Core Insights - Coeur Mining Inc. (NYSE:CDE) has shown significant stock performance, increasing by as much as 8.19% to $22.07 during intra-day trading, ultimately closing up by 5.93% at $21.61, driven by investor interest in safer assets amid geopolitical tensions and macroeconomic concerns [1][2] - The stock's rally is attributed to rising gold and silver prices, with gold reaching $4,629 and silver climbing to $86.12, enhancing profit margin prospects for mining companies [2][3] - Coeur Mining is planning to acquire New Gold Inc., which has also contributed to its stock performance as both companies benefit from the surge in precious metal prices [1][4] Company Developments - Coeur Mining is scheduled to hold a virtual special stockholders' meeting on January 27, 2026, to seek approval for increasing its authorized capital stock from 900 million to 1.3 billion shares and for issuing shares to New Gold shareholders as part of the acquisition [4]

Core Viewpoint - AbraSilver Resource Corp. has initiated the Phase VI diamond drilling program at its Diablillos project in Argentina, following the successful completion of Phase V drilling, which will contribute to an updated Mineral Resource estimate for the upcoming Definitive Feasibility Study [1][3][6]. Phase VI Drill Program Highlights - The Phase VI program will consist of approximately 15,000 meters of drilling across about 50 diamond drill holes, with two drill rigs currently active [4][6]. - The program aims to expand and upgrade Mineral Resources within and beyond existing conceptual open pit limits, focusing on high-priority targets such as Oculto East, Oculto Northeast, and Cerro Bayo [5][6]. Phase V Drill Results - Recent results from the Phase V drill program at JAC confirm the presence of silver mineralization at the periphery of the deposit, with notable intervals reported [9][10]. - The latest drill results include significant intercepts, such as 31 meters at 45 g/t Ag and 28 meters at 49 g/t Ag, indicating strong continuity of mineralization [10]. Mineral Resource Estimate - The most recent Mineral Resource estimate for Diablillos, as of July 21, 2025, includes 73.1 million tonnes grading 79 g/t Ag and 0.66 g/t Au, with a total of approximately 186 million ounces of silver and 1.6 million ounces of gold [18][22]. - The resource is categorized into Measured, Indicated, and Inferred categories, with significant potential for further growth based on ongoing exploration [18][22]. Exploration Focus - The Phase VI drilling will also evaluate the Condoryacu target, a new exploration area approximately 3 km south of the Oculto open pit, which has not been previously drill-tested [7][8]. - Additional drilling is planned for JAC, Sombra, and Fantasma to assess extensions of known mineralization and continuity between deposits, supporting long-term exploration upside [8][6].

Core Insights - Arizona Gold & Silver Inc. has appointed Dr. Lex Lambeck as Senior Vice President of Exploration, succeeding Mr. Greg Hahn who will take on the role of Vice Chair [1][6] - Dr. Lambeck has over 25 years of experience in mineral exploration and project development, with a strong background in managing large-scale projects and exploration programs [4][5] - The company aims to advance its flagship Philadelphia project and explore additional projects like Silverton and Sycamore Canyon under Dr. Lambeck's leadership [3][8] Company Overview - Arizona Gold & Silver Inc. focuses on uncovering precious metal resources in Arizona and Nevada, emphasizing sustainable practices and innovative exploration techniques [7] - The Philadelphia gold-silver property is the company's flagship asset, where drilling is ongoing to assess an epithermal gold-silver system ahead of an initial resource calculation [8] Leadership and Experience - Dr. Lambeck previously served as Vice President of Exploration at MAG Silver Corp., contributing to significant exploration programs and holding the position of Chief Geologist for the Deer Trail Project [2] - His expertise includes integrating geology, geochemistry, geophysics, and 3D geological modeling to support data-driven decision-making [5] - Mr. Hahn, with over 50 years in the mining industry, will continue to guide the company's growth as Vice Chair [6]

