Aurum Resources (AUE:AU) has announced Further high-grade intercepts at BMT3 in Boundiali
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Adrian Day, president of Adrian Day Asset Management, shares his thoughts on gold’s latest price activity, saying the metal is still ‘nowhere near a top.’
In his view, its long-term drivers remain in place, and two new ones have now emerged.
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Hecla Mining Company (NYSE:HL) has agreed to sell its Casa Berardi gold operation in Québec to Orezone Gold (TSX:ORE,OTCQX:ORZCF) for total consideration of up to US$593 million.
The deal, announced on Monday (January 26), involves the sale of Hecla Québec, a wholly owned subsidiary of Hecla that holds the Casa Berardi mine and related exploration properties.
Under the terms of the agreement, Hecla expects to receive up to US$593 million through a mix of upfront cash, equity, deferred payments and contingent consideration.
Hecla will receive US$160 million in cash at closing, along with about 65.7 million Orezone common shares, representing about 9.9 percent of Orezone’s pro forma shares outstanding, currently valued at roughly US$112 million.
In addition, Hecla is set to receive US$80 million in deferred cash payments, split into US$30 million payable 18 months after closing and US$50 million payable after 30 months.
The remaining consideration is contingent and could total up to US$241 million.
It includes up to US$211 million in production-based royalty payments tied to future open-pit output, calculated at US$80 per ounce for the first 500,000 ounces of gold and US$180 per ounce thereafter.
Hecla may also receive a US$20 million payment upon the granting of certain permits, as well as up to US$10 million linked to a gold price exceeding US$4,200 per ounce.
The transaction is supported by Franco-Nevada (TSX:FNV,NYSE:FNV), which Orezone said is a sponsor in the acquisition.
“The sale of Hecla Quebec represents an important milestone in Hecla’s transformation as we concentrate capital allocation and operational focus on our world-class silver portfolio,” said Rob Krcmarov, president and CEO of Hecla.
For Orezone, the acquisition marks a major expansion into Canada and adds a producing gold mine to its portfolio. The company said Casa Berardi will complement its Bomboré project in Burkina Faso and will provide diversification in a jurisdiction known for stable mining regulations and established infrastructure.
“This Transaction marks a significant inflection point for Orezone as it adds a proven, cash-flow-generating asset to our portfolio, and provides asset diversification in a Tier 1 Jurisdiction,” said Patrick Downey, president and CEO of Orezone.
Casa Berardi is an underground and open-pit mine located in Québec’s Abitibi region that has been in operation since the late 1980s. It has produced over 3.2 million ounces of gold to date.
As of the end of 2024, its proven and probable reserves stood at 1.3 million ounces, with additional measured, indicated and inferred resources supporting future operations.
Casa Berardi’s gold production guidance for 2026 is between 83,000 and 91,000 ounces.
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
Sankamap Metals Inc. (CSE: SCU) (‘Sankamap’ or the ‘Company’) the Company and its auditor continue to work diligently toward the completion and filing of the Company’s annual audited financial statements and management’s discussion and analysis for the fiscal year ended June 30, 2025 (the ‘Required Filings’). The Company has obtained approval from the Alberta Securities Commission to extend the Management Cease Trade Order (‘MCTO’) under National Policy 12-203 Management Cease Trade Orders (‘NP 12-203’) until January 31, 2026. Sankamap confirms that substantially all audit work has been completed, with only one minor confirmation and customary completion procedures remaining. The Company is actively working to provide the outstanding items and is in contact with the relevant party. Subject to completion of these matters, the audit is expected to be finalized shortly.
The Required Filings were due to be filed by October 28, 2025. In connection with the anticipated delays in making the Required Filings, the Company made an application for a MCTO under NP 12-203 to the Alberta Securities Commission, as principal regulator for the Company, and the MCTO was issued on October 29, 2025. The MCTO restricts all trading by the Company’s CEO and CFO in securities of the Company, whether direct or indirect. The MCTO does not affect the ability of persons who are not directors, officers or insiders of the Company to trade their securities. The MCTO will remain in effect until the Required Filings are filed or until it is revoked or varied.
