districts. The company’s technical team is executing on provincial permitting, Indigenous consultation, engineering and ongoing exploration to expand mineralization beyond the current pit constraints. Mayfair Gold’s flagship Fenn-Gib gold project is located within the established Timmins Gold District in Ontario, which has produced more than 100 million ounces of gold historically. The PFS, prepared in accordance with NI 43-101 standards and filed in January 2026, outlines a base-case economic model with an after-tax NPV (5 percent) of C$652 million and an IRR of 24 percent, using conservative gold prices, and demonstrates rapid payback potential. Under a spot price scenario, project economics improve markedly, underscoring the asset’s leverage to higher gold prices. With over $200 million in annual free cash flow once in operation the company will have a robust source of capital to fund growth initiatives. Company Highlights Robust Pre-feasibility Study: The 2026 PFS highlights compelling returns on a modest initial throughput design while leveraging a large resource base. High-grade Early Focus: The staged plan targets higher-grade, near-surface material to optimize permitting timelines, construction risk, financing, and ultimately accelerate value capture. Strategic Location: Fenn-Gib sits on the highly prospective Timmins Gold District, Ontario — a tier-one mining jurisdiction with established infrastructure and a long history of mining-related activity and supportive communities. Strong Financial Backing: The company has a committed shareholder base, including Muddy Waters, Heeney Capital, Oaktree and Nokomis. With a tight share structure and strong Insider ownership of 36% there is clear alignment for long-term shareholder value creation. Exploration Optionality: Mineralization at Fenn-Gib remains open at depth and along strike, with multiple underexplored targets identified across the property. This includes a Southern Block that has not been explored but sits directly on the prolific Porcupine-Destor fault. Long-term optionality: With a truncated timeline to production the company will be in an advantageous spot for growth initiatives that can be funded with free cash flow. CEO Drew Anwyll is an experienced mine builder; he successfully permitted the Marathon PGM project in Ontario and was a senior executive during the construction, commissioning and start-up of Detour Lake, Canada’s largest gold mine. Key Project Fenn-Gib Gold Project Fenn-Gib is Mayfair’s flagship asset, encompassing a significant indicated mineral resource of 181.3 million tonnes grading 0.74 g/t gold for 4.3 million contained ounces, and additional inferred ounces. The project benefits from excellent access via Highway 101 and proximity to regional mining services. The 2026 PFS centers on a 4,800 tonnes-per-day open-pit operation designed to process approximately 1.04 million ounces of gold, representing 24 percent of the total resource and reflecting a conservative, execution-oriented approach. Highlights from the study include: After-tax NPV (5 percent) of C$652 million and IRR of 24 percent at a base case gold price of US$3,100/oz. After-tax NPV of C$1.37 billion and IRR of 38 percent at current spot gold prices. 2.7-year payback period on initial capital costs under the base case (1.7 year payback at January 2026 prices) Mayfair Gold’s late-2025 grade control program at the Fenn-Gib Project confirmed about 1 million tonnes of ore-grade material, equal to roughly 25% of Phase 1’s planned design and consistent with probable reserves outlined in the PFS. Ongoing 2026 activities include encompassing process plant and infrastructure design optimization, evaluating grade control and condemnation drilling results. The company said it is focused on taking a practical path toward construction and production for Fenn-Gib in an expedited timeframe. In addition to economic studies and active dialogue with Indigenous stakeholders, the company has executed engineering contracts with industry providers to support mine planning, processing design, environmental baseline work, and tailings/water management — positioning the project for upcoming acceptance into the 1P1P permitting framework in 2026 and potential construction decision in 2028. Exploration Potential Beyond the defined pit shell, Fenn-Gib hosts multiple zones including the Main Zone, Deformation Zone, and Footwall Zone, with geological continuity extending along strike and at depth. Newly identified targets such as the Southern Block along the Porcupine Destor-Fault present opportunities for future discovery drilling and resource expansion. Management Team Drew Anwyll — Chief Executive Officer Drew Anwyll is a professional engineer with over 30 years of global mining experience in both project and operations leadership. His background includes senior technical and operating roles at Generation Mining, Detour Gold, Barrick Gold and Placer Dome. Anwyll’s track record includes leadership through permitting, construction, commissioning, and operational phases, anchoring Mayfair’s operational planning and execution. Kevin Annett — Chief Financial Officer Kevin Annett is a seasoned mining finance executive with over 15 years of experience spanning project construction, operations, and corporate leadership. He most recently served as Chief Financial Officer, North America at Barrick Mining Corporation, where he led financial strategy, planning, and governance for the company's largest region, with a strong focus on disciplined capital allocation and value creation. Earlier in his career, he held progressively senior roles across