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Oil prices weakened in Q3 as global supply outpaced demand and inventories swelled.

Brent crude fell 1.7 percent to end the quarter at US$65.90 per barrel, while West Texas Intermediate dropped to US$62.33. Deloitte’s latest energy report attributes the decline to rising stockpiles and OPEC+’s early decision to unwind production cuts, adding 1.37 million barrels per day in October.

The US Energy Information Administration noted supply exceeded demand by 1.6 million barrels per day between May and August, pointing to continued stock builds ahead.

“OPEC+ discipline is still somewhat unpredictable — its production signals are becoming more tactical rather than structural,” Isaev wrote. “On the other hand, US shale is adjusting to price signals with a focus on capital restraint instead of just ramping up volume. LNG shipments to Europe and Japan are turning into geopolitical tools, not just simple commercial agreements.”

As for how that could affect energy stocks, he stated, ‘The advantage will go to those (companies) who can skillfully navigate this complexity, foresee critical turning points, and invest their capital with both accuracy and creativity.’

Despite the market volatility, the five top-performing oil and gas stocks on the TSX and TSXV have seen share price growth over Q3 2025. All year-to-date performance and share price data was obtained on October 9, 2025, using TradingView’s stock screener, and oil and gas companies with market caps above C$10 million at that time were considered.

1. Falcon Oil & Gas (TSXV:FO)

Year-to-date gain: 156.25 percent
Market cap: C$221.83 million
Share price: C$0.205

Falcon Oil & Gas is an international oil and gas company specializing in the exploration and development of unconventional oil and gas assets, with interests in assets in Australia, South Africa and Hungary.

The company has a 22.5 percent interest in the Beetaloo joint venture, with Tamboran Resources (NYSE:TBN,ASX:TBN) owning the remainder.

On September 30, Falcon announced it entered into a definitive agreement to be wholly acquired by joint venture partner Tamboran. The combination will create a company with roughly 2.9 million net prospective acres across Australia’s Beetaloo Basin and a projected market cap of US$500 million.

The deal is expected to close in Q1 2026.

Falcon’s share price spiked to a year-to-date high of C$0.21 on October 1.

2. Imperial Oil (TSX:IMO)

Year-to-date gain: 37.78 percent
Market cap: C$63.58 billion
Share price: C$123.56

Calgary-based Imperial Oil is a prominent Canadian energy company involved in the exploration, production, refining and marketing of petroleum products. With a history spanning over 140 years, Imperial operates diverse assets across Canada, including oil sands, conventional crude oil and natural gas assets.

In early August, Imperial released its Q2 2025 results, reporting net income of C$949 million, down from C$1.29 billion in Q1, as weaker upstream realizations and downstream margin capture weighed on results.

Despite lower earnings, the company posted its strongest Q2 upstream production in over three decades, averaging 427,000 barrels of oil equivalent (boe/d), led by record output at Kearl. Refinery capacity utilization averaged 87 percent amid major turnaround work

During the quarter, Imperial also launched Canada’s largest renewable diesel facility, located in Alberta, and returned C$367 million to shareholders through dividends.

Shares of Imperial climbed through much of Q2 and Q3, and reached a year-to-date high of C$130.94 on September 16.

3. Athabasca Oil (TSX:ATH)

Year-to-date gain: 30.91 percent
Market cap: C$3.49 billion
Share price: C$7.03

Athabasca Oil is focused on developing thermal and light oil assets within Alberta’s Western Canadian Sedimentary Basin. The company has established a substantial land base with high-quality resources. Its light oil operations are managed through its private subsidiary, Duvernay Energy, in which the company holds a 70 percent equity interest.

On July 24, Athabasca Oil reported its Q2 2025 results, highlighted by steady production and continued shareholder returns. The company produced an average of 39,088 boe/d, up 4 percent year-over-year. It generated C$127.6 million in adjusted funds flow during the quarter, down from C$165.75 in Q2 2024.

Capital spending totaled C$73 million, largely directed to expanding the company’s cornerstone Leismer project.

Additionally, Athabasca has repurchased 24 million shares year-to-date, reinforcing its “commitment to returning all thermal oil free cash flow to shareholders in 2025.” Its free cash flow from the segment totaled C$66 million in Q2.

A modest uptick in benchmark crude prices supported a stock bump for Athabasca Oil during the second week of October. Shares reached a year-to-date high of C$7.18 on October 8.

4. Parex Resources (TSX:PXT)

Year-to-date gain: 28.68 percent
Market cap: C$1.81 billion
Share price: C$18.80

Headquartered in Calgary, Parex Resources is a Colombia-focused oil and gas producer with six oil-producing assets and one non-operational asset.

Parex’s Q2 results, released on July 30, highlighted an average output rate of 42,542 boe/d, with July production rising to 44,450 boe/d. The company said it is on track to meet its full-year guidance of 43,000 to 47,000 boe/d.

Parex also announced a third quarter dividend of C$0.385 per share.

‘As we enter the second half of the year, strong near-field exploration results in the Southern Llanos, combined with the ramp-up in development drilling, are expected to drive a steady step-up in production through year-end,’ the company stated.

On October 1, the company shared a production update, reporting it averaged 44,000 boe/d in Q3.

Shares of Parex climbed throughout the Q3 to a year-to-date high of C$19.68 on September 25.

