Industry Overview - Silver is gaining renewed attention as it approaches the critical US$40 mark, with major institutions suggesting it could outperform gold in the coming months [1] - Sprott Asset Management highlights silver's favorable supply-demand dynamics, indicating structural supply shortfalls and new investments in silver-backed plays [2] Company Developments - Magma Silver Corp. has secured full community access rights to its Jorimina and Randypata deposits in Peru, facilitating immediate exploration activities [3] - The community access agreement is crucial for exploration in Peru, emphasizing the importance of maintaining a harmonious relationship with local communities [4] - Historical exploration by Newmont at these deposits exceeded CAD$10 million, yielding promising results, including 17.4 meters of 3.06 g/t gold and 128 meters of 1.31 oz/t silver from the Jorimina deposit [4] - Magma Silver has expanded its operations in Peru, establishing a Lima office and assembling a skilled in-country team to advance its 4,100-hectare Niñobamba silver-gold project [5] - The company is applying modern targeting techniques to previously tested ground by major mining companies [5] - An experienced operations team has been established in Peru, with Carlos Agreda Minaya appointed as General Manager, supported by legal and environmental specialists [6][7] - Surface access is secured for Randypata and Jorimina, with discussions ongoing for the Main deposit, and drill permits expected soon for a diamond drilling campaign targeted for Q4 2025 [7] - Magma's share structure is tight, with over 34 million shares outstanding, providing new investors exposure to a well-positioned exploration play in a mining-friendly jurisdiction [8] Other Industry Developments - Till Capital Corporation has acquired Silver Storm Mining Ltd. in an all-share deal, consolidating both companies under a silver-focused banner [9] - Silver Storm now holds 100% ownership of the La Parrilla silver mine complex, which previously produced over 34 million silver-equivalent ounces [10] - Silver47 Exploration Corp. is advancing exploration at its Adams Plateau project in British Columbia, targeting silver and other minerals, with a 5-year drilling permit received [11][12] - Equity Metals Corporation has initiated its 2025 drill program at the Silver Queen project, focusing on high-grade silver-gold-zinc mineralization [13][14]

Company Overview - Avino Silver & Gold Mines (ASM) is identified as a silver mining company with a strong balance sheet and significant organic growth anticipated in the coming years [1] Analyst Background - The analyst has over 10 years of experience researching companies across various sectors, including commodities and technology, with a focus on value investing [1] Investment Focus - The analyst expresses a preference for covering metals and mining stocks, while also being comfortable with other industries such as consumer discretionary, REITs, and utilities [1]

Core Viewpoint - Kuya Silver Corporation is initiating a non-brokered private placement to raise between CAD$5 million and CAD$10 million through the issuance of 10 million to 20 million units at CAD$0.50 per unit [1][4]. Group 1: Offering Details - Each unit will consist of one common share and one warrant, with the warrant allowing the purchase of an additional common share at CAD$0.65 for 36 months [2]. - The offering is being conducted under the LIFE Exemption, allowing it to be offered to Canadian residents (excluding Québec) and other jurisdictions compliant with local securities laws [1][4]. - The offering may close in multiple tranches, with the first tranche expected by July 31, 2025, and the final closing by September 7, 2025 [5]. Group 2: Financial Advisor and Fees - Kuya Silver has engaged ECM Capital Advisors Ltd. as its financial advisor, with potential fees including a cash commission of up to 7% on total proceeds and the issuance of Finder's Warrants [3]. - Each Finder's Warrant will allow ECM to acquire one common share at CAD$0.50 for 36 months [3]. Group 3: Use of Proceeds - The net proceeds from the offering will be allocated for exploration and development expenses related to the Bethania project and for general working capital [4]. Group 4: Company Overview - Kuya Silver is a Canadian-based mining company focused on silver, operating the Bethania silver mine in Peru and developing projects in Peru and Canada [9].

