Breaking
Retirement Daily Reporting
Author

admin

Browsing
Investing

Heliostar Provides 2026 Guidance and Growth Plan

Investing 11 Mins Read

HIGHLIGHTS:

  • Production guidance of 50,000-55,000 oz gold
  • Cash Costs of $1,850-$1,950/oz gold and All In Sustaining Costs of $2,025-$2,125/oz gold
  • Pre-stripping of Veta Madre open pit expansion at La Colorada
  • $27M exploration program funded from operating cash flow

Heliostar Metals Ltd. (TSXV: HSTR,OTC:HSTXF) (OTCQX: HSTXF) (FSE: RGG1) (‘Heliostar’ or the ‘Company’) is pleased to provide production and cost guidance for 2026 as well as details of growth plans across the portfolio. The Company plans to produce 50,000-55,000 ounces of gold at by-product cash costs of $1,850-$1,950oz gold and a consolidated All-In Sustaining Cost (AISC) of $2,025-$2,125oz gold. Heliostar will utilize the cash generated from ongoing operations to continue to invest in exploration and growth initiatives across the Company’s portfolio, including advancement of the flagship Ana Paula development project towards production.

Project Category 2026 Guidance
La Colorada Mine
Gold Production (Ounces) 20,000-22,300
Silver Production (Ounces) 130,000-145,000
Cash Costs (per gold ounce)1,2 $1,650-$1,750
All-In Sustaining Cost (per gold ounce)1,2,3,4 $1,775-$1,875
San Agustin Mine
Gold Production (Ounces) 30,000-32,700
Silver Production (Ounces) 160,000-175,000
Cash Costs (per gold ounce)1,2 $2,000-$2,100
All-In Sustaining Costs (per gold ounce)1,2,3,4 $2,150-$2,250
Heliostar Consolidated
Gold Production (Ounces) 50,000-55,000
Silver sold (Ounces) 290,000-320,000
Cash Cost (per gold ounce)1,2 $1,850-$1,950
All-In Sustaining Costs (per gold ounce)1,2,3,4 $2,025-$2,125

 

  1. Cash costs and AISC are non-GAAP measures. Please refer to the ‘Non-GAAP Financial Measures’ section of this news release for further information on this measure.
  2. AISC is based on the World Gold Council definition.
  3. Mine site AISC includes only the portion of corporate G&A allocated to the operating mines. Consolidated G&A includes the aforementioned corporate G&A allocated to the operating mines plus all corporate stock-based compensation.
  4. Annual average exchange rate from all costs based on Mexican peso to US dollar (18 pesos per one dollar).

The La Colorada mine (‘La Colorada’) will continue to produce metals from processing Junkyard and other stockpiles with a focus on additional re-leaching opportunities at the operation. The San Agustin mine (‘San Agustin’) successfully resumed mining operations in December 2025 (see the press release dated December 17, 2025) and will continue mining, crushing, stacking and leaching activities to produce gold and silver through 2026 and beyond.

La Colorada

In 2026, the Company expects to produce 20,000-22,300 ounces of gold at an AISC of $1,775-$1,875 per ounce of gold. This will come from crushing and stacking stockpiles, including the Junkyard Stockpile ore, a portion of the Truckshop Stockpile and re-leaching opportunities.

Development of the Veta Madre open pit expansion project is planned to commence in early Q3. The Company plans to conduct pre-stripping of 11 million tonnes of waste in 2026 to access the 43,000 ounces of in-situ gold in reserves at Veta Madre starting in the first half of 2027. This is a key growth initiative that will drive increased production at the mine in 2027.

De-risking drilling of Veta Madre and Veta Madre Plus (a planned cutback and possible expansion, respectively) is ongoing. The results of this program will provide technical information for a refined pit design and may lead to additional mineral reserves. Heliostar has also budgeted for regional exploration beyond the main mine trend at La Colorada with the aim of unlocking the full geologic potential of the larger, under-explored land package. In addition, the Company has planned for a dedicated drill program in the second half of 2026 to investigate the underground potential below the existing open pits at La Colorada. Heliostar intends to invest up to $5.8M in resource development and exploration activities at La Colorada in 2026.

San Agustin

After successfully restarting open pit production in December 2025, the operation will produce at steady state through 2026 and beyond. The Company expects the mine to produce 30,000-32,700 ounces of gold at a site-level, by-product AISC of $2,150-$2,250 per ounce of gold. The increase in cost compared to that shown in the January 2025 Feasibility Study is driven by general inflation, higher contractor mining costs and allocation of corporate general and administrative costs.

Drilling focused on expanding the oxide reserves at the Corner Area and around the existing open pit is ongoing, with 13,000 metres budgeted in 2026. In addition, Heliostar has planned up to 5,000 metres of drilling to investigate the high-grade portions of the large, polymetallic sulphide deposit that sits both adjacent to and beneath the oxides currently being mined. Further, $2.0M has been earmarked for exploration of Heliostar’s claims across the district, including early-stage exploration of the silver-rich Consejo veins mapped at surface. The Company plans to invest up to $9.7M through this year to unlock the full geologic potential of the property.