5. MEG Energy (TSX:MEG)

Year-to-date gain: 27.4 percent
Market cap: C$7.63 billion
Share price: C$30.50

MEG Energy is an energy company solely focused on in-situ thermal oil production in the southern Athabasca oil region of Alberta, Canada. Utilizing innovative enhanced oil recovery projects, including steam-assisted gravity drainage extraction methods, the company aims to increase oil recovery responsibly while reducing carbon emissions.

In May, Strathcona Resources (TSX:SCR) made an unsolicited C$4.1 billion offer for MEG, a move company executives at MEG quickly denounced. In a subsequent press release shared on June 16, MEG called the offer “inadequate, opportunistic, and NOT in the best interests of MEG or its shareholders.”

In mid-September MEG again urged shareholders to reject a revised offer from Strathcona and instead consider an August offer from Cenovus Energy (TSX:CVE).

On October 8, MEG announced that Cenovus increased its bid to C$8.6 billion, and again suggested shareholders accept the offer.

Following the increased bid, Shares of MEG rose to a year-to-date high of C$30.50 on October 9.

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

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Investing

Locksley Announces Major Advancement at Mojave as Structural Mapping Expands Scale of Antimony Target with a 400% Increase in Target Strike Length

Locksley Resources, Ltd. (ASX: LKY,OTC:LKYRF; OTCQX: LKYRYF) announced that recent structural mapping has significantly expanded the scale of its target mineralized corridor at the Desert Antimony Mine (DAM) Prospect. A new parallel structural target was also identified in this mapping, enhancing the potential for a larger mineralized system across multiple zones. Locksley believes this expanded target enhances Mojave’s position as a strategic U.S. critical minerals hub, aligned with accelerating domestic supply-chain initiatives. The structural geology mapping was completed late in the third calendar quarter of 2025. Additional details can be found here: https:cdn-api.markitdigital.comapiman-gatewayASXasx-research1.0file2924-03006166-6A1289419&v=undefined .

‘This second structural mapping program at our Mojave Project has markedly advanced our geological understanding of the project and confirmed the substantial exploration potential of this critical district,’ said Kerrie Matthews , Locksley Resources CEO. ‘The sixfold expansion of the Desert Antimony Mine (DAM) target horizon has fundamentally changed the scale of the opportunity, demonstrating the potential for a much larger mineralized system than originally contemplated. These outstanding results strongly validate our rapid exploration and development strategy.’

In addition to the expansion of Locksley’s antimony target, the mapping also identified several other key opportunities:

Regional mapping identified lamprophyre dykes, highlighting potential for additional critical mineral occurrences including carbonatites.
Mojave emerging as a district-scale critical minerals hub, strategically aligned with accelerating U.S. onshoring policies.
High grade silver assays up to 216 g/t Ag returned from Hendricks Prospect, alongside anomalous Zn, Pb and Cu, including a broader polymetallic system.

The company said that a third phase structural mapping program is expected to commence next month to continue building geological understanding of the project as well as identify new targets.

Locksley Resources ( https://www.locksleyresources.com.au ) is an Australian-based explorer focused on critical minerals and base metals, with assets in both the U.S. and Australia . The company is actively advancing its U.S. Asset, the Mojave Project, in California , targeting rare earths elements (REE) and antimony (The Desert Antimony Mine). The company also has a strategic collaboration with Rice University to develop DeepSolv for domestic processing of North American antimony. This agreement is a cornerstone of Locksley’s U.S. Critical Minerals and Energy Resilience Strategy to accelerate ‘mine-to-market’ deployment of antimony in the U.S.

Contact: Beverly Jedynak , beverly.jedynak@viriathus.com , 312-943-1123; 773-350-5793 (cell)

View original content: https://www.prnewswire.com/news-releases/locksley-announces-major-advancement-at-mojave-as-structural-mapping-expands-scale-of-antimony-target-with-a-400-increase-in-target-strike-length-302580390.html

SOURCE Locksley Resources

News Provided by PR Newswire via QuoteMedia

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Investing

Crypto Market Update: Altcoins Retreat as Bitcoin ETFs See US$2.7 Billion of Inflows

Here’s a quick recap of the crypto landscape for Friday (October 10) 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$121,578, down by 1.6 percent in 24 hours. The cryptocurrency’s lowest valuation of the day was US$119,967, and its highest was US$123,548.

Bitcoin price performance, October 10, 2025.

Chart via TradingView

Bitcoin may be trading near record highs, but one of its most respected on-chain indicators suggests the rally could still have significant room to run possibly as far as US$180,000.

The Mayer Multiple, a long-term metric that compares Bitcoin’s current price to its 200-week moving average, remains well below levels that have historically marked market tops.

“Bitcoin is at all-time highs and the Mayer Multiple is ice cold,” crypto analyst Frank Fetter wrote on X (formerly Twitter). According to Fetter, Bitcoin would need to climb to around US$180,000 before the indicator flashes “overbought” conditions, implying that the current cycle could still have room to expand.

The indicator’s historical context adds weight to that view. During Bitcoin’s 2017 and 2021 peaks, the Mayer Multiple surged well above 2.4, signaling excessive market exuberance before major corrections followed.

This time, the pattern looks different. The Multiple’s highest level in the current cycle—1.84 in March 2024, when Bitcoin neared US$72,000—never approached prior extremes, according to Glassnode data. Analysts see this moderation as a sign of a more sustainable advance.

Despite these encouraging on-chain signals, not everyone is convinced the path higher will be smooth. Short-term traders remain divided on whether Bitcoin can maintain momentum into the final quarter of the year.

