Core Insights - The article emphasizes the importance of connecting macroeconomic context with company-level valuation to identify long-term investment opportunities [1] Group 1: Investment Philosophy - The investment philosophy focuses on a deep-value approach combined with a long-term vision, targeting underfollowed or undervalued companies where fundamentals are often overlooked [1] - Established leaders are also considered when new opportunities or structural value emerge [1] Group 2: Market Perspective - Being based in Argentina provides a unique perspective on a complex and dynamic market, allowing for in-depth coverage of local assets while also exploring broader Latin American and global trends [1]

Vancouver, British Columbia--(Newsfile Corp. - November 17, 2025) - Santacruz Silver Mining Ltd. (TSXV: SCZ) (OTCQX: SCZMF) (FSE: 1SZ) ("Santacruz" or the "Company") is pleased to announce the appointment of Bruce Wolfson to the Company's board of directors effective November 17, 2025.Mr. Wolfson brings over 40 years of experience in international finance, law, and investment management, with a distinguished career spanning emerging markets across Latin America and Asia. Throughout his career, Mr. Wolfson ...

Core Viewpoint - Americas Gold and Silver is acquiring Crescent Silver for $65 million to enhance its operations in the Silver Valley region, leveraging synergies with its existing Galena complex [1][2]. Acquisition Details - The acquisition includes $20 million in cash and 11.1 million common shares at a deemed price of $4.00 per share, with a total market capitalization of $1.1 billion for the company [9][10]. - The deal is expected to be financed through an equity offering of 16.25 million shares, raising $65 million [9]. Production and Resource Potential - The Crescent mine has the potential to add 1.4 to 1.6 million ounces of silver production annually, based on a preliminary economic assessment from 2015 [6]. - The mine previously produced over 25 million ounces of silver at an average grade of 891 grams per tonne from 1917 to 1981, and currently hosts 3.8 million ounces of historical resources in the measured and indicated category, plus 19.1 million ounces inferred [3][6]. Strategic Synergies - The acquisition is seen as a synergistic opportunity, allowing the company to utilize spare milling capacity at its Galena and Coeur mills [2][4]. - The company aims to fast-track Crescent into its production profile, leveraging its operational team in the Silver Valley [5][7]. Exploration Potential - Only 5% of Crescent's landholding has been explored, indicating significant exploration potential, with only two veins targeted for production so far [8]. - Further exploration could enhance Galena's antimony resource alongside silver production [8]. Industry Context - Galena is one of North America's largest underground silver mines, having produced over 240 million ounces of silver, with peak production exceeding 5 million ounces annually in the early 2000s [11]. - The Silver Valley district is known for its rich deposits of silver, lead, zinc, and copper, with notable operations in the area [11][12].

Market Overview - Volatility has returned to Wall Street, with major indexes experiencing their worst day in over a month due to a significant tech selloff [1][3] - The Dow and S&P 500 each declined by 1.7%, while the Nasdaq fell by 2.3%, moving below their recent all-time closing highs [3] Economic Concerns - Uncertainties regarding the economy's health have been rising, contributing to investor caution [1] - Skepticism is growing about the likelihood of another interest rate cut by the Federal Reserve this year, with current market pricing indicating a 50.1% chance of a quarter percentage point cut in December, down from 62.5% [5][6] Dividend-Paying Stocks - In light of market volatility, investors may consider dividend-paying stocks for steady income and capital protection [2] - Three notable stocks that have recently declared dividend increases are: - **Pan American Silver Corp. (PAAS)**: Declared a dividend of $0.14 per share, with a dividend yield of 1.25% and a payout ratio of 26% [8][10] - **Amkor Technology, Inc. (AMKR)**: Declared a dividend of $0.08 per share, with a dividend yield of 0.96% and a payout ratio of 26% [11][10] - **Autoliv, Inc. (ALV)**: Declared a dividend of $0.87 per share, with a dividend yield of 2.73% and a payout ratio of 35% [13][10] Industry Insights - The tech sector has been a primary driver of market performance, fueled by enthusiasm for artificial intelligence (AI) [4] - Significant investments are being made in AI, leading to concerns about the valuation of AI stocks [5]