Ana Paula

The ongoing 20,000 metre infill and expansion drill program at Ana Paula will continue through Q1 2026. Given the success to date, an additional 6,500 metres have been approved to continue to upgrade inferred material currently in the Preliminary Economic Assessment mine plan. Heliostar has commenced work to complete a Feasibility Study for Ana Paula, scheduled to be completed in the first half of 2027. This important milestone will fully define the construction and operating plans to develop a 100k ounce per year gold mine.

Heliostar plans to continue to advance the existing 412 metre production-scale decline into the Ana Paula deposit in 2026. This work is planned to start in Q3 and is part of a broader de-risking and early works program to support production at the mine in the second half of 2028. The completion of the decline will also provide a platform for underground drilling to continue to expand the Ana Paula deposit at depth and explore for the causative intrusion and potential mineralized contact skarn deposit.

In addition, $1.5M has been budgeted for early-stage, regional exploration at Ana Paula. This includes a drone magnetics survey, ground-based gravity survey, property-wide soil sampling and geologic mapping. The Ana Paula project sits on a largely unexplored 56,334ha land package – one of the largest in the prolific and highly prospective Guererro Gold Belt. In total, Heliostar plans to invest $6.6M in resource development and regional exploration at Ana Paula in 2026, in addition to the $15.0M required to extend the decline.

Other Properties

At Cerro del Gallo, Heliostar is advancing permitting discussions alongside active engagement with the local communities and social benchmarking surveys. The Company’s workplan includes an update of the geologic model to allow flotation trade-off testing, further metallurgical test work of the sulphide portion of the deposit and hydrological data collection.

Unga and San Antonio will see modest exploration and metallurgical programs, respectively.

The total planned exploration, development and study expenditure for these properties is $4.9M.

Statement of Qualified Persons

Gregg Bush, P.Eng., Qualified Person, as such term is defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects, has reviewed the scientific and technical information that forms the basis for this news release and has approved the disclosure herein. Mr. Bush is employed as Chief Operating Officer of the Company.

Non-GAAP Financial Measures

Management believes that the reported non-GAAP financial measures will enable certain investors to better evaluate the Company’s performance, liquidity, and ability to generate cash flow. These measures do not have any standardized definition under IFRS and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. Other companies may calculate these measures differently. Additional details of the Company’s calculation of Cash Costs and All-In Sustaining Costs can be found in the most recent MD&A.

About Heliostar Metals Ltd.

Heliostar is a gold producer with production from operating mines in Mexico. This includes the La Colorada Mine in Sonora and San Agustin Mine in Durango. The Company also has a strong portfolio of development projects in Mexico and the USA. These include the Ana Paula project in Guerrero, the Cerro del Gallo project in Guanajuato, the San Antonio project in Baja Sur and the Unga project in Alaska.

FOR ADDITIONAL INFORMATION PLEASE CONTACT:

Charles Funk
President and Chief Executive Officer
Heliostar Metals Limited
Email: charles.funk@heliostarmetals.com
Phone: +1 844-753-0045		 Rob Grey
Investor Relations Manager
Heliostar Metals Limited
Email: rob.grey@heliostarmetals.com
Phone: +1 844-753-0045

 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statement Regarding Forward-Looking Information

This news release includes certain ‘Forward-Looking Statements’ within the meaning of the United States Private Securities Litigation Reform Act of 1995 and ‘forward-looking information’ under applicable Canadian securities laws. When used in this news release, the words ‘anticipate’, ‘believe’, ‘estimate’, ‘expect’, ‘target’, ‘plan’, ‘forecast’, ‘may’, ‘would’, ‘could’, ‘schedule’ and similar words or expressions, identify forward-looking statements or information. These forward-looking statements or information relate to, among other things, the Company’s plans, prospects and business strategies; the Company’s guidance on the timing and amount of future production and its expectations regarding the results of operations; the completion of additional studies, including and the Feasibility Study for Ana Paula; exploration and metallurgical programs; and expectations for other economic, business, and/or competitive factors.

Forward-looking statements and forward-looking information relating to the terms and completion of the Facility, any future mineral production, liquidity, and future exploration plans are based on management’s reasonable assumptions, estimates, expectations, analyses and opinions, which are based on management’s experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things, the receipt of necessary approvals, price of metals; no escalation in the severity of public health crises or ongoing military conflicts; costs of exploration and development; the estimated costs of development of exploration projects; and the Company’s ability to operate in a safe and effective manner and its ability to obtain financing on reasonable terms.