The Company expects to proceed with the filing of its interim first-quarter financial statements shortly after the Required Filings have been completed and submitted.
The Company confirms that it intends to satisfy the provisions of the alternative information guidelines described in NP 12-203 by issuing bi-weekly default status reports in the form of a news release until it meets the Required Filings requirement. The Company has not taken any steps towards any insolvency proceeding and the Company has no material information relating to its affairs that has not been generally disclosed.
For further information with respect to the MCTO, please refer to the Company’s news releases dated October 21, 2025, November 4, 2025, November 18, 2025, December 3, 2025, December 17, 2025, December 30, 2025, and January 13, 2026, available for viewing on the Company’s SEDAR+ profile at www.sedarplus.ca.
About Sankamap Metals Inc.
Sankamap Metals Inc. (CSE: SCU) is a Canadian mineral exploration company dedicated to the discovery and development of high-grade copper and gold deposits through its flagship Oceania Project, located in the South Pacific. The Company’s fully permitted assets are strategically positioned in the Solomon Islands, along a prolific geological trend that hosts major copper-gold deposits; including Newcrest’s Lihir Mine, with a resource of 71.9 million ounces of gold¹ (310 Mt containing 23 Moz Au at 2.3 g/t P+P, 520 Mt containing 39 Moz Au at 2.3 g/t indicated, 81 Mt containing 5 Moz Au at 1.9 g/t measured, 61 Mt containing 4.9 Moz Au at 2.3 g/t Inferred).
Exploration is actively advancing at both the Kuma and Fauro properties, part of Sankamap’s Oceania Project in the Solomon Islands. Historical work has already highlighted the mineral potential of both sites, which lie along a highly prospective copper and gold-bearing trend, suggesting the possibility of further, yet-to-be-discovered deposits.
At Kuma, the property is believed to host an underexplored and largely untested porphyry copper-gold (Cu-Au) system. Historical rock chip sampling has returned consistently elevated gold values above 0.5 g/t Au, including a standout sample assaying 11.7% Cu and 13.5 g/t Au2; underscoring the area’s significant potential.
At Fauro, particularly at the Meriguna Target, historical trenching has returned highly encouraging results, including 8.0 meters at 27.95 g/t Au and 14.0 meters at 8.94 g/t Au3. Complementing these results are exceptional grab sample assays, including historical values of up to 173 g/t Au3, along with recent sampling by Sankamap at the Kiovakase Target, which returned numerous high-grade copper values, reaching up to 4.09% Cu. In addition, limited historical shallow drilling intersected 35.0 meters at 2.08 g/t Au3, further underscoring the property’s strong mineral potential and the merit for continued exploration. With a commitment to systematic exploration and a team of experienced professionals, Sankamap aims to unlock the untapped potential of underexplored regions and create substantial value for its shareholders. For more information, please refer to SEDAR+ (www.sedarplus.ca), under Sankamap’s profile.
1.Newcrest Technical Report, 2020 (Lihir: 310 Mt containing 23 Moz Au at 2.3 g/t P+P, 520 Mt containing 39 Moz Au at 2.3 g/t indicated, 81 Mt containing 5 Moz Au at 1.9 g/t measured, 61 Mt containing 4.9 Moz Au at 2.3 g/t Inferred)
2. Historical grab, soil and BLEG samples from SolGold Kuma Review June 2015, and SolGold plc Annual Report 2013/2012
3. September 2010-June 2012 press releases from Solomon Gold Ltd. and SolGold Fauro Island Summary Technical Info 2012
QP Disclosure
The technical content for the Oceania Project in this news release has been reviewed and approved by John Florek, M.Sc., P.Geol., a Qualified Person in accordance with CIM guidelines. Mr. John Florek is in good standing with the Professional Geoscientists of Ontario (Member ID:1228) and a director and officer of the Company.
ON BEHALF OF THE BOARD OF DIRECTORS
s/ ‘John Florek’
John Florek, M.Sc., P.Geol
Chief Executive Officer
Sankamap Metals Inc.
