See the full story in the original article.
Read the original on Yahoo Finance ↗
Related news
- Freegold drills 1.24 g/t Au over 213m including 21m of 5.77 g/t Au at Golden Summit
Freegold (TSX: FVL) reports eight more drill holes from its Golden Summit project in Alaska, with Dolphin showing long, continuous gold mineralization and higher-grade zones. Hole GS2656 intersected 21.0 m at 5.77 g/t Au from 467 m within a broader 213.0 m at 1.24 g/t Au, while GS2648 returned 2.47 g/t Au over 18 m starting at 63.1 m, supporting starter pit studies. Eight geotechnical holes are complete and the company is moving directly to a 2027 pre-feasibility study (PFS). The current resource stands at 17.2 Moz Indicated at 1.24 g/t Au and 11.9 Moz Inferred at 1.04 g/t Au as of July 2025, and CEO Kristina Walcott says the PFS centres on a smaller first-stage pit, with the near-surface oxide resource of nearly 1 million ounces being evaluated as early feed.
- Tectonic Metals Drills 2 . 41 g / t Au over 59 . 44 metres , Including 11 . 82 g / t Au over 10 . 67 metres and 39 . 96 g / t Au over 3 . 05 metres at Alpha Bowl , Flat Gold Project , Alaska
Tectonic Metals reported results from 19 drill holes at Chicken Mountain, the most advanced of six intrusion targets at its 99,840-acre Flat Gold Project in southwest Alaska. Drilling at Alpha Bowl and Adit continues to show broad, near-surface gold with higher-grade intervals that could be relevant to future starter-pit evaluations, and gold-bearing hydrothermal brecciation was identified at Adit. Alpha Bowl spans about 820 metres along strike and up to 600 metres wide, and has been drill-tested to over 300 metres depth. The company has completed more than 29,000 metres of drilling in 2026, with 114 holes (about 22,000 metres) awaiting assays, a maiden mineral resource estimate targeted for Q1 2027 and a Preliminary Economic Assessment targeted for Q2 2027.
- Taiwan agrees to buy 30% of gas from Alaska LNG project, Trump says
U.S. President Donald Trump said Taiwan agreed to buy 30% of the gas from the proposed Alaska LNG pipeline for the next 20 years, speaking at a rally in Alaska. He also said he would invest $4.4 billion in the project, on top of the $50 billion South Korea has committed, although Seoul maintains its participation has not been finalized. The terms of the Taiwan deal were not immediately clear, though Taiwan's CPC Corp had reportedly reached an agreement last year to buy LNG and invest in the pipeline. Taiwan relies on imports for more than 90% of its energy, and AI-related growth is pushing up its energy demand. Developer Glenfarne aims to deliver the project's first gas in 2029. The White House, Taiwan's energy ministry and CPC Corp did not immediately respond to requests for comment.
- iMetal Resources Advances Phase 4 Drill Targeting at Gowganda West Gold Project as Shining Tree Camp Activity Accelerates
iMetal Resources is integrating 2025 drilling and historical data at its Gowganda West gold project in Ontario's Shining Tree Camp to refine the geological model before a planned Phase 4 program in Q4 2026. Its largest shareholder, McFarlane Lake Mining, hosted a site visit to compare geology and mineralization with its nearby Juby Gold Project, which hosts 1.07 million ounces Indicated at 0.96 g/t and 5.09 million ounces Inferred at 0.87 g/t. McFarlane's October 2 technical report showed a 61% rise in Inferred resources, including 1.82 Mt at 1.29 g/t in the 826 Zone. Elsewhere in the camp, PTX Metals finished a six-hole, 1,209-metre drill program at Ronda, with assays pending. iMetal cautioned that mineralization on nearby properties does not necessarily indicate mineralization at Gowganda West.
Related markets
Latest news
- Is Nvidia Stock Really Trading for Just 8 Times 2030 Earnings?
