Core Viewpoint - Silver prices have recently surged, breaking $83 per oz, driven by high demand and limited supply, with expectations for continued price increases into 2026 [1][6] Silver Market Dynamics - The mining sector is attempting to increase production, but raw silver ore requires refining to be usable in various applications, indicating that refinery capacity is crucial for market prices [2][12] - COMEX raised margin requirements, leading to a temporary price pullback in silver, which some analysts believe benefited large banks with significant short positions [4][10] - The physical demand for silver continues to exceed supply, with prices rebounding to over $77 per oz [6][10] China’s Influence - China controls 70% of the global refined silver supply and has implemented new laws that will restrict silver exports starting January 1st [9][10] - During a recent sell-off, while US traders sold silver at $75, Chinese buyers were willing to pay up to $90 per oz, indicating strong demand despite price fluctuations [10] Company Insights - **Freeport-McMoRan (NYSE: FCX)**: Known for its extensive mining operations, it produced 3.8 million oz. of silver in 2024 and is expected to focus more on silver extraction and refining in 2026 due to rising silver prices [13][12] - **Pan American Silver (NYSE: PAAS)**: Targeting up to 25 million oz. of silver production in 2025, the company is expanding operations through a $2.1 billion acquisition [14][15] - **First Majestic Silver (NYSE: AG)**: Projecting 15.3 million oz. of silver production for 2025, the company has seen significant production increases and is pursuing aggressive growth strategies [16][17] - **American Resources Corporation (NASDAQ: AREC)**: Focuses on critical elements for lithium-ion batteries and semiconductors, with interests in silver refining as part of its supply chain operations [18][19]

Core Insights - First Majestic Silver Corp. (AG) shares have increased by 205.1% over the past year, outperforming the industry average increase of 201.7% [1] Group 1: Company Developments - First Majestic has optimized its portfolio by selling the Del Toro Silver Mine to Sierra Madre Gold & Silver Ltd. for a total consideration of up to $60 million, which includes $20 million in cash and $10 million in shares [3][4] - The acquisition of Gatos Silver, completed in January 2025, grants First Majestic a 70% interest in the Cerro Los Gatos Silver underground mine, which is expected to significantly enhance production [4][5] - The combined production from Cerro Los Gatos, San Dimas, and Santa Elena mines is projected to reach 30-32 million ounces of silver equivalent annually, including 15-16 million ounces of silver [5][6] Group 2: Financial Performance - In Q3 2025, First Majestic achieved total production of 7.7 million silver-equivalent ounces, marking a 39% year-over-year increase, driven by a 96% surge in silver production [9] - The company reported a record quarterly free cash flow of $98.8 million, a 67.5% increase year-over-year, with liquidity reaching $682 million and working capital at $542.4 million [10] Group 3: Market Conditions - Silver prices have surged over 157% year-to-date, influenced by strong safe-haven demand, geopolitical tensions, and increasing trade conflicts, with current trading around $75 [11]

Core Insights - Coeur Mining, Inc. (CDE) and First Majestic Silver Corp. (AG) are well-positioned to benefit from the strong upcycle in gold and silver markets [1] - Both companies are experiencing favorable industry trends, including rising precious-metal prices driven by inflation hedging, central-bank buying, and geopolitical uncertainty [4] Coeur Mining (CDE) - Coeur Mining focuses on silver and gold production in North America, with key assets in the U.S. and Canada, and has improved margins and cash flow due to higher metal prices and operational optimization [2] - In Q3 2025, Coeur reported record production of 111,364 ounces of gold and 4.8 million ounces of silver, with revenues reaching $555 million, reflecting a 15% increase in silver prices and a 4% increase in gold prices [5][11] - The Las Chispas mine acquisition significantly contributed to Coeur's growth, producing 1.6 million ounces of silver and 16.5 thousand ounces of gold in Q3 2025 [6] - Coeur's flagship assets, Rochester and Palmarejo, are expected to support a total production of 392,500–438,000 ounces of gold and 17.1–19.2 million ounces of silver in 2025 [7] - As of September 2025, Coeur's cash and cash equivalents were approximately $266 million, with a debt-to-capital ratio of 10.5% and free cash flow of about $189 million in Q3 [8] First Majestic Silver Corp. (AG) - First Majestic, primarily focused on silver with growing gold exposure, reported a record production of 3.9 million ounces of silver in Q3 2025, a 96% year-over-year increase [9] - The Los Gatos Silver Mine, acquired in 2025, was a key contributor, producing 2.13 million silver-equivalent ounces during the quarter [10] - Overall, First Majestic produced 7.7 million silver-equivalent ounces in Q3 2025, with significant contributions from San Dimas and other properties [12][13] - At the end of September 2025, First Majestic's cash and cash equivalents were around $575 million, with a debt-to-capital ratio of 6.9% and free cash flow of about $55 million in Q3 [14] Price Performance & Valuation - CDE stock has increased by 104.2% over the past six months, while AG stock has risen by 99.8% [15] - CDE is trading at a forward 12-month sales multiple of 4.38X, compared to AG's 7.68X [16] Earnings Estimates - The Zacks Consensus Estimate for CDE's fiscal 2025 sales implies a year-over-year growth of 96%, with EPS suggesting a 322.22% rise [19] - For AG, the fiscal 2026 sales and EPS estimates imply year-over-year increases of 87% and 279%, respectively [21] Comparative Analysis - CDE is viewed as the stronger overall pick due to its balanced gold-and-silver portfolio, operational execution, and stronger earnings visibility, alongside disciplined cost management and improved balance-sheet profile [23] - CDE holds a Zacks Rank of 1 (Strong Buy), while AG has a Zacks Rank of 3 (Hold) [24]

智通财经APP获悉，周二，金银概念股盘前反弹，AngloGold Ashanti(AU.US)涨超3%，Hycroft Mining(HYMC.US)、First Majestic Silver(AG.US)涨3%，Endeavour Silver(EXK.US)、科尔黛伦矿业 (CDE.US)涨2.4%，纽曼矿业(NEM.US)涨超2%。消息面上，美股盘前，现货黄金涨超1.2%，报4385.7美 元；现货白银站上76美元，日内涨超5%。 ...