Trader Tony “The Bull” Severino argued that Bitcoin may be entering a decisive 100-day window. Writing on X, Severino pointed to the Bollinger Bands indicator on Bitcoin’s weekly chart, which has tightened to levels not seen before. He noted that Bitcoin’s recent inability to hold above US$126,000, after briefly testing the upper band, could signal a short-term pullback before any sustained breakout.

Ether (ETH) also slid after last week’s rally, but has since recovered some of its losses. It was up by 0.7 percent over 24 hours to US$4,365.58. Ether’s lowest valuation on Friday was US$4,285.77, and its highest was US$4,401.99.

Altcoin price update

Solana (SOL) was priced at US$222.58, an increase of 1.1 percent over the last 24 hours and its highest valuation of the day. Its lowest valuation on Friday was US$217.57.

XRP was trading for US$2.83, trading flat over the last 24 hours. Its lowest valuation of the day was US$2.78, and its highest was US$2.84.

Derivatives trends

The crypto derivatives market saw heavy liquidations over the past 24 hours, totaling roughly US$674 million, according to Coinglass data. Long positions accounted for US$505 million of that amount, while short positions made up US$169 million, marking one of October’s sharpest liquidation waves.

Among major assets, Bitcoin long liquidations reached US$116 million, compared to US$68.22 million in shorts, indicating that overleveraged bullish traders bore the brunt of the latest downturn. Ether long positions were liquidated for US$146 million, against US$34.54 million in shorts, reflecting a similar shakeout of optimistic bets amid heightened volatility.

Despite the sell-off, futures open interest for Bitcoin rose 0.23 percent in the last four hours to US$90.19 billion, suggesting that traders are gradually re-entering positions or maintaining leverage at elevated levels.

Ether futures open interest also ticked up 0.22 percent to US$59.53 billion, showing that market participants remain engaged even after widespread liquidations.

Bitcoin’s relative strength index (RSI) at 72.15 indicates that the asset remains in overbought territory, potentially signaling near-term price swings or corrective moves. Still, the market’s resilience near the US$120,000 level points to continued speculative interest.

Today’s crypto news to know

XRP, DOGE, SOL slip as US$2.7 billion flows into Bitcoin ETFs

Major altcoins faced losses Friday as traders took profits from Bitcoin’s record-breaking rally, even as spot ETF demand remained strong.

Bitcoin briefly dipped to around US$120,000 overnight before stabilizing near US$122,000, while Ether erased its weekly gains with a 2.4 percent drop.

Solana, XRP, Dogecoin, and Cardano each slid up to 3 percent, according to CoinDesk data. Despite the retreat, US-listed Bitcoin ETFs drew US$2.72 billion in inflows this week, highlighting resilient institutional appetite.

The ETF surge underscores Bitcoin’s growing role as a “digital safe-haven,” especially as gold surged above Us$4,000 an ounce. However, a possible pullback to the US$107,000–US$115,000 range could be imminent ahead of the Federal Reserve’s October 29 policy meeting.

EU dismisses ECB’s call for new stablecoin rules

The European Commission said Friday that existing crypto regulations under MiCA are adequate to handle stablecoin risks, pushing back on calls from the European Central Bank for stricter oversight.

According to a Reuters report, the ECB had urged Brussels to introduce new safeguards against “multi-issuance” models, where stablecoins minted outside the EU could be treated as interchangeable with those issued within.

Industry groups, including members like Circle, asked the Commission to formally clarify that multi-issuance is allowed under current rules.

In a statement to Reuters, the Commission said MiCA already provides a “robust and proportionate framework” and that further guidance will be published soon.

The ECB’s main concern is that redemptions from non-EU tokens could drain reserves inside the bloc, posing systemic risks. Stablecoin issuers countered that their reserve structures already mitigate such threats.

Bitcoin ETFs extend Uptober gains as Ethereum products lose momentum

US spot Bitcoin ETFs posted another strong day Tuesday, with US$197.8 million in net inflows, reinforcing Bitcoin’s dominance as institutional investors rotated away from Ethereum products.

Data from SoSoValue showed total Bitcoin ETF assets climbing to US$164.79 billion, representing nearly 7 percent of Bitcoin’s market cap.

BlackRock’s iShares Bitcoin Trust (NASDAQ:IBIT) led inflows with US$255 million, extending its lead over rivals as total assets surpassed $97 billion. Fidelity Wise Origin Bitcoin Fund (BATS:FBTC) and Grayscale Bitcoin Trust (NYSEARCA:GBTC) saw outflows of US$13 million and US$45 million, respectively.

The renewed demand follows a surge of US$1.19 billion in inflows earlier this week, the highest since July, with BlackRock again accounting for the majority.

Bitcoin has gained over 10 percent in October, peaking at US$126,080 before easing to $121,000. Meanwhile, Ethereum ETFs snapped their eight-day inflow streak with US$8.7 million in withdrawals, reflecting a temporary pause after a strong start to the month.

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.

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Investing

Silver Storm Secures US$7 Million Samsung Financing to Restart Mexican Silver Mine

Canadian miner Silver Storm Mining (TSXV:SVRS,OTCQB:SVRSF) has signed a US$7 million offtake prepayment deal with Samsung Construction and Trading (HKEX:028260) and two of its subsidiaries to help restart production at its La Parrilla silver mine complex in Durango, Mexico.

Under the agreement announced Friday (October 10), Samsung and subsidiaries will provide the financing through a secured prepaid facility over 18 months.