Financial Performance - Record Attributable free cash flow of $251.7 million was achieved in Q3 2025[12] - Adjusted earnings reached $181.0 million, or $0.48 per share[13] - The company has a strong financial position with $1.7 billion in Total Available Liquidity[14] Production Results - Attributable silver production was 5.5 million ounces in Q3 2025[12] - Attributable gold production was 183.5 thousand ounces in Q3 2025[12] Costs - Silver Segment AISC was $15.43 per ounce in Q3 2025[12] - Gold Segment AISC was $1,697 per ounce in Q3 2025[12] Operational Updates - Successful integration of the 44% interest in Juanicipio mine[12] - Increased attributable 2025 silver production guidance and reduced Silver Segment AISC guidance[12] - Discovery of multiple high-grade silver zones at La Colorada[14]

Core Insights - Zacatecas Silver Corp. has finalized land-access agreements for its drill program at the El Cristo Target, enhancing its operational capabilities in the Zacatecas Silver Project in Mexico [1][2] Group 1: Project Development - The agreements provide full surface rights and flexibility for establishing drill pads across the El Cristo vein system, allowing for comprehensive exploration [2] - The El Cristo Target is an extension of the Veta Grande system, which historically produced an estimated 200 million ounces of silver equivalent, with veins extending over 3 kilometers [3] - Previous drilling confirmed silver-base-metal mineralization in 22 out of 28 scout holes, with notable results including 0.65 meters grading 829 g/t AgEq [3] Group 2: Management Commentary - The CEO expressed confidence in advancing the Zacatecas Silver Project, highlighting the completion of surface agreements and readiness to initiate drilling with full financing [4] Group 3: Resource Estimates - The Zacatecas Silver Project covers 7,826 hectares in the Fresnillo silver belt, which has produced over 6.2 billion ounces of silver, with a recent resource estimate of 3.41 million tonnes at 187 g/t AgEq, totaling 20.5 million ounces AgEq [5]

Core Insights - Silver North Resources Ltd. has completed its 2025 exploration program at the Haldane Silver Property, with a total of eight drill holes totaling 1,759.5 meters [1][6] - The primary goal of the drill program was to test the strike and depth continuity of the Main Fault target, which has been successfully achieved [2] - The company is awaiting assay results from the drilling program, with all analytical sampling completed and samples submitted for analysis [2] Exploration Details - The eight drill holes were completed from four pads, testing approximately 150 meters of strike along the Main Fault structure and a maximum of 150 meters down dip on one section [2][6] - In addition to drilling, over 15 square kilometers of LiDAR and photogrammetry surveys were conducted over the Mt Haldane Vein System, which hosts the majority of vein targets [3] - The surveys aim to identify structural lineaments and provide better topographic control for future drilling and modeling of the vein systems [3] Company Overview - Silver North's primary assets include the 100% owned Haldane Silver Project, the Tim Silver Project (under option to Coeur Mining, Inc.), and the GDR project, with plans to acquire additional silver properties in favorable jurisdictions [4] - The company is listed on the TSX Venture Exchange under the symbol "SNAG" and trades on the OTCQB market in the United States under the symbol "TARSF" [5]

