Core Viewpoint - The controversy surrounding JPMorgan Chase & Co.'s alleged manipulation of silver prices has intensified as silver reaches new all-time highs, but the reality is more complex than the conspiracy theories suggest [1][2]. Group 1: Market Manipulation Allegations - Between 2008 and 2016, JPMorgan traders engaged in illegal market manipulation involving precious metals, including silver, through a practice known as "spoofing" [3][4]. - Spoofing involved placing large orders for metals futures that were not intended to be executed, creating false impressions of demand or supply to influence market prices for short-term profit [5][6]. - Regulators found that while these activities distorted markets, they did not conclude that JPMorgan systematically fixed silver prices over time [6][10]. Group 2: Legal Consequences - In 2020, JPMorgan admitted to committing wire fraud related to unlawful trading in precious metals and U.S. Treasury futures, resulting in nearly $1 billion in fines to settle investigations [7][10]. - Several traders from the bank were sentenced to prison for their involvement in the spoofing scheme, highlighting the seriousness with which regulators treated the misconduct [5][10]. Group 3: Public Perception and Conspiracy Theories - The gap between legal realities and online conspiracy theories stems from public distrust of major banks following the 2008 financial crisis, with communities interpreting JPMorgan's large silver position and fines as evidence of a broader plot [8][9]. - The notion that JPMorgan systematically suppressed silver prices is largely viewed as a myth rooted in mistrust rather than factual evidence [10]. Group 4: Silver Market Performance - Silver prices surged in October 2023, reaching new all-time highs above $51 per ounce, surpassing previous records from January 1980 and 2011 [11]. - The rally in silver has drawn significant attention to silver-related equities and ETFs, such as the iShares Silver Trust (NYSE:SLV) and the Global X Silver Miners ETF (NYSE:SIL) [11][12].

Honey Badger Silver and Monetary Metals Form Strategic Partnership to Generate Silver YieldHoney Badger to Earn Physical Silver Income Through Monetary Metals' Innovative Silver Lease and Bond ProgramsOctober 14, 2025 4:30 PM EDT | Source: Honey Badger Silver Inc.Scottsdale, Arizona and Toronto, Ontario--(Newsfile Corp. - October 14, 2025) - Honey Badger Silver Inc. (TSXV: TUF) (OTCQB: HBEIF) ("Honey Badger" or the "Company"), a Canadian silver-focused company, is pleased to announce that it h ...

Core Viewpoint - Silver Hammer Mining Corp. has received an updated exploration drill permit for its Silverton Project in Nevada, allowing the company to commence a fully funded exploration drill program of up to 5,000 feet in eight reverse circulation holes, with drilling expected to start in late October to early November 2025 [1][2]. Company Overview - Silver Hammer Mining Corp. is focused on advancing high-grade silver projects in the United States, controlling 100% of seven previously producing silver mines, including the Silverton Silver Mine in Nevada and the Silver Strand Project in Idaho [14]. Project Details - The Silverton Project has multiple drill targets identified, with a focus on testing the mineralized area near and under historic high-grade mine workings [3][4]. - The initial drill program will consist of up to eight reverse circulation holes totaling 5,000 feet, primarily aimed at assessing the continuity of high-grade silver mineralization previously mined in the 1930s and 1950s [4][5]. Historical Context - The Silverton Mine has a history of production dating back to 1921, with the last recorded shipment in 1953, totaling less than 100,000 tons and historic production grades ranging from 300 g/t to 933 g/t silver [6][7]. Market Position - The company is well-positioned in a robust silver market, with prices exceeding US$50 per ounce, and has recently completed a fully subscribed private placement [2].

Core Insights - Capitan Silver Corp. has reported high-grade silver mineralization results from its Cruz de Plata project, with significant intersections including 1,541 g/t AgEq over 1.5 meters and 201.65 g/t AgEq over 18.3 meters at the Jesús María vein [2][10] - The drilling program has expanded the understanding of the mineralized system, revealing new zones and targets, particularly around the Peñoles Fault and Gully Fault [3][4][14] Drilling Results - Drillhole 25-ERRC-20 intersected 1,541 g/t AgEq over 1.5 meters, part of a broader interval of 201.65 g/t AgEq over 18.3 meters [2][10] - Drillhole 25-ERRC-12 previously reported 2,636 g/t Ag over 1.5 meters within a wider interval of 1,400 g/t Ag over 4.6 meters [2] - New high-grade mineralization was also found in drillhole 25-ERRC-17, which intersected 475.91 g/t AgEq over 1.5 meters within a broader zone of 117.69 g/t AgEq over 7.6 meters [2][12] Geological Insights - The Jesús María vein is believed to continue to the east and at depth, with the Peñoles Fault emerging as a new target for exploration due to enhanced mineralization observed at depth [2][14] - The Gully Fault Zone has shown three distinct zones of mineralization, with drillhole JMRC-33 intersecting 216.2 g/t AgEq over 13.5 meters [2][12] Future Plans - The company plans to continue drilling to further explore the newly identified zones and extend the discoveries down-dip and along strike [10][11] - A total of 51 drillholes have been completed to date, with assays pending for an additional 28 drillholes, indicating ongoing exploration activity [5][6] Company Overview - Capitan Silver is focused on defining a high-grade silver system at the Cruz de Plata project, located in Mexico's primary silver belt, and is led by an experienced management team [19][20]

