Senate Republicans appear to be closing in on a plan to counter Senate Democrats’ proposal to extend expiring Obamacare subsidies as a vote on credits at the end of the week draws closer.
Senate Health, Education, Labor and Pensions chair Bill Cassidy, R-La., and Senate Finance Committee Chair Mike Crapo, R-Idaho, unveiled their proposal to tackle the Obamacare issue that would abandon the subsidies for Healthcare Savings Accounts (HSAs).
The lawmakers have been leading Senate Republicans’ planning for a counter-proposal to Senate Minority Leader Chuck Schumer, D-N.Y., and Senate Democrats’ legislation, which would extend the Biden-era subsidies for three years.
Cassidy and Crapo pitched the legislation as ‘an alternative to Democrats’ temporary COVID bonuses, which send billions of tax dollars to giant insurance companies without lowering insurance premiums.’
The long-awaited proposal would funnel the subsidy money directly to HSAs rather than to insurance companies, an idea that has the backing of President Donald Trump and is largely popular among Senate Republicans.
‘Instead of 100% of this money going to insurance companies, let’s give it to patients. By giving them an account that they control, we give them the power,’ Cassidy said in a statement. ‘We make health care affordable again.’
Crapo contended that the legislation would build off of Trump’s marquee legislative package, the ‘big beautiful bill,’ from earlier this year and would ‘help Americans manage the rising cost of health care without driving costs even higher.’
‘Giving billions of taxpayer dollars to insurers is not working to reduce health insurance premiums for patients,’ he said in a statement.
Whether the bill gets a vote in the upper chamber this week remains in the air, given the growing number of Obamacare subsidy plans floated by Senate Republicans. But Senate Majority Leader John Thune, R-S.D., signaled that he thought their plan could work.
‘It represents an approach that actually does something on affordability and lowers costs,’ Thune said.
‘But there are other ideas out there, as you know, but I think if there is going to be some meeting of minds on this, it is going to require that Democrats sort of come off a position they know is an untenable one, and sit down in a serious way,’ he continued.
Cassidy and Crapo’s plan would seed HSAs with $1,000 for people ages 18 to 49 and $1,500 for those 50 to 65 for people earning up to 700% of the poverty level. In order to get the pre-funded HSA, people would have to buy a bronze or catastrophic plan on an Obamacare exchange.
The legislation also ticks off several demands from Senate Republicans in their back and forth with Senate Democrats over the subsidies that are unlikely to gain any favor from Schumer and his caucus.
Shortly after the legislation was unveiled, Schumer charged in a post on X that ‘Republicans are nowhere on healthcare, and the clock is ticking.’
Included in Cassidy and Crapo’s bill are provisions reducing federal Medicaid funding to states that cover undocumented immigrants, Requirements that states verify citizenship or eligible immigration status before someone can get Medicaid, a ban on federal Medicaid funding for gender transition services and nixing those services from ‘essential health benefits’ for ACA exchange plans, and inclusion Hyde Amendment provisions to prevent taxpayer dollars from funding abortions through the new HSAs.
Senate Republicans are expected to discuss the several options on the table, including newly-released plans from Sens. Susan Collins, R-Maine, and Bernie Moreno, R-Ohio, and Sen. Roger Marshall, R-Kan., respectively, during their closed-door conference meeting Tuesday afternoon.
When asked if there could be a compromise solution found among the proposals, Cassidy said, ‘That’s going to be the will of the conference, if you will.’
Republican Rep. Marjorie Taylor Greene of Georgia announced Tuesday that she intends to vote against the proposed fiscal year 2026 National Defense Authorization Act, saying the legislation spends too much taxpayer money on foreign priorities.
Greene said in a post on X that the NDAA is ‘filled with American’s hard earned tax dollars used to fund foreign aid and foreign country’s wars.’
Greene pointed to the rising national debt, which, according to fiscaldata.treasury.gov, is more than $38.39 trillion.
‘These American People are $38 Trillion in debt, suffering from an affordability crisis, on the verge of a healthcare crisis, and credit card debt is at an all time high. Funding foreign aid and foreign wars is America Last and is beyond excuse anymore. I would love to fund our military but refuse to support foreign aid and foreign militaries and foreign wars. I am here and will be voting NO,’ Greene declared in her post.
But House Speaker Mike Johnson has praised the proposed NDAA.