Group 1 - Zijin Mining (02899) rose nearly 3% after announcing the completion of the main construction and core equipment installation for the second phase of the Xizang Julong Copper Mine, marking a key step before production [1] - Asia Pacific Satellite (01045) increased over 5.4%, with a cumulative rise of nearly 30% over the past five trading days, as it operates multiple satellites under China Satcom [1] - Zhaoyan New Drug (06127) fell over 6% following an announcement that its actual controller plans to reduce holdings by up to 14.98 million shares, representing 20.0466% of his holdings and 1.99873% of the company's total share capital [1] - Zhongwei New Materials (02579) surged nearly 7% after signing a strategic cooperation framework agreement with Xinwanda for solid-state batteries [1] Group 2 - Dongyue Group (00189) rose nearly 5% as the long-term contract prices for refrigerants were confirmed, with R32 priced at 61,200 yuan/ton (+1,000 yuan) and R410A at 55,100 yuan/ton (+1,900 yuan) [2] - MicroPort Scientific Corporation (02252) increased over 1.2%, reporting that its core products' cumulative order volume exceeded 230 units [2] - Oil stocks saw gains, with CNOOC (00883) up 4.17%, PetroChina (00857) up 2.91%, and Sinopec (00386) up 1.31%, driven by a rise in international crude oil prices due to geopolitical tensions [2] - Baidu Group (09888) rose nearly 7% after announcing a partnership with Uber and Lyft to launch a robotaxi pilot project in the UK by 2026 [2] Group 3 - NIO (09866) rose over 2.4% after announcing that it successfully delivered over 40,000 units of its new ES8 model within 100 days of the official delivery start [3] - Damai Entertainment (01060) increased nearly 5%, with the total box office for the 2025 New Year’s season reaching 5.245 billion yuan as of December 28 [3] Group 4 - Copper mining stocks collectively declined, with Hudbay Minerals (HBM.US) down 4.01%, Taseko Mines (TGB.US) down 3.1%, and Ero Copper (ERO.US) down 1.64%, as international copper futures fell over 4% [5] - Some cryptocurrency-related stocks fell, with IREN Ltd (IREN.US) down 2.21% and Circle (CRCL.US) down 0.94% [5] - NIO (NIO.US) rose 4.71% in the US market, echoing its performance in Hong Kong [6] - The Nasdaq Golden Dragon Index fell nearly 1%, with major Chinese concept stocks declining, including Alibaba (BABA.US) down 2.46% and Xpeng Motors (XPEV.US) down 1.35% [6]

In the remaing days of 2025, silver and gold stocks lost some sheen in investors' eyes.It's all but a certainty that First Majestic (AG 4.13%) shareholders will look back on 2025 fondly. Before today's trading session began, First Majestic stock had soared more than 217% since the start of the year. With silver prices falling today, though, First Majestic stock appeared a little less alluring.Shares of First Majestic fell 4.1% today, paring back an earlier decline of 6.9%. The silver rally hit the pause but ...

Group 1 - First Majestic Silver Corp (NYSE:AG) stock has decreased by 4.9%, trading at $16.56, as the silver market experiences a pullback after reaching record highs [1] - Silver prices surged above $80 but have since dropped by 7% due to profit-taking activities [1] - The company has achieved a 203.8% gain for 2025, marking it as one of the top performers on the New York Stock Exchange this year [2] Group 2 - The stock is retreating from its four-year high of $17.91 reached on December 22, but a new support level seems to be forming at $16 [2] - The 20-day moving average is expected to help contain the current losses [2] - There is a notable increase in options trading, with 5,364 puts exchanged, which is double the usual volume for this time [3]

智通财经APP获悉，周一，金银概念股盘前普跌，Hycroft Mining(HYMC.US)、First Majestic Silver(AG.US)跌逾6%，Endeavour Silver(EXK.US)跌逾5%，科尔黛伦矿业(CDE.US)跌5%，AngloGold Ashanti(AU.US)跌近4%，纽曼矿业(NEM.US)跌逾3%。消息面上，美股盘前，现货黄金失守4410美元/ 盎司，日内跌2.69%。 现货白银失守73美元/盎司，日内跌7.86%。 ...

Alluvial Gold Research offers in-depth research on my favorite miners ranked in order to aid in positioning in the most undervalued miners with upcoming catalysts to drive portfolio outperformance. Subscribers also get access to my current portfolio and real-time buy/sell alerts as well as the following:Taylor Dart is an individual investor with over 16 years of trading experience, with his primary focus being precious metals developers, producers and royalty/streaming companies. Taylor leads the investing ...

The year 2025 will be remembered as the breakthrough year for precious metals, as both silver and gold reached significant new all-time highs. While gold and silver juniors from Benzinga’s watchlist marked incredible gains, even other lithium and steel stocks outperformed their respective benchmarks. Overall, the 2025 watchlist delivered a 281% return.1. Volt Lithium (LibertyStream Infrastructure Partners)For Volt Lithium, 2025 was a year of change. The firm was renamed to LibertyStream Infrastructure Partn ...