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Dana Samuelson: Gold, Silver in Global Bank Run, Prices on Hair Trigger

Investing 1 Min Read

Dana Samuelson, president of American Gold Exchange, discusses this year’s unusual market dynamics for gold and silver, saying there have been three big moves of physical metal.

‘To me, this is literally a run on the bank of gold globally — it’s global, it’s widespread and it’s deep, and I don’t see it changing anytime soon,’ he explained.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

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Mike Maloney: Gold, Silver Bull Run in Final Phase, I Expect “Spectacular” Prices

Investing 1 Min Read

Mike Maloney, founder of GoldSilver.com, explains why this time really is different for gold and silver, pointing to factors including growing mainstream adoption.

‘This to me signals the beginning of the third and final phase of the bull market — and that is where you have the greatest amount of gains in the shortest period of time,’ he said.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

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Editor’s Picks: Gold and Silver Prices Rise as Government Shutdown Ends, Then Pull Back

Investing 5 Mins Read

The gold price was back in action this week, breaking above the US$4,200 per ounce level after spending about two weeks trading at lower price points.

Silver was on the rise again as well, pushing briefly past US$54 per ounce.

Both precious metals saw their biggest gains midway through the week as the US government shutdown came to an end. At 43 days, it was the longest in history, and finished on Wednesday (November 12) as eight Democrats broke ranks to vote in line with Republicans on a funding package.

US economic data has been scarce during the shutdown, and government agencies are now beginning to play catch up as workers return to their posts. While some reports are scheduled to come out next week, others could take weeks or may never be released at all.

‘Based on past shutdowns, we anticipate data originally scheduled for release in the first half of October — primarily data covering September — will be released fairly quickly. However, the timetable will vary depending on the normal data collection process for each indicator’ — Nancy Vanden Houten, Oxford Economics

From a gold perspective, all eyes are on numbers that may impact the US Federal Reserve’s interest rate decision next month. While the Fed has now made two cuts in 2025, Chair Jerome Powell emphasized after the central bank’s last meeting that a December reduction is not guaranteed.

More recent commentary from other Fed officials points to continued dissent, and CME Group’s (NASDAQ:CME) FedWatch tool currently shows an almost even split between a cut or a pause.

That uncertainty weighed on gold and silver prices as the week drew to a close. Gold was at the US$4,080 level as of Friday (November 14) afternoon, while silver was around US$50.60.

Bullet briefing — New Orleans takeaways

For our bullet briefing this week, I want to share a few highlights from the New Orleans Investment Conference, which our team attended from November 2 to 5.

At the time, the gold price was around US$4,000 and the silver price was in the US$48 dollar range, and my main takeaway from the experts I heard from was that the pullback would be temporary.

Given this week’s price activity, it looks like that idea is already being proven right. That said, it’s worth noting that most of the people I heard from weren’t expecting such a quick turnaround — in general, the consensus was that prices could remain at lower levels for weeks or months, with some saying gold could fall as low as US$3,600.

Does that mean a deeper correction is coming? Time will tell…

On that note, another topic that came up at the event frequently was taking profits. Quite a few people discussed how they did some trimming in October, when gold and silver prices were really running, and then put the money to work in other parts of the market.

For example, Rick Rule of Rule Investment Media talked about how he sold 25 percent of his junior gold stocks at that time. Here’s how he explained his decision:

‘We were in a period five weeks ago where there were no asks, there were all bids. And I’ve learned in the market to do what’s easy. If there’s no bids, be a bid. If there’s no asks, be an ask. And the sector was white hot. There were so many junior financings, and when a company’s financing, they’re telling you that your cash is worth more than their stock. Well, they should know what their stock is worth. Since they were selling, I decided I would sell some too.

‘But what was most important to me was personal. I’ve been a heavy investor in the sector since 2020, and I was at a period of time where I could, by selling a quarter of my position, recoup all of my capital and pay the capital gains tax and have the rest for free. I can be very patient with that remaining 75 percent.’

He redeployed the cash he got from selling gold juniors into physical gold, Agnico Eagle Mines (TSX:AEM,NYSE:AEM), Franco-Nevada (TSX:FNV,NYSE:FNV), Wheaton Precious Metals (TSX:WPM,NYSE:WPM) and oil and gas stocks.

Finally, while I’m always keen to understand what’s happening now, I also wanted to use this conference to start talking about what sectors will do well in 2026.

I asked almost all of my interviewees what they think next year’s top-performing asset will be, and I was surprised to get a fairly wide variety of responses.

Precious metals were definitely mentioned, with multiple people saying that while silver has made impressive moves this year, it hasn’t truly had a chance to shine.

But copper was also brought up numerous times, as was uranium. And I got a couple of outlier responses, including emerging markets, which Peter Schiff of Euro Pacific Asset Management discussed, and oil and gas, which Rule said would be his pick for top-performing asset in terms of risk to reward.

Rule also highlighted small-scale community banks in the US.

You can view the full New Orleans Investment Conference playlist here.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

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Gold’s Long Game: New Orleans Panelists See More Upside Ahead

Investing 8 Mins Read

During the Mining Share panel at the New Orleans Investment Conference, participants underscored that the gold bull market will continue — however, just where we are in that bull run was up for debate.

For conference host and Gold Newsletter editor Brien Lundin, there is still some way to go.

“The gold bull market is still in place. We don’t know how long it’s going to last. That’s the hard part. I think gold’s going to US$6,000 to US$8,000 (per ounce) in the cycle, maybe more. (The) mining share bull market, I would say we’re probably in the fourth inning, fifth inning, maybe. But you know, we could go to extra innings,” he said.