Core Viewpoint - The article emphasizes the importance of protecting investments, particularly in the Mining and Real Estate sectors, while also highlighting the author's personal investment outlook and interests [1]. Group 1 - The author works on the buy-side in Fixed Income and has a special interest in the Mining and Real Estate sectors [1]. - The article serves as a reminder to "Always Protect Your Nuts," indicating a focus on risk management in investment strategies [1]. Group 2 - There is no disclosure of any current stock or derivative positions in the companies mentioned, but there is a potential for initiating a long position in PAAS within the next 72 hours [2]. - The article expresses the author's personal opinions and does not involve compensation from any company mentioned [2].

Coeur Mining (CDE) could be a solid addition to your portfolio given a notable revision in the company's earnings estimates. While the stock has been gaining lately, the trend might continue since its earnings outlook is still improving.The upward trend in estimate revisions for this silver mining company reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate ...

Core Insights - Gold and silver have gained significant momentum, with gold reaching an all-time high of $4,000 per ounce and silver hitting $50 per ounce, indicating a strong market interest in these precious metals [1][3][11] - Predictions suggest that both metals could increase by an additional 20-40% by the end of the year [2][5] Gold Market - Gold has surpassed the $4,000 mark, confirming a breakout that has been building for months, attracting investor attention [3][11] - The gold market is expected to continue its upward trajectory, with forecasts indicating a potential increase of 25-30% by 2025 if current momentum persists [5] Silver Market - Silver has surged approximately 62% since its April lows, indicating a strong recovery and potential for further gains [6][8] - The demand for silver is driven not only by its status as a precious metal but also by its essential role in industrial applications, particularly in solar panel production, electric vehicles, and electronics [9][11] - The gold-to-silver ratio remains historically high, suggesting that silver has room to catch up to gold [11] Investment Vehicles - SPDR Gold Shares (NYSE:GLD) is recommended for direct exposure to gold, while VanEck Gold Miners ETF (NYSE:GDX) provides exposure to major gold mining stocks, which may outperform gold itself during strong momentum [10] - For silver, iShares Silver Trust (NYSE:SLV) offers a straightforward way to trade silver, while Global X Silver Miners ETF (NYSE:SIL) provides exposure to silver mining companies, which can experience rapid gains [17] Market Conditions - A weaker U.S. dollar is driving demand for hard assets like gold and silver [17] - Rising volatility in the market may further enhance the appeal of precious metals as safe-haven investments [15][17] - Seasonal trends historically favor gold and silver in the fourth quarter, suggesting a favorable environment for these assets [17]

Core Insights - First Majestic Silver Corp. reported a total production of 7.7 million silver-equivalent ounces in Q3 2025, marking a 39% year-over-year increase, driven by a 96% surge in silver production [1][8] Production Highlights - The company produced a record 3.9 million ounces of silver and 35,681 ounces of gold in Q3 2025 [1] - The San Dimas mine contributed 2.69 million AgEq ounces, with silver production increasing by 40% year-over-year [3] - The Santa Elena mine's production decreased by 16% year-over-year, producing 2.26 million AgEq ounces [3] - La Encantada produced 575,193 ounces of silver, up 6% from Q3 2024, despite lower silver grades [4] - The Los Gatos mine contributed 2.13 million AgEq ounces, including 1.41 million ounces of silver [4] Acquisition Impact - In January 2025, First Majestic acquired a 70% interest in Gatos Silver, enhancing its position as a primary silver producer, with Los Gatos contributing 1.4 million ounces to total production in Q3 [2][8] Drilling Program - The company initiated its 2025 drilling program at the Jerritt Canyon mine, completing 12,522 meters of drilling during Q3 [5] Peer Comparison - Endeavour Silver Corp. produced 3.04 million AgEq ounces in Q3 2025, reflecting an 88% increase year-over-year, with a 102% rise in consolidated silver production [6] Stock Performance - First Majestic's shares increased by 115.5% over the past year, outperforming the industry growth of 77.7% [7]

