Warren Buffett’s Snowflake, Barrick Gold bets signal new strategy

  • Warren Buffett’s Berkshire Hathaway has made surprise bets on Barrick Gold and Snowflake in recent months, clashing with the investor’s past warnings about gold, tech stocks, and IPOs.
  • Berkshire’s bosses may be pursuing smaller, more frequent investments and cashing in on corporate actions, Brian Gongol, a longtime Berkshire shareholder, told Business Insider.
  • “I wouldn’t be surprised if Buffett, Weschler, Combs, and Ajit Jain all got on the phone and had a talk where they decided to ‘think small’ with some fraction of the company’s cash pile,” Gongol said.
  • Buffett and his team also signaled Berkshire was “the best big investment they could find” when they spent $5.1 billion buying back stock in May and June, Gongol said.
  • Visit Business Insider’s homepage for more stories.

Warren Buffett’s Berkshire Hathaway stunned investors when it revealed a $560 million stake in Barrick Gold in August, and shocked them again with its $735 million

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Discovery of diamonds in small rock sample hints at possibility of new deposits in area similar to world’s richest gold mine in South Africa — ScienceDaily

The presence of diamonds in an outcrop atop an unrealized gold deposit in Canada’s Far North mirrors the association found above the world’s richest gold mine, according to University of Alberta research that fills in blanks about the thermal conditions of Earth’s crust three billion years ago.

“The diamonds we have found so far are small and not economic, but they occur in ancient sediments that are an exact analog of the world’s biggest gold deposit — the Witwatersrand Goldfields of South Africa, which has produced more than 40 per cent of the gold ever mined on Earth,” said Graham Pearson, researcher in the Faculty of Science and Canada Excellence Research Chair Laureate in Arctic Resources.

“Diamonds and gold are very strange bedfellows. They hardly ever appear in the same rock, so this new find may help to sweeten the attractiveness of the original gold discovery if we can find

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In New Zealand, microbes are extracting gold from electronic waste

Cell phones, tablets, laptops, smartwatches: the modern world is packed with a dizzying array of gadgets that bring us connectivity, entertainment and information. Our hunger for the latest models – and the cachet that buying them brings – is such that these pieces of kit have, for some, become readily disposable.

This “throwaway” culture often means consumers are guilty of getting rid of old devices as soon as new ones come to the market, a habit that can have a significant effect on waste streams and the environment.

A recent report found that 53.6 million metric tons of e-waste was produced in 2019, with just 17.4% of this amount “officially documented as properly collected and recycled.”

The Global E-waste Statistics Partnership published the “Global E-waste Monitor 2020” report in July and described e-waste as containing harmful substances including mercury, hydrochlorofluorocarbons, chlorofluorocarbons and brominated flame retardants.

It also painted a stark

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Q-Gold Submits Exploration Permit for High-Grade Foley Gold Mine Complex, Ontario

Figure 1

Overview of Foley Gold Mine Vein System
Overview of Foley Gold Mine Vein System
Overview of Foley Gold Mine Vein System

Figure 2

Assorted Mine Centre Gold Vein Systems
Assorted Mine Centre Gold Vein Systems
Assorted Mine Centre Gold Vein Systems

TORONTO, Sept. 30, 2020 (GLOBE NEWSWIRE) — Q-Gold Resources Ltd (TSXV: QGR) (“Q-Gold” or the “Company”) is pleased to announce it has submitted an exploration permit for its previously announced 2020-2021 exploration program at its wholly-owned Foley Gold Mine complex, near the town of Mine Centre, Ontario.

The permit will allow Q-Gold to drill targets at the past-producing Foley Gold Mine; a high-grade gold-vein system with over 5,900 m of NI 43-101 compliant drilling with results of up to 53.47 g/t Au over 1.5 m and 106.7 g/t Au over 0.23 m. Previous records indicate that 10,500 tons of ore at 14 g/t was mined from stopes at the 100’ level with 5,267 oz of gold

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Gold miners discover 100 million-year-old meteorite crater Down Under

Gold miners in the Australian Outback recently discovered a gigantic meteorite crater dating to about 100 million years ago, back when dinosaurs roamed the Earth.

Found near the Western Australian town of Ora Banda, the newly dubbed Ora Banda Impact Crater is about 3 miles (5 kilometers) across. This huge hole was likely created by a meteorite up to 660 feet (200 meters) wide, or longer than the length of two American football fields, according to Resourc.ly, a Western Australia news outlet.

When geologists at Evolution Mining, an Australian gold mining company, came across some unusual rock cores at Ora Banda, they called Jayson Meyers, the principal geophysicist, director and founder of Resource Potentials, a geophysics consulting and contracting company in Perth. Meyers examined the geologists’ drill core samples, as well as rock samples from the site, and he immediately noticed the shatter cones — telltale signs of a

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