Core Viewpoint - Aya Gold & Silver Inc. reported a significant increase in silver production for Q2-2025, achieving 1.04 million ounces, reflecting strong operational execution and improvements at the Zgounder Silver Mine in Morocco [1][2][7]. Production Metrics - Silver production in Q2-2025 reached 1,042,317 ounces, a 140.9% increase compared to Q2-2024's 432,667 ounces [2]. - Ore processed in Q2-2025 was 273,471 tonnes, marking a 239.5% increase from 80,562 tonnes in Q2-2024 [2]. - Silver recovery improved to 86.5% in Q2-2025, up from 84.7% in Q2-2024, indicating a 2.1% enhancement [2]. - Mill availability increased to 98.2% in Q2-2025, compared to 95.4% in Q2-2024, a 2.9% improvement [2]. - Mine production reached 241,288 tonnes in Q2-2025, a 111.6% increase from 114,025 tonnes in Q2-2024 [2]. Operational Highlights - The Zgounder Mine achieved an average mining rate of 2,652 tonnes per day (tpd), with production split 64% from open pit and 36% from underground [5]. - Mill capacity reached 3,005 tpd and silver recovery rates improved to 87% in Q2-2025 [5][7]. - The company expects to sustain recovery rates and further increase milling capacity in the second half of 2025 [5][8]. Future Outlook - The company is focused on ramping up operations, with additional mining equipment mobilized for Q3-2025 to support increased production [8]. - Initiatives are underway to enhance ore recovery and reduce dilution in the open pit, showing promising preliminary results [9]. - Underground development is progressing, with mining at deeper levels yielding better grades [11].

Core Points - Honey Badger Silver Inc. has successfully closed a non-brokered private placement financing, raising a total of $630,205.92 through the issuance of 5,729,145 units at a price of $0.11 per unit due to strong investor demand [1] - The total gross proceeds from the company's financing efforts, including previous tranches, amount to approximately $3.081 million [2] - The net proceeds from the Additional Financing will be utilized for advancing the company's properties, purchasing silver royalties, and for general administrative purposes [3] Financial Details - The company paid aggregate cash finder's fees of $10,500 and issued 95,455 non-transferable finder's warrants, each exercisable at C$0.15 per share until January 23, 2027 [4] - The securities issued are subject to a four-month hold period under Canadian securities laws and require final approval from the TSX Venture Exchange [5] Company Overview - Honey Badger Silver is focused on silver mining, with projects located 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 a historic resource of 5.5 million ounces of silver [7][8] - The company has significant land holdings in the Nanisivik Mine Area, which produced over 20 million ounces of silver from 1976 to 2002 [7]

Core Viewpoint - Coeur Mining (CDE) shows a significant improvement in earnings outlook, making it an attractive investment option as analysts continue to raise earnings estimates for the company [1][2]. Earnings Estimates - Analysts' optimism regarding Coeur Mining's earnings prospects is leading to higher estimates, which is expected to positively impact the stock price [2]. - The Zacks Rank system indicates a strong correlation between earnings estimate revisions and stock price movements, with Zacks 1 Ranked stocks averaging a +25% annual return since 2008 [3]. Current Quarter Estimates - For the current quarter, Coeur Mining is expected to earn $0.17 per share, reflecting a year-over-year increase of +1,800.0% [5]. - Over the past 30 days, the Zacks Consensus Estimate for the company has risen by 45.24%, with two estimates moving higher and no negative revisions [5]. Current Year Estimates - The expected earnings for the full year are $0.74 per share, representing a +311.1% change from the previous year [6]. - The consensus estimate has increased by 8.87% over the past month, with two estimates moving higher and no negative revisions [6][7]. Zacks Rank - Coeur Mining has achieved a Zacks Rank 1 (Strong Buy) due to favorable estimate revisions, which is a reliable tool for investors to leverage earnings estimate changes [8]. - Stocks with Zacks Rank 1 and 2 have been shown to significantly outperform the S&P 500 [8]. Investment Outlook - The strong estimate revisions have led to a 7.3% increase in Coeur Mining's stock over the past four weeks, suggesting potential for further upside [9].

Meet the Executives Shaping the Mining Landscape We caught up with Gary Thompson, CEO of Silver47 Exploration Corp. (TSXV: AGA) (OTCQB: AAGAF) to discuss what's next for the company as the merger with Summa Silver Corp. comes to a close. The merger creates a U.S.-focused silver company with year-round drilling capabilities across three projects. Silver47 Exploration Corp. (TSXV: AGA) (OTCQB: AAGAF) Cannot view this video? Visit: https://www.youtube.com/watch?v=o73qMuxZQTY Tune into 'Inside the Boardroom' ea ...