Core Viewpoint - Aya Gold & Silver Inc. reported record production and operational metrics at its Zgounder Silver Mine for Q4-2025, highlighting a strong performance and strategic positioning for future growth [1][3][10]. Production Metrics - In Q4-2025, silver production reached 1,371,300 ounces, a 2% increase from Q3-2025, contributing to a total of 4,829,151 ounces for the year, which is a 193% increase year-over-year [3][10]. - The average ore processed was 349,242 tonnes in Q4-2025, a 14% increase from Q3-2025, with a total of 1,178,420 tonnes processed for the year, marking a 228% increase compared to 2024 [3][10]. - The average head grade processed was 134 grams per tonne (g/t) for Q4-2025, down 8% from Q3-2025, while the silver recovery rate was 91.2%, slightly lower than the previous quarter [3][4]. - Mill availability was recorded at 99.0% in Q4-2025, indicating consistent operational reliability [3][5]. Operational Highlights - The Zgounder mine achieved a record mining rate of 4,187 tonnes per day (tpd) at an average grade of 130 g/t, with underground mining contributing 1,387 tpd at 161 g/t and open-pit operations contributing 2,800 tpd at 115 g/t [5][8]. - December 2025 marked a record month with a milling rate of 4,107 tpd and silver production of 545,491 ounces, showcasing the effectiveness of operational strategies [1][8]. - The company implemented blast-movement control and bench-by-bench modeling to enhance ore recovery and minimize dilution, which will remain a focus in 2026 [6]. Boumadine Operations - In 2025, the company began reclaiming and selling its historical pyrite stockpile at Boumadine, achieving production of 1,245 ounces of gold and 83,480 ounces of silver, totaling 172,129 ounces of silver equivalent for the year [9][10].

Core Viewpoint - G Mining Ventures Corp. announced strong preliminary production results for the Tocantinzinho Gold Mine for Q4 and the full year 2025, highlighting significant gold production and operational improvements [1][2][3]. Production Results - In Q4 2025, Tocantinzinho produced 47,346 ounces of gold, processing 1,077 kt of ore at an average grade of 1.49 g/t Au with recoveries of 91.8% [1][3]. - For the full year 2025, the mine produced 171,871 ounces of gold from 4,086 kt of ore at an average grade of 1.44 g/t Au, achieving recoveries of 90.6% [2][3]. Mining Activities - In Q4 2025, the total ore mined was 1,725 kt, with waste mined at 4,230 kt, resulting in a total of 5,954 kt mined and a strip ratio of 2.45 [3]. - The average mining rate increased to 64,720 tonnes per day, an 18% rise compared to Q3 2025 due to additional mining equipment [5]. Processing Activities - The average plant throughput for Q4 was 11,711 tonnes per day, with a total of 1,077 kt processed [3][5]. - Gold sales for Q4 amounted to 47,457 ounces, while for the full year, gold sales reached 172,093 ounces [5]. Safety Performance - The mine achieved a solid safety performance with only two lost time incidents, resulting in a Lost Time Injury Frequency Rate of 0.15 [3]. Future Outlook - The company is focused on continued optimization initiatives to enhance mine and plant productivity, with financial and operational results for Q4 and year-end 2025 to be released at the end of March [3].

Core Viewpoint - Vizsla Silver Corp. has reported positive results from its geotechnical drill campaign at the Copala resource area of its Panuco silver-gold project in Mexico, indicating high-grade continuity and supporting mine development studies [3][6]. Group 1: Drill Results - The recent geotechnical drill campaign included 11 holes targeting the Copala resource area, with significant grades reported, including 1,800 grams per tonne (g/t) silver equivalent (AgEq) over 3.80 meters true width [5][6]. - Notable drill results include DDH-CAP-008B returning 1,800 g/t AgEq, DDH-CAP-003A returning 840 g/t AgEq over 6.50 meters, and DDH-CAP-007B returning 424 g/t AgEq over 8.90 meters [5][6][8]. - The Copala structure currently hosts Measured Resources of 41.4 million ounces (Moz) AgEq at 684 g/t, Indicated Resources of 82.8 Moz AgEq at 600 g/t, and Inferred Resources of 35.5 Moz AgEq at 476 g/t [3][4]. Group 2: Project Development - The Copala structure has been traced for approximately 1,770 meters of strike length and 400 meters down dip, with ongoing underground drilling planned to upgrade resources [4][6]. - Vizsla Silver has commenced a fully funded and permitted test mine and bulk sample program at Copala, focusing on developing an underground ramp and ore extraction [7]. - The company plans to conduct an aggressive infill drilling campaign exceeding 13,000 meters to upgrade additional resources into the Indicated and Measured categories [7]. Group 3: Feasibility Study Insights - The recently completed Feasibility Study for the Panuco project highlights an annual production of 17.4 Moz AgEq over an initial mine life of 9.4 years, with an after-tax NPV(5%) of US$1.8 billion and an IRR of 111% [14]. - The study indicates a 7-month payback period at metal prices of US$35.50 per ounce for silver and US$3,100 per ounce for gold [14].

