Market Signal Briefing

HOUSTON--(BUSINESS WIRE)--Civeo Corporation (NYSE: CVEO) (“Civeo” or “the Company”) today appointed Jeffrey B. Scofield and Daniel B. Silvers to its Board of Directors (the “Board”), effective immediately. Mr. Silvers' and Mr. Scofield's appointments are made in conjunction with a cooperation agreement that the Company has reached with Engine Capital LP (“Engine Capital”) and certain of its affiliates. Mr. Scofield will serve on the Audit and Finance and Investment Committees of the Board and M.

BTC recovered from $80,000 to $88,000, leading traders to believe the price bottom was reached.

TLDR

MegaETH canceled plans to expand its token sale from $250 million to $1 billion after technical failures disrupted the pre-deposit event on Tuesday
Configuration errors and KYC system failures from partner Sonar prevented verified users from accessing the platform during the scheduled opening
A multisig transaction meant for later use was executed too early, allowing unverified deposits to flow in and fill the $250 million cap instantly
The team froze deposits at $500 million and will offer withdrawals to users who want refunds while crediting them toward future rewards
No user funds were at risk during the technical breakdown, but MegaETH acknowledged the launch experience was unacceptable

MegaETH has abandoned its plan to raise $1 billion after a series of technical problems disrupted its pre-deposit event on Tuesday. The Ethereum layer-2 project initially aimed to collect $250 million from verified users but encountered multiple system failures that forced the team to halt expansion plans.

The pre-deposit window was designed to give KYC-verified users early access to lock in MEGA token allocations. Users would deposit USD Coin in exchange for USDm, a stablecoin being built with Ethena’s framework. The system broke down almost immediately after launch.

Configuration errors caused MegaETH’s Know Your Customer system to fail during the opening. The KYC partner, Sonar, experienced rate-limit issues that prevented users from completing verification. This blocked legitimate participants from accessing the deposit platform during the scheduled window.

A second problem emerged when a fully signed Safe multisig transaction was executed ahead of schedule. The team had prepared this transaction for a later cap increase. The early execution allowed new deposits to flow into the system before the team was ready.

How the $250 Million Cap Was Filled
The combination of failures created an unintended opening in the deposit window. Users who kept refreshing the pre-deposit website caught the random opening time. The $250 million cap filled almost instantly with deposits from people who happened to be monitoring the page.

The team attempted to fix the issues and raise the cap to $400 million, then $500 million. Each attempt came too late. The contract became oversubscribed before the new limits could take effect properly.

MegaETH froze deposits at $500 million and decided not to proceed with the planned $1 billion raise. The team said no user funds were at risk during the technical breakdown. They acknowledged the launch experience failed to meet expectations.

A withdrawal page is being prepared for users who want their funds returned. Participants who request refunds will still receive credit toward the MEGA token rewards program. The team plans to publish a detailed explanation of what went wrong and how they will prevent similar issues in the future.

Background on MegaETH and the Token Auction
The pre-deposit event followed a successful MEGA token auction that concluded on October 30. That auction offered 5 percent of the 10 billion token supply and attracted over $1.3 billion in commitments. The sale was fully subscribed within minutes of opening.

Bids in the auction ranged from $2,650 to $186,282 per allocation. Participants had the option to lock tokens for one year in exchange for a 10 percent discount. The overwhelming demand meant MegaETH would use a special allocation mechanism to distribute tokens among participants.

MegaETH is backed by major figures including Ethereum co-founders Vitalik Buterin and Joe Lubin. The project launched its testnet in March and aims to process 100,000 transactions per second with sub-millisecond latency. The MEGA token is scheduled to launch in early 2026.

The Stellar (XLM) network is experiencing its most active year of development in 2025, with a strong focus on attracting major financial institutions. However, XLM price performance has moved in the opposite direction despite solid fundamentals.

These developments highlight Stellar’s growing presence in cross-border payments. They also fuel expectations of a strong XLM price recovery toward the end of the year.

Sponsored

Stellar Expands Institutional ReachUS Bank — one of the largest commercial banks in the United States — has begun actively testing stablecoin issuance on the Stellar network.

A major traditional financial institution choosing Stellar over Ethereum or other layer-2 solutions signals a crucial milestone. It suggests that the network has reached the level of reliability and performance required by banks.

“For bank customers, we have to think about other protections around know your customers, the ability to unwind transactions, the ability to clawback transactions, and one of the great things about the Stellar platform as we did some more research and development on it was learning that they have the ability at their base operating layer to freeze assets and unwind transactions.”
— Mike Villano, Senior Vice President, Head of Digital Asset Products, US Bank, said.

This information spread rapidly through the XLM community, boosting confidence that US Bank’s move could encourage other banks to follow suit. Greater institutional adoption may support network usage and strengthen XLM pricing.

At the same time, AUDD — a 1:1 Australian dollar-backed stablecoin — officially surpassed $1 billion in organic transaction volume on Stellar. The milestone is notable because it reflects actual user and business activity, rather than wash trading or liquidity farming, which is often seen in other crypto projects.

Sponsored

Stellar Prioritizes Security as Institutional Privacy Needs GrowThe most significant technical advancement comes with the launch of X-Ray, part of Protocol 25, which introduces infrastructure for zero-knowledge-based privacy applications.

This development aligns with current market behavior. A report from BeInCrypto indicates that institutions are gradually shifting away from public-chain Ethereum toward privacy-focused blockchains.

Stellar’s implementation of advanced ZK technology strengthens its competitive advantage in the race for institutional capital.

Sponsored

Retail investors have also been shifting attention toward Zero-Knowledge (ZK) coins such as Zcash (ZEC) and StarkNet (STRK). These altcoins have performed well despite a broader market correction.

XLM Trades at the Most Critical Support Level of the YearAnalysts note that XLM is currently positioned directly on its strongest support zone of 2025.

This outlook is based on two key factors. First, XLM has repeated the same falling wedge structure twice this year. The previous pattern led to a sharp rebound.

Sponsored

Stellar (XLM) Falling Wedge Structure. Source: Elite CryptoSecond, XLM has flipped the 200-week EMA from resistance into support. This moving average points to strong demand near the $0.20 zone.

Beyond technical indicators, on-chain metrics signal rising XLM demand in DeFi. The total value locked (TVL) on Stellar has reached a new high of $168.8 million, despite a two-month decline in prices.

Stellar Total Value Locked. Source: DefiLlamaThe combination of institutional developments, privacy-focused upgrades, and strong technical support provides a basis for investors to anticipate an XLM recovery as the year comes to a close.

