Core Insights - Stuhini Exploration Ltd. reported highly favorable metallurgical test results from a surface mini-bulk sample at the Silver Surprise Zone, confirming a 95% silver recovery from a sample with a grade of 4,200 g/t silver [1][2][4] Metallurgical Results - The 1585 lb (719 kg) mini-bulk sample confirmed very high-grade silver mineralization with a recovery of 95% silver via direct smelting, and a gravity separation process recovered 15% of the contained silver [6][9] - The gravity separation produced a refined silver bar weighing 445 grams (14.3 troy ounces) [8] - Tailings after gravity separation assayed 3,540 g/t silver, indicating a significant amount of free and heavy silver [6][9] Strategic Importance - The results are significant as they confirm the potential for a low-complexity processing route for the ultra-high-grade, quartz-hosted silver mineralization, which is well-suited for direct smelting [4][9] - The high recovery rates align with the rising global demand for silver driven by investment interest and industrial applications [2] Future Plans - The Silver Surprise Zone remains open for further exploration, with plans for follow-up prospecting and sampling in 2026, as well as the possibility of a larger bulk sample or drilling program [10][12] Project Overview - The Ruby Creek Project spans 29,734 hectares and includes the highest silver grades identified on the property, with previous surface grab sampling showing values between 1,000 g/t and 16,030 g/t silver [11][16] - The project also hosts a molybdenum deposit with a measured and indicated resource of 433 million pounds [16][17]

Group 1: Silver Price Surge - Silver prices surged over 5% to $56 per ounce, marking the strongest single-day rally in over a year, driven by tightening supplies and concerns of a global shortage [1] - Year-to-date, silver has gained 95%, on track for its best performance since 1979 [1] Group 2: Market Imbalances in China - Silver on-warrant inventories at the Shanghai Futures Exchange fell by 9,361 kilograms to 531,211 kilograms, the lowest level since 2015 [3] - China's silver exports in October reached over 660 tonnes, a new all-time high, indicating a tight market [4] - Shanghai has entered backwardation, signaling immediate physical scarcity in the silver market [5] Group 3: Monetary Policy Impact - Growing expectations of monetary policy easing have contributed to silver's rally, with a nearly 90% probability of a 25 basis-point rate cut by the Federal Reserve at its December 10 meeting [6] Group 4: Seasonal Trends and Future Outlook - Historically, silver has averaged a 2.12% gain in December, making it the third-strongest month of the year [7] - Silver closes December in positive territory 60% of the time, with the best returns occurring in 1997 and 2020, both around 17% [8] Group 5: Mining Stocks Performance - The rally in silver has reignited interest in mining equities, with the Global X Silver Miners ETF rising over 12% in just two days [9] - Notable gains among silver-focused miners include Aya Gold & Silver Inc. up 14.18%, Andean Precious Metals Corp. up 12.66%, and Discovery Silver Corp. up 12.39% [10]

Market Performance - The Dow is leading among large cap indexes with an increase of 0.66%, followed by the S&P 500 at 0.44% and Nasdaq at 0.42% [2] - Approximately 60% of U.S. stocks are rising today, indicating a positive market sentiment [3] Top Performers - Falcon's Beyond Global has surged by 15.3%, competing closely with Endeavour Silver Corp, which is up by 15.2%. Falcon's rise is attributed to recent earnings and a partnership with CD PROJEKT RED [3] - Endeavour Silver Corp's increase is linked to a 3% rise in silver prices [3] Underperformers - Jyong Biotech has dropped by 9.3%, and Arrowhead Pharmaceuticals has decreased by 8.4%, both showing significant declines without specific news driving the downturn [4] Opening Market Trends - The Russell 2000 index opened with a gain of 0.82%, leading the market, while the Nasdaq, S&P 500, and Dow also showed positive movements [5] - The 10Y Treasury yield increased by 1.3 basis points to 4.011%, indicating a slight rise in interest rates [5] - Silver futures rose by 3.69% to $55.59, while gold increased by 0.75% to $4,233. Brent Crude Oil saw a minor decline of 0.25% to $62.71 [5] Federal Reserve Leadership - Kevin Hassett is emerging as the frontrunner for the next Fed Chair, advocating for faster rate cuts to stimulate economic growth, which may challenge traditional views on Fed independence [6]

