Mali Court Rejects Appeal to Release Four Barrick Staff
Its refusal comes as Mali's ruling junta placed Barrick's Loulo-Gounkoto complex under state control for six months. The junta earlier this month seized about a ton of gold from the biggest gold mine in Africa potentially for sale by the provisional administration to finance operations at the mine.
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Yahoo
20 minutes ago
- Yahoo
MARA's Power Efficiency and Global Expansion Keep It Ahead Of Peers: Analyst
MARA Holdings, Inc. (NASDAQ:MARA) shares are trading higher on Wednesday. The crypto-firm reported Tuesday second-quarter revenue of $238.5 million, beating analyst estimates of $218.45 million. The Bitcoin mining company reported second-quarter earnings of $1.84 per share, beating analyst estimates of 69 cents per Reaction To Earnings H.C. Wainwright: Analyst Kevin Dede reiterated the Buy rating, with a price forecast of $28. According to Dede, Bitcoin's lower pricing on March 31 versus December 31 resulted in a non-cash fair value adjustment of roughly $510 million, which severely impacted MARA's earnings per share. Dede emphasizes that, philosophically, MARA has not altered its core strategy. The analyst notes that recent commentary reaffirms the company's continued focus on power conversion technology—whether through bitcoin mining or heat generation—with a consistent push to drive energy costs toward zero. This is a theme the analyst has reiterated many times in prior coverage. The analyst notes that revisiting this strategy is useful for contrasting MARA's approach with that of peers who are slowly or rapidly shifting their mining focus toward high-performance computing (HPC). Dede also highlights progress on MARA's two-phase immersion cooling (2PIC) initiative, which is now in a 30MW pilot phase aimed at refining the design. The analyst notes that a cold-plate variant of the system is under development. While this version is still based on two-phase cooling, it follows the cold-plate format, which Dede sees as aligning with what's emerging as the industry standard for HPC systems. The analyst adds that MARA's shift in this direction may involve collaborations with large compute OEMs, potentially including firms like Dell Technologies Inc. (NYSE:DELL) or NVIDIA Corporation (NASDAQ:NVDA). Dede indicates that the FY25 sales estimate for MARA has been revised downward to $822.5 million, a reduction from the earlier projection of $895.9 million. Rosenblatt: Analyst Chris Brendler reiterated the Buy rating with a price forecast of $20. Brendler notes that while some of the recent upside from bitcoin was partially offset by increased hash costs, mining expenses are expected to improve in the second half of FY25. The analyst points to the addition of new low-cost sites and better fleet efficiency as key drivers behind this anticipated cost reduction. Brendler adds that the company's ongoing focus on global expansion is likely to contribute to further margin gains. In his view, these efforts place MARA in a strong position to maintain its leadership in the sector, particularly as several competitors begin shifting their attention toward high-performance computing (HPC). Price Action: MARA shares are trading higher by 1.81% to $16.94 at last check Wednesday. Photo via Shutterstock Latest Ratings for MARA Date Firm Action From To Mar 2022 Compass Point Maintains Buy Jan 2022 Jefferies Initiates Coverage On Buy Jan 2022 BTIG Initiates Coverage On Buy View More Analyst Ratings for MARA View the Latest Analyst Ratings UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? MARA HOLDINGS (MARA): Free Stock Analysis Report This article MARA's Power Efficiency and Global Expansion Keep It Ahead Of Peers: Analyst originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Melden Sie sich an, um Ihr Portfolio aufzurufen.
New York Times
an hour ago
- New York Times
A Surprise Attack Pits Ally Against Ally in East Africa
Backed by tanks and artillery, soldiers from Uganda sneaked across the border with South Sudan and opened fire on troops long considered to be allies, South Sudanese officials said on Wednesday. When the firefight was over, the bodies of eight men, some in army fatigues, one in bluejeans, were left crumpled and bleeding on the ground. It was not immediately clear what prompted the surprise attack in the border county of Kajo Keji in South Sudan, a country teetering on the edge of civil war. Uganda has long provided military support to the South Sudanese government. The violence claimed the lives of at least eight soldiers, five from South Sudan and three from Uganda, according to South Sudanese officials and a clergyman. 'Children went unattended as they got separated from their parents, the elderly remained scattered as they began to get out of the bushes to look for their unaccompanied kids, and the sick and injured had no medicine to be given,' said Joseph Aba Nicanor, the bishop of the Episcopal Diocese of Liwolo, who mediated the collection of remains. More than 100 people were displaced by the fighting, Bishop Nicanor said. The firefight, which erupted on Monday, represented a rare clash between the longtime security partners at a time when the hard-won stability of oil-rich South Sudan is increasingly at risk. In March, after years of slow progress toward cohesion, the South Sudanese vice president was placed under house arrest in a political standoff. The same month a Ugandan official said the country had deployed troops to South Sudan's capital, Juba, in support of the South Sudanese president. Compounding the country's woes, in April the Trump administration revoked visas for all South Sudanese passport holders, increasing desperation in a country where millions of people are facing hunger, displacement and disease as violence intensifies and the United States slashes aid. The fighting on Monday afternoon plunged the border community into chaos. Bishop Nicanor shared photos of villagers who had fled with their belongings on their backs and said that two lost children had sought refuge in his home. Other photos showed the dead. The skirmish highlighted the growing concerns over Uganda's influence in South Sudan. 'South Sudanese have expressed fears over alleged encroachment on border areas and exploitation of natural resources,' said Daniel Akech Thiong, a senior South Sudan analyst for the International Crisis Group. 'These clashes show that the presence of Ugandan forces in South Sudan indicates a risk of conflict,' he said. A spokesman for South Sudan's Army confirmed that the two forces had traded gunfire. 'The exchanges resulted in both sides taking casualties,' Gen. Lul Ruai Koang said in a statement on Tuesday. He said the two countries had agreed to form a joint investigative committee. Ugandan officials did not immediately respond to a request for comment. Maura Ajak and Abdi Latif Dahir contributed reporting.
Fox News
an hour ago
- Fox News
Three suspects in brutal Cincinnati beatdown appear for bond hearings
Three suspects arrested in connection to a brutal beatdown in Cincinnati over the weekend appeared in court on July 30, 2025, for bond hearings. (Credit: WXIX)