Strategic investor Jeff Phillips also believes the gold bull market is at an early stage.

‘I would say that we are in the third or fourth inning,” he said. “This is early on in the bull market, but I do think there’ll be a rain delay, since we’re talking about baseball terminology. I think this is an epic bull market that we’re in.”

Phillips went on to compare today’s setup to past cycles, noting the strong run gold saw between 2003 and 2007, before the financial crisis briefly derailed momentum. Although he anticipates another correction at some point, he remains confident in the broader bull market and said he is continuing to buy and stay patient.

For Jordan Roy-Byrne, understanding the difference between a secular and cyclical bull market is imperative.

“Secular — that’s the major long-term trend that usually lasts a decade or longer. Cyclically, it can be anywhere from two to five years or so,’ explained the editor and publisher of the Daily Gold.

“I think the cyclical bull has three or four more years left. The risk when that gets long in the tooth is then you have what happened at 1975 to 1976, and also 2008 — that’s when you have your 65 or 60 percent decline in the shares.”

Although Roy-Byrne believes that type of correction is “far off into the future,” he was adamant that something like that will happen before the current secular bull market comes to an end.

Jennifer Shaigec, principal at Sandpiper Trading, said central bank buying shows the bull market is in its infancy.

“I think we’re still actually in fairly early innings,” she said. “The underlying fundamentals for why central banks have been buying gold have not changed. In fact, I can see it accelerating.”

Shaigec went on to acknowledge that gold often experiences a seasonal dip at this time of year, and that some investors may be waiting for a pullback. But she emphasized that the broader fundamentals remain strong.

Drawing a parallel to 2008, when gold fell about 22 percent before rebounding above previous highs within six months, she urged investors to keep a long-term perspective and be mentally prepared for short-term volatility. Shaigec also pointed out that gold has historically been among the first assets to recover after market downturns.

Rounding out the panel, Nick Hodge, publisher at Digest Publishing, told attendees that the gold correction has found short-term support at the US$4000 level, but longer-term support is around US$3,600.

“All the fundamental drivers, ie. the debt, central bank buying, etc., are still in place and haven’t abated,” he said. “Silver hasn’t had its move yet, so that tells me we still have some time to go. And GDX, GDXJ just started outperforming the gold price in August, so it’s still early to the middle days in the precious metal bull market.”

What’s next for the gold price?

From there, panel moderator and well-known investor Rick Rule, proprietor at Rule Investment Media, emphasized that the recent pullback in gold is minor in the context of a much larger, long-running bull market.

Rule agreed with Roy-Byrne’s distinction between cyclical dips and broader secular trends, noting that many investors seem rattled by what is essentially a normal fluctuation.

He pointed out that gold is still up dramatically over the past year, and that past cycles have seen far sharper drops — including a 50 percent decline in 1975 — that ultimately didn’t break the long-term trend.

Noting that precious metals cycles tend to follow a familiar pattern, beginning with strength in gold and moving outward into other segments, Rule asked the panel participants which companies in the gold sector — explorers, developers or potential M&A targets — are now best positioned as the market progresses.

For Hodge, exploration and brownfields development are a strong choice as the precious metals cycle evolves.

He noted that the VanEck Gold Miners ETF (ARCA:GDX) outperformed gold over the summer, prompting some investors to take profits and rotate capital into earlier-stage opportunities — momentum he expects to continue.

Hodge added that market cycles now move faster due to the speed of information, accelerating the shift from producers to companies further down the value chain as miners look to replace reserves.

Additionally, he pointed to a growing influx of risk-tolerant investors who cut their teeth in crypto and are increasingly drawn to gold and mining equities as they learn about fiat currency and counterparty risk. Their appetite for speculation, he said, is likely to push more capital into smaller, higher-risk exploration names over the next year.

Shaigec echoed Hodge’s sentiment.

“I agree there’s a lot of speculative money that has yet to rotate over to precious metals,” she said.

“I’m seeing a lot of oversubscribed private placements. I just think that juniors are still the place to be. There’s some grassroots exploration, which actually hit an all-time low in 2023, and we’ve still had decades of lack of investment in exploration. We have a lot of room yet to run there,’ Shaigec added.

Roy-Byrne advised watching silver, underscoring the value that gold’s sister metal has yet to gain.

“Silver, after this correction, has a chance to make a historic move,” he told the audience. “We’re probably going to see a lot of money jump in next year when that happens.”

Referring to an analogy he once heard, Phillips compared a precious metals bull market to the crack of a whip: producers move first, followed by mid-tier and single-asset developers, with exploration companies snapping into action at the very end. In his view, the market is only just reaching that final stage, and explorers have yet to see real upside.

Phillips also echoed other panelists’ comments that younger crypto investors are becoming more aware of inflation, money printing and the value of hard assets.

That shift, he said, is already showing up in unconventional moves, from stablecoin companies buying gold royalties to major tech firms and even governments directing capital into mining-related assets.

All of that suggests the speculative end of the sector is only beginning to come alive, he said.

Expert stock picks — Gold, silver, copper, nickel and uranium

Toward the end of the discussion, Rule asked each panelist to provide stock picks for the attentive audience.

First was Lundin, who praised the list of more than 100 exhibitors at the 51st New Orleans Investment Conference.

He recommended Delta Resources (TSXV:DLTA,OTCQB:DTARF), highlighting its “large, still undefined, gold resource in the Thunder Bay region.” He also likes Getchell Gold (CSE:GTCH,OTCQB:GGLDF), a company focused on gold in Nevada, and Seabridge Gold (TSX:SEA,NYSE:SA), which he dubbed a “permanent optionality play.”