‘This year’s National Defense Authorization Act helps advance President Trump and Republicans’ Peace Through Strength Agenda by codifying 15 of President Trump’s executive orders, ending woke ideology at the Pentagon, securing the border, revitalizing the defense industrial base, and restoring the warrior ethos,’ Johnson said in part of a lengthy statement.
Greene plans to leave office early next month, in the middle of her two-year term.
After 2025’s volatile end, 2026 is poised to be a watershed moment for the cryptocurrency sector, marking a transition from a speculative asset class to essential global financial infrastructure.
Further regulatory clarity, artificial intelligence (AI) integration, real-world asset (RWA) tokenization and sustained institutional inflows could propel DeFi and crypto markets in 2026. According to experts, this is no longer a conversation about crypto versus TradFi; it’s about a hybrid financial system where digital assets are simply better tools.
Crypto market maturity and resilience
According to Elkaleh, Bitcoin’s resilience during its recent pullback, which brought a 37 percent drawdown from its October all-time high, was telling. While such severity was surprising, he observed that long-term holders and institutions continued to accumulate rather than unwind exposure, which he sees as an indicator of health.
“Q4 was defined by a major leverage reset, with BTC’s sharp pullback forcing a broader reassessment of risk,” he said.
At the time of this writing, analysts were split on where Bitcoin could go next. A further crash risk lingers if the US Federal Reserve delays interest rate cuts; however, a post-purge rally to US$135,000 to US$150,000 is in sight mid-year if institutions return, exchange-traded fund (ETF) flows flip positive and futures premiums stabilize above 5 percent.
As Bitcoin dropped, Elkaleh observed other segments of the market tied to practical use cases and diversification strategies — such as privacy assets, decentralized AI and stablecoin ecosystems — weather the storm.
“The market (has shown) growing maturity: capital and developer attention shifted toward utility-driven sectors such as tokenization, stablecoins and real-world integrations.”
Tokenization: The on-chain first institutional default
Mersch sees tokenization accelerating in 2026, eventually becoming the default for new institutional financial products.
He sees the foundation of this shift being built, with tokenized treasuries and money-market funds serving as a core yield sleeve for institutional investors who demand liquidity, standardized reporting and programmable settlement.
“If current growth holds, tokenized assets could be a multi-trillion dollar market by 2030, with government bonds and cash-like instruments as the anchor,” he said. “Over the next five years, the key shift is likely that new institutional products are designed as on-chain first, and only secondarily wrapped in legacy wrappers.”
He anticipates that stablecoins will be solidified as the liquidity backbone for a growing tokenized market, acting as the new cash layer. The most likely end state, according to Mersch, will be a hybrid digital cash stack, where bank-issued stablecoins, private stablecoins and central bank digital currenciesco-exist and interoperate.
Mersch predicts that tokenized real estate and private credit will now start to see expansion.
For real estate, tokenization converts a traditionally illiquid market into tradable, divisible assets, lowering the barrier to entry for global investors and providing recurring revenue streams.
Rupena, whose company, Milo, pioneered the crypto-backed mortgage, asserts that lenders will be expected to recognize digital assets as a core part of a client’s real balance sheet, just like cash or securities.
Elkaleh also expects to see strong expansion in RWA tokenization in 2026, alongside stablecoin-based payouts and small-business payment rails. “The most accelerated growth will occur in emerging markets, where mobile-first users turn to crypto as a practical financial alternative,” he wrote in an email.
“The rise of RWA markets, L2 scalability and more accessible DeFi will allow onchain credit and savings to scale meaningfully. Combined with steady institutional inflows, these economies will become the strongest demand engines of 2026, driving both user growth and real economic activity onchain.”
DeFi: An institutional derivatives and credit layer
The final pillar of the 2026 crypto outlook is the maturation of DeFi. Mersch asserted that DeFi is poised to emerge as a compliance-ready core platform for credit and risk management in 2026.
Rupena noted that market ups and downs are expected in the digital asset ecosystem, and that conservative LTVs, real-time monitoring and clear margining frameworks are designed to cope with volatility.
“Lower forced liquidation activity, even during big market moves, is a very healthy signal,” he explained, adding that customers are purposely keeping collateral cushions so they can stay calm during market swings.
This focus on prudence and durability validates the market’s readiness for institutional-grade credit and risk products.