These statements reflect the Company’s respective current views with respect to future events and are necessarily based upon a number of other assumptions and estimates that, while considered reasonable by management, are inherently subject to significant business, economic, competitive, political, and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements or forward-looking information and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: precious metals price volatility; risks associated with the conduct of the Company’s mining activities in foreign jurisdictions; regulatory, consent or permitting delays; risks relating to reliance on the Company’s management team and outside contractors; risks regarding exploration and mining activities; the Company’s inability to obtain insurance to cover all risks, on a commercially reasonable basis or at all; currency fluctuations; risks regarding the failure to generate sufficient cash flow from operations; risks relating to project financing and equity issuances; risks and unknowns inherent in all mining projects, including the inaccuracy of reserves and resources, metallurgical recoveries and capital and operating costs of such projects; contests over title to properties, particularly title to undeveloped properties; laws and regulations governing the environment, health and safety; the ability of the communities in which the Company operates to manage and cope with the implications of public health crises; the economic and financial implications of public health crises, ongoing military conflicts and general economic factors to the Company; operating or technical difficulties in connection with mining or development activities; employee relations, labour unrest or unavailability; the Company’s interactions with surrounding communities; the Company’s ability to successfully integrate acquired assets; the speculative nature of exploration and development, including the risks of diminishing quantities or grades of reserves; stock market volatility; conflicts of interest among certain directors and officers; lack of liquidity for shareholders of the Company; litigation risk; and the factors identified under the caption ‘Risk Factors’ in the Company’s public disclosure documents. Readers are cautioned against attributing undue certainty to forward-looking statements or forward-looking information. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or forward-looking information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements or information, other than as required by applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/280186

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com

Keep Reading
Investing

Crypto Market Update: South Korea Lifts 9-Year Ban on Corporate Crypto Investing

Investing 3 Mins Read

Here’s a quick recap of the crypto landscape for Monday (January 12) as of 9:00 a.m. UTC.

Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin and Ether price update

Bitcoin (BTC) was priced at US$90,643.88, down by 0.2 percent over 24 hours.

Bitcoin price performance, January 12, 2025.

Chart via TradingView

Ether (ETH) was priced at US$3,111.86, up by 0.3 percent over the last 24 hours.

Altcoin price update

  • XRP (XRP) was priced at US$2.05, down by 2.5 percent over 24 hours.
  • Solana (SOL) was trading at US$139.67, up by 2.1 percent over 24 hours.

Today’s crypto news to know

South Korea lifts 9-year ban on corporate crypto

South Korea has lifted a nine-year ban on corporate crypto investing, allowing public companies and professional investors to allocate up to 5% of their equity capital to digital assets.

The country’s Financial Services Commission (FSC) said eligible assets will be limited to the top 20 cryptocurrencies by market capitalization traded on the country’s five licensed exchanges.

The shift reverses years of policy that kept institutional money out of the market and left crypto trading dominated by retail investors.

Regulators estimate that restrictive rules contributed to roughly US$110 billion in crypto capital outflows in 2025. Meanwhile, legislators framed the move as part of the government’s 2026 economic growth strategy aimed at modernizing capital markets and retaining domestic investment.

While stablecoins are not yet included, authorities said discussions on their treatment are ongoing.

Coinbase warns it may pull support from US Senate Crypto Bill

Coinbase is threatening to withdraw its backing for a major US Senate crypto bill if lawmakers impose limits on stablecoin rewards beyond enhanced disclosure requirements.

According to Bloomberg, the dispute centers on proposed language that would restrict platforms from offering yield on stablecoins unless they operate as regulated banking institutions.

The company argues that such provisions would give banks an unfair advantage and undermine competition from crypto-native firms.

The warning comes ahead of a January 15 markup set by Senate Banking Committee Chair Tim Scott, after repeated legislative delays throughout 2025.

Coinbase CEO Brian Armstrong has previously said banks are likely to lobby for exclusive control over stablecoin yield as adoption grows. While Coinbase has applied for a national trust charter that could eventually allow it to offer rewards under stricter rules, the firm is pushing to preserve non-bank models.

Dubai bans privacy tokens, tightens stablecoin rules

Dubai’s financial regulator has banned privacy-focused crypto tokens and tightened its stablecoin framework as part of a broader overhaul of digital asset rules.

The Dubai Financial Services Authority (DFSA) said privacy coins are incompatible with anti–money laundering and sanctions compliance standards and will no longer be permitted in the Dubai International Financial Centre.

Under the updated regime, only fiat-backed stablecoins supported by high-quality, liquid assets will qualify as stablecoins, while algorithmic models will be treated as ordinary crypto tokens.

The rules take effect January 12 and reflect a shift away from regulator-approved token lists toward firm-led suitability assessments. Licensed companies will now be responsible for determining whether crypto assets meet regulatory standards and must keep those assessments under ongoing review.

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

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

This post appeared first on investingnews.com

Keep Reading
Investing

BPH Energy LimitedRaises $1.2M to Accelerate Funding of Hydrocarbon and Cortical Investments

Investing 4 Mins Read

Sydney, Australia (ABN Newswire) – BPH Energy Limited (ASX:BPH) announced that it has received binding commitments from new and existing sophisticated investors to raise approximately $1.2 million (before costs) (‘Placement’). The Placement will comprise the issue of 134,222,222 new fully paid ordinary shares (‘Placement Shares’) in the Company at an issue price of $0.009 per share. The Placement Shares will be issued pursuant to the Company’s existing placement capacity under ASX Listing Rule 7.1 and 7.1A.