TL;DR

Monad’s MON token jumped 78% after its official launch, fueled by strong investor demand and a broader crypto market recovery.
The blockchain, developed over three years, sold 7.5 billion MON tokens at $0.025 each, implying a $2.5 billion valuation.
MON now trades at $0.04589, with a market cap of $497.04 million, delivering early profits to initial investors while attracting renewed market attention.

Monad’s MON token climbed sharply following its launch as investor interest and a Bitcoin rebound supported market momentum. The Ethereum-compatible blockchain, in development for over three years, is designed for fast and low-cost transactions. MON has risen 37.65% in the past 24 hours, reaching $0.04589 and signaling strong early adoption. Early trading volumes suggest a robust secondary market is forming, with investors increasingly monitoring network activity and on-chain metrics.

Investor Demand Drives Monad Token Growth
The public sale of 7.5 billion MON tokens between November 17 and 22 priced each token at $0.025, giving Monad a pre-launch valuation of $2.5 billion. On launch day, additional buying pressure pushed the price higher, bringing MON’s market cap close to $497.04 million. The network has already processed over three million transactions from 140,000 addresses, and more than 18,000 smart contracts have been deployed, according to Nansen data. These metrics indicate that developer engagement and real usage are expanding faster than many comparable launches, enhancing confidence in the platform.

Bitcoin Recovery Boosts Smaller Assets
MON’s surge aligns with a broader recovery in the crypto market after a multiweek decline that began on October 10. Bitcoin’s rebound of roughly 5% from its lows is lifting smaller tokens. Coinbase’s sale conditions, which discourage immediate selling, are further supporting MON’s stability. Early investors are seeing substantial gains while the project continues to demonstrate network activity. Additionally, growing attention from institutional investors may further support liquidity and long-term token adoption.

Pro-Crypto Vision and Long-Term Outlook
Monad is co-founded by former Jump Trading employees Keone Hon and James Hunsaker and has raised $248 million from Paradigm, Coinbase Ventures, and Dragonfly Capital. Unlike other recent blockchain launches such as Plasma or Berachain, which saw initial hype fade quickly, Monad’s combination of investor incentives and active network usage could help sustain momentum. 

Analysts suggest that MON’s strong start, functional blockchain, and strategic funding position it as a promising project in the evolving crypto ecosystem. The project’s roadmap emphasizes scalability, DeFi integration, and developer-friendly tools, which may contribute to continued growth.

TAO and ENA are today's top performers.

Although it managed to recover several grand since last Friday’s calamity, BTC has failed to decisively overcome the $87,000 resistance line.

In contrast, several altcoins have produced more impressive gains over the past day, including Pi Network’s native token, which is up by double digits weekly.

BTC Stopped at $88K Again
It was just over two weeks ago when the primary cryptocurrency was riding high at around $107,000. However, it quickly lost momentum, and the overall trend turned bearish with a price drop to a five-digit price territory by the end of that business week. Although it tried to rebound, it couldn’t challenge the $100,000 mark again, and the correction continued.

The culmination took place last Friday when the bears seemed in complete control. In the past of less than 24 hours, they drove BTC south hard to a seven-month low of under $81,000 (on most exchanges). After losing more than $25,000 in days, bitcoin finally bounced off and jumped to around $84,000, where it spent most of the weekend.

The recovery attempts continued on Monday and especially Tuesday when it jumped to $89,000. However, it couldn’t keep climbing and has slipped to $87,000 as of press time.

Its market cap has dropped to $1.735 trillion on CG, while its dominance over the altcoins stands still at 56.4%.

BTCUSD. Source: TradingView
PI Sees Weekly High
Most larger-cap alts have charted insignificant moves over the past day. On one hand, ETH, BNB, SOL, TRX, DOGE, ADA, and LINK are slightly in the green, while XRP and ZEC are with minor losses.

More impressive gains come from BCH, HYPE, XMR, and SHIB – all of which have jumped by up to 4%. ENA has surged by 6%, while TAO is up by 6.5%. Some rumors of an upcoming big update pushed Pi Network’s PI token higher today, jumping to a weekly high of over $0.25.

The total crypto market cap has remained essentially unchanged from yesterday, at around $3.075 trillion on CG.

Cryptocurrency Market Overview Daily. Source: QuantifyCrypto

, /PRNewswire/ -- Immunic, Inc. (Nasdaq: IMUX), a late-stage biotechnology company pioneering the development of novel oral therapies for neurologic and gastrointestinal diseases, today announced that Daniel Vitt, Ph.D., Chief Executive Officer of Immunic, will participate in a fireside chat on Thursday, December 4, 2025 at 9:35 am ET at the 8th Annual Evercore ISI Healthcare Conference, taking place December 2-4, 2025 in Coral Gables, FL.

A webcast will be available on the "Events and Presentations" section of Immunic's website at: https://ir.imux.com/events-and-presentations.

Dr. Vitt and Jason Tardio, President and Chief Operating Officer of Immunic, will also participate in one-on-one investor meetings at the conference. To schedule a meeting, please contact your Evercore ISI representative or Jessica Breu at: [email protected].

About Immunic, Inc.
Immunic, Inc. (Nasdaq: IMUX) is a late-stage biotechnology company pioneering the development of novel oral therapies for neurologic and gastrointestinal diseases. The company's lead development program, vidofludimus calcium (IMU-838), is currently in phase 3 clinical trials for the treatment of relapsing multiple sclerosis, for which top-line data is expected to be available by the end of 2026. It has already shown therapeutic activity in phase 2 clinical trials in patients suffering from relapsing-remitting multiple sclerosis and progressive multiple sclerosis. Vidofludimus calcium combines neuroprotective effects, through its mechanism as a first-in-class nuclear receptor related 1 (Nurr1) activator, with additional anti-inflammatory and anti-viral effects, by selectively inhibiting the enzyme dihydroorotate dehydrogenase (DHODH). IMU-856, which targets the protein Sirtuin 6 (SIRT6), is intended to restore intestinal barrier function and regenerate bowel epithelium, which could potentially be applicable in numerous gastrointestinal diseases, such as celiac disease as well as inflammatory bowel disease, Graft-versus-Host-Disease and weight management. IMU-381, which currently is in preclinical testing, is a next generation molecule being developed to specifically address the needs of gastrointestinal diseases. For further information, please visit: www.imux.com.