Samsung will receive 100 percent of the lead-silver and zinc concentrates produced at La Parrilla over a two-year period under the offtake agreement. The financing is secured through a corporate guarantee, a share pledge, and first-ranking security on La Parrilla’s assets.

Silver Storm said the facility carries an interest rate of the one-month Secured Overnight Financing Rate (SOFR) plus 4.75 percent, with a six-month grace period for interest and capital repayments.

Repayments will then be made in equal monthly installments over the following 12 months, potentially offset through concentrate sales.

“The company has sufficient liquidity to complete the planned restart and rehabilitation activities at La Parrilla,” said Silver Storm President and CEO Greg McKenzie. “Samsung’s involvement as a guaranteed purchaser for the concentrates reflects the confidence of a leading industry participant in our path forward and provides Silver Storm with another partner that is committed to bringing La Parrilla back into operation.”

The company added that the proceeds will go toward mill rehabilitation and upgrades, underground development, and working capital for the restart phase.

Once a prolific producer of silver and base metals, the La Parrilla complex includes a 2,000-metric-ton-per-day mill and several underground mines.

The company expects operations to resume in the first half of 2026.

The project’s revival is seen as a key milestone for Silver Storm, which holds a 100 percent interest in La Parrilla and the San Diego Project, another large undeveloped silver asset in Durango.

Samsung’s participation, meanwhile, underscores the continued interest of major industrial players in securing critical mineral supply chains.

Offtake financing deals of this nature provide both upfront capital for miners and stable sourcing arrangements for buyers, which is an increasingly common structure in metals markets amid rising demand for silver and other transition-linked minerals.

In recent days the price of silver has reached record highs of US$51 per ounce, alongside sister metal gold which surpassed the US$4,000 level. As the precious metals suite continues to trend higher more sidelined and shuttered projects could be brought online.

Shares of Silver Storm rose 3.30 percent to C$0.235, following the Friday announcement.

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

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Politics

Ardently pro-Israel Dem Sen John Fetterman congratulates Trump for ‘historic peace plan’

Democratic Sen. John Fetterman of Pennsylvania, a staunch supporter of Israel, congratulated President Donald Trump on Wednesday shortly after the commander in chief announced in a Truth Social post that Hamas and Israel agreed to phase one of a peace plan.

Fetterman said that he and the president are both unflinchingly committed to the U.S. ally.

‘I congratulate @POTUS on this historic peace plan that releases all the hostages. Now, enduring peace in the region is possible. Our parties are different but we have a shared ironclad commitment to Israel and its people,’ the senator noted on X while including a screenshot of Trump’s Truth Social post.

Israel launched a war effort in the wake of the heinous Oct. 7, 2023, Hamas attack in which terrorists committed atrocities including murder, rape and kidnapping.

Trump, who has been brokering a peace deal, declared in a Truth Social post on Wednesday, ‘I am very proud to announce that Israel and Hamas have both signed off on the first Phase of our Peace Plan. This means that ALL of the Hostages will be released very soon, and Israel will withdraw their Troops to an agreed upon line as the first steps toward a Strong, Durable, and Everlasting Peace.

‘All Parties will be treated fairly! This is a GREAT Day for the Arab and Muslim World, Israel, all surrounding Nations, and the United States of America, and we thank the mediators from Qatar, Egypt, and Turkey, who worked with us to make this Historic and Unprecedented Event happen. BLESSED ARE THE PEACEMAKERS!’ the president added.

Commerce Secretary Howard Lutnick and others have said Trump should receive the Nobel Peace Prize for the deal, but GOP Rep. Randy Fine argued that the award would be insufficient if lasting peace is obtained, instead suggesting that presidential term limits should be abolished.

‘The Nobel Peace Prize isn’t enough. If every living hostage is returned and lasting peace in the Middle East is secured, we should repeal the 22nd Amendment and thank the Lord for every day @realdonaldtrump can be our President. There will never be another one like him,’ he said in a post on X.

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Politics

White House brutally mocks Kamala Harris’ ‘cackle’ after former VP drops F-bomb, suggests admin is ‘crazy’

The White House issued a blistering response to former Vice President Kamala Harris after she suggested the administration is filled with ‘crazy’ ‘mother—ers.’

‘Kamala Harris should listen to an audio recording of her cackle of a laugh before calling anyone crazy,’ White House spokesman Kush Desai told Fox News Digital in a Tuesday statement.

Desai was responding to clips spreading like wildfire on social media of Harris speaking at an invite-only event in Los Angeles Monday where she took an apparent jab at the Trump administration while addressing

‘There’s so much about this moment that is making people feel like they’ve lost their minds. When, in fact, these mother—ers are crazy,’ Harris said Monday during an event in Los Angeles called ‘A Day of Unreasonable Conversation.’

‘I call this, ‘The Freedom Tour,” she added, according to the Hollywood Reporter.

Harris did not identify the Trump administration by name during her remarks. Her comments followed her discussing why she wrote her latest memoir, ‘107 Days,’ which walks readers through the unprecedented 2024 election, when then-President Joe Biden dropped out of the race and passed the mantle to Harris as the Democrat Party attempted to thwart a second Trump administration.

‘One of the other reasons I wrote it is history is going to write about this,’ Harris told attendees. ‘And it was important to me that that be told with my voice being present. And I would say that that everyone, we are living history right now. And you all as storytellers are living this. You’re not passive observers. You know that. You’re living it.’