“If successful, this creates a liquid, 24/7 derivatives layer that sits on top of both tokenized and traditional markets,” Mersch said. “By 2026 and beyond, the most interesting innovation may not be crypto versus TradFi, but portfolio and product designs that blend tokenized assets, stablecoin liquidity and DeFi-based synthetic exposure into a single stack.”
This institutional leap is fundamentally enabled by regulatory clarity.
“You can already see this through partnerships like Coinbase (NASDAQ:COIN) with Circle Internet Group (NYSE:CRCL) and Morpho (TSE:3653), where yield is embedded at the platform level without requiring users to interact directly with on-chain protocols. Regulation will accelerate that model,’ he added.
Elkaleh noted that clearer rules will allow users to adopt on-chain tools for cross-border payments, tokenized savings and AI-driven bill pay with the same confidence they have in regulated fintech apps. He expects the most transformational impact will come from next-generation L2 scalability paired with AI-agent execution.
“These shifts will bring down transaction costs, compress settlement times, and enable autonomous payments, subscriptions and cross-chain operations,” the expert explained.
“We also expect prediction-market aggregation to emerge as a breakout consumer interface and RWA perpetuals to bring macro assets, including commodities, credit and inflation onchain through synthetic markets. These developments collectively move crypto into a more comprehensive, high-velocity financial system.”
Upcoming crypto market catalysts
The pivot to a hybrid financial system will be driven by several concurrent catalysts.
The US Market Structure Bill is targeted for a Senate floor vote in early 2026, aiming to create the first federal framework for digital assets. North of the border, Canada’s Stablecoin Act, which provides C$10 million for Bank of Canada oversight starting in 2026, signals official endorsement of the digital cash layer.
Globally, the Basel Committee on Banking Supervision is set to implement new capital standards for banks’ crypto exposures, crucial for encouraging institutional momentum, by January 1, 2026.
The technological engine supporting this adoption is fueled by scalability and intelligence.
On the blockchain side, Ethereum’s aggressive roadmap, including the Glamsterdam upgrade targeted for 2026, continues to refine Layer-2 (L2) systems. This focus on L2 efficiency, combined with the integration of AI agent execution, is key for supporting the millions of transactions needed for a comprehensive, high-velocity financial system.
Investor takeaway
In 2026, the crypto market is set to deliver meaningful gains and stable, sustained growth as this new, highly efficient, and globally interoperable financial system moves from the laboratory into production scale.
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
Here’s a quick recap of the crypto landscape for Monday (December 8) as of 9:00 p.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$90,672.01, down by 0.9 percent over 24 hours.
Bitcoin price performance, December 8, 2025.
Chart via TradingView.
Cryptocurrencies traded choppily, but were ultimately directionless over the weekend.
Bitcoin briefly slipped toward the high US$87,000s on Sunday (December 7) ahead of this week’s US Federal Reserve meeting, with both short and long positions liquidated.
Markets are pricing in a 25 basis point interest rate cut from the Fed on Wednesday (December 10), but labor weakness and sticky inflation will make Chair Jerome Powell’s tone pivotal.
Linh Tran, senior market analyst at XS.com, believes Bitcoin “will likely continue oscillating within the US$84,000 to US$100,000 range until the Fed delivers a clear message,” adding that a 0.25 percentage point cut and dovish signals “would be favorable for risk assets, particularly Bitcoin,” while a hawkish stance risks downward pressure.
On Monday, Bitcoin briefly traded at around US$92,000, but failed to retest US$92,000 to US$93,500 resistance, dropping below US$90,000 as the US market opened.
Crypto analyst Daan Crypto Trades said bulls must defend the 0.382 Fibonacci retracement zone, which serves as a key area of support and resistance during market cycles. Failure to do so could result in a fall to April lows. Fellow analyst van de Poppe is eyeing US$86,000 as key support before potential lows retest.
Liquidity stayed thin, and derivatives positioning showed waning momentum rather than clear trend conviction, setting up a cautious, data‑dependent start to the new week.
Last week, US spot Bitcoin exchange-traded funds (ETFs) experienced net outflows of US$87.77 million, while spot Ether ETFs recorded US$65.59 million in outflows.
Cycle data mirroring 2022’s market suggests Bitcoin’s long-term bottom is in or imminent, according to investment manager Timothy Peterson. Derivatives data analyzed by CryptoQuant indicates trader apathy, signaled by low OI and leverage, paving the way for a potential rally.