For Phillips, Empress Royalty’s (TSXV:EMPR,OTCQB:EMPYF) management team, cashflow-positive status and focus on gold and silver puts the company at the top of his list.

Almadex Minerals (TSXV:DEX,OTCQX:AAMMF), where management has a history of finding multimillion-ounce deposits, and prospect generator Headwater Gold (CSE:HWG,OTCQB:HWAUF), were also among his stock selections.

Shaigec veered away from precious metals in recommending SPC Nickel (TSXV:SPC,OTCQX:SPCNF), a company with good geology and a management team that owns 36 percent of the firm’s shares.

She also mentioned Pacifica Silver (CSE:PSIL,OTCQB:PAGFF) citing the company’s recent private placement, which included First Majestic Silver (TSX:AG,NYSE:AG). Her last stock pick and “absolute favorite” is Camino Minerals (TSXV:COR,OTCID:CAMZF), a Peru-focused copper company with good management.

Rounding out the list were Hodge’s selections, starting with Northshore Uranium (TSXV:NSU) due to its US deposit. He also chose Kincora Copper (TSXV:KCC,OTCQB:BZDLF), citing its small market cap, strong investor interest and robust portfolio, and Kingsmen Resources (TSXV:KNG,OTCQX:KNGRF), a company that has seen its share price grow from C$0.25 to C$0.75 in the last year.

Securities Disclosure: I, Georgia Williams, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

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Top 5 Canadian Mining Stocks This Week: Adex Mining Jumps 157 Percent on Tungsten Support

Investing 10 Mins Read

On Thursday (November 13), Canadian Prime Minister Mark Carney announced a second round of nation-building projects that will be referred to the Major Projects Office. The office was established earlier in the year to streamline the regulatory and funding processes for projects deemed to be in the national interest.

The first set of projects, announced on September 11, included support for the expansion of Newmont’s (NYSE:NEM,ASX:NEM) Red Chris mine in Northern British Columbia, LNG Canada’s phase 2 expansion of its facility in Kitimat, BC, and Foran Mining’s (TSX:FOM) McIlvenna Bay copper-zinc project in Saskatchewan.

According to the Prime Minister’s Office (PMO), the new set of projects represents more than C$56 billion in new investment and supports the creation of 68,000 new jobs.

Critical mineral projects on the list consist of:

        Outside of critical minerals projects, the announcement included support for the Ksi Lisims liquefied natural gas (LNG) project near Prince Rupert in Northwest BC. The Nisga’a First Nation is leading the project and, when complete, it will become Canada’s second-largest LNG facility after LNG Canada’s Kitimat facility. According to the PMO, the project is expected to generate almost C$30 billion in investment and create thousands of jobs.

        Additionally, support will be made available for the North Coast Transmission line, which will provide low-cost electricity and improved telecommunications to communities along BC’s north coast. Likewise, the Iqaluit Nukkiksautiit hydro energy project will receive support to provide hydroelectric energy to communities in Nunavut and reduce the reliance on diesel imports.

        For more on what’s moving markets this week, check out our top market news round-up.

        Markets and commodities react

        Canadian equity markets were mixed this week.

        The S&P/TSX Composite Index (INDEXTSI:OSPTX) rose 1.89 percent over the week to close Friday (November 14) at 30,326.46.

        Meanwhile, the S&P/TSX Venture Composite Index (INDEXTSI:JX) rebounded to gain 1.33 percent to 879.88. The CSE Composite Index (CSE:CSECOMP) had another bad week, plunging 9.01 percent to close at 150.19.

        The gold price rose significantly this week, climbing from its open of US$4,000 to US$4,243 by Thursday morning. However, it pulled back to end the week up 2.01 percent at US$4,080.64 per ounce by 4:00 p.m. EST Friday.

        The silver price performed even better. After opening at US$48.35, it tested all-time highs at US$54.31 Thursday before ultimately ending the week up 4.57 at US$50.56.

        Meanwhile, in base metals, the copper price gained 1.79 percent to US$5.11 per pound.

        The S&P Goldman Sachs Commodities Index (INDEXSP:SPGSCI) rose 1.28 percent to end Friday at 559.27.

        Top Canadian mining stocks this week

        How did mining stocks perform against this backdrop?

        Take a look at this week’s five best-performing Canadian mining stocks below.

        Stocks data for this article was retrieved at 4:00 p.m. EST on Friday using TradingView’s stock screener. Only companies trading on the TSX, TSXV and CSE with market caps greater than C$10 million are included. Mineral companies within the non-energy minerals, energy minerals, process industry and producer manufacturing sectors were considered.

        1. Adex Mining (TSXV:ADE)

        Weekly gain: 157.14 percent
        Market cap: C$40.63 million
        Share price: C$0.09

        Adex Mining is an exploration company that holds a 100 percent stake in the Mount Pleasant project in Southwest New Brunswick, Canada.

        The property contains two main deposits: the Fire Tower zone, which hosts tungsten and molybdenum mineralization, and the North zone, which hosts tin, zinc and indium.

        The asset consists of 102 mineral claims covering 1,600 hectares, as well as equipment and facilities from historic mining operations conducted by BHP (ASX:BHP,NYSE:BHP,LSE:BHP) between 1983 and 1985.

        According to its most recent investor presentation released on June 11, the property hosts the world’s largest indium reserve and North America’s largest tin deposit. Indicated resources for the North zone demonstrated contained metal values of 47 million kilograms of tin, and 789,000 kilograms of indium from 12.4 million metric tons with average grades of 0.38 percent tin and 64 parts per million indium.

        Additionally, the company engaged Moneta Securities in June to oversee selling the mine following a strategic review.

