Core Viewpoint - Silver Scott Mines is set to launch an AI-powered shareholder verification system, enhancing security and functionality for shareholders [1] Company Developments - The new verification system will be integrated into the Silver Scott Mines corporate website and will serve as a core feature of the upcoming TrustNFT platform [1] - Shareholders will have the capability to securely upload proof of ownership, such as brokerage statements, through this new system [1]

Group 1 - SSR Mining Inc. produced 120,191 gold equivalent ounces at an all-in sustaining cost (AISC) of $2,068 per ounce, resulting in a record net income of $90.1 million for Q2 2025, equating to $0.42 per share [1] - The company reported an adjusted net income of $110.1 million, or $0.51 per share, with liquidity standing at $912.1 million, including $412.1 million in cash [1] - Operating cash flow was $157.8 million, with free cash flow amounting to $98.4 million, driven by a notable contribution of 44,062 ounces of gold from CC&V at an AISC of $1,339 per ounce [1] Group 2 - SSR Mining maintained its 2025 gold equivalent ounce projection of 410,000-480,000, while reclamation expenses increased by $12.9 million, raising total remediation estimates to between $262.9 million and $312.9 million [2] - Anticipated silver output at Puna for 2026 is projected to be 7-8 million ounces, exceeding previous forecasts and extending the mine's life [2] - The Hod Maden project progressed with an expenditure of $16.2 million in Q2, positioning SSR Mining for long-term portfolio expansion [2]

Financial Performance - Compañía de Minas Buenaventura S.A.A. reported strong second-quarter 2025 results, with EBITDA from direct operations increasing to $130.1 million from $107.2 million in Q2 2024 [1] - Net income rose to $98.2 million from $74.4 million year-over-year [1] - For the first half of 2025, EBITDA was $256.4 million and net income was $245.2 million, both significantly higher than the same period in the previous year [1] Debt and Cash Position - The company reported a leverage ratio of 0.56x and net debt of $271.7 million [1] - Cash reserves stood at $588.5 million [1] - Buenaventura repaid $149 million in 2026 notes on July 23, 2025 [1] Operational Highlights - El Brocal's restart led to a 28% year-over-year increase in copper production [3] - However, silver output declined by 11% and gold production dropped by 19% due to reduced production at Orcopampa and Tambomayo [3] - Lead output increased by 2%, while zinc production surged by 22% [3] Investment and Sales Initiatives - Buenaventura invested $82.2 million in mining and plant development for the San Gabriel project [3] - The company began selling Cerro Verde's copper concentrate, with 20,000 WMT sold in Q2 2025 out of an anticipated 40,000 WMT for the year [3] Market Position - Compañía de Minas Buenaventura S.A.A. is ranked ninth among the Best Silver Mining Stocks according to hedge funds [1][3]

Financial Performance - McEwen Inc. reversed a $13.0 million loss in Q2 2024 to achieve a net income of $3.0 million in Q2 2025 [1] - Gross profit increased to $12.3 million with a 26% margin, and adjusted EBITDA rose from $7.2 million to $17.3 million [1] - Revenue reached $46.7 million from 14,549 GEOs, with an average realized gold price of $3,298 per GEO [1] - Cash and equivalents increased to $53.6 million, with working capital improving to $61.8 million from -$6.5 million at the end of 2024 [1] Production and Costs - Consolidated output, including the 49%-owned San José Mine, was 27,554 GEOs, with cash expenses per GEO at $1,906 and AISC at $2,120, slightly higher than Q2 2024 [2] - Production increases during H2 2025 are expected to reduce unit costs [2] - Full-year guidance is reiterated at 120,000-140,000 GEOs, supporting the firm's objective to increase gold and silver production by 2030 [2] Investments and Developments - McEwen Copper spent $7.0 million on the Los Azules Feasibility Study and $5.4 million on exploration across various projects [2] - The Froome West and Stock mining ramp developments are advanced by Fox Complex [2] - The company reported no lost-time events, indicating continued high safety standards [2]

Core Insights - Fortuna Mining Corp. is recognized as one of the best silver mining stocks to buy according to hedge funds [1][2] - Recent drilling results from the Séguéla Mine in Côte d'Ivoire indicate significant gold mineralization at both the Kingfisher and Sunbird deposits [1][2] Group 1: Drilling Results - At the Kingfisher deposit, drilling revealed 4.5 g/t Au over 37.4 meters from a depth of 79 meters in hole SGRD2363, with mineralization confirmed up to 250 meters along strike and 300 meters below the surface [1] - The Sunbird deposit showed multiple significant results, including 2.1 g/t Au over 8.4 meters, 5.6 g/t Au over 4.9 meters, 11.2 g/t Au over 5.6 meters, and 8.5 g/t Au over 7.0 meters from a depth of 566 meters in hole SGRD2431 [1] Group 2: Exploration Insights - Paul Weedon, SVP of Exploration, highlighted that the Kingfisher infill program has extended both depth and strike potential while confirming broad mineralization, supporting the mine's long-term expansion potential [2] - Ongoing drilling at Sunbird aims to further develop the mineralized envelope and enhance geological confidence [2]