HIGHLIGHTS

– Binding commitments received to raise approximately $1.2 million through a Placement at $0.009 per share

– Placement participants will receive 1 Attaching Option for each New Share subscribed for under the Placement, exercisable at $0.03 per share, with an expiry date being the same as the Options to be issued under the Options Prospectus dated 2 December 2025

– BPH funded to execute its next phase of hydrocarbon and Cortical Dynamics investments

– The Federal Court hearing for the PEP-11 judicial review application is scheduled for February 20 and 23, 2026

Placement participants will receive 1 free Attaching Option for each Placement Share subscribed for under the Placement, exercisable at $0.03 each with an expiry date being the same as the options to be issued under the Options Prospectus dated 2 December 2025 (‘Attaching Options’).

Oakley Capital Partners Pty Limited (‘Oakley Capital’) and 62 Capital Limited (’62 Capital’) acted as Joint Lead Managers for the Placement. Oakley Capital and 62 Capital will be paid a cash fee of 6% on funds raised under the Placement and an aggregate of 33,555,555 Broker Options (‘Broker Options’) on the same terms as the Attaching Options.

The Attaching Options and Broker Options will be issued on the same day as the Options to be issued under the Options Prospectus and the Company intends to apply for quotation of the Options subject to the Company meeting ASX quotation requirements.

Commenting on the capital raising, Executive Director Mr David Breeze said:

‘We are pleased to have received strong support in the Placement. The funding allows BPH to accelerate the exploration programs to unlock the potential on our gas projects especially with the current gas supply crisis as well as assist the next phase of associate Cortical Dynamic Limited’s expansion. The funding also leaves BPH well-placed ahead of the Federal Court hearing for the PEP-11 judicial review scheduled for February 20 and 23, 2026, where the PEP-11 Joint Venture will seek to overturn the Federal Government’s rejection of the PEP-11 permit extension’

USE OF FUNDS

The proceeds raised under the Placement provide BPH with an enhanced cash position to fund its hydrocarbon projects and to assist in the continued development of Cortical Dynamics.

The intended use of funds will be for:

– $0.85 million – Funding for exploration and development of oil and gas investments

– $0.1 million – For working capital including costs of the offer

– $0.25 million – Funding for Cortical Dynamics

PLACEMENT DETAILS

The Placement offer price of $0.009 per share represents a 18.2% discount to BPH’s last price of $0.0011 per share on Thursday, 8 January 2026, and a 7.8% discount to the 15-day VWAP of $0.00976 per share.

Settlement of the Placement is expected to be completed on or around 14 January 2026.

A total of 12,259,551 Placement Shares, 134,222,222 free Attaching Options, and 33,555,555 Broker Options (pro rata to their management of the Placement) will be issued under ASX Listing Rule 7.1. A total of 121,962,671 Placement Shares will be issued under ASX Listing Rule 7.1A.

The Attaching Options and Broker Options will be issued following the close of the Offer under the Options Prospectus dated 2 December 2025.

Placement Shares will rank equally with existing fully paid ordinary shares.

The Company will issue a supplementary Options Prospectus as soon as possible.

About BPH Energy Limited:

BPH Energy Limited (ASX:BPH) is an Australian Securities Exchange listed company developing biomedical research and technologies within Australian Universities and Hospital Institutes.

The company provides early stage funding, project management and commercialisation strategies for a direct collaboration, a spin out company or to secure a license.

BPH provides funding for commercial strategies for proof of concept, research and product development, whilst the institutional partner provides infrastructure and the core scientific expertise.

BPH currently partners with several academic institutions including The Harry Perkins Institute for Medical Research and Swinburne University of Technology (SUT).

Source:
BPH Energy Limited

Contact:
David Breeze
admin@bphenergy.com.au
www.bphenergy.com.au
T: +61 8 9328 8366

News Provided by ABN Newswire via QuoteMedia

This post appeared first on investingnews.com

Keep Reading
Investing

Tech Weekly: CES Announcements Reignite Memory Shortage Concerns

Investing 3 Mins Read

We also break down next week’s catalysts to watch to help you prepare for the week ahead.

In this article:

    This week’s tech sector performance

    Tech markets spent the first full week of 2026 responding to headlines out of the Consumer Electronics Show (CES) in Las Vegas, where semiconductor and artificial intelligence (AI) announcements helped drive Nasdaq Composite (INDEXNASDAQ:.IXIC) momentum. This enthusiasm pushed the index to a fresh record midweek before a bout of profit taking and renewed concerns weighed on sentiment heading into Friday (January 9).

    The Nasdaq finished the week up 0.95 percent from Monday’s (January 5) open, powered by gains in memory and storage names like Micron Technology (NASDAQ:MU) and Western Digital (NASDAQ:WDC) after upbeat commentary on next-generation data infrastructure. However, the rally faded as investors rotated into defensive stocks after US President Donald Trump proposed a US$1.5 trillion “Dream Military” budget.