Cautionary Statement Regarding Forward-Looking Statements
This press release contains "forward-looking statements" that involve substantial risks and uncertainties for purposes of the safe harbor provided by the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, included in this press release regarding strategy, future operations, future financial position, future revenue, projected expenses, sufficiency of cash and cash runway, expected timing, development and results of clinical trials, prospects, plans and objectives of management are forward-looking statements. Examples of such statements include, but are not limited to, statements relating to management's and employee's participation in investor conferences. Immunic may not actually achieve the plans, carry out the intentions or meet the expectations or projections disclosed in the forward-looking statements and you should not place undue reliance on these forward-looking statements. Such statements are based on management's current expectations and involve substantial risks and uncertainties. Actual results and performance could differ materially from those projected in the forward-looking statements as a result of many factors, including, without limitation, increasing inflation, tariffs and macroeconomics trends, impacts of the Ukraine – Russia conflict and the conflict in the Middle East on planned and ongoing clinical trials, risks and uncertainties associated with the ability to project future cash utilization and reserves needed for contingent future liabilities and business operations, the availability of sufficient financial and other resources to meet business objectives and operational requirements, the fact that the results of earlier preclinical studies and clinical trials may not be predictive of future clinical trial results, any changes to the size of the target markets for the company's products or product candidates, the protection and market exclusivity provided by Immunic's intellectual property, risks related to the drug development and the regulatory approval process and the impact of competitive products and technological changes. A further list and descriptions of these risks, uncertainties and other factors can be found in the section captioned "Risk Factors," in the company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024, filed with the SEC on March 31, 2025, and in the company's subsequent filings with the SEC. Copies of these filings are available online at www.sec.gov or ir.imux.com/sec-filings. Any forward-looking statement made in this release speaks only as of the date of this release. Immunic disclaims any intent or obligation to update these forward-looking statements to reflect events or circumstances that exist after the date on which they were made. Immunic expressly disclaims all liability in respect to actions taken or not taken based on any or all of the contents of this press release.

Contact Information

Immunic, Inc.
Jessica Breu
Vice President Investor Relations and Communications
+49 89 2080 477 09
[email protected]

US IR Contact
Rx Communications Group
Paula Schwartz
+1 917 633 7790
[email protected]

US Media Contact
KCSA Strategic Communications
Caitlin Kasunich
+1 212 896 1241
[email protected]

SOURCE Immunic, Inc.

November 26, 2025 6:30 AM EST | Source: Cabral Gold Inc.
Vancouver, British Columbia--(Newsfile Corp. - November 26, 2025) - Cabral Gold Inc. (TSXV: CBR) (OTCQB: CBGZF) ("Cabral" or the "Company") is pleased to announce the completion of all transaction documents for the previously announced arm's length gold loan agreement and the receipt of the entire US$45.1M principal amount (the "Principal Amount") under the gold loan between Precious Metals Yield Fund, (the "Lender") and Magellan Minerais Prospecção Geológica Ltda., a wholly-owned subsidiary of the Company (the "Borrower").

The Company has entered into binding transaction agreements, including all necessary Finance Agreements and the Intercreditor Agreements and has issued a draw down notice to the Lender and received the Principal Amount under the Gold Loan equal to 345 kilograms of gold at a value of US$45,121,732. No finders fees are payable in connection with the Gold Loan and the terms of such Gold Loan are substantially consistent with those disclosed in the Company's news release dated October 16, 2025. The Borrower's obligations under the Gold Loan will be secured by, among other things, corporate guarantees and first ranking security from each of the Company, the Borrower and Cabral Gold B.C. Inc., a wholly owned subsidiary of the Company.

The Company expects to use the proceeds of the Gold Loan to fully fund the construction for the Cuiú Cuiú Heap Leach gold starter project (the "Project"), which has an estimated capex of US$37.7 million as per the Company's Pre-feasibility study released on July 29, 2025.

Concurrent with the receipt of the Principal Amount under the Gold Loan, the Company issued 10,000,000 non-transferrable common share purchase warrants of the Company (the "Warrants") to the Lender. Each Warrant entitles the Lender to acquire one common share of the Company (each, a "Warrant Share") for a period of 24 months following the date hereof at an exercise price of C$0.71 per Warrant Share, representing a 50% premium on the 5-day VWAP ending 15th October, 2025, being the day prior to the initial announcement of the Gold Loan. The Warrants, and Warrant Shares, are subject to a hold period expiring four months and one day from the date hereof in accordance with applicable Canadian securities laws.

With approximately C$66 million in the treasury following receipt of the Principal Amount, the Company has pre-emptively accelerated its early works program into full construction mode in support of the first gold pour planned for Q4, 2026. As of today's announcement, the Company has 141 employees and contractors on site at Cuiú Cuiú for construction and support roles, excluding the exploration team.

Additionally, the financial flexibility provided by this Gold Loan will allow the Company to continue to execute its exploration drilling program during construction of the Project, which is aimed expanding the hard rock resource base, which was last updated in September 2022, and will form the basis of the much larger Stage 2 development of the Cuiú Cuiú project.

The Gold Loan and the related issuance of the Warrants to the Lender have been conditionally approved by the TSX Venture Exchange (the "TSXV") and remain subject to final approval of the TSXV.

Project Financing and Initial Capital

The US$45.1 million in proceeds from the Gold Loan financing fully funds the initial capital costs to develop the Project based on the Updated Pre-Feasibility Study prepared by Ausenco earlier this year and released on July 29, 2025 (the "Updated PFS"). The results of this study indicated that an attractive opportunity exists to monetize the gold in surface oxide blankets at Cuiú Cuiú. With a 1 Mtpa capacity Heap Leach plant, the Project has a 6.2-year mine life, producing gold at an all-in-sustaining operating cost of US$1,210 per ounce. The investment is modest, with capital costs estimated at US$37.7 million, of which approximately US$6 million has been invested to date in early works activities. Commissioning of the Project is planned for Q3 2026, with production scheduled for Q4 2026.

The Project returns an IRR of 78% and an NPV5 of US$74 million, with a project payback period of 10 months at the base case gold price of US$2,500 per ounce (see press release dated July 29, 2025). The anticipated financial returns of the Project have greatly increased since the release of the Updated PFS, following the recent substantial rise in gold prices.

The Gold Loan provides capital at a very attractive cost of capital, especially in relation to the forecast returns of the Project. It also provides Cabral with the security of locking in the current gold price for all debt service obligations, while retaining the upside exposure on all gold reserves and resources at Cuiu Cuiu that are not allocated to the debt service of the Gold Loan.

About Cabral Gold Inc.