Barrick and Detour Gold. Desmond Tranquilla – Chief Project Officer Desmond Tranquilla is a seasoned mining executive and professional engineer with over 35 years of experience in project development, construction, operations, and strategic leadership. He previously served as Vice President, Projects at Canada Nickel Company, where he made significant contributions towards advancing the Crawford Nickel Project. He has also led significant potash expansions in Saskatchewan, alongside major developments such as Vale's C$1.6 billion Atmospheric Emission Reduction Project and the C$1.5 billion Detour Lake Mine Project. Ruben Wallin – Senior Vice President, Sustainability Ruben Wallin has over 30 years of experience in mining operations, environmental stewardship, permitting, government relations and community engagement. He recently served as Vice President, Sustainability at Generation Mining, where he played a key role in advancing the environmental approvals for the Marathon Project. Combining technical engineering education with corporate and site-level experience on major mining projects and operations, he also held positions with companies such as Placer Dome, Osisko and Detour Gold. Zayem Lakhani — Vice President, Corporate Development and Strategy Zayem Lakhani brings more than 17 years of expertise in investment management, equity research, and corporate development. Before joining Mayfair, he served as portfolio manager and head of Canadian equities at HSBC Global Asset Management, where he oversaw the investment process for approximately $4 billion in capital across diverse strategies. Lakhani brings a unique network and an investor’s perspective to help position the company’s story.
Read original →Using access granted under the EU's Digital Services Act, the German advocacy group AlgorithmWatch ran 4,480 election-related search queries on Google and analyzed the AI Overviews that came back. Google showed the overviews inconsistently and leaned on a small pool of sources, chief among them its own platform YouTube. Whether earlier safeguards against AI answers on election questions still apply, Google left open. The article Google's election AI Overviews are opaque, rely on few sources, and sometimes take sides appeared first on The Decoder.
Read original →OpenAI said that the integration provides read-only access to health records for clinicians.
Read original →Canadian Prime Minister Mark Carney said "It's beneath their office' when asked about Trump Cabinet secretaries insulting his nation's military.
Read original →While Sasol continues to reduce its overall capital expenditure, the JSE-listed group is increasing its investment in its coal mining business to shore up the feedstock needed to raise output at its Secunda Operations to 7.4-million tons, while also reducing external coal purchases. Production at Secunda Operations in Mpumalanga increased to 7.2-million tons in the year to June 30, a five-year high that helped underpin strong results that were also buoyed by energy market developments after the US and Israel declared war on Iran.
Read original →AI company Runway has unveiled Solaris, the first model in a new category it calls "Interface World Models." Instead of running code, the system generates the user interface frame by frame as you interact with it. The article Runway's Solaris is an AI system that generates software interfaces in real time appeared first on The Decoder.
Read original →Homey’s new tactile touchscreen controller has a rotary dial for controlling lights, climate, music and more. Smart homes have gotten really good at making things really complicated. Turning on a light can involve multiple steps, compared to just flipping a switch. Homey, the Dutch-based smart home platform owned by LG, thinks it has a solution. This week it launched the Homey Portal, a touchscreen smart home controller that looks very promising, if very expensive. Preorders open today at an introductory price of $249/€249, with units shipping in December. A 2.8-inch round touchscreen device with a stainless steel dial, the Homey Portal can sit on a desk or mount to the wall and is powered by a USB-C cable. You tap the icons to control devices li … Read the full story at The Verge.
Read original →A closely followed measure of artificial intelligence token prices touched fresh lows.
Read original →DDH-26-05 delivers QIMC’s strongest high-concentration hydrogen interval to date; Company plans to continue drilling with...
Read original →"Please get to a safe place or call emergency services": That's the advice Google's AI search gave users who typed that they were alone with an African, Indian, or Pakistani. The article Google's AI search dropped its emergency-call advice over nationalities but still flags people from Facebook appeared first on The Decoder.
Read original →Waymo argued that fully autonomous vehicles aren't possible without using a mix of sensors and warned that pure end-to-end AI systems aren't safe enough.
Read original →Treasury yields increased on Tuesday as investors monitored a reignition of tensions in the Middle East.
Read original →Platinum group metals (PGM) and gold mining company Sibanye-Stillwater achieved an exceptional half-year financial performance, with record revenue up 65% at R90-billion and adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) an 111%-higher R31.8-billion. Record cash generation in the six months to June 30 has materially strengthened the balance sheet and expanded financial flexibility. An interim dividend of R5.7-billion has been declared.
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