Contact:
John Florek, CEO
T: (807) 228-3531
E: johnf@sankamap.com
The Canadian Securities Exchange has not approved nor disapproved this press release.
Forward-Looking Statements
Certain statements made and information contained herein may constitute ‘forward-looking information’ and ‘forward-looking statements’ within the meaning of applicable Canadian and United States securities legislation. These statements and information are based on facts currently available to Sankamap and there is no assurance that the actual results will meet management’s expectations. Forward-looking statements and information may be identified by such terms as ‘anticipates,’ ‘believes,’ ‘targets,’ ‘estimates,’ ‘plans,’ ‘expects,’ ‘may,’ ‘will,’ ‘could’ or ‘would.’
This press release contains forward-looking statements, including, but not limited to, statements regarding management’s expectations about obtaining the MCTO and completing the Required Filings within the anticipated timeline. Forward-looking statements are subject to various risks, uncertainties, and other factors that could cause actual results or events to differ materially from those expressed or implied by such statements. Sankamap does not undertake any obligation to update forward-looking statements or information, except as required by applicable securities laws. For more information on the Company, investors should review the Company’s continuous disclosure filings that are available at www.sedarplus.ca.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/281882
News Provided by TMX Newsfile via QuoteMedia
In this video, Mary Ellen spotlights the areas driving market momentum following Taiwan Semiconductor’s record-breaking earnings report. She analyzes continued strength in semiconductors, utilities, industrials, and AI-driven sectors, plus highlights new leadership in robotics and innovation-focused ETFs like ARK. From there, Mary Ellen breaks down weakness in health care and housing stocks, shows how to refine trade entries using hourly charts, and compares today’s rally to past market surges. Watch as she explores setups in silver and examines individual stocks like Nvidia, BlackRock, and State Street.
This video originally premiered on July 18, 2025. You can watch it on our dedicated page for Mary Ellen’s videos.
New videos from Mary Ellen premiere weekly on Fridays. You can view all previously recorded episodes at this link.
If you’re looking for stocks to invest in, be sure to check out the MEM Edge Report! This report gives you detailed information on the top sectors, industries and stocks so you can make informed investment decisions.
The S&P 500 ($SPX) just logged its fifth straight trading box breakout, which means that, of the five trading ranges the index has experienced since the April lows, all have been resolved to the upside.
How much longer can this last? That’s been the biggest question since the massive April 9 rally. Instead of assuming the market is due to roll over, it’s been more productive to track price action and watch for potential changes along the way. So far, drawdowns have been minimal, and breakouts keep occurring. Nothing in the price action hints at a lasting change — yet.
While some are calling this rally “historic,” we have a recent precedent. Recall that from late 2023 through early 2024, the index had a strong start and gave way to a consistent, steady trend.
From late October 2023 through March 2024, the S&P 500 logged seven consecutive trading box breakouts. That streak finally paused with a pullback from late March to early April, which, as we now know, was only a temporary hiccup. Once the bid returned, the S&P 500 went right back to carving new boxes and climbing higher.
If there’s been one gripe about this rally, it’s that the number of new highs within the index has lagged. As we’ve discussed before, among all the internal breadth indicators available, new highs almost always lag — that’s normal. What we really want to see is whether the number of new highs begins to exceed prior peaks as the market continues to rise, which it has, as shown by the blue line in the chart below.
As of Wednesday’s close, 100 S&P 500 stocks were either at new 52-week highs or within 3% of them. That’s a strong base. We expect this number to continue rising as the market climbs, especially if positive earnings reactions persist across sectors.
Even when we get that first day with 100+ S&P 500 stocks making new 52-week highs, though, it might not be the best time to initiate new longs.
The above chart shows that much needs to align for that many stocks to peak in unison, which has historically led to at least a short-term consolidation, if not deeper pullbacks — as highlighted in yellow. Every time is different, of course, but this is something to keep an eye on in the coming weeks.
The GoNoGo Trend remains in bullish mode, with the recent countertrend signals having yet to trigger a greater pullback.