Summary of Investigator Resources (IVR) Conference Call - July 23, 2025 Industry Overview - **Precious Metals Market Dynamics**: Investors tend to favor gold during global uncertainty, but silver historically outperforms gold in bull markets. In the 1970s, gold increased from $35 to $850, a 24 times return, while silver rose 35% during the same period [1][2]. - **Demand Drivers for Silver**: Silver serves dual purposes as a store of wealth and an industrial commodity, utilized in electronics, electric vehicles (EVs), and green energy technologies. The ongoing decarbonization trend is expected to drive demand for silver significantly [3][4]. - **Supply Constraints**: Approximately 75% of silver production comes from Latin America, Russia, and China, regions known for geopolitical instability. The Silver Institute reports deficits of 100 to 250 million ounces, which is about one-fourth of global production [5][6]. Company Overview: Investigator Resources - **Paris Silver Project**: Investigator Resources owns the Paris Silver Project, which contains 57 million ounces of high-grade silver. The project is positioned in a stable jurisdiction and has district-scale exploration potential [9][10]. - **Financial Position**: The company has a market cap of approximately $48 million and $5 million in cash, indicating strong funding for ongoing projects [11]. - **Definitive Feasibility Study (DFS)**: The DFS is underway, with previous studies indicating $480 million in free cash. The silver price has increased by 70% since the last study, suggesting potential upside of an additional $650 million [12][13]. Investment Opportunity - **Cost Optimization**: The company is focusing on reducing operational expenditures (OpEx) to lower cutoff grades, which would allow for more silver to be included in the mine plan. This includes transitioning to alternative power sources and optimizing tailings management [14][15]. - **Exploration Potential**: The Paris project is part of a 15-kilometer silver corridor with confirmed widespread mineralization. Recent acquisitions, such as the Athena project, present additional exploration opportunities [16][18]. - **Upcoming Drilling Programs**: Drilling is set to commence in September in a separate area near Broken Hill, which has historical gold and copper mines, highlighting further potential for discovery [19][20]. Market Context - **Macro Factors**: The current economic environment, characterized by massive money printing, rising U.S. debt, and declining confidence in fiat currencies, is driving investors towards precious metals as a hedge against inflation. The gold to silver ratio is currently at 86:1, significantly above the historical average of 65:1, indicating potential for silver price appreciation [6][7][8]. Conclusion - **Strategic Positioning**: Investigator Resources is well-positioned to capitalize on the rising demand for silver, with a low-cost, high-grade project and significant exploration potential. The current market conditions present a compelling investment opportunity in the silver sector [21].

Paris Silver Project Overview - The Paris Silver Project boasts a JORC (2012) Resource of 57 million ounces of silver and 99 thousand tonnes of lead[35] - A Pre-Feasibility Study (PFS) was completed in 2021, and a Definitive Feasibility Study (DFS) is currently underway[35] - The project is considered a high-grade, low-cost, high-margin silver project located in a Tier-1 jurisdiction[11] Silver Market Dynamics - Silver is described as having a dual role as both an industrial metal and a store of wealth, with rising demand and tight supply[11] - Only approximately 27.8% of silver comes from primary silver mines, with the rest being a by-product of other mining operations[19] - The silver market is forecast to continue experiencing a deficit[23] Investigator Resources Limited - The company's market capitalization is $48.5 million, with $5.1 million in cash as of June 30, 2025 (unaudited), resulting in an enterprise value of $43.4 million[38] - The top 20 shareholders hold 30% of the company's shares[38] - The PFS indicated a free cash flow of A$487 million, an NPV8 of A$202 million, a CAPEX of A$131 million, an IRR of 48%, and an ASIC of A$17.45/oz[40] Exploration and Expansion Potential - Investigator Resources is exploring a 15km mineralized corridor around the Paris Silver Project[11] - The company has a farm-in agreement on an adjacent high-grade silver prospect called Athena, where historical drilling terminated in silver mineralization[51, 52] - Drilling is scheduled to commence in September 2025 at Curnamona, a copper/gold prospect[55]

Company Overview - Silvercorp Metals (NYSE: SVM) is identified as one of the cheaper silver mining companies, operating long-life and relatively low-cost mines in China, strategically located near smelters, suppliers, and ports [1] - The company also has several projects and deposits in Ecuador and Bolivia through a 28.2% stake in New [1] Analyst Background - The analyst has over 10 years of experience researching companies across various sectors, including commodities like oil, natural gas, gold, and copper, as well as technology and emerging market stocks [1] - The analyst has written a blog for about 3 years and has transitioned to a value investing-focused YouTube channel, researching hundreds of different companies, with a particular interest in metals and mining stocks [1]