    Labor market indicators for the week suggest a continued, gradual cooling in the American job market, supporting the case for future US Federal Reserve interest rate cuts.

    North of the border, Canada’s S&P/TSX Composite Index (INDEXTSI:OSPTX) retreated after briefly hitting a record, mirroring the US market’s rotation in the second half of the week, weighed down by Venezuela oil fears.

    3 tech stocks moving markets this week

    1. Micron Technology (NASDAQ:MU)

    Shares of Micron Technology rose 0.12 percent on Monday after the company provided an investor update confirming strong demand for its high-bandwidth memory, critical for AI GPUs, through 2026.

    Comments on storage shortages at CES amplified gains on Tuesday, driving an 8.25 percent advance for Micron that day alongside additional memory stocks. The company saw a 6.14 percent weekly gain.

    2. Lockheed Martin (NYSE:LMT)

    Lockheed Martin jumped by as much as 2.06 percent on Thursday (January 8) after Trump’s Truth Social post prompted an investor rotation to defensive tech stocks.

    3. SanDisk (NASDAQ:SNDK)

    Sandisk, a company focused on NAND flash, SSDs and memory cards for consumer and AI data center use, jumped as much as 27.57 percent on Tuesday as comments at CES from NVIDIA (NASDAQ:NVDA) and Samsung Electronics (KRX:005930,OTCPL:SSNLF) executives reignited concerns of forthcoming price increases for NAND flash memory.

    SanDisk, Lockheed Martin and Micron Technology performance, January 5 to 9, 2026.

    Chart via Google Finance.

    Top tech news of the week

      • Huang also announced that NVIDIA’s new AI server racks will not require outside cooling, a revelation that caused the stocks of cooling equipment suppliers, such as Modine Manufacturing (NYSE:MOD) and Johnson Controls International (NYSE:JCI), to fall.

                      Tech ETF performance

                      Tech exchange-traded funds (ETFs) track baskets of major tech stocks, meaning their performance helps investors gauge the overall performance of the niches they cover.

                      This week, the iShares Semiconductor ETF (NASDAQ:SOXX) advanced by 2.47 percent, while the Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) saw a gain of 1.45 percent.

                      The VanEck Semiconductor ETF (NASDAQ:SMH) also increased by 1.98 percent.

                      Tech news to watch next week

                      Next week will bring bank earnings, starting with JPMorgan Chase (NYSE:JPM) on January 12, and Bank of America (NYSE:BAC) on January 15. January 15 will also bring the latest quarterly results from Taiwan Semiconductor Manufacturing Company (NYSE:TSM).

                      US producer price index data will hit on January 14, testing Fed interest rate cut bets, while Micron is set to break ground on its US$100 billion New York mega-fab on January 16.

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

                      This post appeared first on investingnews.com

                      Keep Reading
                      Editor's pick

                      Warner Bros. Discovery rejects Paramount’s amended takeover offer

                      Editor's pick 4 Mins Read

                      Warner Bros. Discovery on Wednesday rejected Paramount Skydance’s amended takeover offer, the latest in a series of rejections in David Ellison’s pursuit of the streaming and cable giant.

                      The media company said it remains committed to the $82.7 billion deal it reached in December to sell its streaming service, studio and HBO cable channel to Netflix.

                      ‘The Board unanimously determined that the Paramount’s latest offer remains inferior to our merger agreement with Netflix across multiple key areas,’ Warner Bros. Discovery Chairman Samuel Di Piazza said in a statement.

                      ‘Paramount’s offer continues to provide insufficient value,’ he continued.

                      In a letter to shareholders, Di Piazza wrote that Paramount Skydance’s offer carries ‘significant costs, risks and uncertainties as compared to the Netflix merger.’ The way the Paramount deal is structured creates a ‘lack of certainty’ about its finalization, he added.

                      Di Piazza adds in the letter that if the company were to agree to the Paramount merger and it failed to close, it would result in a ‘potentially considerable value destruction.’

                      ‘What matters most right now is our focus as we start the year,’ Warner Bros. Discovery CEO David Zaslav said in a memo to employees seen by NBC News. ‘Our operating plans remain unchanged, and our priorities for 2026 are clear and intentional.’

                      Zaslav wrote that the ‘review was conducted with discipline and rigor, and was supported by independent financial and legal advisors.’

                      On Dec. 22, Paramount Skydance increased its offer for Warner Bros. Discovery with a personal guarantee from billionaire Larry Ellison, who was backing the financing for the deal. His son, David Ellison, is the CEO of Paramount Skydance.

                      However, that was not enough for Warner Bros. Discovery. That beefed-up offer followed Warner Bros. Discovery’s Dec. 17 public rejection of Paramount. It also preceded multiple private rejections before Paramount Skydance went public.

                      In a statement Thursday, Paramount said it remained committed to the offer that WBD has rejected twice. “WBD continues to raise issues in Paramount’s offer that we have already addressed, including flexibility in interim operations,” Paramount said.

                      At stake is the future of one of the most storied media empires in the United States.

