Company Overview - Man Group (OTC:MNGPF) is a prominent investment management firm with a diverse range of strategies and global reach [1] - Citigroup maintains a Neutral rating for Man Group and raises the price target to 275 GBp from 190 GBp [1][5] Stock Performance - The current stock price of MNGPF is $2.87, reflecting a 2.05% decrease with a $0.06 change [2] - The stock has a 52-week range between $2.01 and $2.93, indicating some volatility [2][5] - MNGPF has a market capitalization of approximately $3.2 billion [2] Industry Trends - The silver market has experienced a dramatic increase, with silver prices surging nearly 200% over the past year [3] - The price of a one-ounce American Silver Eagle has surpassed $100 at retail, reflecting a significant shift in market perception [3] - The iShares Silver Trust (NYSE: SLV) has seen a 43% increase in the last month, indicating growing interest in silver [4][5] - Silver mining companies, such as First Majestic Silver Corp. (NYSE: AG) and Pan American Silver Corp. (NYSE: PAAS), have benefited from this trend [4]

Economic Indicators - December pending home sales are expected to decline by -0.5% month-over-month [1] - Initial weekly unemployment claims are projected to increase by +12,000 to 210,000 [1] - Q3 GDP is anticipated to remain unchanged at +4.3% quarter-over-quarter annualized [1] - November personal spending is expected to rise by +0.5% month-over-month, while personal income is projected to increase by +0.4% month-over-month [1] - The November core PCE price index is expected to rise by +0.2% month-over-month and +2.8% year-over-year [1] - January S&P US manufacturing PMI is expected to increase by +0.2 to 52.0 [1] - The final University of Michigan January US consumer sentiment index is expected to remain unchanged at 54.0 [1] Stock Market Movements - US natural gas-producing stocks surged over +25% to a three-week high, with companies like Coterra Energy up more than +3% [2][15] - Gold and silver mining stocks are climbing as prices reach all-time highs, with Newmont Mining up more than +3% and Barrick Mining up more than +2% [2][14] - The S&P 500, Dow Jones Industrials, and Nasdaq 100 indexes fell to two-week lows, with declines of -1.23%, -1.07%, and -1.36% respectively [4] - The Magnificent Seven technology stocks are experiencing declines, with Nvidia and Tesla down more than -2% [12] - Cryptocurrency-exposed stocks are also down, with Bitcoin falling more than -2% [13] Earnings Reports - 88% of the 33 S&P 500 companies that have reported earnings so far have beaten expectations, with S&P earnings growth expected to climb by +8.4% in Q4 [5] - Excluding the Magnificent Seven, Q4 earnings are expected to increase by +4.6% [5] - 3M Co. is down more than -7% after forecasting 2026 adjusted EPS below consensus [16] - Fastenal reported Q4 net sales of $2.03 billion, below the consensus of $2.04 billion, leading to a decline of more than -4% [16] Bond Market - The 10-year T-note yield rose to a 4.75-month high of 4.31%, influenced by rising bond yields and concerns about an independent Fed [3][8] - Rising inflation expectations are bearish for T-notes, with the 10-year breakeven inflation rate climbing to a 3.25-month high of 2.342% [8] - European government bond yields are also increasing, with the 10-year German bund yield rising to a two-week high of 2.894% [10]