Core Points - Americas Gold and Silver Corporation has entered into a binding purchase agreement to acquire 100% of Crescent Silver, LLC for approximately US$65 million [2][22] - The acquisition includes US$20 million in cash and approximately 11.1 million common shares valued at US$45 million based on a deemed price of US$4.00 per share [3][22] - The acquisition is expected to close on or about December 3, 2025, subject to regulatory approvals [23][26] Transaction Highlights - The Crescent Mine is strategically located in Idaho's Silver Valley, near the Galena Complex, and is expected to enhance Americas' production capabilities [5][8] - The mine has a historical mineral resource estimate of 3.8 million ounces in the Measured and Indicated category and 19.1 million ounces in the Inferred category [5][13] - The mine has the potential to add 1.4-1.6 million ounces of silver production annually based on a 2015 Preliminary Economic Assessment [5][20] Financing Details - To fund the cash portion of the acquisition, the company has arranged a concurrent equity financing for gross proceeds of US$65 million through a "bought deal" private placement [4][24] - The financing has attracted interest from key institutional investors, including Eric Sprott, the company's largest shareholder [25][26] Operational Synergies - The acquisition is expected to create immediate synergies due to the proximity of the Crescent Mine to the Galena Complex, allowing for efficient processing of high-grade mineralized material [5][8] - The Crescent Mine is fully permitted and has existing infrastructure, which will facilitate a smooth transition into production [9][10] Exploration Potential - Less than 5% of Crescent's landholding has been explored, indicating significant exploration potential [6][11] - The company plans to initiate a US$3.5 million drill program in 2026 to test multiple targets, aiming for long-term success [11][12]

Core Insights - Pan American Silver Corp. reported record financial performance for the third quarter, including a significant increase in free cash flow and net earnings, which led to a dividend increase [2][3]. Financial Performance - The company achieved a record attributable free cash flow of $251.7 million for the third quarter [2]. - Attributable revenue reached $884.4 million, with net earnings of $169.2 million, translating to earnings of $0.45 per share [3]. - Cash and short-term investments amounted to $910.8 million, with an additional $85.8 million held at the Juanicipio mine [2]. Production and Operational Metrics - Attributable silver production for the third quarter was 5.5 million ounces, while gold output was 183,500 ounces [4]. - The company lowered its Silver Segment all-in sustaining costs to $15.43 per ounce, down from $20.90 in the same quarter last year [4]. - Following the acquisition of MAG Silver Corp., the company raised its 2025 silver production guidance to 22.0-22.5 million ounces [4]. Stock Performance - Year-to-date, the stock has gained 79.55%, and 66.61% over the past six months, with a market capitalization of $16.19 billion [5]. - The stock closed at $38.37 on Wednesday, reflecting a 2.08% increase [5]. Stock Rankings - Benzinga's Edge Stock Rankings indicate strong performance with a Momentum score of 90.26 and a Growth score of 97.60, showing positive trends across all time frames [6].

Market Overview - The Dow Jones Industrial Average increased by approximately 0.7% to 48,254.82, while the S&P 500 rose slightly by 0.06% to 6,850.92. The Nasdaq, however, declined by roughly 0.3% to close at 23,406.45 [1] Cisco Systems Inc. - Cisco Systems reported first-quarter fiscal 2026 earnings with revenue of $14.88 billion, exceeding analyst expectations of $14.77 billion. Adjusted earnings were $1.00 per share, surpassing forecasts of 98 cents. CEO Chuck Robbins highlighted the strong demand for secure networking technologies as customers leverage AI [2] Firefly Aerospace Inc. - Firefly Aerospace's stock dropped 4.29% to close at $18.31, but rose over 18.5% to $21.70 in extended trading. The company reported third-quarter revenue of $30.78 million, up 38% year-over-year, beating estimates of $27.71 million. It also posted a smaller-than-expected adjusted loss of 33 cents per share and raised its 2025 revenue outlook to $150–$158 million [3][4] Pan American Silver Corp. - Pan American Silver's stock rose by 2.08% to close at $38.37, with a record third-quarter revenue of $884.4 million and free cash flow of $251.7 million. Net earnings were $169.2 million, or $0.45 per share, with adjusted earnings of $181 million. The company increased its quarterly dividend to $0.14 per share [5][6] Serve Robotics Inc. - Serve Robotics experienced a 1.36% increase, closing at $10.47, but saw a decline of 2.7% to $10.19 in after-hours trading. The company reported quarterly losses of 24 cents per share, better than the expected losses of 33 cents, with revenue of $687,000, which missed estimates [7][8] Circle Internet Group Inc. - Circle Internet Group's stock fell by 12.21% to close at $86.30, despite a 202% profit surge in the third quarter. The company posted net income of $214 million, with total revenue and reserve income rising 66% to $740 million. USDC in circulation reached $73.7 billion, a rise of 108% annually [9][10]