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Outages on Shopify’s e-commerce platform have been resolved, the company said late Monday, bringing to an end a daylong glitch on the annual ‘Cyber Monday’ shopping day.

Some merchants that use Shopify’s service to sell goods online said they experienced issues with checkouts through the company’s point-of-sale system.

Businesses that run on Shopify also had trouble logging into their administrative portals.

In a statement, Shopify said: ‘We had a system degradation that has now been mitigated.’

Throughout the day, business owners posted angry messages directed at the company on X, where Shopify President Harvey Finkelstein had posted ‘HAPPY CYBER MONDAY! Let’s finish strong!’ earlier in the day, with an emoji of a flexed arm.

One business, Costack Spices, based in London, replied: ‘How??? [We] cannot fulfill orders or log on,’ with three red-faced emojis. In a follow-up, the company posted, ‘This is unbelievable.’

Another user wrote, ‘@ShopifySupport I haven’t been able to access it for the last couple hours.’

Shopify replied to most users on X with the same message: ‘We are aware of an issue with Admins impacting selected stores, and are working to resolve it.’

In 2024, merchants using Shopify services recorded $11.5 billion in sales from Black Friday through Cyber Monday, the company said, with more than 76 million customers buying from businesses powered by the platform.

Shopify provides website design tools, online checkout services and digital advertising products to businesses of all sizes. The company says that millions of merchants use its services.

While Shopify’s share of Cyber Monday sales may be limited, smaller businesses that rely on the company to process their transactions may have missed out on crucial sales at the start of the all-important holiday season.

Total Cyber Monday sales are expected to be more than $53 billion, according to Salesforce.

Shopify stock ended the trading day down 5.9%.

This post appeared first on NBC NEWS

Williamson has already dealt with injuries during the 2025-26 season. On Nov. 19, he had just returned from a two-week absence while nursing a hamstring issue. He’d played in five of the Pelicans’ last seven games since his return, but Pels’ fans knew something was wrong in the air when he was sidelined for the team’s contest against the Los Angeles Lakers.

Williamson has performed well when healthy, averaging over 22 points in ten appearances this season. However, the former No. 1 overall pick has seen his career marred by constant injuries. He’s only played in more than 60 games twice over the course of his seven-year career.

Here’s everything we know about Williamson’s latest injury.

How did Williamson get injured?

Williamson suffered his adductor injury during the Pelicans’ Nov. 29 loss to the Golden State Warriors.

It is unclear when exactly he suffered the injury, but it was not expected to be serious at first. Williamson was forced to miss Sunday’s bout against the Los Angeles Lakers but was considered questionable to play Tuesday against the Minnesota Timberwolves until news of the severity of his injury was revealed.

How long will Williamson be out?

Williamson will miss at least the next three weeks before being re-evaluated by team officials.

The Pelicans have nine games scheduled in that window. The team has announced that they will provide updates on Williamson’s recovery as ‘appropriate.’

Zion Williamson injury history

Here is a list of injuries that Zion Williamson has suffered during his NBA career that have forced him to miss extended time.

  • Oct. 14, 2019 to Jan. 22, 2020: knee injury
  • Aug. 10, 2020 to Dec. 14, 2020: knee injury
  • May 8, 2021 to Oct. 4, 2022: foot injury
  • Jan. 4, 2023 to Oct. 10, 2023: hamstring injury
  • Apr. 17, 2024 to Oct. 6, 2024: hamstring injury
  • Nov. 8, 2024 to Jan. 7, 2025: hamstring injury
  • Mar. 21, 2025 to June 30, 2025: lower back injury
  • Nov. 3, 2025 to Nov. 19, 2025: hamstring injury
  • Nov. 29, 2025 to indefinite: adductor injury
This post appeared first on USA TODAY

Pray for Jake Paul.

So said heavyweight champion Oleksandr Usyk when asked about the upcoming boxing match between Paul and former world champion Anthony Joshua.

“If Anthony Joshua wants, he (can) kill this guy,’’ Usyk told Boxing Scene, comparing Joshua to a Rolls-Royce and Paul to a Fiat. “… I will pray (for) Jake Paul because I want (to) fight Jake Paul in the Octagon.’’

The projections seem to be growing more dire with Paul set to fight Joshua Dec. 19 at the Kaseya Center in Miami in an eight-round bout to be livestreamed by Netflix.

Joshua has held the unified heavyweight championship twice. Paul has fought the likes of retired MMA fighters, a retired NBA player and a 58-year-old Mike Tyson.

Tony Bellew, a retired boxer who was 30-3-1 and now works as a commentator, said Paul is in for a terrifying experience against Joshua.