                      The bidding by Paramount also comes amid a monumental shift in the media and streaming landscape at large. On Monday, Versant Media, the cable network spinoff from Comcast, began trading as an independent company. Shares have plunged more than 20% over the course of those two days. (Comcast is the parent company of NBCUniversal and NBC News.)

                      On CNBC, Di Piazza said it would be a mistake to compare Warner Bros. Discovery‘s cable networks to Versant. ‘Discovery Global is different, it has a lot more scale,’ he said.

                      Streaming companies such as Apple, Netflix and Amazon are also challenging traditional broadcasters such as Paramount-owned CBS for sports rights.

                      Warner Bros. Discovery controls properties ranging from CNN Worldwide and the Discovery Channel to HBO, as well as the Warner Bros. film studio and archive.

                      Despite the back and forth between Warner Bros. Discovery and Paramount, Netflix has so far proceeded with the deal it inked Dec. 5, under which the world’s largest streaming company would acquire a stake in WBD.

                      Warner’s cable networks would be spun out into a separate company as part of that deal. However, Paramount Skydance wants to buy everything Warner Bros. Discovery owns.

                      Paramount’s controlling shareholders, the Ellisons, have suggested they could obtain regulatory clearance more quickly and easily than Netflix.

                      In mid-2025, the Ellisons acquired Paramount with approval from the Trump administration. But that approval only came after CBS News agreed to pay $16 million to President Donald Trump’s future presidential library over an interview that “60 Minutes” had conducted with then-presidential candidate, Vice President Kamala Harris.

                      Netflix, for its part, has met with Trump at the White House over the deal. But Trump has said either bidder poses potential problems, in his view.

                      Netflix said in a statement that it ‘welcomed the Warner Bros. Discovery board of directors’ continued commitment to the merger agreement’ the two companies reached last year. ‘Netflix and Warner Bros. will bring together highly complementary strengths and a shared passion for storytelling,’ Netflix’s co-CEOs Ted Sarandos and Greg Peters said.

                      Di Piazza said on CNBC that the difference between Paramount’s offer and that of Netflix is that Warner Bros. and Netflix already ‘have a signed merger agreement’ that has ‘a clear path to closing.’ Di Piazza also said the Netflix deal offers ‘protections for our shareholders, if something stops the close, whatever that might be.’

                      Trump has said he will be personally involved in reviewing whichever merger proceeds.

                      Paramount did not immediately respond to a request for comment.

                      This post appeared first on NBC NEWS

                      Keep Reading
                      Investing

                      Top 5 Canadian Mining Stocks This Week: Gold Reserve Jumps with 132 Percent Gain

                      Investing 11 Mins Read

                      Statistics Canada released December jobs figures on Friday (January 9). The data shows that 8,200 new jobs were added during the month, while the unemployment rate rose to 6.8 percent, up 0.3 percentage points from November.

                      The agency attributes the gain to more Canadians actively seeking work. Analysts had expected a decrease of 5,000 jobs and a smaller increase in the unemployment rate to 6.6 percent.

                      Among the highlights of the report was an improvement in the type of labor, as part-time jobs fell by 42,000, while full-time jobs rose by 50,000. The gains bring the total number of jobs added to the Canadian economy since September to 181,000, ending the year with strong momentum after little growth earlier in 2025.

                      The US Bureau of Labor Statistics also released jobs data, indicating that the US economy added 50,000 jobs in December, with an unemployment rate of 4.4 percent, down 0.1 percentage points from November.

                      Excluding 2020 at the start of the COVID-19 pandemic, the 584,000 jobs added in 2025 mark the worst performance for the US jobs market since 2009 at the height of the global financial crisis.

                      On Wednesday (January 7), US President Donald Trump announced on Truth Social that Venezuela would be turning over up to 50 million barrels of oil to the US, worth approximately US$2.8 billion, and it would be sold at market price.

                      Trump wrote that he will control the money made from the sales “to ensure it is used to benefit the people of Venezuela and the United States.” The announcement comes days after US forces executed an operation to capture Venezuelan President Nicolas Maduro and return him to the US to stand trial for drug trafficking and weapons charges.

                      Trump also stated that the US will be overseeing the governance of the South American nation, while eyeing a return for US oil companies, giving the US control of one of the world’s largest oil reserves indefinitely.

                      The actions brought widespread criticism from US allies and foes alike, as the US violated international and domestic laws by working outside traditional mechanisms to carry out the operation, which included bombing strikes on strategic military targets in the country. Due in part to concerns of competition from rising Venezuelan oil production, some Canadian oil stocks fell by as much as 7 percent on Monday (January 5).

                      In mining news, Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO) and Glencore (LSE:GLEN,OTCPL:GLCNF) restarted merger discussions this week. The companies previously discussed creating a combined entity in 2024, but talks stalled.

                      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 on the rise this week.

                      The S&P/TSX Composite Index (INDEXTSI:OSPTX) gained 2.51 percent over the week and set a new record to close Friday at 32,612.93; the S&P/TSX Venture Composite Index (INDEXTSI:JX) fared a little better, rising 4.91 percent to 1,052.18. The CSE Composite Index (CSE:CSECOMP) also gained ground, rising 5.17 percent to close at 182.45.