‘And I’m gonna ask you that all the emotions that we are feeling, give those emotions, give that experience to those people that you are writing about and writing for. It gets back to my point about helping people just put a label on it, even if it doesn’t change the circumstance,’ she continued.

Harris is in the midst of a book tour to promote the memoir, making stops in New York City, Houston, San Francisco and other cities before also taking the tour to Canada and the U.K. later in October and November.

The event in Los Angeles was not included on her official book tour agenda. ‘A Day of Unreasonable Conversation’ is an annual event in Los Angeles that brings together ‘creators of culture – television writers, artists, producers, executives, and digital storytellers’ to cultivate a ‘meaningful connection between those shaping pop culture and those driving social change,’ according to the event’s website.

Harris’ laugh and public remarks that were dubbed ‘word salads’ by critics have long been mocked by Trump’s orbit, including President Donald Trump calling Harris ‘laughing Kamala’ from the 2024 campaign trail, as well as the campaign running ads spotlighting Harris’ laugh and instances of her past rambling remarks at the time.

‘She’s worse than Bernie Sanders,’ Trump said during an interview on Fox News in July 2024, just days after Biden dropped out of the race. ‘Now, she’s trying to come back. She got rid of the laugh, I noticed. I haven’t seen the crazy laugh. She’s crazy. That laugh? That’s a laugh of a crazy person. But I noticed she’s not using that laugh anymore. Somebody convinced her, ‘Don’t, just don’t laugh. Don’t laugh under any circumstances.”

Fox News Digital reached out to Harris’ office for additional comment related to her ‘crazy’ comment in Los Angeles and the White House’s response but did not receive replies.

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Politics

Federal judge undercuts Trump’s executive order on ‘radical gender ideology’

A federal judge on Tuesday blocked the Trump administration from forcing recipients of federal teen pregnancy prevention grants to follow new rules targeting ‘radical indoctrination’ and ‘gender ideology.’

U.S. District Judge Beryl Howell, an appointee of former President Barack Obama, said President Donald Trump’s order was ‘motivated solely by political concerns, devoid of any considered process or analysis, and ignorant of the statutory emphasis on evidence-based programming.’

The ruling marked a victory for Planned Parenthood affiliates in California, Iowa and New York, who sued to try to block enforcement of a U.S. Department of Health and Human Services (HHS) policy change. The ruling will apply to all organizations that receive grants.

HHS, which oversees the program, declined to comment on Tuesday’s ruling.

HHS had previously said in a policy document issued in July that the guidance for the program ‘ensures that taxpayer dollars no longer support content that undermines parental rights, promotes radical gender ideology, or exposes children to sexually explicit material under the banner of public health.’

Planned Parenthood affiliates argued the new directives conflicted with the program’s requirements and were so vague that it was unclear how to comply.

Howell agreed, writing in her ruling that the HHS policy provided ‘incomprehensibly vague’ requirements and ‘seemingly relied on irrelevant ideological factors, and did not justify its change in position.’

The changes to the pregnancy prevention program were part of a series of executive orders Trump signed on his first day back in the White House.

The Associated Press contributed to this report.

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Politics

White House slams Schumer’s ‘disgusting’ statement on shutdown as political standoff continues

The White House slammed Sen. Chuck Schumer, D-N.Y., for making a ‘disgusting and revealing’ comment about the ongoing shutdown.

Schumer spoke with Punchbowl News, an outlet based in Washington, D.C., and said that as the shutdown continues, things keep getting ‘better’ for the Democrats.

‘Every day gets better for us,’ Schumer reportedly told Punchbowl News. ‘It’s because we’ve thought about this long in advance, and we knew that health care would be the focal point on Sept. 30, and we prepared for it… Their whole theory was — threaten us, bamboozle us, and we would submit in a day or two.’

Republicans have blamed Schumer for the shutdown, saying it was meant to appease the Democrat Party’s progressive wing, particularly in his home state as Zohran Mamdani maintains the lead in New York City’s mayoral race and buzz swirls regarding Rep. Alexandria Ocasio-Cortez, D-N.Y., potentially challenging Schumer in the next primary. She has not formally declared a Senate bid.

‘Chuck Schumer just said the quiet part out loud: Democrats are gleefully inflicting pain on the American people over their push to give illegal aliens free health care,’ White House deputy press secretary Abigail Jackson said in a statement provided exclusively to Fox News Digital.

‘Workers are missing paychecks; travelers are missing flights; businesses are struggling; military families are forced to rely on food pantries; but to Chuck Schumer that means ‘every day gets better.’ No matter what Chuck Schumer thinks, Americans struggling is not good and the Democrats must stop inflicting this pain on them and reopen the government now,’ Jackson added.

In response to Fox News Digital’s request for comment, Schumer’s office sent an excerpt from his remarks on the Senate floor.

‘Every day that Republicans refuse to negotiate to end this shutdown, the worse it gets for Americans — and the clearer it becomes who’s fighting for them. Each day our case to fix healthcare and end this shutdown gets better and better, stronger and stronger because families are opening their letters showing how high their premiums will climb if Republicans get their way. They’re seeing why this fight matters — it’s about protecting their healthcare, their bank accounts and their futures,’ Schumer said.

White House press secretary Karoline Leavitt also took issue with Schumer saying that the shutdown was good for the Democrats.

‘While federal workers stress over missed paychecks, military families turn to food pantries, and airports around the country face delays — Chuck Schumer and the Democrats are bragging that ‘every day gets better’ for them,’ Leavitt wrote on X. ‘What a disgusting and revealing statement. Democrats are gleeful about inflicting pain on the American people.’