“When (Joshua) touches him for the first time with a pair of 10-ounce gloves on, he’s going to get the fright of his life,’’ Bellew told IFL TV.

Bellew also expressed doubt the fight will take place, saying of Paul, “I don’t believe he’s going to get in the ring with 10-ounce gloves on.’’

David Haye, a former heavyweight champion, told Sky News that Paul’s life will be at risk when the 6-foot-1 social media-star-turned-boxer climbs into the ring against the 6-foot-6 Joshua.

‘It could be his last day on Earth,’ said Haye, 45, who held world titles as a heavyweight and cruiserweight.

But Louis Durkin, president of the Association of Ringside Physicians, told USA TODAY Sports he has no safety concerns about the boxing match.

‘Although Jake should be a considerable underdog, he has real skills and AJ is a little past his prime,’ said Durkin, Chairman of Emergency Medicine at Mercy Medical Center in  Springfield, Massachusetts. ‘Should be a good match and I think (a) strong chance it goes the distance.’

On safety concerns being aired by others, Durkin said, ‘They don’t want to believe a YouTuber is good enough. He took the shortcut to the top.’

Durkin said the difference between Paul and Joshua in terms of experience and size counts ‘on paper.’

‘But if you look at the individual fighters, I don’t think it rises to the level of safety concern,’ Durkin said. ‘Now whether (Paul) deserves a shot at Joshua is a different question. But I think that gets confused with the level of danger.’

This post appeared first on USA TODAY

Denny Hamlin, the NASCAR driver and co-owner of 23XI Racing with Michael Jordan, returned to the witness stand on Day 2 of the NASCAR antitrust trial. From their own attorney, Hamlin fielded a question that cuts to the heart of the federal lawsuit.

Was it a hard decision not to sign the charter agreement this year?

The costly charter agreements guarantee teams a spot in the Cup Series races and a portion of NASCAR’s revenue. But 23XI Racing called the terms a take-it-or-leave-it-deal and, along with Front Row Motorsports, refused in 2024 to sign the last charter agreement.

“I don’t sign because I know that this is essentially my death certificate for the future,’’ said Hamlin, the three-time Daytona 500 winner.

Did he think it was the right decision?

“I think it was the only decision,’’ he said.

It was a decision that ultimately led to the antitrust trial that could reshape or damage the current state of stock car racing.

Hamlin’s testimony was among the highlights in the federal courtroom Tuesday, Dec. 2 in Charlotte, North Carolina, where the case is being heard. Jeff Gluck of The Athletic wrote of the testimony that lasted about four hours over two days, ‘It was extremely bitter and emotionally charged, as Hamlin’s anger toward NASCAR was on full display.”According to the Associated Press, Hamlin was asked why on podcast appearances he paints a rosier picture of NASCAR?

“You can take all my things out of context and paint a picture that everything is fine,” Hamlin said, according to the Associated Press. “The reality is, (being) negative affects me in (technical inspection), getting called to the hauler, NASCAR not liking what I said.”

Hamlin also tried to explain texts on possibly selling part of his share of the team, according to Bob Pockrass of FOX Sports, who of Hamlin’s explanations wrote on X, ‘He said at one point he was frustrated and needed to get the ownership group attention. And long term he would want to sell to make money, that’s business 101.’

NASCAR executive takes stand

Scott Prime, Executive Vice President and Chief Strategy Officer for NASCAR, took the stand Tuesday.

FOX Sports’ Pockrass wrote on X that Prime was ‘being grilled by 23XI atty Jeffrey Kessler on early charter negotiation strategy” and his and NASCAR President Steve O’Donnell’s reaction to LIV Golf and early team negotiating demands.’

Adam Stern of the Sports Business Journal wrote, ‘(Kessler) said NASCAR’s actions and internal messages show its executives tried to ward off potential competition and had taken note of how LIV Golf was disrupting golf. The teams charge that NASCAR did this through actions such as tying up tracks with onerous exclusivity agreements, underpaying teams and putting intellectual property patents on its race cars to make them unusable elsewhere.’

NASCAR finances

Jenna Fryer of the Associated Press filed a report with revealing financial figures that offer context in the court case.

$20 million: How much Hamlin said it costs a year to run one race car a year, while NASCAR CEO Jim France said it should cost only $10 million a year.

$100 million: How much Hamlin said he and Jordan have spent building 23XI Racing since it was founded in September 2020.

$100 million: NASCAR made slightly more than that during 2024, according to the pretrial discovery process. It’s also the amount Front Row Motorsports has lost since it started in 2004, according to team owner Bob Jenkins, whose team is a plaintiff in the case.

$5 billion: The value of NASCAR based on a 2023 evaluation by Goldman Sachs, according to attorney Jeffrey Kessler, who represents 23XI Racing.