Summary of Skeena Resources Limited Conference Call Company Overview - **Company**: Skeena Resources Limited (NYSE:SKE) - **Industry**: Mining, specifically gold and silver production - **Flagship Asset**: Eskay Creek, a past-producing gold and silver mine in British Columbia Key Points and Arguments 1. **Historical Significance of Eskay Creek**: - Formerly operated by Barrick Gold Corporation until 2008 - Known as the highest-grade open-pit gold mine globally, with an average gold grade of 45 grams per ton and silver grade over 2,000 grams per ton [2][3] 2. **Current Development Status**: - Advancing the Eskay Creek project for about 10 years, now in the construction phase, fully financed for production in 2027 [3][4] - Transitioning from underground to open-pit mining methods [3] 3. **Production and Financial Metrics**: - Targeting 450,000 ounces of gold-equivalent metal per year with a grade profile of 5.5 grams per ton, significantly above the global average [4][12] - Projected after-tax annual free cash flow of approximately $1.1 billion Canadian at current spot prices [4][8] - NPV of the project estimated at $6.1 billion Canadian with an IRR of 86% and a payback period of about 200 days [8] 4. **Strategic Location and Partnerships**: - Located in the Golden Triangle of northwestern British Columbia, an area with significant geological potential [4] - Collaborative relationship with the Tahltan Nation, facilitating project advancement [5] 5. **Regulatory and Environmental Considerations**: - Fast-tracked by the provincial government due to tariffs imposed by the Trump administration, with the project at the top of the list [5] - Expecting to receive the environmental assessment certificate in Q4 2025, which is a key catalyst for share price [6] 6. **Cost Advantages**: - Existing infrastructure includes a fully permitted tailings facility, saving approximately $150 million in capital expenditures [6] - Access to hydroelectric power at $0.06 per kilowatt hour, significantly lower than other Canadian mines [6][7] 7. **Production Profile and Future Plans**: - Initial five years of production will focus on high-grade material, with plans to incorporate the Snip asset to smooth production in later years [9][10][16] - Potential to increase production to over 500,000 ounces by monetizing additional critical minerals like antimony, lead, and zinc [17] 8. **Market Valuation and Shareholder Profile**: - Current market capitalization of approximately $3 billion, with a target of $10 billion based on projected cash flows and EBITDA multiples [9][15] - Institutional ownership at about 65%, with significant interest from mining-focused funds [15] Additional Important Information - The project is positioned to be a leading gold and silver investment vehicle due to its high-grade reserves and substantial byproduct credits from silver [13] - The company is exploring refinancing options for its senior secured loan to optimize capital costs [11] - The production profile is designed to maximize profitability in a cyclical industry by focusing on high-grade ore [12]

Core Viewpoint - Cartier Silver Corporation has announced a brokered private placement to raise up to $1,500,000 through the sale of up to 12,000,000 units at an issue price of $0.125 per unit, with proceeds aimed at drilling on the Los Chorrillos Project in Bolivia and for general working capital purposes [1][2]. Group 1: Offering Details - The Offering consists of units, each comprising one common share and one-half of a share purchase warrant, with each full warrant allowing the purchase of one share at $0.20 for 36 months [1]. - The Lead Agent will receive an 8% cash agency fee on the total proceeds and broker warrants equal to 8% of the units issued [1]. - The Offering may be increased by up to 1,800,000 units for additional proceeds of $225,000 [1]. Group 2: Regulatory and Closing Information - The Offering is expected to close around November 11, 2025, subject to necessary approvals, including from the Canadian Securities Exchange [4]. - The securities issued will have a hold period of four months and one day from the closing date [4]. Group 3: Insider Participation - Certain insiders of the Company and the Lead Agent may acquire up to approximately 50% of the Offering, which will be considered a related party transaction [5]. - Participation by insiders is expected to be exempt from formal valuation and minority shareholder approval requirements as their subscription value is not expected to exceed 25% of the Company's market capitalization [5]. Group 4: Company Overview - Cartier Silver is focused on exploring and developing silver property assets, including the Los Chorrillos Project in Bolivia, and holds significant iron ore resources and a gold property in Canada [8].