The Company is a junior resource company engaged in the identification, exploration, and development of mineral properties, with a primary focus on gold properties located in Brazil. The Company has a 100% interest in the Cuiú Cuiú gold district located in the Tapajós Region, within the state of Pará in northern Brazil. Three main gold deposits have so far been defined in the Cuiú Cuiú gold district which contain National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") compliant Indicated resources of 12.29Mt @ 1.14 g/t gold (450,200oz) in fresh basement material and 13.56Mt @ 0.50 g/t gold (216,182oz) in oxide material. The Cuiú Cuiú gold district also contains Inferred resources of 13.63Mt @ 1.04 g/t gold (455,100oz) in fresh basement material and 6.4Mt @ 0.34 g/t gold (70,569oz) in oxide material. The resource estimate for the primary material is based on the NI 43-101 technical report dated October 12, 2022. The resource estimate for the oxide material at the Company's PDM and MG deposits are based on a NI 43-101 technical report dated October 21, 2024. The resource estimates for the oxide material at the Central and Machichie deposits are based on the Updated PFS NI 43-101 technical report dated September 10, 2025.

The Tapajós Gold Province is the site of the largest gold rush in Brazil's history which according to the ANM (Agência Nacional de Mineração or National Mining Agency of Brazil) produced an estimated 30 to 50 million ounces of placer gold between 1978 and 1995. Cuiú Cuiú was the largest area of placer workings in the Tapajós and produced an estimated 2Moz of placer gold historically.

Qualified Person and Technical Information

Technical information included in this release was supervised and approved by Brian Arkell, B.S. Geology and M.S. Economic Geology, SME (Registered Member), AusIMM (Fellow) and SEG (Fellow), Cabral Gold's Vice President, Exploration and Technical Services, and a Qualified Person under NI 43-101.

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

Forward-looking Statements

This news release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively "forward-looking statements"). The use of the words "will", "expected" and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such factors include, among others, risks relating to the Company's ability to obtain final TSXV approval for the Gold Loan and the issuance of the Warrants, the Company's ability to use the net proceeds of the Gold Loan as described in this news release, the Company's ability to complete construction of the Project and begin production on the projected timelines and cost estimates (if at all), the ability and timing (if at all) to complete future exploration programs, the ability of exploration activities (including drill results) to accurately predict mineralization, and the ability to adapt to changes in gold prices, estimates of costs, estimates of planned exploration and development expenditures; the profitability (if at all) of the Company's operations. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Any forward-looking statements contained in this news release represent management's current expectations and are based on information currently available to management and are subject to change after the date of this news release. The Company is under no obligation (and expressly disclaims any such obligation) to update or alter any forward-looking statements, the factors or assumptions underlying them, whether as a result of new information, future events or otherwise, except as required by law. All of the forward-looking statements in this news release are qualified by the cautionary statements herein.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/276014

November 26, 2025 6:30 AM EST | Source: Ivanhoe Mines Ltd.
 Mark Farren, Chief Operating Officer, to transition from executive role to become Strategic Advisor to the board

Tom van den Berg, Executive Operations at Kamoa-Kakula to be appointed Chief Operating Officer following handover period

Mining industry leader Nick Popovic appointed as Strategic Advisor to the board

Significant further personnel additions planned to enhance operational capabilities

Manfu Ma steps down from Ivanhoe board after six years of dedicated service; Xianwen Wu, CITIC Metal General Manager, joins Ivanhoe board

Ivanhoe Mines to issue Kamoa-Kakula's 2026 & 2027 copper production guidance next week

Johannesburg, South Africa--(Newsfile Corp. - November 26, 2025) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chair Robert Friedland and President and Chief Executive Officer Marna Cloete announce today key management and board appointments of Ivanhoe Mines.

After more than ten years in various key operational leadership positions at Ivanhoe Mines, Mark Farren, Chief Operating Officer, will transition from his executive role to become Strategic Advisor to the board. In his capacity as Strategic Advisor, Mr. Farren will continue to support the delivery of Ivanhoe's next phase of organic growth, including the Platreef Phase 2 expansion and the development of the Western Forelands.

Tom van den Berg, Senior Executive, Operations at Kamoa-Kakula, will be appointed as Ivanhoe Mines' Chief Operating Officer, effective January 1, 2026. Mr. van den Berg will remain at Kamoa-Kakula for an interim period to oversee the ongoing operational recovery and turnaround strategy.

Mr. van den Berg will also be responsible for building out technical expertise and operational excellence across the Ivanhoe Mines organization, with significant further personnel additions planned in the near term.

Mining industry leader Nick Popovic joins Ivanhoe Mines as a Strategic Advisor to the board. Mr. Popovic brings a wealth of knowledge from over three decades with Glencore International AG, including significant experience in both the Democratic Republic of the Congo and Kazakhstan, and he will advise the company in terms of commercial and operational matters, as well as growth strategy.

In addition, Manfu Ma, will step down from Ivanhoe Mines' Board of Directors. Ivanhoe Mines extends its deepest appreciation to Mr. Ma for his distinguished service since his appointment in August 2019. In his place, Ivanhoe Mines welcomes Mr. Xianwen Wu to the board of directors, effective November 26, 2025. Mr. Wu is currently the General Manager of CITIC Metal Group and has over 30 years of experience in international commodity trading and mining investment.

Ivanhoe Mines plans to issue Kamoa-Kakula's 2026 and 2027 copper production week commencing December 1, 2025.

Ivanhoe Mines Executive Co-Chair, Robert Friedland, commented:

"The next chapters of Ivanhoe's growth are going to be nothing short of extraordinary, and we are positioned well following the appointments of Tom van den Berg, Mark Farren, and Nick Popovic. I couldn't be more energized and excited about what is yet to come.

"I also extend my sincere thanks to Manfu Ma for his wisdom, support, and unwavering dedication in shaping the development of the Kamoa-Kakula Copper Complex, and in the process building Ivanhoe Mines into a world-class company with now three operating mines. Since joining the board in 2019, Mr. Ma has been instrumental in Kamoa-Kakula's three phases, each of which were delivered ahead of schedule. We welcome Xianwen Wu to our board, and we look forward to continuing to work with CITIC Metal on our shared vision for a bright future."

Ivanhoe to appoint Tom van den Berg as Chief Operating Officer following handover period

Tom van den Berg, Chief Operating Officer, Ivanhoe Mines

To view an enhanced version of this graphic, please visit:
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Tom van den Berg will join Ivanhoe Mines as Chief Operating Officer on January 1, 2026 from Kamoa Copper, where he was appointed Senior Executive, Operations in February 2025. For an interim period, he will remain at Kamoa-Kakula as Ivanhoe Mines' senior management designate to oversee the ongoing recovery and turnaround plan at Kamoa-Kakula.

Mr. van den Berg has 37 years of mining and mine development experience across Southern Africa, spanning numerous operational leadership and management roles at Sibanye-Stillwater, Harmony Gold, and Anglo American Platinum (now Valterra Platinum).

Mr. van den Berg has extensive underground and open-pit mining expertise and has experience developing strategic long-term operating partnerships and leading award-winning community and stakeholder engagement programs.