This post appeared first on USA TODAY

The University of Colorado’s athletic department is projecting that it will run a $27 million deficit during the current fiscal year ending in June 2026, in addition to needing $11.9 million in institutional support from the university and $2.2 million from student fees, according to budget figures obtained by USA TODAY Sports.

Those numbers are not final. The athletic department is hoping to bring that deficit down by the end of June with revenue from donations, sponsorships and concerts at Folsom Field. But it has never reported a deficit that big before, which could potentially leave the athletic department in need of more than $41 million in subsidies from the university, including the institutional support and student fees.

It also comes at a critical time:

  • Athletic director Rick George announced recently he’s stepping down at the end of the fiscal year in June.
  • Colorado nearly doubled the pay of football coach Deion Sanders in March, giving him a new five-year contract worth more than $10 million annually. His team just finished 3-9 in 2025 as attendance started to wane after selling out his first season in 2023.
  • Like other major college sports programs, Colorado is committed to providing players with up to $20.5 million in annual benefits and direct payments under terms of the NCAA-House legal settlement. That cost is new this year, with the $20.5 million cap going up by 4% next year and the year after.

The latter two costs are the biggest reasons for the projected deficit — the $20.5 million for players and the $10 million per year for Sanders. Colorado previously told USA TODAY Sports in September it was “to be determined” how it would come up with the money to pay for those two big new costs.

Colorado says it won’t cut sports

The projected answer now is that it will run a deficit with the university as the potential backstop for funding.  Asked who would be paying for these expenses if not the university, spokesman Steve Hurlbert said, “The mechanics of that are still to be determined.”

The school said it will “not cut sports nor cut any resources for student-athletes” but will look to cut expenses.

Hurlbert also stressed tuition money and state funds will not be used to address the deficit.

However, some observers who are familiar with Colorado’s budget expressed skepticism about that claim because money is fungible. The money the university provides to athletics also is discretionary.

“This notion that they’re spending resources that otherwise couldn’t be spent on putting more kids through college or funding cancer research is just absurd,” said Jack Kroll, a former member of the university’s Board of Regents. “There’s no truth to that whatsoever.”

‘The university will have to fill the gap’

The projected revenue for fiscal year 2026 is $136.7 million with $163.7 million in expenses. The biggest expense is football at $60.4 million. The department is still finalizing its numbers for fiscal year 2025, which ended in June 2025, but said it expects a “balanced” budget of $141 million in revenues and expenses for that year, including $24 million in institutional support revenue from the Boulder campus and the university’s president’s office.

Colorado isn’t the only school facing these challenges. In fiscal 2024, at least 33 athletic departments received at least $30 million in university support, including Colorado ($31.9 million), Houston ($38.4 million), Arizona State ($51.7 million) and South Florida ($63.7 million), according to public records collected by USA TODAY Sports in conjunction with the Knight-Newhouse College Athletics Database at Syracuse University.

The House settlement added a potential new $20.5 million expense to their bills starting July 1, 2025.

At Colorado, last year the university projected a small but growing budget deficit for the campus starting in fiscal 2027. It even told faculty and staff to move forward by “being comfortable with being uncomfortable.” This has led to concerns about how football is paying for its big new expenses.

“With a lame-duck athletic director, a dismal football season, who-knows-what to happen with the (transfer) portal, donor fatigue, the distancing of football leadership from football alums — the prospects for making much of a dent in that deficit seem very slim,” said Roger Pielke, an emeritus professor at Colorado who previously taught sports governance in the CU athletics department. “That would mean that the university will have to fill the gap.”

Follow reporter Brent Schrotenboer @Schrotenboer. Email: bschrotenb@usatoday.com

This post appeared first on USA TODAY

The UConn Huskies women’s basketball team can beat you many different ways, as evidenced by the defending champion’s wire-to-wire 85-51 win over the South Florida Bulls on Tuesday. 

The No. 1 Huskies can beat you with their balanced scoring and depth, finishing with four players in double-digits. Sophomore forward Sarah Strong led the way with 14 points and 10 rebounds in 25 minutes, followed by Blanca Quinonez (13 points), Azzi Fudd (10 points, two steals) and Ashlynn Shade (10 points).

UConn can also beat you on the defensive end. The Huskies held the Bulls to 51 points (their second-lowest total this season) and forced South Florida into 20 turnovers (tied for a season-high) at Yuengling Center in Tampa, Florida on Tuesday. The Huskies scored 26 points off the Bulls’ turnovers.

“There’s not a box they do not check,” ESPN analyst and former UConn star Rebecca Lobo on Tuesday. UConn head coach Geno Auriemma added he ‘didn’t have a whole lot to complain about’ after the impressive win.