Core Viewpoint - CMX Gold & Silver Corp. has expanded its marketing investor awareness program to promote its Clayton Silver Project in Idaho, signing a one-year agreement with IBN for investor communications [1] Group 1: Corporate Actions - The company signed a one-year Corporate Communications Agreement with IBN, effective December 31, 2025, with a base fee of $3,000 USD per month, totaling $36,000 USD for the year [1] - The agreement may be extended by mutual consent at the end of the term, and additional fees may apply based on the services provided by IBN [1] Group 2: Project Overview - The Clayton Silver Project is CMX's flagship asset, covering 1,028 acres in the Bayhorse Mining District of Idaho, including 29 patented mining claims and 20 unpatented claims [2] - The patented claims provide surface ownership rights, carry no government royalties, and do not require drilling permits [2] Group 3: Future Plans - Starting in spring 2026, CMX plans to conduct a comprehensive geophysical program, including a 3-D Direct Current Induced Polarization survey and a Magnetotelluric survey to identify mineralization [3] - Follow-up diamond drilling is planned to test priority targets based on the results of the geophysical surveys [3] Group 4: Historical Context - The Clayton Silver Mine operated from 1935 to 1986, producing approximately 7.0 million ounces of silver and other minerals from about 2.15 million tonnes of ore [4] - Historical records indicate that mineralization remains open to depth and along strike, with significant high-grade polymetallic mineralization confirmed below the deepest historic workings [4]

We came across a bullish thesis on Pan American Silver Corp. on r/wallstreetbets by gbaked. In this article, we will summarize the bulls’ thesis on PAAS. Pan American Silver Corp.'s share was trading at $55.20 as of January 19th. PAAS’s trailing and forward P/E were 31.91 and 16.31, respectively according to Yahoo Finance. Endeavour (EXK) Soars 15% on Silver Boost Photo by Scottsdale Mint on Unsplash Pan American Silver Corp. engages in the exploration, mine development, extraction, processing, refining ...

Core Insights - Banyan Gold Corp. has reported new high-grade silver intervals at the Powerline and Airstrip Deposits within its AurMac Project in Yukon, Canada, indicating significant potential for silver mineralization [1] Silver Zone Highlights - **Silver Zone 1**: - AX-25-658: 46.16 g/t Ag over 2.7m within 4.11 g/t Ag over 52.0m - AX-25-684: 158.55 g/t Ag over 2.3m within 68.97 g/t Ag over 5.0m - AX-25-686: 242 g/t Ag over 1.54m within 86.67 g/t Ag over 5.5m and 21.41 g/t Ag over 10.3m within 5.49 g/t Ag over 79.1m, including a high-grade interval of 109.90 g/t Ag over 1.3m - AX-25-727: 123.36 g/t Ag over 10.3m within 38.66 g/t Ag over 34.3m - Historic Intersections: MQ00-005: 28.38 g/t Ag over 10.5m, MQ-19-46: 530.00 g/t Ag over 1.4m within 58.83 g/t Ag over 13.6m [1] - **Silver Zone 2**: - AX-25-742: 136.40 g/t Ag over 1.4m within 32.43 g/t Ag over 6.5m - AX-25-749: 185.70 g/t Ag over 4.0m within 77.22 g/t Ag over 12.3m - AX-25-756: 26.37 g/t Ag over 3.1m within 7.00 g/t Ag over 90.2m and 32.03 g/t Ag over 4.9m within 14.41 g/t Ag over 22.1m [1] - **Silver Zone 3**: - AX-25-660: 340 g/t Ag over 1.5m within 26.26 g/t Ag over 19.9m [1] Overall Findings - The company has reported over 15 successful silver vein intersections, with most located within 100 meters of the surface, highlighting the potential for further exploration and development [1]

We recently published 10 Stock Winners Shocking Wall Street. Hycroft Mining Holding Corp. (NASDAQ:HYMC) was one of the top performers last week. Hycroft Mining surged by 27.6 percent week-on-week, hitting a new four-year high, as investor sentiment was buoyed by silver’s rally to a fresh peak that sparked potential for higher profits, especially with the successful exploration of high-grade resources at its Nevada mining site. Following geopolitical tensions and continued uncertainties about US trade pol ...

