South African Planning Agency Targeted by SharePoint Hackers
The department confirmed the attack and said it had implemented countermeasures to isolate the affected system. Those measures included software patches from Microsoft, the agency said in response to Bloomberg queries.
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Yahoo
41 minutes ago
- Yahoo
Ivanhoe Mines Ltd (IVPAF) Q2 2025 Earnings Call Highlights: Navigating Seismic Challenges and ...
Net Cash Flow: $169 million positive net cash flow for Q2 2025. Copper Sales: 102,000 tonnes of copper sold in Q2, down 8% from Q1. Revenue: $175 million in Q2 2025 at a realized copper price of $4.34 per pound. EBITDA: $325 million for Q2 2025. Cash Costs: $1.89 per pound of payable copper for Q2 2025. Impairment: $59 million impairment recorded in Q2 2025. Adjusted EBITDA: $123 million for Q2 2025. Profit: $35 million in Q2 2025. Cash and Cash Equivalents: $672 million on hand at the end of June 2025. Production Guidance: Revised 2025 production guidance of 370,000 to 420,000 tonnes of copper in concentrate. Warning! GuruFocus has detected 5 Warning Signs with IVPAF. Release Date: July 31, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Ivanhoe Mines Ltd (IVPAF) reported a positive net cash flow of about $169 million for the second quarter. The company successfully managed to operate its two concentrators at 80% to 85% capacity despite operational challenges. Ivanhoe Mines Ltd (IVPAF) is on track to start a smelter in September, which is expected to significantly reduce logistics costs. The Kipushi project engineering team has not recorded a single lost time injury since the construction of the Kipushi concentrator. Ivanhoe Mines Ltd (IVPAF) has a strong liquidity position with $672 million in cash and cash equivalents at the end of June. Negative Points The company experienced a significant seismic event in May, impacting mining and processing operations at Kakula. Kamoa-Kakula's cash costs increased to $1.89 per pound of payable copper due to lower ore grades and abnormal costs from the seismic activity. Ivanhoe Mines Ltd (IVPAF) recorded an impairment of $59 million in the second quarter due to assets impacted by the seismic activity. The company revised its 2025 cash cost guidance range upwards to between $1.90 and $2.20 per pound of payable copper. There is uncertainty regarding the full impact of the seismic event on future production and costs until the mine is fully dewatered and assessed. Q & A Highlights Q: Can you provide an update on the timeline for guidance at Kamoa-Kakula and what you expect to communicate in September and Q1? A: We plan to guide the market on 2026 and 2027 in September. By the end of Q1, we will have a full life of mine plan with a 43-101 report by March next year. The September guidance will include conservative assumptions, and we will isolate sections that are not yet accessible to provide certain sensitivities. Q: How will the seismic issue impact mining methods, productivity, and costs going forward? A: We are optimistic about production volume, but it's too early to determine the impact on costs. We need to schedule crews and phases before making assumptions about costs. We will provide more information once the work is completed. Q: There seems to be a large adjustment in the C1 cost relative to revenue and EBITDA. Are these costs related to the incident, and will they continue in Q3 and Q4? A: The abnormal costs related to the incident have been added back for C1 calculations. We don't expect these additional costs to recur in Q3 and Q4, except for some dewatering costs, estimated at around $10 million for the remainder of the year. Q: Regarding the updated long-term mine plans, is the additional ramp for accessing Kakula West or adjusting tonnages? A: The additional ramp is mainly for logistics. We are also considering other solutions like raised boring in the central block of the west. Q: As dewatering starts on the east of Kakula, will it open up portions for mining, or is it all on hold until fully dewatered? A: The dewatering process will be quick once the big pumps are running. We aim to be fully dewatered by December, allowing for a complete geotechnical assessment before reentering the east. Some mining might occur during this timeframe, but a full assessment will be done first. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Tom's Guide
42 minutes ago
- Tom's Guide
I interviewed ChatGPT, Gemini and Claude for a real job — one AI blew me away
Microsoft's recent report covering which roles are more likely to be replaced by AI and which ones are safe shows that AI assistants are becoming smarter by the ChatGPT Agent booking reservations to Claude writing Anthropic's blogs and Google Search making calls on behalf of users, AI is advancing in ways most of us never thought possible, especially so of this, I couldn't help but wonder which chatbot would stand out as the better 'candidate' when put through a simulated job interview. So, I found a job description for a Communications Manager on LinkedIn and put ChatGPT, Gemini and Claude through a series of questions based on the role. Here's what happened when I "interviewed" the chatbots with 5 tough questions. Prompt: 'Here's a product: a new pastel travel pouch launching for spring. Write a product description in clever and conversational voice for the website and a matching caption for Instagram.'ChatGPT-4o offered a solid but safe answer. It was concise, brand-aware and platform-appropriate but lacked the depth of Gemini and the standout wit of 2.5 Pro produced practical, complete and sales-ready Sonnet 4 prioritized the brand voice and creativity, however the critical lack of product