Mr. van den Berg holds a Master's degree in Business Leadership and a Bachelor's degree in Mining Engineering. He is also a Fellow at the Southern African Institute of Mining and Metallurgy.

Mark Farren, Chief Operating Officer, to transition from executive role to become Strategic Advisor to the board

Mark Farren Strategic Advisor, Ivanhoe Mines

To view an enhanced version of this graphic, please visit:
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Mark Farren will transition to a new role as Strategic Advisor to the board. Mr. Farren will assist Mr. van den Berg with the build-out of a technical centre of excellence, and retaining and developing skills within the group that will be vital to continuing the strong track record Ivanhoe Mines has achieved to date.

Mr. Farren has overseen a remarkable phase of project execution and growth at Ivanhoe Mines, including the delivery of nine major capital projects in the past five years while as Chief Operating Officer at Ivanhoe Mines and Chief Executive Officer at Kamoa Copper. This includes the construction of Kamoa-Kakula's Phase 1, 2 and 3 operations and subsequent debottlenecking, Kamoa-Kakula's on-site direct-to-blister copper smelter, the rehabilitation and construction of Kipushi Mine, the recently-opened Phase 1 operation at Platreef, as well as the refurbishment of the hydroelectric facilities at Mwadingusha and Turbine #5 at Inga II.

Given his wealth of experience, Mr. Farren will continue to support the board of directors and management team on the delivery of Ivanhoe's next phase of organic growth, including the further expansions of the Platreef Mine and the commencement of development of the Makoko District in the Western Forelands.

Ivanhoe Mines appoints recognized industry leader, Nick Popovic, as Strategic Advisor

Nick Popovic Strategic Advisor, Ivanhoe Mines 

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Nick Popovic has been appointed as a Strategic Advisor to the board, to assist with the growth strategy of the company as well as advise on commercial and operational matters.

Mr. Popovic is a highly accomplished professional in the metals and mining industry, with over 30 years of trading and operational experience. Mr. Popovic began his career at Marc Rich + Co, which later became Glencore International AG, in 1992, trading base metals.

Over the course of his tenure at Glencore, Mr. Popovic ascended to a senior executive role as Co-Head of Copper, Zinc, Lead, and Cobalt trading, before retiring in 2023.

While at Glencore, Mr. Popovic was also integral in the company's acquisition and expansion of Kazzinc, following its privatization in 1997. He initially served as Chief Executive Officer of Kazzinc from 1998, overseeing multiple phases of investment and growth during his tenure. In 2014, Mr. Popovic was Chairman of Kazzinc until 2024.

Mr. Popovic holds a Master's degree in Economics from Cambridge University.

Manfu Ma steps down from Ivanhoe board of directors after six years of dedicated service; Xianwen Wu, CITIC Metal General Manager, joins Ivanhoe board

Xianwen Wu Board of Directors, Ivanhoe Mines

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Manfu Ma, is stepping down as a director of Ivanhoe Mines, having served as a member of Ivanhoe Mines' Board of Directors since August 16, 2019. Since joining the board in 2019, Mr. Ma has provided invaluable guidance, strategic insight, and steadfast support during a transformative period in the company's growth.

CITIC Metal nominates Mr. Xianwen Wu to replace Mr. Ma on the board of directors, effective November 26, 2025.

Mr. Wu is currently the General Manager of CITIC Metal Group, the parent company of CITIC Metal Africa Investment Limited, as well as the Chairman of CITIC Metal Co. Limited. Mr. Wu joined CITIC Group in 1994 and has over 30 years of experience in international commodity trading and mining investment.

About Ivanhoe Mines

Ivanhoe Mines is a Canadian mining company focused on advancing its three principal projects in Southern Africa; the expansion of the Kamoa-Kakula Copper Complex in the DRC, the ramp-up of the ultra-high-grade Kipushi zinc-copper-germanium-silver mine, also in the DRC; and the phased development of the tier-one Platreef palladium-nickel-platinum-rhodium-copper-gold mine in South Africa.

Ivanhoe Mines is also exploring across its highly prospective, 60-100% owned exploration licences in the Western Forelands, covering an area over five times larger than the adjacent Kamoa-Kakula Copper Complex. Ivanhoe is exploring for new sedimentary copper discoveries, as well as expanding and further defining its high-grade Makoko, Kiala, and Kitoko copper discoveries as the company's next major development projects.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/276012

Shiba Inu breaks a key trendline and shows early recovery momentum as analysts track new support levels and potential upside targets for SHIB.

Newton Gitonga2 min read

26 November 2025, 11:15 AM

Shiba Inu gained new strength after breaking a major trendline, according to analyst TraderSZ. He stated that SHIB was “also breaking out,” pointing to improving sentiment. His comments came during a broader relief rally after Bitcoin briefly touched $89,000 earlier today. The move placed SHIB among the altcoins benefiting from renewed confidence.

SHIB Breaks Descending Structure After Extended WeaknessShiba Inu climbed 4% today to $0.000008632 after falling to $0.00000678 last week. For most of November, SHIB moved inside a steady downward structure, forming lower highs and lower lows. Recent price action shows the token pushing above a descending trendline that held for several weeks. Analysts viewed this move as an early sign that buyers were regaining control after a long period of weakness.

SHIB price chart, Source: CoinMarketCap

TraderSZ noted that the breakout followed a brief consolidation near the $0.000007 level. SHIB then moved above a diagonal resistance point for the first time in weeks, signaling improved momentum. Breaking a trendline often marks the first phase of a potential shift, especially after sustained selling pressure. SHIB lost the $0.00001 price level in October and has struggled to reclaim it, making today’s progress more notable.

Source: X

A higher high would confirm a stronger reversal and reinforce SHIB’s recovery attempt. The current breakout provided traders with a structural signal that the downtrend may be weakening. SHIB’s position above resistance now places attention on its next move.

SHIB Attempts to Extend Breakout as Analysts Map Key Targets Shiba Inu’s recovery comes as several altcoins, including Dogecoin, attempt to bounce from recent sell-offs. SHIB’s momentum now depends on whether the broader market maintains strength and attracts consistent buying interest.

Last week, analyst Kledji Cuni said SHIB was approaching major support at $0.0000067. He described the zone as an area that historically aligned with cycle bottoms and sparked rebounds. Cuni mapped possible upside targets at $0.0000170, $0.0000320, and $0.0000420. These levels represent potential gains of 150% to 500% if SHIB extends its current breakout.

Analyst Shib Knight also expressed confidence at current levels. He described the range as a quiet accumulation zone and said he planned to continue DCAing if conditions remained stable.

TraderSZ did not give a specific target but emphasized that breaking the long-standing trendline warranted close attention. Analysts agreed that SHIB must hold above its breakout level and establish a higher high to confirm a sustained recovery.