On Wednesday, the White House said it would be ramping up consequences for the shutdown.

The White House’s Office of Management and Budget (OMB) floated plans that would not guarantee that federal workers currently furloughed from the shutdown would receive backpay — upending a 2019 law from President Donald Trump’s first administration in the aftermath of a 35-day shutdown, Fox News Digital learned.

The threat of furloughed workers failing to receive backpay increases the stakes every day that Congress fails to pass a funding measure — and puts greater pressure on Democrats as Trump continues to accuse them of creating the crisis.

Fox News Digital’s Diana Stancy, Deirdre Heavey and Elizabeth Elkind contributed to this report.

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Politics

Hakeem Jeffries leads prayer event over shutdown after passing on Charlie Kirk vigil

House Minority Leader Hakeem Jeffries, D-N.Y., organized a prayer vigil for the federal government on the ninth day of the ongoing shutdown.

The House Democratic leader organized the event, called the ‘Interfaith Rally and Faith Vigil for Health Justice,’ outside a church in Washington, D.C., on Thursday, featuring Christian, Jewish and Muslim faith leaders alongside other Democratic lawmakers.

They pushed congressional Republican leaders to find a bipartisan route to fund the federal government that also includes concessions from Republicans on healthcare policy.

House Democratic leaders’ appearance is a contrast to their absence from the Capitol Hill vigil held by GOP lawmakers last month in honor of assassinated conservative activist Charlie Kirk.

Several rank-and-file Democrats did attend that vigil, but when reporters asked Jeffries at the time why he was not there, he answered simply, ‘I had a meeting.’

At his event Thursday, Jeffries said, ‘I grew up in church learning, of course, that what the Bible teaches us is to stand up for the least amongst us — the lost, the left behind, those whose stations in life may not have always dealt them the best of hands.’

‘And unfortunately, what we’re dealing with right now in the United States Congress is a group of people who we sometimes say they go to church, and they pray on Sunday. But then they come to Washington, D.C., and they prey — p-r-e-y — on the American people for the rest of the week, prey on the poor, prey on the sick, prey on the afflicted.’

He referenced a verse from the New Testament, ‘We are troubled on every side, but not distressed, perplexed, but never in despair,’ to further hammer Republicans’ resistance to Democrats’ demands.

‘I think it’s fair to say that we’ve got trouble all around us. A hater in the White House, haters in the Congress, haters throughout the Cabinet, trouble all around us. But we’re not distressed because we believe in the resilience and the goodness of the American people,’ Jeffries said.

Other lawmakers who spoke included House Minority Whip Katherine Clark, D-Mass., and former Speaker Nancy Pelosi, D-Calif.

The government shut down at midnight on Oct. 1, the beginning of fiscal year (FY) 2026, after Democrats and Republicans failed to agree on a spending deal.

The House passed a bill last month to keep the federal government funded at FY2025 levels through Nov. 21. It was largely free of policy riders, save for an added $88 million in security spending for lawmakers, the White House, and the judicial branch.

That measure, called a continuing resolution (CR), was aimed at giving congressional negotiators more time to strike a longer-term deal for FY2026.

But Democrats in the House and Senate were infuriated by being sidelined in federal funding talks. They have been pushing for an extension of Obamacare subsidies enhanced during the COVID-19 pandemic that are set to expire at the end of 2025.

Democrats have also introduced a counter-proposal for a CR that would keep the government funded through Oct. 31 while reversing the GOP’s cuts to Medicaid made in their ‘one big, beautiful bill.’

The counter-proposal would have also restored federal funding to NPR and PBS that was cut by the Trump administration earlier this year.

Republicans have panned that plan as a nonstarter full of partisan demands, while pointing out that Democrats have voted for a ‘clean’ measure similar to the GOP proposal 13 times during former President Joe Biden’s time in office.

Another speaker, the Rev. Leslie Copeland-Tune of the National Council of Churches, criticized Republicans’ policy bill during her remarks at the rally.

‘I declare to you today, not having healthcare for 24 million people so that rich people can be richer is terror on the Earth. I declare to you today that cutting food stamps and SNAP and other food programs is terror on the Earth,’ she said.

‘We pray, Oh God, that you would turn stony hearts to flesh and turn those who would do wrong to make them do right. God, we pray that you would help us to meet this moment, to do our assignment, and to be courageous while we do it.’

Senate Democrats have now sunk the GOP’s plan in six separate votes and are poised to do so again on Thursday.

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Investing

Gold Mining Stocks Poised for Windfall as Prices Top $4,000 Per Ounce

USA News Group News Commentary

Issued on behalf of GoldHaven Resources Corp.

USA News Group News Commentary Gold smashed through $4,000 per ounce for the first time in history this week, surging over 50% year-to-date as the US government shutdown, ongoing Fed rate cuts, and global economic uncertainty drive unprecedented safe-haven demand [1] . While gold prices break records, gold mining companies are experiencing even more dramatic profit expansion because production costs remain relatively stable while metal prices soar, creating windfall margins that translate every additional dollar in gold prices into pure profit. This historic divergence between surging gold values and contained mining costs positions gold companies from explorers through producers, including GoldHaven Resources Corp. (CSE: GOH) (OTCQB: GHVNF), Equinox Gold Corp. (NYSE-American: EQX) (TSX: EQX), IAMGOLD Corporation (NYSE: IAG) (TSX: IMG), Newmont Corporation (NYSE: NEM) (TSX: NGT), and Lahontan Gold Corp. (TSXV: LG,OTC:LGCXF) (OTCQB: LGCXF).