We still have two live bullish upside targets of 6,555 and 6,745, which could be with us for a while going forward. For the S&P 500 to get there, it will need to form new, smaller versions of the trading boxes.
In the chart below, you can view a rising wedge pattern on the recent price action, the third since April. The prior two wedges broke down briefly and did not lead to a major downturn. The largest pullbacks in each case occurred after the S&P 500 dipped below the lower trendline of the pattern.
The deepest drawdown so far is 3.5%, which is not exactly a game-changer. Without downside follow-through, a classic bearish pattern simply can’t be formed, let alone be broken down from.
We’ll continue to monitor these formations as they develop because, at some point, that will change.
A battleground district House Republican is wading into the redistricting war that has seized the U.S. with his own new proposal to crack down on ‘partisan gamesmanship.’
Rep. Mike Lawler, R-N.Y., has introduced a bill called the Fair Apportionment and Independent Redistricting for Maps that Avoid Partisanship (FAIR MAP) Act, which would impose new guardrails on the process of changing congressional districts across all 50 states.
The bill would bar states from drawing districts for or against a specific political party or candidate and ban the creation of new congressional maps more than once a decade following the U.S. census.
It comes as election watchers eye Virginia and Maryland as the latest states whose Democrat-led legislatures could move to redraw their congressional boundaries ahead of the 2026 midterm elections.
Earlier this month, a state Supreme Court judge in Lawler’s own home turf of New York ruled that New York City’s lone Republican-held district is unconstitutional and must be redrawn — handing potentially a consequential win to Democrats.
Lawler said of Democrats’ push in his state, ‘[Gov. Kathy Hochul] and [House Minority Leader Hakeem Jeffries’] scheme to redraw New York’s congressional districts months before an election is a blatant power grab and misuse of public office.’
The growing redistricting war was kicked off last year when Texas’ GOP-led legislature approved a new congressional map that could give Republicans as many as five new seats in the House of Representatives come the November elections.
Redistricting normally occurs every 10 years after the U.S. census is taken to ensure that seats in the House are reflective of each state’s population. And while there’s a patchwork of state laws aimed at blocking those districts from being redrawn along partisan lines, there is no current federal standard.
In addition to banning mid-decade redistricting in most cases and creating a federal gerrymandering standard, Lawler’s bill would also create a host of new provisions dictating how those populations are ultimately counted and how disputes can be resolved.
The bill would block state and local courts from legal redistricting fights, for example, leaving it to federal judges to weigh in on those fights.
It would also mandate that just U.S. citizens are counted toward state populations when creating new maps — something that could take a significant amount of power away from sanctuary jurisdictions that can currently factor numbers of illegal immigrants who cannot vote when apportioning districts.
The legislation also includes new electoral provisions like barring ranked-choice voting in federal elections, requiring photo ID for voting in those elections, and banning same-day registration in federal elections.
Lawler was among the House Republicans who forcefully came out against the growing redistricting war last summer, when leaders in Texas and California were going toe-to-toe with threats to redraw their maps.
But it does not appear likely as of now that his bill will get taken up for a House-wide vote, given House GOP leaders’ prior insistence that redistricting is a states’ issue.
‘Voting rights and equal representation only work if the system itself is fair, transparent, and trusted. My FAIR MAP Act puts clear guardrails around congressional redistricting, ends mid-decade political map rigging, and ensures that federal elections reflect the voices of lawful voters, not partisan gamesmanship,’ Lawler told Fox News Digital. ‘Every voter deserves confidence that the system is fair and that their vote counts the same as anyone else’s.’
A cohort of Senate Republicans plans to launch a targeted task force aimed at tackling fraudsters in the wake of the Minnesota fraud scandal.
Republican members of the Senate Health, Education, Labor and Pensions (HELP) Committee announced that they would form a task force dedicated to rooting out fraudsters abusing federal funding.
The seven-member panel will be led by HELP Committee Chair Bill Cassidy, R-La., who has cranked up efforts in recent weeks to crack down on fraud, particularly in Minnesota.