details on the website holds it back from being the best complete Gemini. It delivered a sales-focused website description with all necessary details, benefits and a conversational tone. It balanced information and personality effectively across both platforms. Prompt: 'We're launching a collaboration with a popular children's brand. Walk me through your messaging strategy for this campaign — from high-level storytelling down to tactical copy touchpoints.' ChatGPT offered surface-level creativity lacking strategic was strong in creative execution and nostalgia-driven storytelling but less delivered an agency-grade strategy that transformed the collaboration into a solution for family pain points. Winner: Claude for strategic depth, audience focus and operational rigor. Prompt: 'How would you adapt messaging for the same campaign across email, TikTok, and store signage?'ChatGPT responded with a concise but simple and generic message that lacked offered nostalgia-driven storytelling but also lacked tactical treated channels as distinct conversion ecosystems and prioritized the audience Claude for strategic depth, audience-specific psychology, conversion-focused CTAs and seamless channel adaptation. Prompt: 'We want to refresh our brand voice slightly — still fun and elevated, but more editorial and confident. How would you approach updating the brand voice guide?' ChatGPT delivered the simplest plan but lacked implementation strategy and metrics. Gemini redefined pillars but was overly prescriptive and lacked flexibility for brand nuance. Claude focused heavily on confidence and authority but offered less emphasis on preserving "fun" Claude (sorta). It offered a data-driven rebrand needing authority shift and team alignment. But none of the chatbots addressed customer validation — a real brand would need that missing piece. Prompt: 'Imagine we've just had a shipping delay right before a major product drop. What would you write to customers on email and Instagram to communicate the delay while keeping the tone upbeat and on-brand?' ChatGPT offered more fluff than crisis support. Although the email subject line was fun, the chatbot prioritized style over substance and ignored operational credibility. Gemini was polished and on-brand but missed emotional turned a negative into a brand-building moment with strategic framing, multi-channel depth and flawless Claude wins for it's PR-worthy response. In a competitive simulation testing strategic thinking, brand agility and crisis leadership, Claude distinguished itself as the most qualified "candidate" for the Communications Manager role. While all chatbots demonstrated strengths, Claude consistently operated at a strategic leadership level. While Gemini and ChatGPT excel at specific tasks (product copy, social hooks), Claude proves AI can lead with judgment, not just generate content, which made the chatbot standout choice for a Communications Manager role where strategy and empathy decide success.
Business Insider
an hour ago
- Business Insider
Storms Ahead for MSFT and AMZN as U.K. Regulator Cracks Down on Cloud Dominance
U.S. tech giants Microsoft (MSFT) and Amazon (AMZN) have been blasted by U.K. regulators for dominating the cloud services market. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. The Competition and Markets Authority (CMA) declared today that both companies held 'significant unilateral market power' in the sector. Locked-In As a result, the CMA is worried that this is creating a 'lock-in' effect where businesses are trapped into unfavorable contractual agreements. In short, they are unable, due to technical and commercial barriers, to switch cloud provider and find better offers or more innovative new services. The CMA said it will investigate whether to designate the two with strategic market status (SMS) in cloud services, which would give it new powers to intervene. Microsoft was singled out in the report for licensing practices that the panel said adversely impacted Amazon Web Services and Alphabet-owned Google (GOOGL). The inquiry group said in January that Microsoft was using its dominance in enterprise software, such as Windows Server and Microsoft 365, to limit competition by charging licensing fees when its services were used on rival platforms. As can be seen below, cloud revenue is a key part of Microsoft's overall business. Microsoft and AWS has a 30 to 40% share of the IaaS (Infrastructure as a Service) market. Google is the third main cloud services provider, but it has a much smaller share. However, both Microsoft and Amazon came out fighting. Fighting Talk Microsoft said the report 'misses the mark again, ignoring that the cloud market has never been so dynamic and competitive, with record investment, and rapid, AI-driven changes.' 'Its recommendations fail to cover Google, one of the fastest-growing cloud market participants,' it said. Amazon said: 'The action proposed by the Inquiry Group is unwarranted and undermines the substantial investment and innovation that have already benefited hundreds of thousands of UK businesses. It risks making the UK a global outlier at a time when businesses need regulatory predictability for the UK to maintain international competitiveness.' But Google said the conclusive finding that restrictive licensing harmed cloud customers and competition was a 'watershed moment'. Earlier this month, the CMA said it planned to designate Alphabet's Google and Apple (AAPL) with strategic market status for their dominant role in mobile ecosystems. This is another example of enhanced regulatory crackdown on U.S. tech in the U.K. and Europe. However, it has done little to stop the growth in either Microsoft or Amazon's share price.