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Newton Gitonga

Newton Gitonga covers cryptocurrencies, blockchain, and digital finance. He specializes in breaking down complex trends with clear, data-driven reporting. His work focuses on market analysis, technical insights, and the evolving role of altcoins in shaping global markets.

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Latest Shiba Inu News Today (SHIB)

Bitcoin hovers below recent highs after a modest bounce, with mixed technical signals and fading gains across leading cryptocurrencies this week.

Bitcoin, ethereum, and ripple opened the week stronger but lost momentum, with bitcoin trading below key resistance near $86,000.
Technical indicators suggest near-term uncertainty: RSI moved up from oversold, while MACD points to ongoing buyer activity.
Coinbase UK’s CEO notes increased institutional involvement and pilot programs in Europe, yet medium-term bitcoin outlook stays optimistic.

Bitcoin declined slightly over the past 24 hours, trading below recent highs around $86,000, according to market data. The cryptocurrency found support at psychological price levels on Friday before staging a modest recovery.

Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) opened the week with gains but have since shown fading momentum, market analysts reported. The leading cryptocurrencies are hovering around key technical levels as buyers have been unable to push prices higher in the near term.

Bitcoin’s technical analysis paints a mixed picture
Technical analysis of Bitcoin’s 4-hour chart indicates bearish conditions, with the cryptocurrency failing to overcome a key resistance barrier. If the recovery continues, Bitcoin could rally toward the next resistance level, according to technical indicators. Conversely, failure to break through resistance could lead to further declines toward key psychological support levels.

The Relative Strength Index on the 4-hour chart moved below the oversold threshold last week, suggesting declining downside pressure. The MACD indicator lines are approaching the bullish zone, indicating buyers remain active in the market.

Keith Grose, CEO of Coinbase UK, commented on current market conditions, stating, “Market conditions are shifting as institutions across Europe take a more structured and regulated approach to digital assets. We’re seeing clearer frameworks emerge, stronger infrastructure being developed, and early examples of central banks and financial institutions running controlled pilots to build practical understanding – including the Czech National Bank’s recent decision to test a small, ring-fenced portfolio of digital assets.”

Analysts maintain an optimistic outlook for Bitcoin’s price appreciation over the medium to long term, though near-term price action remains dependent on whether current support levels hold.

Cover image via U.Today

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

XRP recently experienced one of the most severe short-term drops of the year, falling about 30% overnight before making an effort to partially recover. The price chart illustrates the exact course of events: XRP broke below the lower edge of its descending channel, sliced straight through support between $2.15 and $2.20, and only then discovered sufficient liquidity to return to the channel.

XRP longs position droppingThis type of move necessitates a wave of liquidations and forced selling, which the data supports. It does not occur on thin trading. Over a number of time periods, the CoinGlass metrics show a sharp increase in liquidation activity. Over $1.14 million in XRP liquidations occurred in just a 12-hour period, with the great majority of those liquidations hitting long positions.

A similar pattern can be seen in the 24-hour liquidation tally: short liquidations remained comparatively muted, while long traders took a hit. The rapid decline can be explained by this imbalance; leveraged long traders were completely eliminated.

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Source: CoinglassVolume distribution among exchanges is another important factor. According to the XRP Spot Volume Heatmap, MEXC and Binance have the highest trading loads, both reporting volume of over $1.7 billion. These are typically the first locations where cascading liquidations lead to follow-through sales, and this instance was obviously one of those.  

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The long/short ratios had an impact as well. Even as the price declined, Binance’s long-to-short ratio (2.55 to 1) remained significantly skewed toward longs. This kind of lopsided market is always susceptible to liquidation cascades, where liquidation engines take over when support fails.

XRP is not that badThe price chart’s only indication of bullish structure is that XRP recovered above the lower trendline of its descending channel in spite of the decline. Additionally, the RSI recovered from almost oversold levels, indicating that sellers might be losing steam.

Whether or not volume stabilizes will determine what happens next. XRP might try to grind back toward $2.30-$2.40 if network and exchange flows return to normal. However, if futures flows continue to be skewed toward outflows and inflows continue to be negative, another retest of the $2.00 zone is likely.

Dogecoin’s journey from being a fun memecoin to garnering popularity from the likes of SpaceX/Tesla boss Elon Musk is cementing itself into the mainstream as Grayscale’s GDOG ETF started trading on NYSE Arca on Monday with a zero-fee structure for its first $1 billion, marking the first U.S.-listed spot DOGE exchange-traded fund (ETF).

However, debut trading volume for the much-anticipated DOGE product came in drastically lower than expected by pundits.

Grayscale’s GDOG Underwhelming Debut
Bloomberg’s senior ETF analyst noted that GDOG recorded $1.41 million in day-one trading volume but no net inflows, marking a much quieter start than his initial volume estimation of $12 million in debut trading.

“Solid for an average launch but low for a ‘first-ever spot’ product,” Balchunas wrote in a post on X. “Not too surprising [though], we actually made a rhyme a while ago predicting this: ‘The further away you get from BTC, the less asset there will be.’”

Dogecoin is the 10th biggest crypto by market cap at $22.8 billion, according to crypto data provider CoinGecko. The coin started as a meme featuring the Shiba Inu dog that later caught Musk’s attention as the centibillionaire frequently posted about the OG memecoin. 

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The muted launch for GDOG pales in comparison to recently listed ETFs tracking the prices of Solana and XRP. Earlier this month, Canary Capital’s spot XRP fund (XRPC) raked in roughly $58 million in trading volume, the strongest debut of any ETF launched this year.

Canary’s XRPC even surpassed the Solana staking ETF from Bitwise — which registered approximately $57 million in trading volume on day one in October.

Grayscale’s GDOG is now the second to list in the U.S. following the debut of the REX-Osprey DOGE ETF in September. That one took a different approach since it is registered under the Investment Company Act of 1940, which provides a 75-day approval window, but does not directly hold the cryptocurrency.

Another Dogecoin ETF is expected to hit the market soon, after NYSE Arca filed with the U.S. Securities and Exchange Commission (SEC) on Tuesday to certify its approval and listing of Bitwise’s Dogecoin ETF (BWOW), which Bitwise announced would start trading on Wednesday.

Meanwhile, DOGE’s price is trading just around $0.1502, over 79% from its all-time high of $0.7316, according to CoinGecko. Over the last seven days, the altcoin has witnessed a decline of over 5%, exacerbated by the broader crypto market correction that started in October.

The SPX price prediction 2025 gains attention this week as the memecoin rebounds sharply from its long-standing demand zone. With rising weekly and intraday gains, growing holder accumulation, and supportive moves in BTC and the S&P 500 index itself, traders are watching whether this momentum can fuel a stronger rally into December.