Core Viewpoint - Honey Badger Silver Inc. has successfully closed a non-brokered private placement, raising approximately $2.25 million through the issuance of units priced at $0.18 each, aimed at advancing its silver projects and for general working capital purposes [1][3]. Group 1: Offering Details - The private placement consisted of 12,499,998 units, each unit comprising one common share and one common share purchase warrant, with the warrant allowing the purchase of additional shares at $0.23 for 36 months [1][2]. - The company incurred finder's fees totaling $60,289.60 and issued 334,946 finder warrants, also exercisable at $0.23 for a period of 36 months [4]. Group 2: Insider Participation - Insiders subscribed for a total of 2,314,389 units, contributing $416,590 to the offering, which was less than previously reported due to high demand from other investors [5]. - The offering was exempt from formal valuation and minority shareholder approval requirements under Multilateral Instrument 61-101, as the value of insider subscriptions did not exceed 25% of the company's market capitalization [5]. Group 3: Use of Proceeds - The net proceeds from the offering will be utilized to advance the company's silver projects and for general working capital [3]. Group 4: Options Grant - On January 9, 2026, the company granted 2,000,000 options to acquire common shares to certain officers and employees, with an exercise price of $0.20 and a vesting schedule over five years [6]. Group 5: Company Overview - Honey Badger Silver is focused on silver mining, with projects in historically rich mining areas, including the Sunrise Lake project with a historic resource of 12.8 million ounces of silver and the Clear Lake project with 5.5 million ounces of silver [8][9]. - The company also holds significant land in the Nanisivik Mine Area, which produced over 20 million ounces of silver from 1976 to 2002 [9].

Core Viewpoint - Global X Silver Miners ETF (SIL) offers targeted access to companies involved in silver exploration, mining, and production, providing a leveraged approach to silver price movements and demand trends [1] Group 1: Investment Strategy - The ETF tracks a rules-based basket of global silver producers and developers, focusing on equities sensitive to factors like grade, cost inflation, reserve replacement, and capital allocation discipline [1] - Return drivers include realized silver pricing, by-product credits, operating efficiency, and project pipelines, which can lead to outperformance during price upswings but underperformance when input costs rise or grades fall short [1] Group 2: Market Conditions - Performance benefits from reflationary phases, increased manufacturing activity, and favorable real-rate environments, while challenges may arise from strengthening currencies, tighter financial conditions, or risk-off market sentiment [1] Group 3: Target Users - Typical users of SIL include macro traders looking for cyclical exposure and diversified real-asset allocators aiming for factor completion [1] Group 4: Risks - Key risks to monitor include portfolio concentration and operational or geopolitical risks associated with single-commodity mining equities [1]

Core Insights - The Global X - Silver Miners ETF (SIL) and the SPDR Gold MiniShares Trust (GLDM) cater to investors interested in precious metals but differ fundamentally in structure and focus [2] Cost & Size Comparison - SIL has an expense ratio of 0.65% and assets under management (AUM) of $5 billion, while GLDM has a lower expense ratio of 0.10% and AUM of $25 billion [3] - SIL offers a one-year return of 186.7% and a dividend yield of 1.18%, whereas GLDM has a one-year return of 69.26% and does not pay a dividend [3][4] Performance & Risk Analysis - Over five years, SIL experienced a maximum drawdown of -56.79%, while GLDM had a maximum drawdown of -21.63% [5] - An investment of $1,000 would have grown to $2,094 in SIL and $2,473 in GLDM over the same period [5] Fund Composition - GLDM exclusively holds physical gold, providing 100% exposure to bullion prices, making it suitable for low-cost tracking of gold [6] - SIL consists entirely of silver mining companies, with top holdings including Wheaton Precious Metals, Pan American Silver, and Coeur Mining, which together represent over 40% of its assets [7] Investment Implications - Both SIL and GLDM provide access to the precious metals sector but with different risk and return profiles; GLDM offers stability through physical gold, while SIL exposes investors to the volatility of silver mining operations [9]

Core Viewpoint - Silver North Resources Ltd. has increased the maximum gross proceeds of its private placement from C$7,000,000 to C$10,584,000 due to strong investor demand [1] Group 1 - The private placement is categorized as a "best efforts" offering [1] - The agreement for the increase in proceeds was made with Red Cloud Securities Inc. [1]