The Huskies improve to 8-0 on the season and UConn is 35-0 all-time against South Florida with the win. The Bulls dropped their first home game and fall to 5-4 on the season.

USA TODAY Sports provided live updates and highlights from Tuesday’s matchup. Catch up below:

End of 3Q: Huskies 65, South Florida 29

South Florida turned in their best quarter of the game, scoring 13 points the frame. The Bulls are still trailing the UConn Huskies by 36 points heading into the fourth quarter.

UConn sophomore forward Sarah Strong has already recorded a double-double with 14 points and 10 rebounds, her fourth double-double in eight games. Strong is one of four UConn players in double-digits: Blanca Quinonez (13 points), Azzi Fudd (10 points) and Ashlynn Shade (10 points).

No Bulls players has reached double-digits yet. Senior forward L’or Mputu has a team-high eight points, while senior forward Carla Brito added five points.

Halftime: UConn 48, South Florida 16

UConn held South Florida to six points in the second quarter and have a 34-point halftime lead over the Bulls. Four different players have scored eight or more points for the Huskies, including Blanca Quinonez (13 points), Sarah Strong (10 points), Azzi Fudd (eight points) and Ashlynn Shade (six points).

The Huskies have shined from the 3-point line, shooting 8-of-16 from beyond the arc. And UConn’s defense has been impenetrable thus far. The Huskies have forced the Bulls into 12 turnovers, which the defending champions converted into 19 points.

Senior forward L’or Mputu has a team-high six points for South Florida, who is collectively shooting 6-of-27 (22%) from the field and 0-of-8 from the 3-point line. The Bulls are outrebounding the Huskies 20-17, including 6-2 offensive boards, but they must get some stops and make the most of their second chance opportunities to get back into the game.

End of Q1: UConn 29, South Florida 10

It’s raining 3-pointers in Tampa, Florida. Two days after UConn shot 50% from beyond the arc in the team’s 104-39 win over Xavier, the Huskies opened Tuesday’s game against South Florida shooting 5-of-8 (63%) from the 3-point line and 65% from the field. Blanca Quinonez (eight points) and Ashlynn Shade (six points) have each made two 3-pointers, while Sarah Strong (five points) made the other. Azzi Fudd added eight points.

The Bulls have not made a shot from beyond the arc (0-of-3) and are shooting a dismal 23% from the field. The Huskies pressure has also resulted in five Bulls turnovers. L’or Mputu has a team-high six points.

UConn has early lead after perfect start

UConn came out on a mission against South Florida on Tuesday. Ashlynn Shade got the Huskies on the board with a 3-pointer, one of four consecutive buckets made by the Huskies to build a quick 10-0 lead. 

The Huskies started out 4-of-4 from the field and 2-of-2 from the 3-point line, while the Bulls opened 0-of-3 from the field and 0-of-1 from 3. South Florida responded with a jolt of their own to come within eight points with 4:58 remaining in the first quarter.

UConn’s Azzi Fudd leads all scorers with six points in five minutes.

South Florida is already up to three turnovers. 

What time is UConn vs. Louisville?

The UConn Huskies travel to Tampa, Florida to take on the South Florida Bulls on Tuesday, Dec. 2 at 5:00 p.m. (2:00 p.m. PT) ET at the Yuengling Center.

UConn vs. South Florida: TV, streaming

  • Date: Tuesday, Dec. 2
  • Time: 5:00 p.m. ET (2:00 p.m. PT)
  • Location: Yuengling Center (Tampa, Florida)
  • TV: ESPN2
  • Stream: Fubo, ESPN Unlimited

UConn Huskies starting lineup

  • (2) KK Arnold
  • (12) Ashlynn Shade
  • (21) Sarah Strong
  • (22) Serah Williams
  • (35) Azzi Fudd

South Florida Bulls starting lineup

Head coach: Michele Woods-Baxter (interim)

  • (1) Katie Davidson
  • (11) Kirsten Lewis-Williams
  • (13) Stefanie Ingram
  • (21) L’or Mputu
  • (55) Carla Brito

UConn women’s basketball roster

UConn women’s basketball TV schedule

Here’s a look at the Huskies’ upcoming schedule:

South Florida women’s basketball roster

2026 WNBA mock draft: UConn’s Azzi Fudd vaults to No. 1 spot

When the 2026 WNBA draft kicks off on Monday, April 13, 2026, all eyes will turn to the Dallas Wings, who own the No. 1 overall pick. Unlike last year, when it was widely known Paige Bueckers was going to be the top pick, there isn’t a consensus No. 1 pick for 2026. 