Ether (ETH) is currently priced at US$3,129.54, down 0.4 percent over 24 hours.
Altcoin price update
XRP (XRP) was priced at US$2.09, a decrease of 0.2 percent over 24 hours.
Solana (SOL) was trading at US$134.23, down by 1.3 percent over 24 hours.
Crypto derivatives and market indicators
Bitcoin futures open interest rose 0.53 percent to US$58.18 billion in the last four hours of trading, alongside US$4.88 million in liquidations that hit mostly long positions, while Ether open interest climbed 0.49 percent to US$37.84 billion, with US$8.76 million liquidated.
Bitcoin’s relative strength index sits neutral at 51.67 with a mildly negative funding rate of -0.001 percent, signaling balanced momentum and slight short bias, whereas Ether’s positive 0.006 percent funding rate points to lingering long interest despite the downside pressure.
These metrics reflect cautious positioning amid recent Bitcoin consolidation, with rising open interest indicating fresh capital entering despite liquidation flushes that targeted longs more aggressively. The neutral-to-bearish Bitcoin funding and RSI suggest limited upside conviction short-term, potentially capping rallies until macro catalysts provide direction, while Ether’s funding tilt hints at relative resilience in alt positioning.
Today’s crypto news to know
StableChain launches mainnet
StableChain has launched its mainnet, introducing USDT as the gas fee token alongside a new dedicated governance token for network participants.
Tether’s USDT regulatory win
Tether’s USDT stablecoin received key regulatory status in Abu Dhabi, enhancing its legitimacy for institutional use.
BlackRock files for staked Ether ETF
BlackRock filed to list a staked Ether ETF, signaling growing institutional appetite for Ether-based yield products.
SEC closes Ondo probe
The US Securities and Exchange Commission (SEC) ended its investigation into tokenized equity platform Ondo Finance, clearing a major regulatory hurdle.
Strategy boosts BTC holdings
Strategy’s (NASDAQ:MSTR) Bitcoin treasury has surpassed 660,000 BTC after a US$962 million purchase, underscoring aggressive accumulation by major players.
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
A new wave of public polling and media coverage suggests that the Trump administration’s claim that “there is no affordability crisis” is increasingly being rejected by American households.
Recent reporting shows rising public skepticism toward assertions that prices are stabilizing or falling. Donald Trump has repeatedly dismissed cost-of-living concerns as a “Democrat hoax” or a “con job,” yet consumer frustration over housing, energy, food, health care, and insurance remains widespread. Even as the administration insists that purchasing power has improved, most voters report that everyday necessities remain far more expensive than just a few years ago, undercutting the official narrative and widening the credibility gap between political messaging and lived reality. Prices have risen, broadly, since the 2024 election.
CPI Food, Energy, Core, and Electricity, November 2024 – September 2025
(Source: Bloomberg Finance, LP)
Prices are of course much higher than they were prior to the pandemic, and although the annual rate of inflation may have slowed, cumulative price levels are dramatically above pre-2020 norms. Housing, insurance, utilities, groceries, and many categories of durable goods remain far out of line with historical purchasing-power trends. The relevant measure for households is not the year-over-year inflation rate, but whether wages have kept pace with total price increases. Real affordability depends on the relationship between prices and incomes, not simply the direction of inflation. Even official wage and income measures continue to lag cumulative inflation since early 2021, which means that the broad affordability problem has not meaningfully eased.
Economic lags matter — a core principle of sound economics, and especially the free market tradition. Policy interventions, whether fiscal or monetary, operate with considerable delays. The enormous fiscal expansion of 2020 to 2021, combined with extraordinary Federal Reserve accommodation and unprecedented money supply growth, produced predictable consequences with the customary lag. Prices have been rising for years, and the cumulative effect is still visible today. Supply shocks, monetary excess, and regulatory distortions do not disappear overnight.
Indeed, the Federal Reserve’s tightening campaign has so far merely slowed additional damage; it has not undone the prior shocks. Historically, disinflation produces a difficult adjustment process: credit tightens, asset prices reprice, real household incomes lag, and consumption patterns shift. This stage is inherently unpopular, but unavoidable. Instead of acknowledging that households are in this difficult transition, the administration has attempted to leap over the adjustment period with rhetoric, insisting that prices are already headed down and affordability restored. Yet Americans still confront elevated grocery prices, historically high mortgage rates, persistent insurance premium increases, and costly medical bills. When government asserts improvement while households experience strain, voters believe their wallets rather than the White House.