                      The gold price was trading near all-time highs this week following the US incursion into Venezuela. It gained 4.36 percent on the week to reach US$4,506.84 per ounce by Friday at 4:00 p.m. EST. The silver price did even better, trading near an all time high at US$82.54 per ounce on Tuesday (January 6). Although the price pulled back on Wednesday and Thursday (January 8), it rebounded on Friday to end the week up 10.17 percent at US$79.75.

                      In base metals, the Comex copper price climbed to its own record high, reaching US$6.12 per pound on Monday, before pulling back to end the week down 0.67 percent at US$5.91.

                      The S&P Goldman Sachs Commodities Index (INDEXSP:SPGSCI) rose 2.06 percent to end Friday at 559.83.

                      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. Gold Reserve (TSXV:GRZ)

                      Weekly gain: 131.78 percent
                      Market cap: C$662.66 million
                      Share price: C$5.47

                      Gold Reserve is an exploration company that holds a minority share in the Siembra Minera gold and copper project in Venezuela. It is currently in a dispute with the Venezuelan government, which holds a majority stake in the project, claiming that it has deprived Gold Reserve of its rights to the multi-billion dollar mining project.

                      In 2014, the government was ordered to pay over US$700 million to Gold Reserve, but, in a show of good faith, the company agreed to enter into settlement negotiations, ultimately agreeing in 2016 to pay the arbitration award in installments. However, according to Gold Reserve, the government failed to make payments and, by 2021, had shifted to sabotaging negotiations, entering into new deals over the property with rivals, and imprisoning the company’s chief legal and commercial representative. The company states the imprisonment intimidated potential court representatives for the company, and the Supreme Court of Venezuela dismissed Gold Reserve’s appeal for “lack of representation.”

                      More recently, Gold Reserve has pursued legal action in Delaware regarding the forced sale of assets owned by Venezuela’s state-owned oil producer, PDVSA, and CITGO. In its most recent update on the Delaware case Friday, Gold Reserve said that it filed its opening appeal brief with the US Court of Appeals for the Third Circuit in connection with the proposed sale of the oil companies’ assets. Although Gold Reserve was the highest bidder, the District Court approved the sale to Elliott Investment Management and affiliate Amber Energy. Gold Reserve asserts that the order approving the sale violated Delaware requirements that attached shares be sold to the highest bidder.

                      The company believes there are enough concerns to vacate the sale order. It also added that it is reviewing security plans and taking proactive steps to support an eventual safe return to its operations in Venezuela.

                      Shares surged this week following the capture of Venezuela’s Maduro by US forces on January 3.

                      2. Peloton Minerals (CSE:PMC)

                      Weekly gain: 92.86 percent
                      Market cap: C$42.06 million
                      Share price: C$0.27

                      Peleton Minerals is an exploration company focused on its flagship North Elko lithium project in Nevada, US.

                      The property consists of 442 mineral claims covering 37 square kilometers, west of a major discovery made by Surge Battery Metals (TSXV:NILI,OTCQX:NILIF) in 2023. In 2024 and 2025, Peloton carried out several exploration programs at the site, including airborne hyperspectral imaging, a soil geochemistry survey and geological mapping.

                      In November 2025, the company commenced a maiden drill program at the site, saying it planned to target lithium-bearing claystone layers with potential for other critical minerals.

                      The program consisted of four holes, each drilled to a depth of approximately 500 feet. Peloton announced on December 10 that the program was complete and confirmed near-surface clay layers. The company had submitted samples for multi-element analysis, with results not expected until the end of January 2026.

                      Shares in the company gained this week, but it has not released news since December 31, when it reported the closing of the third and final tranche of its non-brokered private placement. The three fundraising rounds raised C$1.17 million in total and proceeds will fund lithium exploration in Northern Nevada and working capital.

                      3. Decade Resources (TSXV:DEC)

                      Weekly gain: 77.78 percent
                      Market cap: C$13.84 million
                      Share price: C$0.08

                      Decade Resources is focused on advancing a portfolio of properties in the Golden Triangle region of BC, Canada.

                      Among its interests is a 55 percent stake in the Del Norte property located near Stewart, BC. The company acquired its share in the property from Teuton Resources (TSXV:TUO,OTCQB:TEUTF) via a January 2020 option deal.

                      Since that time, the company has executed the required C$4 million in exploration expenditures at Del Norte, and is now looking toward earning an additional 20 percent stake by bringing the property to commercial production.

                      Drilling at the site in 2024 led to the discovery of a new zone with assays of 6.59 grams per metric ton (g/t) gold and 946 g/t silver over 1 meter, located below the Kosciuszko zone.

                      The most recent update came on Tuesday, when Decade provided an overview of the property and laid out its exploration plans for 2026. The work would focus on several areas, including one 800 meters southwest of the Eagle’s Nest zone where a historic float sample returned values of 4,232.2 g/t silver and 13.59 g/t gold in 1994. Targets also include the 2024 discovery, and along strike from the Kosciuszko and Eagle’s Nest zones.