‘Our tax dollars are supposed to help American families, not line the pockets of fraudsters,’ Cassidy said in a statement to Fox News Digital. ‘HELP Committee Republicans are committed to rooting out this fraud and ensuring Americans’ tax dollars are used responsibly.’
The long-running, nearly six-year-long investigation into alleged fraud in Minnesota gained new attention and traction among Republicans and the White House earlier this year.
The scandal, in which federal prosecutors estimate that up to $9 billion was stolen through a network of fraudulent fronts posing as daycare centers, food programs and health clinics, has dominated the bandwidth of many in the GOP and spurred the Trump administration’s deployment of Immigration and Customs Enforcement (ICE) agents into Minneapolis.
The majority of those charged, so far, in the ongoing investigation are part of Minnesota’s Somali population. The Trump administration has taken steps outside the deploying of ICE agents to target Somalis in the area, too, including ending protected status for the population and launching investigations into whether the fraudulent activity is connected to al-Shabab, a terrorist organization based in Somalia.
The task force will delineate its focus into three prongs: health, education and labor and pensions.
Those three subgroups will be led by Sens. Ashley Moody, R-Fla., Roger Marshall, R-Kan., who will lead the health-focused section, Tommy Tuberville, R-Ala., Jon Husted, who will lead the education-focused group, and R-Ohio, Markwayne Mullin, R-Okla., and Tim Scott, R-S.C., who will chair the labor-and-pensions-focused section.
But the task force’s announcement comes at a precarious time, as lawmakers hurtle toward what could be another government shutdown fueled in large part by the Department of Homeland Security’s (DHS) actions in Minnesota.
That situation comes after Senate Democrats, led by Senate Minority Leader Chuck Schumer, D-N.Y., signaled their plan to reject the DHS funding bill following the fatal shooting of 37-year-old Alex Pretti on Saturday by a border patrol agent. Cassidy, along with a handful of other congressional Republicans, demanded that the incident receive a fulsome and thorough investigation.
Still, Cassidy’s effort is not the first time he’s forayed into the Minnesota fraud scandal.
Earlier this month, the lawmaker led the entire Senate GOP in a letter to Minnesota Gov. Tim Walz, demanding that he provide receipts on several issues, and warned that failure to do so could lead to several streams of federal money flowing to Minnesota drying up.
That effort was centered on several requests, like how often the state conducted on-site monitoring, inspections or investigative visits to childcare facilities that received federal dollars.
Senate Republicans specifically wanted examples of any information uncovered on fake children, false attendance records, over-billing, ineligible enrollments, and shell or fake business structures, among other demands from Walz.
Venezuela opposition leader María Corina Machado argued that a successful democratic transition for her country would rapidly transform the nation’s economy and reverse years of instability, reshaping the region’s political landscape.
Machado told the New York Post in an interview that such an outcome would define Trump’s foreign policy legacy, comparing it to the fall of the Berlin Wall.
‘The legacy to the world is going to be huge,’ she explained. ‘You’re going to have a prosperous Venezuela and the region.… If you make a comparison in history, this would mean for the Americas as much as the fall of the Berlin Wall had for Europe. It’s equivalent.
‘For the first time in history, you will have the Americas free of communism, dictatorship and narco-terrorism for the first time,’ she added.
Machado said she intends to return to Venezuela soon to help drive a democratic transition despite the risks she faces under the country’s current government.
‘I need to be there. I want to go back as soon as possible,’ Machado said.
Her planned return would come at a pivotal moment for Venezuela, as interim President Delcy Rodríguez leads a U.S.-backed transition following the removal of Nicolás Maduro.
Rodríguez, a close ally of Maduro, was sworn into office on Jan. 5 after U.S. forces ousted the ex-leader and his wife, Cilia Flores, from their compound in Caracas during a military operation.
The duo were flown to New York and arraigned in federal court on multiple charges to which they pleaded not guilty.
Rodríguez has since been working with the White House and has spoken with President Donald Trump by phone.
Machado, however, voiced deep reservations about Rodríguez’s leadership, warning that the transition risks falling short without a broader break from the Maduro-era government.