Group 1 - U.S. stocks experienced an upward trend, with the Dow Jones increasing by approximately 300 points on Friday [1] - Micron Technology, Inc. shares rose sharply by 2.5% to $235.92, driven by positive sentiment following Dell's strong third-quarter earnings and guidance [1] - Investors perceive Dell's results as indicative of broader strength in the technology sector, contributing to Micron's stock performance [1] Group 2 - DeFi Technologies Inc. shares surged by 20.5% to $1.6750 after the approval of QCAD as Canada's first compliant CAD stablecoin [3] - YD Bio Ltd saw a 13.7% increase in shares to $11.96, following the announcement of 510(k) clearance and plans for a clinical trial in Taiwan [3] - Other notable gainers included Savara Inc. (+12.3% to $6.02), TMC the metals company Inc. (+12.2% to $6.54), and ImmunityBio, Inc. (+10.7% to $2.3586) [3] - Precious metals stocks, including First Majestic Silver Corp. (+8.3% to $14.64) and Endeavour Silver Corp. (+10% to $9.47), rose amid increasing gold and silver prices [3] - Intel Corporation shares jumped by 7.8% to $39.65, reflecting positive market trends [3] - Crypto-linked stocks, such as Applied Digital Corporation, gained 6.8% to $26.61, following Bitcoin's rise above $90,000 [3]

Market Overview - U.S. stock markets are closed for Thanksgiving, with Dow Jones, S&P 500, and Nasdaq futures showing little change [1] - The stock market rally has seen a solid broad advance, with major indexes moving above their 50-day moving averages [1] Sector Performance - Leading stocks, particularly in the semiconductor, gold, and other metal sectors, have performed well [1] Notable Stocks - ASML, Pan American Silver, and Comstock Resources are highlighted as strong performers in the recent market action [2]

Core Insights - Silver X Mining Corp. reported strong financial results for the nine months ended September 30, 2025, with significant improvements in operating income and net loss compared to the previous year [7][11][14] - The company is positioned for rapid growth, particularly in its Tangana Mining Unit, with expectations to potentially double metal output by 2026 [3][4] Financial Highlights - Operating income for the nine months ended September 30, 2025, was $2.1 million, a turnaround from an operating loss of $180,000 in the same period last year [7] - In 3Q25, operating income increased by 166% to $486,000, compared to a loss of $733,000 in 3Q24 [7][13] - Year-to-date loss before tax decreased by 93% to $165,000 from $2.5 million in the prior-year period [7][11] - Net loss for the nine months ended September 30, 2025, decreased nearly 80% to $740,000, compared to $3.6 million in the prior-year period [7] - EBITDA for 3Q25 was $185,000, a 137% increase compared to a negative EBITDA of $498,000 in 3Q24 [7][13] Operating Highlights - Processed tonnage decreased by 16% year-over-year, from 129,128 MT in 2024 to 108,604 MT in 2025 [12] - Average AgEq head grades declined by 4% in 3Q25 compared to 3Q24, and by 9% for the nine-month period [12] - The company announced a new Preliminary Economic Assessment (PEA) indicating strong potential for the Nueva Recuperada Property, with an after-tax NPV of $440 million and average annual production of 6.2 million AgEq ounces [12] - A 40,000-meter diamond drill campaign was launched to expand and upgrade resources at the Nueva Recuperada district [12] Cost Management - AISC for the nine months ended September 30, 2025, was $30.7 per AgEq ounce, representing a 33% increase compared to $23.0 in the same period in 2024 [20] - AISC per tonne processed increased by 16% year-over-year, rising from $149.8 in 2024 to $174.1 in 2025 [21] - The capital expenditure for the development of the Tangana Mining Unit was a significant contributor to AISC, enabling access to new production fronts [22]

Positive cash flows from operations of over $3M for the first three quarters 2025. VANCOUVER, BC / ACCESS Newswire / November 28, 2025 / Guanajuato Silver Company Ltd. ...