        Adex has not released news in the past week. However, its Fire Tower zone bears similarities to Northcliff’s Sisson tungsten-molybdenum project in New Brunswick, which the Canadian government referred to the Major Projects Office on Thursday.

        2. Trident Resources (TSXV:ROCK)

        Weekly gain: 118.82 percent
        Market cap: C$42.58 million
        Share price: C$1.86

        Trident Resources, formerly Eros Resources, is a gold and copper exploration company focused on projects in Saskatchewan, Canada.

        A three-way merger in early 2025 between Eros Resources, MAS Gold and Rockridge Resources allowed the companies to consolidate a portfolio of assets in Saskatchewan, including the Contact Lake and Greywacke gold projects in the La Ronge gold belt as well as the Knife Lake copper project.

        Its primary focus has been on its flagship Contact Lake gold project, a 21,440 hectare property located near La Ronge, Saskatchewan. The project hosts four primary deposits: Contact Lake, Preview SW, Preview North and North Lake.

        On Wednesday (November 12), the company released assay results from diamond drilling at Contact Lake, the first exploration conducted on the property in nearly 30 years. Highlights from the initial three holes included one hole with 7.03 grams per metric ton (g/t) gold over 43.25 meters, including an intersection of 30.06 g/t gold over 9.25 meters.

        The company noted that, while it was still in the early stages of exploration at the property, it was encouraged by results that bore similarities to early results of other significant high-grade discoveries in the region.

        3. Northcliff Resources (TSX:NCF)

        Weekly gain: 116.22 percent
        Market cap: C$279.18 million
        Share price: C$0.4

        Northcliff Resources is a development and exploration company advancing its Sisson tungsten-molybdenum project in New Brunswick, Canada.

        The 14,140 hectare property has seen extensive exploration dating back to the early 1980s.

        A 2013 mineral reserve estimate demonstrated total proven and probable quantities of 22.2 million metric tons of tungsten oxide and 154.8 million pounds of molybdenum from 334.36 million metric tons of ore with average grades of 0.07 percent tungsten oxide and 0.02 percent molybdenum.

        The project is currently in the development stage, and on Friday, it announced it was granted a five-year extension to the construction commencement timeline by New Brunswick’s Department of Environment and Climate Change. Construction is now anticipated to begin in December 2025.

        The project was also one of six that were included in the second-tranche of Canadian nation-building projects referred to the Major Projects Office on Thursday. The inclusion on the list will give Northcliff access to a streamlined regulatory process and open funding assistance to facilitate the development of Sisson.

        Commenting on the news, Northcliff Chairman, President and CEO Andrew Ing indicated the company is excited with its inclusion and that its goal is to contribute to building a resilient critical mineral supply chain.

        The release also outlined significant financial funding received since the start of the year, including US$15 million from the US Department of Defense and C$8.21 million from Natural Resources Canada.

        4. Canada Nickel (TSXV:CNC)

        Weekly gain: 61.54 percent
        Market cap: C$334.66 million
        Share price: C$1.68

        Canada Nickel is an exploration and development company advancing its flagship Crawford nickel sulphide project in Ontario, Canada.

        The property consists of 116 crown patents and 150 single- and multi-cell mining claims covering an area of approximately 9,600 hectares near Timmins and has seen exploration dating back to the 1960s.

        A feasibility study released in October 2023 demonstrated the project’s economics, with a post-tax net present value of US$2.48 billion and an internal rate of return of 17.1 percent.

        The included ore reserve estimate reported proven and probable reserves of contained metal values of 3.7 million metric tons of nickel, 9.7 million metric tons of chromium, 215,000 metric tons of copper, 777,000 ounces of palladium, and 519,000 ounces of platinum.

        The metal is contained in 1.72 billion metric tons of ore with average grades of 0.22 percent nickel, 0.57 percent chromium, 0.013 percent copper, 0.014 g/t palladium and 0.01 g/t platinum.

        Shares in Canada Nickel rose sharply this week after Crawford was included in the second round of projects referred to the Canadian government’s Major Project Office.

        In its release following the announcement, Canada Nickel’s CEO said that the company looks forward to working with the government and the MPO to secure financing and permits to begin construction at Crawford by the end of 2026.

        He also stated that the project represents a secure, domestic supply of critical minerals, including nickel and North America’s only source of chromium.

        5. Gold Terra Resources (TSXV:YGT)

        Weekly gain: 57.89 percent
        Market cap: C$51.71 million
        Share price: C$0.15

        Gold Terra is an exploration company advancing the Con Mine gold property in the Northwest Territories, Canada.

        The project was initially acquired as part of a 2021 agreement with Newmont that gave Gold Terra the option to earn a 100 percent interest in the asset for meeting certain exploration milestones and regulatory approvals, along with a C$8 million cash payment to Newmont.

        The agreement was then amended in September 2024, extending the timeline by 2 years to November 21, 2027.

        The property consists of 138 mining leases and 165 claims covering a total area of 79,046 hectares and hosts the historic Con Mine, which produced more than 6.1 million ounces of gold.

        A mineral resource estimate included in an October 2022 technical report demonstrated a total inferred resource of 1.21 million ounces of gold from 24.3 million metric tons with an average grade of 1.54 g/t gold.

        Shares in Gold Terra gained this week after the company announced a C$6.3 million non-brokered private placement that included a new strategic investment from Franco-Nevada (TSX:FNV,NYSE:FNV) Co-Founder David Harquail and existing shareholder Eric Sprott.

        The company said it will use proceeds for general corporate purposes and to fund a drilling program scheduled for January 2026 at the southern end of the Campbell Shear target at the Con Mine property. The program aims to expand the property’s indicated and inferred resources.