Will it be Spain center Awa Fam? Will it be UConn Huskies guard Azzi Fudd? Could TCU Horned Frogs guard Olivia Miles or UCLA Bruins center Lauren Betts be the choice? Or will it be a selection that sends shockwaves through the basketball landscape? Check out Meghan Hall’s 2026 WNBA mock draft here.

From facing to fueling UConn: Kayleigh Heckel’s seamless transition

If you can’t beat ’em, join ’em. That may not be exactly how sophomore Kayleigh Heckel ended up playing for No. 1-ranked UConn, but it is true that she finished her freshman season at USC with a loss to the team she ended up joining after entering the transfer portal.

‘My last game at USC was against UConn,’ Heckel said in a video posted by UConn prior to the season. ‘The stakes were high, was the Elite Eight game, so excited to to be on this side now.’

South Florida longtime head coach hired by Dallas Wings

The Dallas Wings hired longtime University of South Florida head coach Jose Fernandez in October. Fernandez spent 25 seasons at the helm of the Bulls women’s basketball team before transitioning to the WNBA and will be succeed by interim head coach Michele Woods-Baxter at South Florida.

Fernandez will take over a Wings team that finished 10-34 last season, tied for last place in the WNBA standings with the Chicago Sky, despite a sensational Rookie of the Year campaign from the Wings 2025 No. 1 overall pick Paige Bueckers. Bueckers averaged 19.2 points, 5.4 assists, 3.9 rebounds and 1.6 steals while shooting 47.4% from the floor, 33.1% from the 3-point line and 88.8% from the free throw line.

The USA TODAY app gets you to the heart of the news — fastDownload for award-winning coverage, crosswords, audio storytelling, the eNewspaper and more.

This post appeared first on USA TODAY

Jindalee Lithium Limited (Jindalee, or the Company; ASX: JLL, OTCQX: JNDAF) is pleased to report significant progress on two fronts: the successful completion of the 2025 drilling program at the McDermitt Lithium Project and continued advancement of plans to list McDermitt on a US national exchange.

  • 2025 drilling program highly successful with excellent sample recovery achieved
  • Samples have been prepared for assay with results expected early Q1 2026
  • High-quality core samples retained for metallurgical testwork (lithium and magnesium)
  • Exclusivity period extended with Constellation by 45 days

Drilling Program Completed

The large diameter core drilling program announced early November 20251 at the Company’s 100% owned McDermitt Lithium Project (McDermitt, Project), one of the largest lithium deposits in the United States (US) and of global significance2 (Figure 1), has been successfully completed.

The program comprised 5 PQ3 (8.5cm diameter) core holes to obtain samples for metallurgical testwork to further optimise lithium recoveries, as well as unlock value from the significant magnesium endowment at McDermitt, via the value optimisation program announced late October 20253. The drilling also provided valuable geological and geotechnical data on the deposit. All drill sites have now been rehabilitated and core logged, cut and samples prepared for assay with results (including lithium and magnesium) expected early Q1 2026.

Exclusivity Extended as US Listing Strategy Advances

Further to the Company’s announcement on 9 September 20254 regarding the non-binding Letter of Intent (LOI) with Constellation Acquisition Corp. I (Constellation), Jindalee is pleased to report continued progress on the proposed US listing of HiTech Minerals Inc. (HiTech), the Company’s wholly owned US subsidiary and owner of the McDermitt Lithium Project. The proposed transaction involves a merger between HiTech and Constellation, creating a US-listed vehicle to advance McDermitt.

Work on the binding Business Combination Agreement (BCA) has made substantial progress, with both parties continuing to engage constructively and in good faith. To support this work, Jindalee and Constellation have agreed to extend the initial 90-day exclusivity period under the LOI by a further 45 days. The extension reflects the progress made to date and the shared intent to finalise a BCA that provides a clear pathway to completing the proposed transaction.

Jindalee’s Managing Director and CEO Ian Rodger commented: “We are delighted to announce completion of the 2025 drilling program at McDermitt and thank the team for helping make the program such a success. We now look forward to sharing assay results as they become available and to commencing metallurgical testwork designed to improve lithium recoveries and investigate the potential for valuable magnesium by-products to enhance Project economics. In parallel, we continue to make solid progress on the transaction to list McDermitt on a US national securities exchange, with the short extension to the exclusivity period reflecting both parties’ intent to finalise the Business Combination Agreement in good faith.”

Click here for the full ASX Release

This post appeared first on investingnews.com

Goldgroup Mining (TSXV:GGA, OTC:GGAZF) is a Canadian gold company advancing a portfolio of high-quality producing and development assets in Mexico. With 100 percent ownership of Cerro Prieto, Pinos and the newly acquired San Francisco mine, the company is positioned for disciplined, near-term production growth.