Wall Street analysts are racing to raise targets, with Goldman Sachs now forecasting $4,900 by late 2026 ^[2] and Michael Langford projecting $4,300 within six months as central banks accelerate diversification into gold ^[3] . With rate cuts expected through year-end creating ideal conditions for gold’s continued ascent, mining companies with operational leverage to rising prices stand positioned to capture extraordinary value before the broader market fully prices in this structural shift in precious metals economics ^[4] .

GoldHaven Resources Corp. (CSE: GOH) (OTCQB: GHVNF) is a Canadian junior exploration company that recently commenced its first-ever diamond drilling program at the Copeçal Gold Project in Brazil’s Juruena Gold Province, a historically productive region that has yielded substantial gold discoveries since the late 1970s. The company is testing high-priority gold targets on a property that was previously explored by AngloGold Ashanti , one of the world’s largest gold mining companies.

The 3,681-hectare Copeçal project sits in Mato Grosso, Brazil , approximately 60 kilometers from Alta Floresta . AngloGold Ashanti invested approximately $1 million in systematic exploration work here between 2010 and 2016, identifying a 6-kilometer-long gold-in-soil anomaly before shifting focus to other global projects. GoldHaven is now testing whether this surface gold signature extends to depth and could indicate an economic gold deposit.

The first drill hole has already intersected approximately 30 meters of saprolite (deeply weathered rock) before entering strongly sheared and hydrothermally altered basement gneiss. The rock shows pervasive chlorite, sericite, and quartz alteration. These are classic indicators of hydrothermal fluid activity associated with gold deposits in similar geological settings.

‘The start of our maiden drill program marks a transformational milestone for GoldHaven Resources ,’ said Rob Birmingham , President and CEO. ‘This moment is the result of systematic exploration, including a 107-hole auger program and ongoing VLF surveys that refined our targets and mapped structural controls. Early geological observations from COP-25 -001 show strong deformation and alteration where saprolite meets basement rock, exactly what we hoped to see. While we await assay results, these features validate our targeting model and align with mineralized systems across the Juruena Gold Province.’

The 1,200-meter drilling program uses Ecodrill with NQ-size diamond core (47.6mm diameter) to drill 5-6 angled holes up to 150 meters deep. The program is testing two zones called East and West, both showing persistent gold-in-soil signatures extending across 3-kilometer strike lengths. Core samples are being processed at ALS Global laboratories, with sample preparation in Cuiabá and assays in Belo Horizonte . Assay results are expected in 4-6 weeks.

‘Copeçal has all the hallmarks of a compelling greenfields opportunity,’ said Jon Hill , former Exploration Manager for AngloGold Ashanti during the project’s initial discovery phase, and current Country Manager in Brazil for GoldHaven , in a previous announcement . ‘As part of the original team that identified the area, I’ve always believed this project warranted drill testing. It sits in an underexplored but highly fertile mineral belt, and thanks to AngloGold’s foundational work, we have robust geochemical and geophysical datasets to guide us.’

GoldHaven’s exploration work leading up to this drilling program included 107 auger drill penetrations and VLF-EM geophysical surveys that helped pinpoint the best drilling locations. The Copeçal asset benefits from year-round road access via highway MT-325 and sits just 60 kilometers from Alta Floresta , a regional hub serviced by daily commercial air connections. The project is positioned among a growing cluster of significant developments including G Mining’s multi-million-ounce Tocantinzinho deposit.

Parallel to Copeçal drilling, GoldHaven has advanced comprehensive summer field programs across its wholly-owned Magno and Three Guardsmen assets in northern British Columbia . The Magno Project footprint has been strategically extended by 5,159 hectares through targeted claim staking.

GoldHaven’s project portfolio includes claim packages totaling 123,900 hectares distributed across three Brazilian projects, supported by a comprehensive 43-101 Technical Report for Copeçal.

CONTINUED… Read this and more news for GoldHaven Resources at:
https://usanewsgroup.com/2025/09/23/the-goldhaven-story-two-continents-one-strategy-systematic-exploration-in-historically-productive-districts/

In other industry developments and happenings in the market include:

Equinox Gold Corp. (NYSE-American: EQX) (TSX: EQX) delivered record consolidated production of 236,470 ounces in Q3 2025, marking the strongest quarterly performance in company history. The Valentine Gold Mine in Newfoundland poured first gold ahead of schedule on September 14 , while the Greenstone Gold Mine in Ontario showed meaningful operational improvements with mining rates exceeding 185,000 tonnes per day and mill grades improving 13% quarter-over-quarter to 1.05 grams per tonne gold.

‘ Equinox Gold delivered a solid third quarter, producing a record consolidated 236,470 ounces of gold, reflecting the strength of our expanded portfolio following the merger completed in June,’ said Darren Hall , CEO of Equinox Gold . ‘Even after the divestment of our Nevada assets, we remain on track to deliver in the mid-range of our consolidated annual gold production guidance of 785,000 to 915,000 ounces.’

The company strengthened its balance sheet during the quarter by reducing debt by US$139 million and maintaining cash and equivalents of $359 million at September 30, 2025 . With Valentine ramping toward consistent nameplate capacity of 2.5 million tonnes per year by Q2 2026 and Greenstone positioned for a strong Q4, Equinox Gold anticipates finishing 2025 in the mid-range of consolidated guidance and carrying momentum into 2026.