        FAQs for Canadian mining stocks

        What is the difference between the TSX and TSXV?

        The TSX, or Toronto Stock Exchange, is used by senior companies with larger market caps, and the TSXV, or TSX Venture Exchange, is used by smaller-cap companies. Companies listed on the TSXV can graduate to the senior exchange.

        How many mining companies are listed on the TSX and TSXV?

        As of May 2025, there were 1,565 companies listed on the TSXV, 910 of which were mining companies. Comparatively, the TSX was home to 1,899 companies, with 181 of those being mining companies.

        Together, the TSX and TSXV host around 40 percent of the world’s public mining companies.

        How much does it cost to list on the TSXV?

        There are a variety of different fees that companies must pay to list on the TSXV, and according to the exchange, they can vary based on the transaction’s nature and complexity. The listing fee alone will most likely cost between C$10,000 to C$70,000. Accounting and auditing fees could rack up between C$25,000 and C$100,000, while legal fees are expected to be over C$75,000 and an underwriters’ commission may hit up to 12 percent.

        The exchange lists a handful of other fees and expenses companies can expect, including but not limited to security commission and transfer agency fees, investor relations costs and director and officer liability insurance.

        These are all just for the initial listing, of course. There are ongoing expenses once companies are trading, such as sustaining fees and additional listing fees, plus the costs associated with filing regular reports.

        How do you trade on the TSXV?

        Investors can trade on the TSXV the way they would trade stocks on any exchange. This means they can use a stock broker or an individual investment account to buy and sell shares of TSXV-listed companies during the exchange’s trading hours.

        Article by Dean Belder; FAQs by Lauren Kelly.

        Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.

        Securities Disclosure: I, Lauren Kelly, hold no direct investment interest in any company mentioned in this article.

        This post appeared first on investingnews.com

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        Editor's pick

        More than 1,000 Starbucks workers strike at 65 stores on Red Cup Day

        Editor's pick 5 Mins Read

        More than 1,000 unionized Starbucks workers went on strike at 65 U.S. stores Thursday to protest a lack of progress in labor negotiations with the company.

        The strike was intended to disrupt Starbucks’ Red Cup Day, which is typically one of the company’s busiest days of the year. Since 2018, Starbucks has given out free, reusable cups on that day to customers who buy a holiday drink. Starbucks Workers United, the union organizing baristas, said Thursday morning that the strike had already closed some stores and was expected to force more to close later in the day.

        Starbucks Workers United said stores in 45 cities would be impacted, including New York, Philadelphia, Minneapolis, San Diego, St. Louis, Dallas, Columbus, Ohio, and Starbucks’ home city of Seattle. There is no date set for the strike to end, and more stores are prepared to join if Starbucks doesn’t reach a contract agreement with the union, organizers said.

        Starbucks emphasized that the vast majority of its U.S. stores would be open and operating as usual Thursday. The coffee giant has 10,000 company-owned stores in the U.S., as well as 7,000 licensed locations in places like grocery stores and airports.

        As of noon Thursday on the East Coast, Starbucks said it was on track to meet or exceed its sales expectations for the day at its company-owned stores.

        “The day is off to an incredible start,” the company said in a statement.

        Around 550 company-owned U.S. Starbucks stores are unionized. More have voted to unionize, but Starbucks closed 59 unionized stores in September as part of a larger reorganization campaign.

        Here’s what’s behind the strike.

        Striking workers say they’re protesting because Starbucks has yet to reach a contract agreement with the union. Starbucks workers first voted to unionize at a store in Buffalo in 2021. In December 2023, Starbucks vowed to finalize an agreement by the end of 2024. But in August of last year, the company ousted Laxman Narasimhan, the CEO who made that promise. The union said progress has stalled under Brian Niccol, the company’s current chairman and CEO. The two sides haven’t been at the bargaining table since April.

        Workers say they’re seeking better hours and improved staffing in stores, where they say long customer wait times are routine. They also want higher pay, pointing out that executives like Niccol are making millions and the company spent $81 million in June on a conference in Las Vegas for 14,000 store managers and regional leaders.

        Dochi Spoltore, a barista from Pittsburgh, said in a union conference call Thursday that it’s hard for workers to be assigned more than 19 hours per week, which leaves them short of the 20 hours they would need to be eligible for Starbucks’ benefits. Spoltore said she makes $16 per hour.

        “I want Starbucks to succeed. My livelihood depends on it,” Spoltore said. “We’re proud of our work, but we’re tired of being treated like we’re disposable.”

        The union also wants the company to resolve hundreds of unfair labor practice charges filed by workers, who say the company has fired baristas in retaliation for unionizing and has failed to bargain over changes in policy that workers must enforce, like its decision earlier this year to limit restroom use to paying customers.

        Starbucks says it offers the best wage and benefit package in retail, worth an average of $30 per hour. Among the company’s benefits are up to 18 weeks of paid family leave and 100% tuition coverage for a four-year college degree. In a letter to employees last week, Starbucks’ Chief Partner Officer Sara Kelly said the union walked away from the bargaining table in the spring.

        Kelly said some of the union’s proposals would significantly alter Starbucks’ operations, such as giving workers the ability to shut down mobile ordering if a store has more than five orders in the queue.

        Kelly said Starbucks remained ready to talk and “believes we can move quickly to a reasonable deal.” Kelly also said surveys showed that most employees like working for the company, and its barista turnover rates are half the industry average.

