OPEC continued to project a substantial supply deficit in global oil markets this year and next even as the group revives production, a view that clashes with the wider industry https://t.co/v1vhfkXJqc ...

Summary of Outcrop Silver & Gold Conference Call Company Overview - **Company**: Outcrop Silver & Gold (OTCPK: OCGS.F) - **Industry**: Silver Mining - **Location**: Tolima, Colombia - **Ownership**: Eric Sprott holds 21% of the company [1][2] Key Points Silver Market Outlook - The silver market is experiencing a significant breakout, with prices reaching two-year highs [1] - The company believes it is at the beginning of a strong silver bull cycle, driven by supply deficits [2] Project Highlights - **Santa Ana Project**: - Contains an estimated 37 million ounces of silver, classified as one of the highest-grade primary silver projects globally [2][3] - Valuation based on ounces in the ground, trading at approximately $3 per ounce [9][10] - The company has made six new discoveries over the past year, indicating a strong potential for resource growth [6][8] Financial Position - Fully funded with approximately $5 million in the bank and a monthly burn rate of $1.2 million [9] - The company has $4 million in warrants expiring soon and an additional $20 million in warrants that will continue to finance operations [9] Resource Expansion Strategy - Targeting to drill 30,000 meters this year to increase the resource estimate to at least 60 million ounces [10] - The company expects a four-to-one return on investment for every dollar spent on drilling [8] Community and Infrastructure - Strong community support and established relationships with local government, which are crucial for permitting future mining operations [12][13] - The project is located in a safe area with existing infrastructure, enhancing operational efficiency [11] Management and Governance - The company boasts a strong management team with experience in the Colombian mining sector [11] - Analyst coverage has increased, with a market cap growth from $75 million to $150 million [14] Future Growth Potential - The company is positioned for growth independent of silver price fluctuations due to its high-grade resources and operational strategy [14] - Plans to explore private placements only if terms are favorable for shareholders [19] Additional Insights - The average thickness of the veins is 1.2 meters, comparable to other successful mining projects in Colombia [16][17] - The company emphasizes a low-risk approach to resource extraction, aiming for high recovery rates of around 90% [16] This summary encapsulates the key aspects of Outcrop Silver & Gold's conference call, highlighting the company's strategic positioning within the silver mining industry, its financial health, and future growth prospects.

Market Trends & Supply/Demand Dynamics - Platinum prices experienced a significant surge, increasing by 40% in the first half of 2025 [1] - The platinum market is facing a supply deficit for the third consecutive year, with a shortage of nearly 1 million troy ounces out of an approximate 8 million troy ounce annual market [2] - Platinum supply from South African mines decreased by 12% in the first quarter [3] - Platinum recycling from scrap cars has declined from 2022 levels [3] - Demand for platinum is increasing from China, the world's largest consumer [3] Investment & Pricing - Investment demand for platinum has increased by 300% year-over-year due to record gold prices [4] - Platinum futures are in contango, suggesting that near-term supplies are not as tight relative to demand [4] Industry Applications - Platinum is used in jewelry, catalytic converters, and new hydrogen technologies [1]

Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company has a team of experienced news journalists who produce independent content across key finance and investing hubs, including London, New York, Toronto, Vancouver, Sydney, and Perth [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The content delivered by the team includes insights across various sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is recognized for its forward-looking approach and enthusiastic adoption of technology to enhance workflows [4] - The company utilizes automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans to maintain quality and best practices in content production [5]