Core Viewpoint - Integra Resources Corp. has received a defined federal permitting schedule from the U.S. Bureau of Land Management for its DeLamar Heap Leach Project, significantly reducing permitting uncertainty and enhancing project visibility [1][4]. Permitting Schedule and Timeline - The BLM's schedule includes a Notice of Intent publication in Q2 2026, followed by a 15-month NEPA review, leading to an Environmental Impact Statement and Record of Decision by Q3 2027, which is more efficient than previous scenarios [2][4]. - The established timeline is expected to improve project certainty, capital efficiency, and time-to-value for shareholders [4][5]. Project Development and Feasibility - The DeLamar Project has undergone nearly a decade of environmental data collection and engineering studies, positioning it as one of the most advanced precious metals development opportunities in the U.S. [6][11]. - The recently released Feasibility Study indicates strong economic potential, with projected production of 1.1 million ounces of gold equivalent over a 10-year mine life and an after-tax NPV of $774 million at base case prices [11][12]. Community Engagement and Environmental Considerations - Ongoing engagement with local communities and Tribal Nations has informed project refinements and will continue throughout the NEPA process [6][7]. - The BLM will conduct a public scoping process to identify concerns and guide the development of alternatives to minimize environmental impacts [7][8]. Next Steps and Permitting Requirements - Following the NEPA process, the company will prepare a final Mine Plan of Operations that incorporates the Preferred Alternative and required mitigation measures [9][10]. - The company will also work on obtaining various permits necessary for construction, including groundwater and air quality permits, as well as a reclamation plan [10].

Neils ChristensenNeils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada. He has worked exclusively within the financial sector since 2007, when he started with the Canadian Economic Press. Neils can be contacted at: 1 866 925 4826 ext. 1526 nchristensen at kitco.com @Neils_cShareDisclaimer: The views expressed ...

Core Insights - The Platreef Mine is advancing its development with the first sale of concentrate completed and significant expansions planned for both Phase 1 and Phase 2 [1][13][15] - The mine is projected to produce approximately 450,000 ounces of platinum, palladium, rhodium, and gold within 24 months, supported by a $700 million senior project finance facility [1][15][19] - The current market conditions indicate a new metals super-cycle, with rising prices for precious and base metals, which are now considered essential [3][27] Phase 1 and 2 Developments - The Phase 1 concentrator produced its first batch of concentrate on November 18, 2025, and is expected to achieve 80% of nameplate capacity by mid-2026 [7][33] - Shaft 3 is on track for completion in April 2026, which will increase hoisting capacity from 0.8 million tonnes per annum (Mtpa) to approximately 5.0 Mtpa [9][12] - The Phase 2 expansion is targeted for completion in Q4 2027, aiming to increase production significantly and is already underway with DRA Global appointed as the EPCM contractor [15][19][21] Resource and Production Estimates - The Flatreef discovery contains 59 million ounces of precious metals in Indicated Resources and 93 million ounces in Inferred Mineral Resources [2][34] - The Phase 2 expansion is expected to increase annualized production to over 460,000 ounces of platinum-group metals, with further increases anticipated in Phase 3 [23][22] - The Platreef Mine is projected to be one of the lowest-cost producers globally, with life-of-mine total cash costs estimated at $599 per ounce of platinum-group metals [22][21] Financial and Market Context - The current spot prices for platinum and palladium are significantly higher than those used in previous financial assessments, enhancing the project's value [28][29] - The net present value (NPV) of the Phase 2 feasibility study has increased by over 70% to approximately $2.7 billion due to rising metal prices [29] - The overall project value has been boosted to well over $5.0 billion, reflecting the strong market for precious metals [27][28]

Market Performance - The A-share market opened with mixed performance among the three major indices, with the Shanghai Composite Index rising by 0.35% and the Shenzhen Component Index increasing by 0.47%, while the ChiNext Index fell by 0.13% [1] AI Sector - The AI application sector experienced significant gains, with Yidian Tianxia opening up nearly 14%, and companies like People's Daily and Vision China hitting the daily limit, while Daily Interaction and Parallel Technology also saw increases [1] Precious Metals - Spot gold and silver prices reached new highs, with gold surpassing $4,600 and spot silver standing at $84.02, indicating a strong performance in precious metals [1] - Companies in the precious metals sector, such as Hunan Silver and Zhaojin Gold, reported notable gains [1]