Goldgroup’s strategy is clear: optimize and expand production at its flagship Cerro Prieto mine, advance Pinos toward a production decision, and restart the large-scale San Francisco mine. Together, these projects target over 100,000 ounces of annual production, with additional upside from exploration, resource growth, and future acquisitions.

The company is led by an experienced team with deep expertise in developing and optimizing Mexican mines. Backed by strong financial support from the Calu Group and Luca Mining founders, Goldgroup benefits from a proven track record in value creation through mine development, operational turnarounds, and strategic M&A.

Company Highlights

  • Two operating or near-term production gold assets in Mexico, 100-percent-owned and fully permitted.
  • Cerro Prieto expansion completed, increasing from ~12,500 oz/year to 30,000+ oz/year during 2026 and beyond, including tailings re-processing.
  • Its second asset, Pinos, is a fully permitted high-grade underground development project with historical resources and +90 percent metallurgical recoveries.
  • San Francisco acquisition in progress, a past producer capable of ~40,000 oz/year with significant exploration upside.
  • Aggressive M&A strategy aimed at fast-tracking Goldgroup into the mid-tier producer category with advanced due diligence nearing completion. .
  • Backed by the Calu Group and the founders of Luca Mining, bringing extensive operational and financing expertise in Mexico.

This GoldGroup Mining profile is part of a paid investor education campaign.*

Click here to connect with GoldGroup Mining (TSXV:GGA) to receive an Investor Presentation

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Investor Insight

Goldgroup offers investors a rare opportunity to participate in the rapid buildout of a multi-asset gold producer in Mexico, with near-term production growth at the operating Cerro Prieto mine and the addition of two fully owned, high-impact assets – Pinos and San Francisco – positioning the company for substantial scale, re-rating potential and strong leverage to gold.

Overview

Goldgroup Mining (TSXV:GGA,OTC:GGAZF) is a Canadian gold company building a portfolio of high-quality producing and development assets across Mexico, one of the world’s premier mining jurisdictions. With two 100 percent owned gold projects – Cerro Prieto and Pinos – and the acquisition of 100 percent of the San Francisco mine, Goldgroup is positioned for rapid, disciplined production growth.

The company’s strategy is straightforward: optimize and expand production at its flagship Cerro Prieto mine, advance Pinos toward a production decision, and bring the large-scale San Francisco mine back online. Combined, these projects outline a defined path to more than 100,000 ounces of annual production, with further upside from exploration, resource expansion and future acquisitions.

Goldgroup is guided by an experienced leadership team with deep expertise in building and optimizing mines in Mexico. The company benefits from strong financial support from the Calu Group and founders of Luca Mining, with proven track records of value creation through mine development, operational turnarounds and strategic M&A.

Company Highlights

  • Two operating or near-term production gold assets in Mexico, 100-percent-owned and fully permitted.
  • Cerro Prieto expansion completed, increasing from ~12,500 oz/year to 30,000+ oz/year during 2026 and beyond, including tailings re-processing.
  • Its second asset, Pinos, is a fully permitted high-grade underground development project with historical resources and +90 percent metallurgical recoveries.
  • San Francisco acquisition in progress, a past producer capable of ~40,000 oz/year with significant exploration upside.
  • Aggressive M&A strategy aimed at fast-tracking Goldgroup into the mid-tier producer category with advanced due diligence nearing completion. .
  • Backed by the Calu Group and the founders of Luca Mining, bringing extensive operational and financing expertise in Mexico.

Key Projects

Cerro Prieto Open Pit Gold Mine

Cerro Prieto is Goldgroup’s established producing operation in the Cucurpe mining district of Sonora, Mexico. It’s been in production since 2013 and is augmented by a newly expanded processing capacity that has more than doubled throughput. The mine is the cornerstone of Goldgroup’s near-term growth strategy, with ongoing optimization, a planned tailings re-processing and re-leaching initiative, and multiple drill-ready targets across the property. An updated NI 43-101 resource estimate for the Esperanzas deposit further reinforces the reliability of the mineralized system while underscoring the potential for continued resource growth.

Project Highlights

  • Producing open-pit gold mine in Sonora with 120,000+ ounces produced since 2013
  • Throughput recently doubled to 4,200+ tons per day (tpd) with installation of a second crushing circuit
  • Tailings re-leaching strategy expected to add up to 9,000 oz/year over ~5 years
  • Expansion plan targeting 30,000+ ounces of annual production
  • Updated NI 43-101 outlines 37,209 oz measured and indicated, and 1,504 oz inferred gold resources
  • Multiple exploration targets across the property, including Esperanza, Nueva Esperanza and additional zones all under definition drilling.

