Gold exploration is not new—but using AI and Machine Learning to help explore gold mines is. This company is transforming the mineral discovery process and just reported record earnings.
GoldSpot Discoveries Corp. (TSX-Venture: SPOT) is transforming the mining exploration process leveraging machine learning and artificial intelligence. The company recently reported earnings that showed continuing momentum and record second quarter results. Helped by the dedication of over forty geoscience and data scientists, GoldSpot continues to execute a national expansion model, through Smart Targets, and advanced geological modeling that saves time, reduces costs, and provides accurate results.
GoldSpot has recently made several agreements and acquisitions. In early August the firm closed the acquisition of Ridgeline Exploration Solutions, which will help the firm build a full-service footprint. Then, in mid-August the firm announced it had entered into a definitive agreement to acquire CEO.CA Technologies, an investment social network for corporate executives, as well as announcing it would acquire Geotic, which provides mining industry software.
Shares were trading at $1.22, up 7%, near its all-time high, in mid-morning trade.
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