Silver Mining Demand Remains Rock-Solid | ETF TrendsSilver's dazzling rally over the last few months has led to the precious metal being an asset to watch for investors of all sizes.However, the recent bout of turbulence that both silver and gold saw, spurred on by President Trump's Fed chair nomination, has led to some investors taking a more cautious stance on the metal. However, is the caution necessarily warranted?[In a recent interview] with James Connor of Bloor Street Capital, John Ciampaglia, CEO of ...

Financial Data and Key Metrics Changes - In 2025, Endeavour Silver produced 11 million ounces of silver equivalent metal, a 48% increase compared to 2024 [5] - The company reported record revenue of $468 million, up 115% from 2024, with cost of sales at $385 million and mine operating earnings of $83 million [6] - Adjusted net earnings for Q4 were $4.8 million, or $0.02 per share, impacted by realized losses from derivative contracts and higher financing costs [6][7] Business Line Data and Key Metrics Changes - In Q4, Endeavour produced 2 million ounces of silver and 14,000 ounces of gold, totaling just shy of 4 million silver equivalent ounces, representing a 146% increase compared to Q4 of 2025 [5] - Excluding Coba and Terronera, production increased by 27% compared to the same period last year [6] Market Data and Key Metrics Changes - Silver and gold prices have seen exceptional gains, with gold trading above $5,000 and silver above $90, driven by inflationary pressures and global economic uncertainty [4] - The company is well-positioned to benefit from current silver prices, indicating substantial runway remaining in this cycle [4] Company Strategy and Development Direction - Endeavour Silver's strategic initiatives include the acquisition of Kolpa, achieving commercial production at Terronera, and advancing the Pitarrilla development asset [4][5] - The company plans to invest $68 million in Pitarrilla in 2026, focusing on exploration and technical studies [12] Management's Comments on Operating Environment and Future Outlook - Management emphasized the importance of safety and operational stability, particularly in light of recent security events in Mexico [3] - The company anticipates a substantial reduction in direct operating costs as it transitions to liquefied natural gas in Q2 2026 [8][10] Other Important Information - As of December 31, 2025, the company's cash position was $215 million, providing financial strength to advance strategic initiatives [10] - The company expects to see improvements in throughput and recoveries as operations stabilize at Terronera [11] Q&A Session Summary Question: Can you discuss the mill availability and electrical interruptions at Terronera? - Management confirmed improvements in January and February, with stabilization of electrical disruptions and plans to transition to an LNG plant for better reliability and cost [15][17] Question: What is the guidance on grades at Terronera? - Management indicated that lower grades were due to mining stockwork, with expectations for higher grades in the second half of the year as operations progress [19][22] Question: How will costs drop in 2026? - Management explained that Q1 costs would be higher due to one-time expenditures, but costs are expected to decrease as operations stabilize and higher grades are processed [56][60] Question: What changes in security protocols have been implemented due to recent events in Jalisco? - Management stated that while there would be no dramatic changes in security costs, there would be increased monitoring of transportation lines [64][66] Question: What is the status of the Bolanitos sale and its accounting impact? - The sale closed on January 15, and the company anticipates recognizing an accounting gain in Q1 [72][73]

Core Insights - The company has successfully identified high-conviction investment opportunities and has provided members with strategies to hedge and capitalize on market corrections [1] - The investment group BAD BEAT Investing has a long-term investment history, initially buying shares at a basis of $1.35 in 2019 and becoming more aggressive in May 2020 [1] - The team consists of seven analysts with diverse expertise, focusing on both long and short trades, and aims to educate investors on proficient trading [1] Investment Strategy - BAD BEAT Investing emphasizes a blended trading and income approach to enhance savings and retirement timelines [1] - The group has maintained an average position of 95% long and 5% short since May 2020, showcasing a strategic market stance [1] - The investment strategy includes short- and medium-term investments, income generation, special situations, and momentum trades [1] Educational Focus - The company aims to teach investors about market dynamics and provide well-researched trade ideas weekly [1] - Members benefit from access to multiple chat rooms, daily analyst upgrade/downgrade summaries, and resources for learning basic options trading [1] - The goal is to save time for investors by delivering high-quality research with clear entry and exit targets [1]

Growth on the Horizon CORPORATE PRESENTATION FEBRUARY 2026 TSX: EDR | NYSE: EXK TSX: EDR | NYSE: EXK 2 edrsilver.com Cautionary Note Non-IFRS Financial Measures The Company has included certain performance measures that are not defined under International Financial Reporting Standards (IFRS). The Company believes that these measures, in addition to conventional measures prepared in accordance with IFRS, provide investors an improved ability to evaluate the underlying performance of Kolpa. The non-IFRS measu ...