In recent months, Trump has repeatedly asserted that inflation has already been brought under control since he returned to office. In October 2025 he said that the Federal Reserve had cut rates and declared that “inflation has been defeated.” In a November 10 White House statement titled “NEW DATA: Lower Prices, Bigger Paychecks,” the administration claimed that Trump’s economic agenda was “delivering real results,” including tamed inflation, falling everyday prices, and rising wages. In an interview aired on November 11, Trump said that “costs are way down across the board,” emphasizing lower gasoline and interest rates, and at a McDonald’s–themed public appearance he again claimed that gas prices were “way down” and that prices generally were “coming down” under his administration. More broadly, recent White House messaging and Trump’s campaign-style remarks have described his first year back in office as producing “lower prices” and improved affordability for American families.
Yet the underlying data tell a very different story — one that American consumers immediately recognize. Prices continue to rise across most major categories and remain substantially above the Federal Reserve’s inflation target. Wages have increased more slowly than prices over the past several years, meaning real purchasing power remains depressed relative to pre-pandemic conditions. A few categories — notably gasoline in 2025 — have indeed declined. But most have not. The pattern bears a striking resemblance to Joe Biden’s widely discredited claim that inflation was “over nine percent” when he took office: a political narrative at odds with statistical reality.
Between January 2017 and December 2020, the CPI-U rose about 7.3 percent, food about 8.7 percent, and the All Items Less Food and Energy index about 7.7 percent. Energy was essentially flat. Wages rose at roughly similar rates. Affordability pressures were building, but the alignment of wages and prices meant that a sustained affordability crisis had not yet emerged.
The picture changes dramatically starting in early 2021. From January 2021 through December 2024, the CPI-U rose nearly 21 percent, the Food index climbed more than 23 percent, and the All Items Less Food and Energy index gained roughly 19 percent. Energy prices rose more than 30 percent. Meanwhile, wage growth was substantially weaker; generally in the mid- to high-teens over the period. Depending on the specific wage measure, incomes were flat or negative to price increases through most of 2021 to 2023 and only slightly positive in late 2024. The divergence marks the beginning of the affordability crisis: prices outran wages, and they have continued doing so.
Early 2025 data confirm a continuing affordability squeeze. From January to September 2025, the All Items CPI rose about 2.2 percent, food about 2.1 percent, energy nearly 4 percent, and core indices about 2.2 percent. Nominal wages rose only modestly, and real gains were minimal. The affordability problem did not end with the turn of the calendar or the election; it persists as long as cumulative price increases outstrip wage gains. Moderating inflation only slows the rate at which affordability erodes; it does not undo the erosion already suffered.
CPI All Items, Food, Energy, and Core, 2021 – present
(Source: Bloomberg Finance, LP)
Electricity costs have risen relentlessly, climbing from an index level of about 215 in early 2021 to roughly 277 by the end of 2024, and advancing further into the mid-290s in 2025 — an almost uninterrupted increase that underscores how even essential utilities remain substantially more expensive than before the affordability crisis began.
The same pattern holds in individual food categories. Sirloin steak, coffee, beef cuts, and many packaged goods are all measurably higher now than in January 2025. A few categories have fallen from recent peaks, but not enough to reverse the cumulative increases since 2021. In fact, several items rose more in the first nine months of 2025 than during the entire 2021 to 2024 period. This suggests not only that elevated prices remain embedded in household budgets, but that some categories continue to accelerate even after “high inflation” has supposedly ended. Put plainly, the affordability crisis that began in 2021 has not faded; it has evolved into a stubborn, category-specific price pressure affecting everyday goods.
Tariffs are a component of the affordability problem: rather than removing the cost-raising policies of prior years, the administration has expanded them, even though tariffs are taxes that raise input prices, distort supply chains, and weaken competitive discipline — all of which generate costs ultimately borne by producers and consumers alike.
Insisting there is no affordability crisis while simultaneously increasing import costs is analytically incoherent, especially when many of the underlying pressures — monetary excesses, pandemic distortions, and longstanding regulatory barriers — predate Trump’s return to office. Instead of denying these strains, the administration could acknowledge them and credibly explain their origins while advancing market-oriented solutions: expanding competition, removing regulatory bottlenecks, and eliminating tariffs, which would quickly relieve price pressures and reduce costs economy-wide.