Pinos Gold Development Project

Pinos is a fully permitted, advanced-stage underground gold project positioned within the prolific Zacatecas mining belt. The district hosts 29 concessions over 3,816 hectares, with 52 shafts and more than 40 km of underground workings. Goldgroup’s internal roadmap outlines 12,700 oz/year of potential annual production from Pinos in a development scenario.

Project Highlights:

  • Multiple high-grade veins historically mined at 30 to 50 g/t gold
  • Historical measured and indicated estimate: 86,000 oz gold and 1.3 Moz silver (Candelaria Mining, 2018). Note: Historical resource only; not treated as current NI 43-101
  • Metallurgical recovery of +90 percent gold via cyanide leaching and Merrill-Crowe
  • Fully permitted for mine construction

Goldgroup plans to launch targeted exploration and resource-definition drilling at Pinos, followed by an updated economic study (PEA or PFS) that will guide a production decision for this fully permitted high-grade project.

San Francisco Open Pit Gold Mine

The San Francisco mine is a past-producing, large-scale open-pit gold operation in Sonora with extensive existing infrastructure and significant resource and exploration upside. Goldgroup has acquired the majority of creditor debt connected to the mine, enabling it to control the restructuring process and advance toward full ownership pending final court approval. With historical production of approximately 1.3 million ounces and strong metallurgical recoveries, San Francisco presents a near-term opportunity for Goldgroup to restore a proven gold mine to production and add meaningful scale to its growth profile.

Project Highlights:

  • Large-scale past producer with ~1.3 million ounces of gold produced from 2010 to 2019
  • Strong existing infrastructure: grid power, wells, ADR plants, assay lab, haul roads
  • High processing capacity of 16,875 tpd via two parallel crushing circuits
  • Good metallurgical recoveries ranging from 77 percent to 90 percent
  • Multiple new high-grade zones identified behind and below pit walls
  • Restart plan underway, including drilling to upgrade resources and update the mine plan

Management Team

Ralph Shearing – Chief Executive Officer

A professional geologist with nearly four decades of experience in mining and exploration, Ralph Shearing founded and led Luca Mining Corp, where he oversaw major development milestones such as the exploration, initial development construction and pre-production of the Tahuehueto gold mine, the acquisition and successful restart of production of the Campo Morado zinc poly-metalic mine in Mexico.

Anthony Balic – Chief Financial Officer & Director

Previously the director of finance for Goldgroup, Anthony Balic has extensive experience in mining finance, including senior roles at Deloitte LLP specializing in assurance and advisory for mining companies. He oversees corporate finance, accounting and capital strategy for Goldgroup.

Corry Silbernagel – Director

Corry Silbernagel is a veteran financial and technical specialist with experience across mining and energy. He is the former CFO of Cabo Drilling and project manager for large-scale initiatives at Suncor and TransAlta. Silbernagel brings expertise in strategic finance, project development and operational oversight.

Blair Jordan – Director

Blair Jordan is managing partner at Restructure Advisors, with deep experience in corporate restructuring, turnaround strategies and investment banking. He held CFO and interim CEO roles in multiple public companies, and is the former managing director at Echelon Wealth Partners.

Roberto Guzman – Director

Roberto Guzman is a finance leader with more than 25 years of experience in Mexico’s financial sector. Jordan holds an advanced degree in finance from Universidad Tecnologica de Mexico and has served as finance manager for numerous public and private Mexican companies.

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Here’s a quick recap of the crypto landscape for Monday (December 1) as of 9:00 p.m. UTC.

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

Bitcoin and Ether price update

Bitcoin (BTC) was priced at US$85,482.46, down by 6.4 percent over 24 hours.

Bitcoin price performance, December 1, 2025.

Chart via TradingView.

Bitcoin marked its largest single-day decline in a month, continuing a sell-off that started in November.

This sharp downturn was influenced largely by rising expectations of a Bank of Japan rate hike at its December meeting, which triggered a surge in Japanese bond yields, strengthening the yen and prompting global investors to pull capital from risk assets like Bitcoin. This caused liquidations of speculative long positions and created downward price pressure.

However, significant technical support levels lie around US$86,000 to US$79,600, with further downside possible to US$67,700 and major support between US$45,000 and US$70,000 if bearish momentum persists. Holding above roughly US$85,200 is critical to avoid deeper bearish territory.

Farzam Ehsani, CEO of cryptocurrency exchange VALR, added that concerns about MSCI potentially excluding major crypto-holding companies such as Strategy from global indices are adding pressure through expected forced sell-offs, further weakening market structure and liquidity.