        Unionized workers have gone on strike at Starbucks before. In 2022 and 2023, workers walked off the job on Red Cup Day. Last year, a five-day strike ahead of Christmas closed 59 U.S. stores. Each time, Starbucks said the disruption to its operations was minimal. Starbucks Workers United said the new strike is open-ended and could spread to many more unionized locations.

        The number of non-union Starbucks locations dwarfs the number of unionized ones. But Todd Vachon, a union expert at the Rutgers School of Management and Labor Relations, said any strike could be highly visible and educate the public on baristas’ concerns.

        Unlike manufacturers, Vachon said, retail industries depend on the connection between their employees and their customers. That makes shaming a potentially powerful weapon in the union’s arsenal, he said.

        Starbucks’ same-store sales, or sales at locations open at least a year, rose 1% in the July-September period. It was the first time in nearly two years that the company had posted an increase. In his first year at the company, Niccol set new hospitality standards, redesigned stores to be cozier and more welcoming, and adjusted staffing levels to better handle peak hours.

        Starbucks also is trying to prioritize in-store orders over mobile ones. Last week, the company’s holiday drink rollout in the U.S. was so successful that it almost immediately sold out of its glass Bearista cup. Starbucks said demand for the cup exceeded its expectations, but it wouldn’t say if the Bearista will return before the holidays are ove

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        Copper Quest to Acquire Past-Producing Alpine Gold Mine

        Investing 12 Mins Read

        Copper Quest Exploration Inc. (CSE: CQX; OTCQB: IMIMF; FRA: 3MX) (‘ Copper Quest ‘ or the ‘ Company ‘) is pleased to announce that it has entered into an arms-length Option to Purchase Agreement (the ‘ Agreement ‘) dated November 7th, 2025 with 0847114 B.C. Ltd. (‘ Privco ‘), a British Columbia Incorporated company that holds 100% ownership, title, and interest in the Alpine Gold Property (the ‘ Property ‘), located in the West Kootenay region of British Columbia (the ‘ Acquisition ‘).

        Highlights of the Alpine Gold Property

        • 2018 NI43-101 Inferred Resource of 268,000 tonnes estimated using a cut-off grade of 5.0 g/t Au and an average grade of 16.52 g/t Au that represents an inferred resource of 142,000 oz of gold (McCuaig & Giroux, 2018).
        • Substantial opportunity to grow the maiden Alpine resource to the east-west and to depth with only about 300m of the roughly 2km long vein system explored to date by underground mine workings and drilling.
        • Estimated 24,000 tonnes Run of Mine mineralized stockpile on surface presenting a possible near term cash flow opportunity.
        • 1,650 meters of clean and dry underground workings accessing sampled and mineable zones.
        • At least 4 additional relatively unexplored vein systems on the Property (Black Prince, Cold Blow, Gold Crown & past-producing King Solomon), all hosting historic high-grade gold values.
        • Road accessible 4,611.49-hectare Property including 15 Crown Grants (1 with surface rights) and 19 staked mineral claims with all-season operation potential (Figure 1).
        • Additions of Mr. Allan Matovich to the Board of Directors. Mr. Ted Muraro and Mr. John Mirko as Technical Advisors on closing. They have a combined mining and exploration experience of 150+ years in the industry.

        The 4,611.49-hectare Property is approximately 20 kilometers northeast of the City of Nelson (Figure 1) and hosts the former operating underground mine with a recorded production of approximately 16,810 tonnes of mineralized vein material (Table 1). This material contained 356,360 grams of gold, 222,054 grams of silver, 49,329 kilograms of lead and 17,167 kilograms of zinc. The other 4 significant vein systems on the property will also be explored including the Black Prince and Cold Blow quartz veins approximately 3km to the northeast of the Alpine mine, the Gold Crown vein system 600m southeast, and the past-producing King Solomon vein workings 1.8km to the south. Further information about the Alpine Gold property will be forthcoming in the upcoming weeks.

        Brian Thurston, President & CEO of Copper Quest, commented : ‘ With Gold prices at all-time highs, The Alpine Gold property creates a tremendous opportunity to create near term value. I look forward to closing the transaction and welcoming Mr. Matovich, Mr. Muraro and Mr. Mirko to the team.’

        Figure 1: Location Claim Map

        Appointment of Mr. Allan Matovich as Director

        Copper Quest is also pleased to announce that upon closing of the acquisition, Mr. Allan Matovich will join the Company’s Board of Directors. Mr. Matovich is the principal owner of the Alpine Gold Property.

        Mr. Matovich has 60+ years of mining and exploration experience in Canada and the United States. He first started with Cominco in Trail BC working in the smelter operation. Mr. Matovich then started Matovich Mining Industries where they supplied considerable tonnages of siliceous flux materials, lead and zinc concentrates to Cominco for over 20 years. Mr. Matovich then opened up a mining operation in 1997 in Northern British Columbia to supply barite for drilling fluids in the oil and gas industry. This mining operation is still in production today. Mr. Matovich also opened up a barite operation in Washington State that is going into production. He also worked with Halliburton, Baker Hughes, and Newmont and was very successful. In 2000, Mr. Matovich purchased the Alpine Gold Mine and since then has spent a considerable amount of time proving up the project.

        Mr. Matovich commented ‘ I am very pleased to bring the Alpine Gold Property to Copper Quest and join as a director. The company has a fantastic portfolio of critical mineral projects advancing and the Alpine Gold Project gives a potential near term cash flow opportunity along with upside to grow the current resource with drilling. I look forward to working with the Copper Quest team to help create value for all stakeholders involved.’