The irony is that the administration could, but for inexplicable intransigence, actually win this issue. By recognizing the affordability crisis and offering market-oriented remedies, it could restore credibility and articulate a coherent economic vision. Instead, by taking the precise tacticthat its predecessor didand attempting to evadeand mislead citizens, it forfeits the strongest argument available: yes, there is an ongoing affordability crisis; it did not start under the current administration, but it continues; it partially owes to policy lags, and partially to interference with trade (as the administration has already conceded); and truly free-market reforms are the only lasting way out. By denying what Americans plainly experience, the administration turns a solvable economic challenge into a major political liability while leaving households to absorb costs that sound policy could meaningfully reduce.
Vancouver, British Columbia, December 8, 2025 TheNewswire – Prismo Metals Inc. (‘ Prismo ‘ or the ‘ Company ‘) (CSE: PRIZ,OTC:PMOMF) (OTCQB: PMOMF) is pleased to announce that it has continued out of the jurisdiction of Canada under the Canada Business Corporations Act into the provincial jurisdiction of British Columbia under the Business Corporations Act (British Columbia) (the ‘ BCBCA ‘). Shareholders approved the continuance at the Company’s annual general and special meeting of shareholders held on October 2, 2025.
In connection with the continuance, the Company has replaced its articles and bylaws with new notice of articles and articles, respectively, under the BCBCA. The CUSIP / ISIN numbers for the Company’s common shares and the stock symbol for the Company’s common shares remain unchanged.
About Prismo Metals Inc.
Prismo (CSE: PRIZ,OTC:PMOMF) is mining exploration company focused on advancing its Silver King, Ripsey and Hot Breccia projects in Arizona and its Palos Verdes silver project in Mexico.
Please follow @ PrismoMetals on , , , Instagram , and
Prismo Metals Inc.
1100 – 1111 Melville St., Vancouver, British Columbia V6E 3V6
Gordon Aldcorn, President gordon.aldcorn@prismometals.com
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Copyright (c) 2025 TheNewswire – All rights reserved.
The gold price rose to repeated record highs in 2025, gaining more than 57 percent in value from the start of the year.
The increase was fueled by several factors, including safe-haven demand led by economic uncertainty as US tariffs, interest rate cuts from the US Federal Reserve as well as the longest government shutdown in United States history.
The gold bull market has been a boon for gold producers following several years of increasing costs and smaller margins, and has also lifted gold exploration and development companies.
Orvana Minerals is a gold producer with multiple mines, including the Orovalle operation in Northern Spain, which hosts the El Valle Boinás and Carlés mines, as well as the Don Mario operation in Bolivia. Don Mario is on care and maintenance, but Orvana is advancing a plant expansion to process oxide stockpiles at the site. It is also working the Taguas property in Argentina.
After starting the year at C$0.24, Orvana’s stock value had more than doubled by April 11 to C$0.51. In February, the company released its fiscal Q1 financials, including updates for its properties. Highlights included the start of construction on its Don Mario plant expansion, which it expected to complete by the end of 2025, and work on updating the geological model for the Taguas property.
After trading in a narrow range for much of the next two quarters, shares of Orvana climbed more than 200 percent in Q4, reaching a year-to-date high of C$2.06 on November 26.
This followed a series of positive news flow beginning with the company’s October 16 release of its fiscal year Q4 2025 report, which sent its stock price up to C$1.42 per share.
The report included gold production of 35,705 gold equivalent ounces and exploration results from the brownfield program at its Orovalle operation’s El Valle Boinás mine. The company also ramped up production at the operation’s Carlés mine during the quarter.
Orvana’s November 6 news concerned a US$25 million secured prepayment facility and a copper offtake agreement with Trafigura for production from Don Mario. Shares shot to US$1.80 by November 12.
Orvana’s year-to-date high came after its news release on November 26 announcing that it expects to start field work at Taguas in January 2026 and the phased restart at Don Mario will reach full commercial production by April 2026, with its gold-silver circuit commencing in mid-December 2025.
Gold producer Andean Precious Metals owns the San Bartolome processing facility in Potosí, Bolivia, and the Golden Queen mine in Kern County, California, US.
Shares in Andean grew by 34 percent in the first quarter to end the period at C$1.61. In March, the company shared its 2024 production and financial results, which included record revenues and adjusted EBITDA for the year at US$254 million and US$62.9 million, respectively, as well as consolidated gold equivalent production of 106,287 ounces.