“The recovery of the cryptocurrency market, and Bitcoin in particular, after the decline of the last month and a half, will take some time. The main questions at the moment are how the market will close out this year and whether Bitcoin will recover above $100,000 in December.”

Ether (ETH) also experienced a steep decline, priced at US$2,757.79, down by 8.9 percent over 24 hours.

Derivatives data

Derivatives data showed US$10.93 million liquidated in BTC shorts positions over the final four hours of trading, indicating short sellers getting squeezed out as price stabilized rather than accelerating lower.

Open interest edged up 0.50 percent to US$57.63 billion, showing fresh positions entering despite the dip, which often signals sustained trader interest and potential stabilization or rebound setup.

A funding rate of -0.001 percent reflects mild bearish sentiment, common in corrections but not extreme enough to indicate panic selling. BTC’s RSI at 32.58 marks deeply oversold territory, suggesting selling may be nearing a climax and creating conditions for a short-term bounce if support holds.

Altcoin price update

  • XRP (XRP) was priced at US$2.02, down by eight percent over 24 hours.
  • Solana (SOL) was trading at US$124.54, down by 9.3 percent over 24 hours.

Today’s crypto news to know

Bitcoin’s weekend slide wipes out US$637 million in leveraged positions

Bitcoin’s latest downturn over the weekend triggered a wave of liquidations that erased roughly US$637 million across futures markets.

The selloff pushed Bitcoin to an intraday low near US$85,700, extending its monthly decline past 21 percent and dragging Ethereum, XRP, and other majors sharply lower. The slump began as momentum-driven selling forced heavily leveraged longs to unwind, turning a routine correction into a fast, disorderly slide.

Comments from Strategy CEO Phong Le about potentially selling part of the company’s sizable Bitcoin holdings added to jitters, even though prediction markets continue to see a low probability of actual disposals this year.

“We can sell Bitcoin, and we would sell Bitcoin if needed to fund our dividend payments below 1x mNAV,” Le said in a podcast.

The company currently controls 649,870 BTC, which valued at about US$56.26 billion at current prices.

Further, China’s central bank reiterating its hard line against crypto activity further weighed on sentiment heading into the final month of the year.

Goldman Sachs boosts ETF offerings with Innovator Capital acquisition

Goldman Sachs (NYSE:GS) has agreed to buy Innovator Capital Management, a company specializing in defined outcome ETFs, in a deal worth about US$2 billion in cash and stock, according to a Monday announcement.

Defined outcome ETFs are special funds that limit losses or cap gains for investors using options contracts.

Innovator’s US$28 billion in assets and 159 ETFs will significantly enhance Goldman Sachs Asset Management’s ETF portfolio, increasing that bank’s total ETF lineup from US$51 billion to US$79 billion.

The acquisition payment partly depends on Innovator meeting certain performance targets after the deal closes, which were not publicly disclosed. The deal is expected to close in Q2 2026, subject to regulatory approval and other usual conditions.

Goldman Sachs will fully own the Innovator business, integrating its 60-plus employees into Goldman’s teams. However, Innovator’s investment managers and services will remain unchanged.

Tether blasts S&P after fresh downgrade

Tether pushed back forcefully this week after S&P Global cut its assessment of USDT’s peg stability, assigning the stablecoin the lowest score on the agency’s scale.

S&P pointed to weaker reserve quality, shrinking cash-equivalent holdings, and rising exposure to secured loans and Bitcoin as reasons for the downgrade.

The report noted that Tether’s Bitcoin holdings now exceed the cushion meant to absorb volatility, increasing the risk that a sharp price drop could leave the token undercollateralized.

Tether’s leadership dismissed the rating as biased and politically motivated.

‘Some influencers are either bad at math or have the incentive to push our competitors,’ Tether CEO Paolo Ardoino said in a recent post on X.

After the downgrade last week, Ardoino also maintained that ‘the traditional finance propaganda machine is growing worried when any company tries to defy the force of gravity of the broken financial system.’

The downgrade also comes as Tether’s mining affiliate winds down operations in Uruguay after months of unpaid power bills and stalled expansion plans.

Japan prepares 20 percent flat tax on crypto gains

Japan is moving toward a flat 20 percent tax on cryptocurrency gains, a change that would replace the current progressive regime that can push rates above 50 percent for active traders.

Nikkei Asia reported that under the proposal, crypto income would be placed into a separate category similar to equities, with the goal of reducing distortions that discourage trading or push users offshore.

Lawmakers backing the plan say aligning digital assets with other investment products could draw liquidity back to domestic exchanges and boost overall tax receipts.

The reform is expected to be finalized as part of the country’s 2026 tax framework, with revenue split between the national and local governments.

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

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

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