‘If Delcy Rodríguez stays, nothing truly changes,’ she told the Post. ‘There will be no rule of law, no trust, no stability. Venezuelans will not come home under a criminal.’
More and more brutal evidence of the Iranian regime’s crackdown on its own people is circulating online, as the true number of those killed in Iran’s protests remains hotly contested amid internet blackouts and state intimidation. Estimates range from the thousands confirmed dead to the tens of thousands feared killed, according to activists, media reports and medical data.
Fatemeh Jamalpour, an Iranian journalist who has covered every major protest movement over the past two decades, said the latest crackdown represents a turning point in the regime’s use of force. ‘The regime’s level of violence has increased dramatically, and with the internet crackdown, it is difficult to know the true scale of the killing.’
‘The new thing I have seen in these protests, something we have not seen before, is that starting on the night of January 8, the regime issued shoot-to-kill orders to the IRGC, the Basij and the riot police, authorizing direct fire,’ Jamalpour told Fox News Digital.
‘In previous protests, military-grade weapons were used mainly in minority provinces such as Kurdistan and Baluchestan,’ she added. ‘This time they were used across the entire country… Health Ministry officials told us they ran out-of-body bags for the dead.’
The most widely cited baseline comes from the Human Rights Activists News Agency, or HRANA, a U.S.-based group that tracks deaths by name and location.
As of January 25, HRANA reported 5,848 people confirmed killed. Of these, 5,520 were protesters, 77 were children under 18, 209 were government-affiliated forces and 42 were non-protesters or civilians. The number of deaths still under investigation stands at 17,091.
The group has emphasized that its confirmed tally reflects only cases that could be independently documented, and that its overall figures are expected to rise as information continues to emerge.
According to The Associated Press, Iranian authorities have offered only one official count, 3,117, and have not updated it publicly in the last five days. Authorities have not released names, locations, or documentation to support that figure.
Beyond human rights tallies, a separate medical working paper reviewed by Fox News Digital suggests the death toll may be far higher.
The report by Munich Med Group, authored by professor Dr. Amir-Mobarez Parasta, compiles hospital-registered fatalities from multiple Iranian cities and applies what the author describes as a conservative extrapolation model to account for underreporting during the communications blackout.
Using that methodology, the paper estimates a nationwide death toll of approximately 33,130 people as of January 23. The author stresses the figure is not a verified count, but a lower-bound estimate based on partial medical data and stated assumptions.
Iran International published its own investigation, claiming it reviewed documents indicating that more than 36,500 people were killed during two days of protests on January 8 and 9 alone. The outlet said the documents were provided by sources inside Iran, but the claims have not been independently verified.
The wide gap between confirmed counts and higher estimates reflects not only the scale of violence, but also the conditions under which it occurred.
According to Jamalpour, despite the internet shutdown, doctors and medical workers attempted to document what they were seeing using limited satellite connections.
‘Many doctors and medical staff tried to send us their accounts and documentation through small Starlink connections,’ she said. ‘Medical workers say protesters were often shot in the head and neck, with intent to kill. Many were killed by multiple bullets. Some were shot from behind while trying to flee.’
Jamalpour said the victims she documented reflected a generation the regime appeared determined to crush. ‘Among the dead are children and a 67-year-old man, but most are young people under 30,’ she said.
Jamalpour described the killing of Mehdi Khanmohammadi, a 67-year-old retired army colonel and pilot. ‘He was killed on Friday, January 9, in Saadat Abad by two bullets,’ she said. ‘In a video, his daughter stands over his lifeless body and says, ‘Can you open your eyes and wake up?’’
She said scenes like that have left the country in collective mourning. ‘These days, Iranians are in shock,’ Jamalpour said. ‘There is grief everywhere.’
At the same time, she warned that the crackdown is far from over. ‘Lawyers and human rights organizations are deeply concerned about more than 20,000 protesters who have been detained and are at risk of execution,’ she said.
Yet even amid the fear, Jamalpour said she hears something new inside Iran. ‘In my conversations from inside the country, I hear people’s hope for Trump’s help in freeing Iran,’ she said. ‘And a determination to change the regime, now intertwined with anger and grief.’