Andean also secured purchase agreements for up to 100,000 dry metric tons of oxide material from the Trapiche mining concession in Bolivia as feedstock for San Bartolome.
In the second quarter, Andean’s stock jumped 78 percent to C$2.87 per share. This came as the company reported another record quarter on May 6 with Q1 revenues at US$62 million and adjusted EBITDA of US$22 million. On June 2, Andean made another offtake deal, this time for up to 7 million metric tons of oxide ore over a 10 year period from COMIBOL, a Bolivian state-owned mining company.
Andean’s biggest growth came in the third quarter when its share price gained 189 percent to C$8.30 per share. In mid-July, the company said it was on track to reach its 2025 production targets, and the following month it announced Q2 financials, with further record revenues of US$73.7 million.
Shares of Andean Precious Metals reached a year-to-date high of C$8.83 on October 1.
Its Q3 financials on November 11 continued the upward trend with record revenues of US$90.4 million and a record adjusted EBITDA of US$36 million.
Troilus Gold is advancing its Troilus copper-gold project in Northern Québec, Canada. The project is situated within the region covered by Plan Nord, a 25 year, C$80 billion development initiative focused on mining launched by the Québec government.
A May 2024 feasibility study for Troilus reveals a post-tax net present value of US$884.5 million, an internal rate of return of 14 percent and a payback period of 5.7 years based on a gold price of US$1,975 per ounce.
The included mineral resource estimate reports a probable mineral reserve of 6.02 million ounces of gold from 380 million metric tons of ore at an average grade of 0.49 grams per metric ton (g/t) gold. Troilus also hosts probable copper and silver reserves of 484 million pounds and 12.15 million ounces, respectively.
Troilus has spent much of 2025 raising funds for the project’s development.
The most significant came on March 13, when the company executed a mandate letter for a non-binding term sheet to arrange a debt financing package of up to US$700 million. The package is underpinned by four letters of intent from global export credit agencies in late 2024 for up to US$1.3 billion in combined potential financing.
On June 18, the company entered into an offtake agreement for gold-copper concentrate with German smelting company Aurubis (OTC Pink:AIAGF,XETRA:NDA), and the two companies signed a memorandum of agreement on August 26, establishing terms for the long-term offtake deal. On July 10, Troilus entered into another commercial offtake agreement for copper and gold concentrates, this time with global metals company Boliden.
According to Troilus, these offtake agreements will be executed in connection with the previously announced US$700 million in debt financing, which it later upsized to US$1 billion in November.
Shares of Troilus grew by more than 91 percent in the third quarter, and its gains continued into Q4, reaching a year-to-date high of C$1.66 on October 15. That day, the company shared a progress report, stating it was on schedule for a construction decision in 2026.
At the Xplor 2025 conference in late October, Troilus was awarded Entrepreneur of the Year by the Québec Mineral Exploration Association for its progress at the project.
Euro Sun Mining is a development-stage company advancing its Rovina Valley copper-gold project in Romania. The project’s mining license received full approval for 20 years in 2018, with the option to renew it in five year increments.
An updated feasibility study from March 2022 shows a post-tax net present value of US$512 million and an internal rate of return of 20.5 percent, assuming a base case gold price of US$1,675 and a copper price of US$3.75 per pound.
In November 2025, Euro Sun released an updated definitive feasibility study that improved the economics, now showing a post-tax net present value of US$1.47 billion, with a pre-tax internal rate of return of 35.6 percent, based on a US$4.50 per pound copper price and US$3,300 per ounce gold price.
Proven and probable mineral reserve estimates for the site include 1.84 million ounces of gold and 197,522 metric tons of copper from 123.3 million metric tons of ore with an average grade of 0.47 g/t gold and 0.16 percent copper.
Shares of Euro Sun jumped nearly 125 percent in the first quarter of the year to C$0.09 per share, around the same time as a March 25 announcement that the EU had included Rovina Valley on its first list of strategic assets. The inclusion, which Euro Sun applied for in May 2024, will enable the company to expedite permitting at Rovina Valley and shorten the development timeline.
On May 7, Euro Sun reported it met with Romania’s environment minister to discuss the advancement of the project. Both parties agreed that a single point of contact was needed to ensure compliance and fulfill requirements under the CRMA framework. The company plans to submit an updated environmental act in the near future.