        Table 1 – Production History – Minfile (082FNW127) for Alpine Mine for gold (Au) and silver (Ag)

        YEAR Tonnes Tonnes Au Grams Ag Grams Est
        Grade         		Est
        Grade
        Mined Milled Recovered Recovered Au (g/t) Ag (g/t)
        1988 200 90 198 591 2.20 6.57
        *1948 – – 16,889 11,384 25.32 17.07
        *1947 – – 2,768 1,866 15.38 10.37
        *1946 – – 11,042 5,785 18.59 9.74
        *1942 – – 56,079 34,182 824.69 502.68
        1941 11,517 11,517 219,350 130,011 18.26 11.29
        1940 3,992 3,992 57,852 35,333 14.49 8.85
        1939 3 0 62 62
        1938 35 0 1,120 902
        1915 4 0 1,938
        *ore milled not reported

        Appointment of Mr. Ted Muraro as Technical Advisor to the Board

        Mr. Muraro will be appointed as Technical Advisor to the board on closing of the transaction. Mr. Theodore (Ted) W. Muraro has accumulated over six decades of experience in mineral exploration, including 35 years with Cominco where he advanced through Exploration to serve as the companies Chief Geologist and Internal Consulting Geologist. Early in his career, Mr. Muraro gained underground experience at Keno Hill, HB Mine, Sullivan, and Western Mines. His tenure at Cominco was marked by direct involvement in the discovery and subsequent successful development of the Westmin Mine at Buttle Lake, the Polaris Mine on Little Cornwallis Island in the high Arctic, and Snip Mine on the Iskut River. Following his service at Cominco, Mr. Muraro assumed the role of Vice President, Exploration at Romanex and International Barytex Resources, contributing his expertise to international gold projects.

        Mr. Muraro, who was awarded the Spud Huestis award in 2021 for his outstanding contributions to the industry and excellence in exploration, worked as an independent consultant (T.W. Muraro Consulting 1993-2016) on base metal and gold exploration projects around the world until his retirement in 2016. In these later years, he served on several boards as Director and/or Advisor, most recently with Imperial Metals. Mr. Muraro’s working relationship with Al Matovich started in the Rossland Mining Camp and shifted to the Alpine Property in the late 80’s.

        Appointment of Mr. John Mirko as Technical Advisor to the Board.

        Mr. Mirko will be appointed as Technical Advisor to the board on closing of the transaction. Mr. Mirko has over 40 years’ experience in the mining industry, past President and Founder of Canam Alpine Ventures Ltd. (recently sold to Vizsla Resources Ltd.), currently President and Founder of Canam Mining Corp. and Rokmaster Resources Corporation.

        From 1986 to 2010 Mr. Mirko the founder, President-CEO and Director of 4 public mining-exploration companies and a founder and Director of 3 others. He has been self-employed in the sector since 1972 as a prospector, contractor and consultant involved in exploration, development and mine construction of various projects in 12 counties, and commercial production of mineral concentrates and metal products from 5 of the projects.

        In 2008, Mr. Mirko was a recipient of the ‘E. A. Scholtz Medal for Excellence in Mine Development’ from the Association for Mineral Exploration of British Columbia, and in 2009, the Mining Association of British Columbia’s ‘Mining and Sustainability Award’ for the MAX Mine.

        Mr. Mirko is currently a member in good standing of the Society of Economic Geologists, Inc., the Canadian Institute of Mining, Metallurgy and Petroleum, the Prospectors and Developers Association of Canada and AME BC.

        Transaction Details

        The Agreement provides for the purchase of all the minerals claims and crown grants held by the Privco that make up the Alpine Gold Property. At closing Copper Quest will issue 14,177,517 Copper Quest common shares to Privco at a deemed price of $0.175c per share. The Shares will have a 24-month escrow agreement from closing date.

        Additionally, Copper Quest will reimburse $225,000 towards the 2025 expenditures of the Property that was completed earlier this year and a 2 percent NSR will be granted to Privco on closing of the Acquisition with half being able to be bought back for CAD$1-million.

        Closing is subject to a 45-day due diligence period, exchange approval and other customary closing conditions. Closing may occur prior to the 45-day due diligence period. A finder’s fee is payable in common shares in connection with the transaction.

        Qualified Person

        Brian Thurston, P.Geo., the Company’s President, CEO and a qualified person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects , has reviewed and approved the technical information in this news release.

        Gold: Global Demand & Supply

        Global demand for gold remains strong, supported by persistent geopolitical uncertainty, inflationary pressures, and ongoing central bank purchases. At the same time, supply growth is limited, with declining reserves at mature mines, few large-scale discoveries, and rising development costs. This tightening supply backdrop highlights the strategic value of advancing new gold projects in secure, mining-friendly jurisdictions. Copper Quest is aligned with these global trends, positioning Alpine to contribute to the next generation of significant gold discoveries.

        Stock Options

        The Company has granted stock options to Directors, Management, and Consultants of the Company to acquire an aggregate of 2,600,000 common shares in the capital of the Company, pursuant to the Company’s Equity Incentive Plan. The stock options are each convertible into a common share of the Company at an exercise price of $0. 20 until November 13, 2030.

        About Copper Quest Exploration Inc.

        Copper Quest ( CSE: CQX; OTCQB: IMIMF; FRA: 3MX ) is focused on building shareholder value through strategic acquisitions and the exploration and development of its North American Critical Mineral portfolio of assets. The Company’s land package currently comprises five critical mineral projects that span over 40,000+ hectares in great mining jurisdictions.

        Copper Quest has a 100% interest in the Stars Property, a porphyry copper-molybdenum discovery, covering 9,693 hectares in central British Columbia’s Bulkley Porphyry Belt. Contiguous to the Stars Property, Copper Quest has a 100% interest in the 5,389-hectare Stellar Property. CQX also has an earn-in option up to 80% and joint-venture agreement on the 4,700-hectare porphyry copper-molybdenum RIP Project, also in the Bulkley Porphyry Belt.

