The precious metals company Orla Mining Ltd. (TSX: OLA) significantly expanded its Nevada territory this week by closing its acquisition of Contact Gold and its 4,500-hectare Pony Creek property. The site is right next to Orla’s South Railroad project in the state’s Carlin gold trend. The acquisition also came with the Green Springs property, located
Authorities in Norway have revealed their intention to introduce a new data centre law aimed at regulating operations within these facilities. One of the key objectives of this legislation is to target cryptocurrency mining activities, which the government deems undesirable within the country. The proposed law will require data centre operators to register and
Bitfinex warns of potential centralization of mining power amid concerns over the upcoming Bitcoin’s halving, which could increase financial pressure on small miners. Bitcoin’s upcoming fourth halving scheduled for around Apr. 20 might force smaller miners to exit the market, with remaining mining operations likely to be accessible only by publicly traded miners. According to
Topline Bitcoin has soared to new record highs in recent weeks and enthusiasts feel it is poised to grow even further with an upcoming “halving,” a key event written into the foundations of the cryptocurrency to limit supply that has historically coincided with elevated prices and boosted attention to the crypto sector. the upcoming halving
Published: Jan. 25, 2024 at 12:01 p.m. ET U.S. mortgage rates rose to the highest level in six weeks, but have stayed well below 7%, offering some stability to home buyers. The 30-year fixed-rate mortgage rose and averaged 6.69% as of January 25, according to data released by Freddie Mac FMCC on Thursday. It’s up
Published: Jan. 11, 2024 at 12:26 p.m. ET Mortgage rates rose slightly in the latest week, but that didn’t deter home buyers. The 30-year fixed-rate mortgage rose and averaged 6.66% as of January 11, according to data released by Freddie Mac FMCC on Thursday. It’s up 4 basis points from the previous week — one
Published: Jan. 11, 2024 at 11:25 a.m. ET By Robb M. Stewart Solaris Resources’ shares jumped after the Canadian exploration company moved to secure a 130 million Canadian dollar (US$97.1 million) investment that would help fund development of its flagship Warintza project in southeastern Ecuador. In morning trading, the shares were 5.3% higher, at C$4.21,
Published: Jan. 11, 2024 at 7:04 a.m. ET By Robb M. Stewart Solaris Resources has lined up a 130 million Canadian dollar ($97.1 million) investment from China’s Zijin Mining that will help fund development of the Canadian exploration company’s flagship Warintza project in southeastern Ecuador. Solaris said Thursday the gold-focused mining giant will invest through