On June 20, Euro Sun signed a copper concentrate prepayment facility for up to US$200 million with private metals trader Trafigura, with the funding going toward permitting and investment to advance Rovina over the next 18 months. Euro Sun’s stock climbed another 55 percent in the second quarter to C$0.14 per share.
Then, on July 11, the companies entered into a definitive pre-development facility agreement, with Trafigura making a facility of up to US$2.5 million available to Euro Sun for general corporate purposes while negotiating the terms of the US$200 million prepayment facility. Euro Sun and Trafigura also agreed to a binding offtake agreement for up to 100 percent of commercial production for nine years or until a specified quantity of metals is delivered.
Shares of Euro Sun reached a year-to-date high of C$0.24 on November 18, following the release of the company’s updated definitive feasibility study for its Rovina Valley project.
Talisker Resources is a gold exploration and development company focused on advancing its flagship Bralorne gold project in British Columbia, Canada, towards production from the Mustang underground mine.
The brownfield project consists of the historic Bralorne mine complex, which hosts three past-producing mines: Bralorne, Pioneer and King. Throughout their lifetimes, these mines produced 4.2 million ounces of gold, but operations were halted in 1971 due to low gold prices.
A January 2023 resource estimate outlines an indicated resource of 33,000 ounces of gold from 117,000 metric tons of ore with an average grade of 8.9 g/t gold, along with an inferred resource of 1.63 million ounces from 8 million metric tons of ore at 6.3 g/t.
On January 8, Talisker announced that its 2025 Mustang mine plan had been reviewed by inspectors from the BC Ministry of Mines and Critical Minerals, and on February 11, the company indicated that early stage work at the site was on schedule. Further updates throughout the first and second quarters indicated that development was continuing, noting the blasting of a diamond drill bay on March 26 and lateral development toward the Alhambra vein on April 9.
Shares in Talisker spiked more than 90 percent to C$0.61 per share over the first quarter.
On July 30, Talisker reported that it had entered into three definitive agreements with metals trader Ocean Partners, including two sales agreements, under which Ocean Partners will buy 100 percent of gravity and sulfide gold concentrates produced under Talisker’s current milling agreement. The third agreement makes Ocean Partners the exclusive agent for end-to-end transport of concentrates from the mill to international buyers.
Talisker announced it completed its first sale on September 8, selling 707 ounces of gold from Bralorne for US$2.3 million. The company stated that the sale marked a key milestone.
On November 10, the company accelerated the ore purchase agreement with Ocean Partners to now begin shipping in January 2026, and that it was seeking to amend its production permit to ramp up its milling capacity from 175 to 1,500 metric tons per day.
Talisker’s share price soared by 234 percent in the third quarter, and continued higher to a year-to-date high of C$1.71 on October 7.
Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.
Centurion Minerals Ltd. (TSXV: CTN) (‘Centurion’, or the ‘Company’) wishes to announce that, further to its news releases dated October 22, 2025, and November 14, 2025, the Company intends to extend the closing of a second tranche of its non-brokered private placement.
The Company announced a first tranche closing of $207,500 on November 14 and it wishes to clarify that the finders’ warrants associated with the financing are non-transferable and have the same exercise price and expiry date as the subscribers warrants.
Each unit priced at $0.05 is comprised of one common share in the capital of the Company and one common share purchase warrant. Each warrant is exercisable into a common share for a period of 36 months at an exercise price of $0.08.
The financing is subject to final acceptance by the TSX Venture Exchange.
About Centurion Minerals Ltd.
Centurion Minerals Ltd. is a Canadian-based company with a focus on precious mineral asset exploration and development in the Americas.
‘David G. Tafel’ CEO and Director
For Further Information Contact: David Tafel 604-484-2161
Neither 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.
Cautionary Statement Regarding Forward-Looking Information This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as ‘intends’ or ‘anticipates’, or variations of such words and phrases or statements that certain actions, events or results ‘may’, ‘could’, ‘should’, ‘would’ or ‘occur’. This information and these statements, referred to herein as ‘forward‐looking statements’, are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management’s expectations and intentions with respect to, among other things, the timing of Project approvals; the timing, terms and completion of any proposed private placement; the expected use of proceeds from the financing.
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/277342
Brightstar Resources (BTR:AU) has announced Sandstone exploration drilling returns 157m @ 1.13g/t Au