SPX Price Prediction 2025 Strengthens as Weekly Gains Lead the Meme MarketAmong the top 15 memecoins by market cap, only three SPX, FART, and B are posting simultaneous positive gains on weekly and intraday timeframes, also. Notably, SPX/USD stands out with 18% weekly and 20% intraday growth, while others show only mild upside on weekly gains. This suggests investor interest is flowing into SPX 6900 crypto more.

Part of this momentum comes from broader market dynamics. Bitcoin’s rise from $80,500 to $87,000 this week has renewed risk-on appetite, creating a favorable backdrop for memecoins. 

Likewise, the S&P 500 index is climbing and making price action aimed toward a potential new all-time high surpassing $6926 is indirectly elevating attention toward its parody version, SPX memecoin, reinforcing speculative enthusiasm.

Accumulation Grows as SPX Price USD Rebounds from Key Demand ZoneAnother constructive signal emerges from holder trends. Holderscan data shows that since the October crash from $1.60, investors have steadily accumulated SPX. Holder count increased from 105,210 in late October to 107,910 in late November, confirming persistent demand at lower price levels. This period reflects strategic accumulation as SPX/USD traded at a discount.

Similarly, its price action aligned with this behavior. The longstanding demand zone between $0.40 and $0.58 remained active through the recent downturn, and once again acted as the base for a trend reversal. 

As of writing, the SPX price today stands at $0.6436 with a market cap of $599.19 million, signaling renewed confidence from traders betting on a December breakout.

SPX Price Chart Shows Path Toward $1 and Beyond, If Momentum SustainsTechnically, the closest logical target in the near term is the $1 level, a major resistance that has capped SPX for now. Should SPX price USD close above this threshold in December, a reclaim of $1.60 becomes feasible, which would imply a potential 160% rally from current levels.

Supporting this outlook, liquidity data from Coinglass highlights strong liquidity clusters at $1.20 and $1.70, suggesting these zones may act like magnets during a bullish rally. These levels align well with current SPX price forecast expectations for a December or 2026-first-half continuation.

However, if bullish momentum fades, consolidation back toward $0.40 could persist into early 2026. Thus, the SPX price prediction 2025 ultimately depends on maintaining holder strength while avoiding liquidity traps.

With market-wide risk appetite rising faintly for now and SPX holders steadily accumulating, the SPX price prediction 2025 hinges on whether momentum can sustain above the long-protected demand zone. 

Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

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TL;DR

CleanSpark reports strong fiscal 2025 results, driven by expanding bitcoin mining capacity and growing investment in AI-focused infrastructure.
Revenue reached $766.3 million with a sharp shift from losses to profitability.
The company positions its power and computing assets to support both bitcoin mining and high-performance AI workloads, reinforcing its strategy in advanced data-center development.

CleanSpark, one of the largest bitcoin miners in the United States, reported significant revenue growth and a sharp turnaround in profitability for fiscal 2025 while accelerating its push into data centers that support artificial intelligence. The company continues building computing capacity tied to energy-focused infrastructure, signaling that bitcoin miners may evolve into long-term suppliers of power and compute resources for emerging AI industries.

CleanSpark Strengthens Position With Bitcoin and AI Integration
The firm posted $766.3 million in revenue, more than doubling results from the prior year, and moved from a net loss to a $364.5 million profit. CEO Matt Schultz said strong operating performance came from surpassing 50 EH/s of mining capacity and financing growth through convertible debt and bitcoin-backed credit rather than frequent equity issuance. This strategy, he said, provides stronger balance-sheet control as the company expands into broader computing markets.

CleanSpark executives highlighted that its data-center expansion aligns naturally with bitcoin mining operations. Infrastructure that secures the Bitcoin network can also support machine-learning workloads, and the company’s power assets contribute to lower operating costs. CFO Gary Vecchiarelli stated that CleanSpark’s treasury strategy and asset base offer an advantage as demand for high-density computing infrastructure grows across the AI sector.

AI Expansion Shows How Bitcoin Miners Evolve
The company deepened its AI shift by hiring Jeffrey Thomas, formerly at Humain, to lead its new data-center division. CleanSpark is reviewing existing Georgia facilities for conversion and evaluating large-scale campus developments suited for AI compute clusters. This aligns with a broader movement in which bitcoin miners seek new revenue streams linked to energy-efficient data processing.

CleanSpark also announced a $1.15 billion zero-coupon convertible notes deal that enabled the repurchase of 30.6 million shares and supported land acquisition, additional power development, and AI-focused infrastructure. Its balance sheet included $1.2 billion in bitcoin holdings and more than $3.2 billion in total assets, maintaining the firm’s status as one of the largest public bitcoin holders.

CleanSpark describes fiscal 2025 as the beginning of broader growth in computing services powered by bitcoin mining infrastructure.

Ian Murray

Good afternoon everybody. My name is Ian Murray, as Chair of Jupiter Mines. It is my pleasure to welcome you to the company's 2025 Annual General Meeting.

I would like to begin by acknowledging Whadjuk, their Elders, past, present and emerging. I also extend my acknowledgment to the local communities of the Northern Cape in South Africa, where the Tshipi manganese mine is located.

We recognize their cultural heritage and longstanding relationship with those lands. I extend a warm welcome to our shareholders who are joining us both online and in person.

I am joined in person today by my fellow, Nonexecutive Directors, Scott Winter and Sally Langer, with Kiho Han joining us online from Sydney.

We are also joined by our Managing Director, Brad Rogers, our Company Secretary and Chief Financial Officer, Melissa North, Kate Noone from MUFG, who's still outside at the reception desk as our share registry representative, and Graham Hogg and Sharon Inglis from our auditors, KPMG.

I am privileged to provide you with an update of our business. The 2025 financial year was a record-breaking one for the Tshipi manganese mine, achieving record operational and sales results. This enabled Jupiter to continue its track record of outstanding returns for shareholders.

Jupiter declared a total dividend of $0.015 per share in financial year '25, which included a final dividend of $0.0075 per share. Tshipi delivered its highest-ever mining volumes during the year, totaling 15 million bank cubic metres, BCMs. The mine processed 3.72 million tons of material and exported 3.6 million tons of manganese ore, setting new records for both of these.

Shares in Valneva VLA 7.02%increase; green up pointing triangle rose after the French biotech company reported positive final data from a mid-stage study of a Lyme disease vaccine candidate it is developing with Pfizer.

Valneva said that antibody levels remained well above baseline across all six Lyme disease serotypes and all age groups in the trial. This was six months after participants received the third yearly booster dose of the vaccine candidate under development, called VLA15.

Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

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Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Pets at Home Group PLC (LSE:PETS) results and strategy update offered some encouragement, but not all analysts saw it as changing the picture much.

Peel Hunt analyst Jonathan Pritchard said the interims "reflected a poor half of trading on the retail side, and a solid half in vets".

The new four-pronged plan under executive chair Ian Burke to rejuvenate the business focussess on price, product, execution and costs, with aims to cut £20 million from the cost base for the 2027 financial year with the restructuring of the head office. 

"Current trading does not sound any worse than [the second quarter], but little better too," he said, with vets "likely a little slower" but retail in "a similar shape" in that online growth is strong while store performance is not.

The group held guidance for profit before tax at £90-100 million, versus the City consensus at around £92 million.

"The news on cost savings may incline some to ease FY27 estimates up, but we intend to make no changes to our forecasts today as there is still plenty of uncertainty on trading here," Pritchard said, maintaining his 'hoold' recommendation.

"The shares are not cheap given a lack of underlying forecast momentum."

Andrew Wade at Jefferies said, due to the £20 million of restructuring savings, he was raising his 2027 PBT estimate by 15%, which flowed through to his share price target, which he raised from 250p to 265p.

"PETS continues to offer solid fundamentals (scale, long-term market trends, vet group) and we see upside in the shares."

In terms of numbers, he was encouraged to see guidance reiterated, though this was predicated on a return to "slightly positive" retail like-for-likes in the second half.

With the business moving from an H1 market share loss to a small H2 gain, given the weaker performance in the comparative period would support this, Wade said, particularly supported by benefits from the new initiatives.

VANCOUVER, BC / ACCESS Newswire / November 26, 2025 / Avino Silver & Gold Mines Ltd. (TSX:ASM)(NYSE American:ASM)(FSE:GV6) ("Avino" or the "Company") announces that it has filed a prospectus supplement dated November 25, 2025 (the "Prospectus Supplement") to the Company's short form base shelf prospectus dated May 26, 2025 (the "Shelf Prospectus") with the securities commissions in each of the provinces and territories of Canada, with the exception of Québec, pursuant to which the Company may, at its discretion and from time to time, distribute common shares (the "Offered Shares") pursuant to a sales agreement dated June 13, 2023 (the "Sales Agreement") with Cantor Fitzgerald & Co. (the "Designated Agent"), H.C.

Deere DE 2.24%increase; green up pointing triangle logged higher sales in its fiscal fourth quarter as agricultural trends began to improve, but the company issued a downbeat forecast for the current year and said tariffs and uncertainty are expected to continue to weigh on earnings.

The world’s largest seller of farm equipment on Wednesday posted a profit of $1.07 billion for its three months ended Nov. 2, down from $1.25 billion in last year’s comparable quarter. On a per-share basis, earnings were $3.93, ahead of the $3.84 that analysts polled by FactSet had expected.

Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

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Here are three stocks with buy rank and strong income characteristics for investors to consider today, Nov. 26:

West Bancorporation, Inc. (WTBA - Free Report) : This financial holding company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 7.4% over the last 60 days.

This Zacks Rank #1 company has a dividend yield of 4.6%, compared with the industry average of 2.8%.

Pan American Silver Corp. (PAAS - Free Report) : This mining company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 9.2% over the last 60 days.

This Zacks Rank #1 company has a dividend yield of 1.4%, compared with the industry average of 0.2%.

Quad/Graphics, Inc. (QUAD - Free Report) :This marketing solutions company witnessed the Zacks Consensus Estimate for its current year earnings increasing 3.1% over the last 60 days.

This Zacks Rank #1 company has a dividend yield of 5.4%, compared with the industry average of 0.0%.

See the full list of top ranked stocks here.

Find more top income stocks with some of our great premium screens.

German power utility RWE and U.S. investor Apollo Global Management said on Wednesday that they successfully closed their partnership transaction for a joint venture to fund power grid upgrades in Germany.

Of late, this high-quality business hasn't delivered attractive returns for investors.

Pizza stock Domino's Pizza (DPZ +3.71%) has underperformed for investors over the last one-, three-, and five-year periods. The S&P 500 has done better over each time span. One would have to zoom out to the 10-year performance to find a period wherein it was better to own Domino's stock instead of just owning an S&P 500 index fund.

On one hand, Domino's is one of the strongest restaurant chains on the stock market. And investors should gravitate toward high-quality businesses such as these. On the other hand, Domino's has struggled with top-line growth in recent years, with revenue only increasing by 18% total over the last five years.

Image source: Getty Images.

With nearly 22,000 locations worldwide, growth is hard to come by at this point for Domino's. That said, growth isn't the only path toward creating shareholder value.

Can Domino's stock have rewarding upside ahead?
Domino's has grown its earnings per share (EPS) roughly twice as fast as its revenue over the last five years. And the reason is simple: This is a high-margin business, and management buys back stock on a regular basis. So while profits overall are somewhat stagnant, they're going up on a per-share basis because the overall share count is going down.

Data by YCharts

Another thing in shareholders' favor is that Domino's does pay a dividend. While modest, it does go up regularly, with management increasing the payment for 13 consecutive years.

To be sure, Domino's Pizza shareholders still got a smaller return than the S&P 500 over the last five years, even after accounting for the dividend. But returns are a little improved for investors who reinvested the dividends along the way.

Where do Domino's shareholders go from here?
Domino's Pizza continues to grow its sales and will likely do so in coming years. But growth is expected to remain at a modest single-digit rate. Going forward, shareholders can expect profits to stay strong, allowing management to continue buying back stock and paying dividends.

Today's Change

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Profit margins are likely to stay strong for Domino's because of its competitive advantages. The company's restaurants are primarily operated by its franchisees, who pay into an advertising fund and use the company's supply chain.

By pooling resources, Domino's operates one of the most efficient supply chains in the world, keeping food expenses lower than competitors.

And having collected nearly $400 million in advertising funds through the first three quarters of 2025, Domino's has a bigger budget to get its message out to consumers.

Again, growth could be modest for Domino's. But the other thing in shareholders' favor today is the price tag. As of this writing, the stock trades at 22 times its free cash flow, which is its lowest valuation in over a decade. It may have underperformed in recent years, but it's now more attractively priced, which could set it up for better returns over the next five years.

About Jamie Ashcroft
Jamie Ashcroft, the News Editor for Proactive UK, has developed an impressive career in financial journalism, focusing on the small-cap sector for over fourteen years. Before joining the Proactive team, he was a stockbroker during the global financial crisis, a role that complemented his educational background - a first-class degree in Business and Economics and qualifications in software design and development.
As one of the early external hires at Proactive in 2009, Jamie contributed... Read more

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