                      4. SouthGobi Resources (TSX:SGQ)

                      Weekly gain: 68.89 percent
                      Market cap: C$99.39 million
                      Share price: C$0.38

                      SouthGobi is a coal mining company with assets located in Southern Mongolia near the border with China.

                      Its flagship operation is the Ovoot Tolgoi coal mine, which consists of the Sunrise and Sunset pits and has been producing since 2008. SouthGobi holds permits to mine until 2037. The company also owns two additional properties in the region. The Soumber deposit is located 20 kilometers east of the Ovoot Tolgoi mine, meaning that any potential mining of Soumber could share Ovoot Tolgoi’s infrastructure. Its last property is the Zag Suuj deposit, located 150 kilometers east of Ovoot Tolgoi and 80 kilometers from the Mongolia-China Border.

                      The company has not released any news this past week.

                      5. Regency Silver (TSXV:RSMX)

                      Weekly gain: 65.38 percent
                      Market cap: C$19.16 million
                      Share price: C$0.215

                      Regency Silver is an exploration company focused on its Dios Padre precious metals and copper property in Sonora, Mexico. The site comprises three concessions covering a total area of 728 hectares and was acquired through a 2017 earn-in agreement with Minera Pena Blanca. It hosts the historic Dios Padre silver mine.

                      A March 2023 technical report outlines an inferred resource of 1.38 million metric tons of ore containing 10.15 million ounces of silver with an average grade of 228 g/t, plus 14,294 ounces of gold with an average grade of 0.32 g/t.

                      The most recent update from the project came on Thursday, when Regency announced a 225 meter step-out extension from the previous drilling. The company said it encountered sulfide-specularite supported breccia across a broad, non-continuous interval of 240 meters. While it has not received analytical results, it compared the breccia to that found in multiple other holes at the site, including one in which a 35.8 meter intersection returned grades of 6.84 g/t gold, 0.88 percent copper and 21.82 g/t silver. The news coincides with near-record-high gold and silver prices.

                      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.

                      Top 5 Canadian Mining Stocks This Week: St. Augustine Rises 67 Percent on Private Placement

                      Top 5 Canadian Mining Stocks This Week: St. Augustine Rises 67 Percent on Private Placement

                      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

                      Keep Reading
                      Investing

                      Providence Gold Mines Inc. La Dama de Oro Gold & Financing Update

                      Investing 3 Mins Read

                      (TheNewswire)

                       

                      VANCOUVER, January 9, 2026 TheNewswire – Providence Gold Mines Inc. (TSX-V: PHD) (‘Providence’ or the ‘Company’) The Company wishes that all our shareholders have had a wonderful Holiday Season and prosperity for the New Year.

                      With the holiday season ending, the Company is pleased to announce that during the holidays significant road work was completed to repair the La Dama de Oro  property access road. The damage occurred during the recent flooding reported in southern California.

                      In addition to the financing announcement reported on December 11,2025, the Company, subject to regulatory approval, announces an increase of the Private Placement to $150,000 and a 30-day extension.

                      Use of proceeds:

                      Proceeds from the private placement will be used for general administration and for sampling activities to assess mineralization potential at the La Dama de Oro project. The Company intends to proceed immediately with work related to the permitted 1,000-ton bulk sample.

                           Private Placement

                      The Private Placement is for of up to 3,000,000 units at a price of $0.05 per unit, for gross proceeds of up to $150,000. Each unit will consist of:

                      • one common share; and
                         

                      • one full, non-transferable warrant exercisable at $0.05 for a period of two years from the date of issue. 

                       

                       For more information, please contact Ronald Coombes, President, and CEO of the Company.

                       

                          Ronald A. Coombes, President & CEO

                          Phone: 604 724 2369

                          roombesresources@gmail.com.com

                       

                            CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

                       

                      Neither the OTCQB and or the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

                      All statements, trend analysis and other information contained in this press release relative to markets about anticipated future events or results constitute forward-looking statements. All statements, other than statements of historical fact, included herein, including, without limitation, statements relating to the permitting process, future production of Providence Gold Mines, budget and timing estimates, the Company’s working capital and financing opportunities and statements regarding the exploration and mineralization potential of the Company’s properties, are forward-looking statements. Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward- looking statements. Important factors that could cause actual results to differ materially from Providence Gold Mines expectations include fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; the need for cooperation of government agencies and native groups in the exploration and development of properties and the issuance of required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs and uncertainty of meeting anticipated program milestones; and uncertainty as to timely availability of permits and other governmental approvals. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. Providence Gold Mines does not undertake any obligation to update forward-looking statements except as required by applicable securities laws. Investors should not place undue reliance on forward-looking statement

                      Copyright (c) 2026 TheNewswire – All rights reserved.

                      News Provided by TheNewsWire via QuoteMedia

                      This post appeared first on investingnews.com

                      Keep Reading