IAMGOLD Corporation (NYSE: IAG) (TSX: IMG) announced assay results from its ongoing 2025 drilling programs at the Nelligan and Monster Lake projects in central Quebec , with 27 diamond drill holes totaling 11,583 metres at Nelligan and 16 holes totaling 10,137.5 metres at Monster Lake confirming extensions of mineralized zones. The combined exploration camp, located 60 kilometres southwest of Chibougamau with both projects accessible by road and just 15 kilometres apart, hosts nearly 9 million ounces of resources including Nelligan’s 3.1 million ounces Indicated and 5.2 million ounces Inferred resources alongside Monster Lake’s high-grade 84,200 ounces Indicated and 488,500 ounces Inferred resources.

‘I want to congratulate our exploration team as they continue to expand the mineralized envelope of Nelligan and intersect high-grade veins at Monster Lake,’ said Renaud Adams , CEO of IAMGOLD . ‘The Nelligan and Monster Lake camp has seen rapid growth from a relatively conservative drill program prior to this year, and these results confirm our decision to continue to increase our exploration activities within this camp. When you combine Nelligan with the high-grade satellite Monster Lake deposit, there are nearly 9 million ounces of resources in this mining camp already, positioning Nelligan among the largest gold projects in Canada with significant potential for further growth.’

Drilling at Nelligan successfully extended the deposit further down-plunge to the east below 600 to 700 metres vertical depth with the mineralized sequence remaining open along strike and at depth, while Monster Lake drilling confirmed typical high-grade veins persisting in the general down-plunge of the Megane Zone. The company plans to continue infill and step-out drilling to convert Inferred Resources into the Indicated category while testing deeper extensions and lateral expansions of both deposits.

Newmont Corporation (NYSE: NEM) (TSX: NGT) achieved first gold pour at its Ahafo North Project in Ghana on September 19, 2025 , marking a critical milestone toward commercial production in the fourth quarter of 2025. The project, located at Afrisipakrom approximately 30 kilometres from the company’s Ahafo South operations, is expected to deliver between 275,000 and 325,000 ounces of gold annually over a 13-year mine life while creating approximately 560 permanent and 1,000 contracted roles.

‘The first gold pour at Ahafo North represents a major operational milestone that validates years of careful planning, engineering, and construction, and builds on the strength of our world-class portfolio,’ said Tom Palmer , CEO of Newmont . ‘As we progress toward commercial production, we remain focused on generating enduring value for our shareholders, workforce, host communities, and the government of Ghana .’

The achievement follows the completion of key development phases including ore stockpiling that began in late 2024 and commissioning of critical infrastructure such as processing circuits, mining support facilities, and a tailings storage facility. Following the divestment of the Akyem mine in April 2025 , Ahafo North will become the company’s second operational site in the country and represents Newmont’s third mining investment in Ghana .

Lahontan Gold Corp. (TSXV: LG,OTC:LGCXF) (OTCQB: LGCXF) announced that its Exploration Plan of Operations has begun National Environmental Policy Act review by the Federal Bureau of Land Management for the Santa Fe Mine project in Nevada . The POO will allow for staged exploration drilling of over 700 holes within the Santa Fe Mine Project area, which hosts a National Instrument 43-101 compliant Indicated Mineral Resource of 1,539,000 ounces gold equivalent and an Inferred Mineral Resource of 411,000 ounces gold equivalent, with the company signing a Contributed Funds Agreement to provide funding to the BLM in support of the NEPA process.

‘ Lahontan is excited to have its Exploration POO enter the NEPA review process,’ said Kimberly Ann , CEO of Lahontan Gold . ‘When NEPA is completed, the POO will allow for staged exploration drilling of over 700 holes within the Santa Fe Mine Project area, greatly enhancing the potential to expand the project’s gold and silver resources and enhance expanded mining opportunities. The Contributed Funds Agreement allows the BLM to utilize additional personnel to complete the NEPA analysis and provide funding in case of a Federal government shutdown.’

The 26.4 square kilometre Santa Fe Mine project had past production of 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995 from open pit mines utilizing heap-leach processing. The company plans to continue advancing the Santa Fe Mine project toward production, update the Santa Fe Preliminary Economic Assessment, and drill test its satellite West Santa Fe project during 2025.

Article Source: https://usanewsgroup.com/goh-profile/

CONTACT:

USA NEWS GROUP
info@usanewsgroup.com
(604) 265-2873

DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. USA News Group is wholly-owned subsidiary of Market IQ Media Group, Inc. (‘MIQ’). This article is being distributed for Baystreet.ca Media Corp. (‘BAY’), who has been paid a fee for an advertising campaign. MIQ has not been paid a fee for GoldHaven Resources Corp. advertising or digital media, but the owner/operators of MIQ also co-owns BAY. There may also be 3rd parties who may have shares of GoldHaven Resources Corp. and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material, including this article, which is disseminated by MIQ on behalf of BAY has been approved by GoldHaven Resources Corp. The scientific and technical information disclosed in this document have been reviewed and approved by two Qualified Persons (QPs). The Copeçal Technical Report identifies Jean-Marc Lopez , B.Sc., FAusIMM, as the Qualified Person responsible for the report. The report ‘GoldHaven Resources Completes Summer Exploration Programs’ states that the technical information has been reviewed and approved by Jonathan Victor Hill , B.Sc. Hons, FAusIMM, an independent Qualified Person and Country Manager of GoldHaven. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.

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