Core Viewpoint - Q3 2025 was a transformative quarter for Santacruz Silver Mining Ltd., marked by the payoff of the final installment to Glencore for Bolivian assets, significantly strengthening the balance sheet and resulting in a working capital of $69.20 million. The company reported year-over-year gains in profitability and cash generation, driven by favorable silver prices and operational stability despite challenges at the Bolívar mine [4][6]. Financial Highlights - Revenues reached $79.99 million, a 2% increase year-over-year [6]. - Gross profit was $20.17 million, reflecting a 28% increase year-over-year [6]. - Net income stood at $16.34 million, a 7% decrease year-over-year [6]. - Adjusted EBITDA was $19.51 million, a 67% increase year-over-year [6]. - Cash and marketable securities totaled $59.23 million, a 225% increase year-over-year [6]. - Working capital increased by 186% to $69.20 million year-over-year [6]. Production and Operational Performance - Silver equivalent ounces produced were 3,424,817, a 30% increase year-over-year [6]. - Material processed was 486,585 tonnes, a 1% increase from Q2 2025 but a 1% decrease from Q3 2024 [5]. - The Bolívar mine faced challenges due to a water inflow event, impacting production, but remediation efforts are underway with recovery expected to resume in February 2026 [4][14]. Cost Analysis - All-in sustaining cost (AISC) per silver equivalent ounce sold was $35.62, a 30% increase year-over-year [6][22]. - Cash cost per silver equivalent ounce sold was $28.62, a 28% increase year-over-year [6][22]. - The appreciation of the Bolivian boliviano contributed to increased costs across Bolivian operations, reflecting positive market sentiment towards the new government [19][22]. Year-to-Date Summary - For the nine months ended September 30, 2025, the company processed 1,439,221 tonnes of ore, producing 10,660,000 silver equivalent ounces, including 4,255,073 ounces of silver [13]. - The operational performance across other mines, such as Caballo Blanco and Zimapán, remained stable, helping to offset the impact from Bolívar [15][17].

Core Insights - Dolly Varden Silver has successfully listed on the NYSE American, enhancing access to a larger pool of investors and increasing shareholder value [2][3] - The company has achieved significant milestones, including raising $62 million, drilling 55,000 meters, and expanding its land package to over 100,000 hectares [2][6] - The share price appreciated by 62% in the six months following the US listing, although it has recently pulled back from $7 to $5.50 [3] Company Developments - The company has acquired three properties: Mountain Boy, Kinskuch, and Porter, which contribute to its extensive land holdings [2] - Dolly Varden Silver's market capitalization has grown from $20 million to approximately $600 million over five years, driven by aggressive drilling and strategic acquisitions [6] - Institutional ownership exceeds 50%, with corporate ownership at over 25%, indicating a concentrated share structure that may enhance performance [7] Market Context - The NYSE listing has provided direct access to US investors, significantly increasing marketing ROI and liquidity, with US trading volume being approximately 3.5 times higher than in Canada [5] - The current environment shows a doubling in silver prices, benefiting companies with a small public float like Dolly Varden Silver [7] - Canada ranks as the 3rd most appealing region for mining investment, highlighting the favorable conditions for the industry [10] Industry Impact - The mining sector in Canada contributes C$161 billion to GDP and accounts for 21% of total exports, emphasizing its importance to the economy [11] - The industry generates 700,000 direct and indirect jobs and is a significant employer of Indigenous people, fostering partnerships with Indigenous enterprises [11]

Core Insights - Minaurum Gold Inc. has successfully completed its Phase I 10,000-meter infill drill program and is now launching a Phase II resource expansion drill program of approximately 25,000 meters at the Alamos Silver Project in Sonora, Mexico [1][2] Group 1: Phase I and II Drilling Programs - The completion of Phase I has set the stage for the upcoming resource estimate, with the company confident that the initial estimate will only reflect a fraction of the project's full potential [2][3] - Phase II drilling will focus on expanding existing targets and exploring additional zones, with a significant resource update expected in 2026 [2][4] - A total of 26 vein zones have been identified within an 11 km x 6 km area, with 13 of the 19 drilled vein zones returning high-grade silver intercepts [2][4] Group 2: Specific Vein Zones and Grades - The Europa vein zone has a cumulative strike length of 2.8 km, with an average vein thickness of 3.00 m and a grade of 454 g/t AgEq [7] - The Travesia, Promontorio Sur, and Quintera vein zones have a cumulative strike length of 3.2 km, with an average vein thickness of 5.40 m and a grade of 338 g/t AgEq [9] - The Minas Nuevas, San Jose, Pulpito, and Cotera vein zones total 5 km in strike length, all open along strike and at depth, with targeted drilling focusing on previously reported grades [12][13] Group 3: Marketing Agreements - The company has entered into marketing agreements with Capital Analytica and the National Inflation Association to enhance its marketing and communications efforts [20][23] - The agreement with Capital includes a payment of $120,000 for a twelve-month term, while the agreement with NIA involves a total payment of $100,000 over a similar period [21][23] Group 4: Company Overview - Minaurum Gold Inc. is focused on the high-grade, 100% owned Alamos silver project in southern Sonora, Mexico, and aims to create shareholder value through the development of Tier-One precious and base metal projects [26]