        Copper Quest has a 100% interest in the Nekash Copper-Gold Project, a porphyry exploration opportunity located in Lemhi County, Idaho, along the prolific Idaho-Montana porphyry copper belt that hosts world-class systems such as Butte and CUMO. The project is fully road-accessible via maintained U.S. highways and forest service roads and currently consists of 70 unpatented federal lode claims covering 585 hectares.

        Copper Quest has a 100% interest in the Thane Project located in the Quesnel Terrane of Northern BC which spans over 20,658 ha with 10 high-priority targets identified demonstrating significant copper and precious metal mineralization potential.

        Copper Quest’s leadership and advisory teams are senior mining industry executives who have a wealth of technical and capital markets experience and a strong track record of discovering, financing, developing, and operating mining projects on a global scale. Copper Quest is committed to sustainable and responsible business activities in line with industry best practices, supportive of all stakeholders, including the local communities in which it operates. For more information on Copper Quest, please visit the Company’s website at Copper Quest .

        On behalf of the Board of Copper Quest Exploration Inc.

        Brian Thurston, P.Geo.
        Chief Executive Officer and Director
        Tel: 778-949-1829

        For further information contact:

        Investor Relations
        info@copper.quest

        Forward Looking Information

        This news release contains certain ‘forward-looking information’ and ‘forward-looking statements’ (collectively, ‘ forward-looking statements ‘) within the meaning of applicable securities legislation. All statements, other than statements of historical fact included herein, including without limitation, future operations and activities of Copper Quest, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as ‘expects’, ‘anticipates’, ‘believes’, ‘intends’, ‘estimates’, ‘potential’, ‘possible’, and similar expressions, or statements that events, conditions, or results ‘will’, ‘may’, ‘could’, or ‘should’ occur or be achieved. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates based on or related to many of these factors. Such factors include, without limitation, risks associated with possible accidents and other risks associated with mineral exploration operations, the risk that the Company will encounter unanticipated geological factors, risks associated with the interpretation of exploration results, the possibility that the Company may not be able to secure permitting and other governmental clearances necessary to carry out the Company’s exploration plans, the risk that the Company will not be able to raise sufficient funds to carry out its business plans, and the risk of political uncertainties and regulatory or legal changes that might interfere with the Company’s business and prospects. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these items. The Company does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by applicable securities laws.

        The Canadian Securities Exchange has not reviewed, approved or disapproved the contents of this press release, and does not accept responsibility for the adequacy or accuracy of this release.

        A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3309c0ba-17fd-4a57-b498-e8a3c49534fc

        News Provided by GlobeNewswire via QuoteMedia

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        Americas Gold & Silver to Acquire Crescent Silver in US$65 Million Deal

        Investing 3 Mins Read

        Mid-tier precious metals producer Americas Gold and Silver (TSX:USA,NYSEAMERICAN:USAS) continues to grow its North American footprint with its intended acquisition of privately owned Crescent Silver.

        The two companies inked a US$65 million binding purchase agreement on Thursday (November 13). It includes the past-producing, fully permitted Crescent mine in the Idaho Silver Valley.

        Known as “the silver capital of the world,” the region is well known for its immense production of silver, lead and zinc, as well as significant amounts of copper and antimony.

        Within this prolific mining district, the Crescent mine is sandwiched between the historic Sunshine and Bunker Hill mines and is just 9 miles from Americas’ Galena complex, an active silver, lead and copper operation.

        “The mineralized material at Crescent is the same silver-copper-antimony tetrahedrite material currently processed at Galena,” notes the company’s press release.

        The deal comes just one week after the US Geological Survey officially added silver to its list of critical minerals in recognition of the metal’s growing importance to American economic and national security.

        Substantial infrastructure is already in place at Crescent, which has a historic 2015 preliminary economic assessment demonstrating the potential to produce 1.4 million to 1.6 million ounces of silver annually.

        “Crescent has the potential to be fast tracked into our growing production profile alongside Galena, allowing us to leverage our strong operations team located in the Silver Valley,” said Americas Chair and CEO Paul Andre Huet.

        Management believes the company can begin adding feed from Crescent to the Galena mill and generating cashflow from these activities as early as mid-2026. Americas’ team sees plenty of upside on the Crescent property as less than 5 percent of the landholding has been explored, with only two veins delineated for production. In 2026, the company plans to launch a US$3.5 million drill program to test multiple targets both at surface and underground.

        The Crescent acquisition includes US$20 million in cash alongside approximately 11.1 million common shares of an equity position in Americas valued at approximately US$45 million.

        To cover the cost of the purchase, Americas initially announced it would be conducting a concurrent US$65 million bought-deal private placement via an agreement with Canaccord Genuity and BMO Capital Markets.

        Shortly after that news, the company said it was increasing that private placement to US$115 million on strong investor interest. Eric Sprott, Americas’ largest shareholder, will participate in the financing.

        “The addition of the Crescent Mine, while potentially improving the project profile of the Company, provides additional synergies only available through rational consolidation and is a transaction that leverages the strength of Paul’s strong operating team in the Silver Valley,” said Sprott, a well-known financier in the mining industry.

        Earlier in the week, Americas Gold & Silver published its financial and operational results for Q3. Its consolidated silver production was up 98 percent year-on-year and 11 percent quarter-on-quarter, while its consolidated revenue, including by-product revenue, jumped by 37 percent compared to the same quarter last year to US$30.6 million.

        Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.

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