Company Overview - Honey Badger Silver Inc. is a Canadian-focused silver company with a strong leadership and technical team known for value creation [2] - The company holds a portfolio of projects in historic mining districts across Northwest Territories, Yukon, and Nunavut, including Sunrise Lake, Plata, Clear Lake, and the past-producing Nanisivik Mine area [2] - These assets contain significant historic silver and zinc resources and present high-grade silver exploration potential [2] - Honey Badger also has a silver investment that generates a 12% annual yield [2] Industry Event - Honey Badger Silver will participate in the Prospectors & Developers Association of Canada's (PDAC) Convention from March 1 to March 4, 2026, at the Metro Toronto Convention Centre [1] - PDAC is recognized as the world's premier mineral exploration and mining convention, attracting over 1,100 exhibitors, 2,500 investors, and 26,000 attendees [3] - The convention has grown significantly since its inception in 1932 and is now a key event for the global mineral industry [4]

4Q25 Earnings Results Conference Call Cautionary Statement Net Income (US$ M)(3) 30 406 416 830 4Q24 4Q25 FY24 FY25 +99% Cash Position: US$ 530 M Debt: US$ 710 M Leverage Ratio 6.14x 3.58x 2.80x 2.44x 0.34x 0.22x FY20 FY21 FY22 FY23 FY24 FY25 San Gabriel has reached 99% total progress. Construction is 98% complete. 4Q25 CAPEX related to San Gabriel was US$ 153 M On 29-Jan, BVN received US$ 98 M in dividends from Cerro Verde Buenaventura's Board of Directors has approved a dividend payment of US$ 0.9904 per ...

Vancouver, British Columbia--(Newsfile Corp. - February 27, 2026) - Minaurum Silver Inc. (TSXV: MGG) (OTCQX: MMRGF) (FSE: 78M0) ("Minaurum" or the "Company") announces that, further to the Company's news release dated February 10, 2026 announcing results from its resource-expansion drill program in the Europa, Promontorio, and Travesia vein zones, the Company is today filing an independent technical report on its 100%-owned Alamos Silver Project in Sonora, Mexico. The technical report, titled "Alamos Silve ...

CORPORATE PRESENTATION Growth on the Horizon FEBRUARY 2026 TSX: EDR | NYSE: EXK edrsilver.com Cautionary Note This presentation contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within applicable Canadian securities legislation. Such forward-looking statements and information herein include but are not limited to statements regarding the expected benefits of Endeavour's acquisition of all of the is ...

Core Insights - Endeavour Silver Corp. experienced a transformative year in 2025, marked by significant production growth, record revenues, and strategic milestones that enhance its asset portfolio and position for sustained growth [2] Financial Performance - In 2025, the company produced 6,486,661 ounces of silver and 37,164 ounces of gold, with total silver equivalent production reaching 11.2 million ounces, a 48% increase from 2024 [6][22] - Revenue for 2025 totaled $467.5 million, a 115% increase compared to 2024, driven by higher metal prices and a 36% increase in silver ounces sold [6][22] - Mine operating cash flow before taxes was $156.3 million, significantly up from $72.3 million in 2024 [6][22] - The company reported a net loss of $119.1 million for the year, compared to a net loss of $31.5 million in 2024 [24] Production and Costs - Direct operating costs per tonne increased to $152.79, an 8% rise from 2024, primarily due to the addition of the Terronera mine [19][22] - Consolidated cash costs per silver ounce increased by 34% to $17.34, driven by higher operating costs and lower by-product sales from Bolañitos [20][22] - All-in sustaining costs per silver ounce rose by 32% to $31.52, influenced by higher capital expenditures and corporate costs [21][22] Strategic Developments - The company successfully commissioned the Terronera mine and completed the acquisition of Minera Kolpa, enhancing its asset portfolio [2][6] - A definitive agreement was made to sell the Bolañitos mine for $30 million in cash and shares, with contingent consideration based on production milestones [6][22] - The company closed a $350 million convertible notes offering to repay debt and fund further development, particularly at the Pitarrilla project [6][22] Operational Highlights - Terronera commenced commercial production on October 1, 2025, processing 154,180 tonnes in Q4 2025 [6][22] - The company processed a total of 1,464,590 tonnes in 2025, significantly higher than the 781,439 tonnes processed in 2024 [18][22] - The realized silver price for 2025 was $40.73 per ounce, a 49% increase from the previous year, while the realized gold price was $3,591 per ounce, up 50% [22]

Vancouver, British Columbia--(Newsfile Corp. - February 26, 2026) - Minaurum Silver Inc. (TSXV: MGG) (OTCQX: MMRGF) (FSE: 78M0) ("Minaurum" or the "Company") is pleased to report that six drill rigs are now operating at its Alamos Silver Project as part of the Phase II - 50,000-metre resource expansion drill program. Minaurum will continue step-out drilling on vein zones with established resources at Europa and Promontorio-Travesia, while initiating resource-definition drilling on several additional veins, ...