Nvidia is the market's most valuable company, with a market cap above $5 trillion. It trades at 27 times adjusted trailing earnings, but only about 8 times analysts' estimate for fiscal 2030 earnings, a figure the author stresses is a moving target. Revenue growth accelerated from 56% in Q2 FY 2026 to 106% in Q2 FY 2027, though guidance points to a slight slowdown in the current quarter. The stock trades at 13 times next year's earnings, and the board recently authorized a record $150 billion in share repurchases. The author also acknowledges risks such as slower growth or contracting net margins.
- US Orders Civilian Agencies to Rip DeepSeek Out of Government Systems
The U.S. Department of Homeland Security on Monday ordered civilian federal agencies to remove DeepSeek products and third-party services built on the model from their IT systems, and to stop buying them. The notice warns that using DeepSeek may transfer sensitive data to China and could produce intelligence on U.S. persons and agencies. The Commerce Department, the Navy, and the states of New York, Tennessee and Virginia had already restricted DeepSeek. The FCC votes on October 29 on barring Chinese labs from testing electronics for U.S. use.
- Tesla-SpaceX merger is 'not so easy': Analyst
Speculation about a possible merger between SpaceX (SPCX) and Tesla (TSLA) has grown on Wall Street in recent weeks. RBC Capital Markets analyst Tom Narayan says it would not be simple: SpaceX would have to acquire Tesla, likely in an all-stock deal, and would need to pay a strong premium. He sets a $480 price target for Tesla, while the shares trade near $367. The longer-term focus may be Terafab, Elon Musk's chip initiative aimed at cutting production costs by up to 90% and bypassing Nvidia and TSMC. Musk currently controls 85% of SpaceX's voting rights and 20% of Tesla's.
- Is Nvidia (NVDA) Stock Priced Right?
Chip stocks fell sharply last week, and Nvidia (NVDA) dropped nearly 2% as investors worried that heavily indebted AI companies would face higher borrowing costs after bond yields jumped for CoreWeave, a cloud company Nvidia backs. CoreWeave shares had fallen more than 15% the day before. Nvidia's own numbers show no sign of that stress: it sold $96.2 billion of chips and systems in the quarter ended July, up 106% from a year earlier, mostly from data center sales. Its net profit margin was 63.66% over the past 12 months, and management expects $108.0 billion in revenue next quarter, assuming no data center sales to China. The key risk is whether customers can keep paying for chips if interest rates stay high, and the planned partnerships to bring over $500 billion of outside capital into AI infrastructure have not yet become definitive agreements.
- Networking Stocks Rally as Tech Rebound Lifts AI Gear Makers: Ciena and Arista Climb 4%, but Cisco Barely Moves
Networking stocks rallied with the tech rebound as suppliers of AI data center gear drew buying: Ciena (CIEN) rose 4% to $347.48 and Arista Networks (ANET) climbed 4% to $183.32, well ahead of the iShares U.S. Technology ETF (IYW) at 1.29% and the Invesco QQQ Trust (QQQ) at 1.31%, while Cisco (CSCO) was practically unchanged at $107.06. Ciena's fiscal Q3 2026 adjusted EPS was $2.11 against a $1.73 consensus, with revenue up 37% year over year to $1.67 billion, and it raised fiscal 2026 revenue guidance to $6.42 billion. Its backlog reached $8.5 billion, but supply remains the limit, and management does not expect the market to return to balance before 2028. Two customers made up 41.7% of Q3 revenue, so Ciena's growth is concentrated. The next test is whether Ciena can hit its fiscal Q4 2026 revenue guidance of $1.75 billion under tight component supply.
- Gartner Predicts “80% of Neoclouds” Out of Business by 2030: Here’s Who Wins
Gartner forecast on October 14 that more than 80% of neoclouds will stop operating independently by 2030, and CoreWeave (CRWV) fell 25% last week. The article argues that hyperscalers funding AI capacity from their own cash flow, led by Amazon and Alphabet, are likely winners as credit tightens for indebted neoclouds. Amazon generated $140 billion of operating cash flow in fiscal 2025, more than covering $132 billion of capex, while CoreWeave's total debt reached $29.8 billion. Since their July 29 closing low, Microsoft, Alphabet and Amazon are up 15.6%, compared with 1.6% for IREN, CoreWeave and Nebius. Hyperscaler earnings in the coming weeks will need to show whether sold-out capacity is turning into results.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.