Core Insights - Hecla Mining Company (NYSE:HL) is recognized as one of the 11 Best Silver Mining Stocks to Buy according to hedge funds [1] - Roth Capital raised its price target for Hecla Mining from $6 to $6.50 while maintaining a Neutral rating, reflecting a cautious outlook despite strong Q2 2025 results [1][2] - The company confirmed its silver production guidance and slightly increased its gold production guidance, although there are concerns that Q2 may represent a peak in performance [1][2] Financial Performance - Hecla Mining reported stronger-than-expected Q2 results, which led to the revision of the price target [2] - The revised price target of $6.50 indicates a modest increase in gold production while maintaining stable silver output, which is crucial for the company's operations [2] Market Outlook - Roth Capital's Neutral rating suggests limited near-term upside for Hecla Mining, with future performance reliant on consistent production delivery [2] - A cautious outlook for 2025 balances the improved quarterly performance, indicating potential challenges ahead [2]

Group 1 - Pan American Silver Corp. (NYSE:PAAS) is selling its 80% stake in the La Pepa Project to Mineros S.A. for $40 million, which will grant Mineros complete ownership of the project [1] - The agreement will end the current joint venture between Pan American Silver and Mineros, with the closing deadline set for September 30, 2025 [1] - The La Pepa Project in Chile's Maricunga Gold Belt contains significant resources, including 1.15 million oz Au (Measured), 1.04 million oz Au (Indicated), and 366 koz Au (Inferred) [2] Group 2 - Mineros plans to conduct a preliminary economic assessment to evaluate the feasibility of the La Pepa Project based on the 2021 Mineral Resource estimate, assuming a long-term gold price of $1,650/oz [2] - The acquisition increases Mineros' exposure to Chile, a key mining jurisdiction, and strengthens the company's growth pipeline [1]

Core Insights - Coeur Mining, Inc. (NYSE:CDE) is recognized as one of the top silver mining stocks to invest in according to hedge funds [1][2] - Roth Capital has upgraded Coeur Mining's price target from $12 to $13 while maintaining a Buy rating, following better-than-expected Q2 2025 results [1][2] - The company's Q2 performance exceeded projections, showcasing strong operational momentum and reinforcing its balance sheet, which is expected to facilitate production expansion in the latter half of the year [1][2] Financial Performance - Coeur Mining reported a strong Q2 2025, with results surpassing Roth Capital's expectations, indicating consistent operational momentum [2] - The financial achievements have bolstered the company's balance sheet, enhancing investor confidence and financial flexibility [2] - Additional production improvements are anticipated in H2 2025, positioning the company for sustained growth [2]

Group 1 - First Majestic Silver Corp. (NYSE:AG) is recognized as one of the best silver mining stocks to buy according to hedge funds, highlighting its strong market position [1] - The company reported positive exploration results from its San Dimas Silver/Gold Mine in Durango, Mexico, following expanded drilling efforts that intersected high-grade silver and gold mineralization [1][2] - The Coronado vein, recently discovered in the West Block, produced a significant high-grade intercept, indicating the potential for new mineral resources [1][2] Group 2 - San Dimas is a key asset in First Majestic's long-term expansion strategy, with ongoing drilling campaigns expected to enhance resource expansion [2] - The discovery of the Coronado vein contributes positively to the mineralization profile of the district, reinforcing the mine's status as a superior asset [2]

Group 1 - Silvercorp Metals, Inc. (NYSE:SVM) is recognized as one of the 11 Best Silver Mining Stocks to Buy According to Hedge Funds [1] - Roth Capital analyst Joe Reagor raised the price target for Silvercorp from $6.25 to $6.75 while maintaining a Buy recommendation [1] - The company is adjusting its model for miners based on an increase in projected gold prices, estimating average gold prices of $3,294 for Q2, $3,300 for Q3, and $3,150 for Q4 2025 [1] Group 2 - Silvercorp Metals is a mineral exploration company engaged in acquiring, exploring, developing, and mining mineral properties, with producing mines located in China and projects in Ecuador [2] - The company's revenue is primarily generated from the sale of silver concentrates, with significant operations in the Ying Mining District and GC Mine in China [2] - Silvercorp's portfolio includes the Condor gold project in Ecuador and the El Domo copper-gold project, alongside multiple silver-lead-zinc mines in China [2]