Core Insights - The precious metals market has experienced significant gains in 2025, with gold, silver, and platinum prices rising substantially, indicating a strong trend in hard assets [4][22]. Precious Metals Performance - Gold started the year at $2,645 per ounce and has risen to over $3,850, marking a gain of over 47% [4]. - Silver began at $29.60 per ounce and is now over $47, reflecting a gain of about 58% [4]. - Platinum started at $995 per ounce and is currently in the $1,600 range, achieving a gain of 60% [4]. Investment Considerations - The increase in precious metal prices is attributed to the declining value of the dollar, a trend that has been ongoing since the U.S. left the gold standard in 1971 [7][22]. - Investors are advised to hold physical metals rather than selling them, as they represent real money and are not subject to the liabilities associated with financial instruments [10][12]. Mining and Royalty Companies - The rise in precious metal prices has positively impacted mining and royalty companies, leading to significant stock price increases for several key players: - Franco Nevada Corp. (FNV) rose from $125 to $225 [15]. - Royal Gold, Inc. (RGLD) increased from $134 to $198 [15]. - Osisko Royalties (OR) went from $18 to over $39 [15]. - Wheaton Precious Metals (WPM) climbed from $56 to $110 [15]. - Major mining companies also saw substantial gains: - Barrick Mining (B) increased from $14 to $33 [18]. - Newmont Mining (NEM) rose from $38 to $84 [18]. - Agnico Eagle Mines (AEM) moved from $83 to $166 [19]. - Kinross Gold (KGC) increased from $9.50 to over $24 [19]. Market Outlook - The ongoing trend suggests that as long as precious metal prices continue to rise, royalty plays and mining companies will benefit from increased cash flow and profitability [16][24]. - The potential for a global recovery in faith in the dollar could impact precious metal prices, but such a scenario seems unlikely given current government spending trends [17][22].

Nord Precious Metals Completes Deep Ground Penetrating Radar Survey at CastleOrientation survey to identify mining drifts, mineralized broken material in stope openings and potentially vein extensionsSeptember 30, 2025 9:00 AM EDT | Source: Nord Precious Metals Mining Inc.Coquitlam, British Columbia--(Newsfile Corp. - September 30, 2025) - Nord Precious Metals Mining Inc. (TSXV: NTH) (OTCQB: CCWOF) (FSE: 4T9B) ("Nord" or the "Company") has completed an orientation survey using Deep Ground Pene ...

Core Insights - AbraSilver Resource Corp. announced new assay results from its ongoing Phase V exploration program at the Diablillos project in Argentina, indicating significant gold and silver mineralization potential [1][3][11] Drill Results Summary - At Oculto East, notable drill results include: - DDH 25-072: 140 m at 0.57 g/t gold, including 8 m at 2.60 g/t gold [5][8] - DDH 25-066: 1 m at 108.9 g/t gold and 18 m at 0.97 g/t gold [5][8] - DDH 25-069: 24 m at 1.02 g/t gold [5][8] - At the JAC zone, significant silver mineralization was reported: - DDH 25-053: 29 m at 65 g/t silver, including 7 m at 108 g/t silver [5][11] - DDH 25-058: 32 m at 100 g/t silver, including 2 m at 400 g/t silver [5][11] Exploration Potential - The results from Oculto East and JAC highlight the potential for expanding both gold and silver resources beyond the current conceptual open pit boundaries, indicating strong continuity and scale of mineralization [3][11][9] - The ongoing exploration efforts have outlined multiple occurrences of silver-gold oxide mineralization, demonstrating the growth potential of shallow, oxide-hosted resources [17][25] Project Overview - The Diablillos property is located in the Puna region of Argentina, comprising 15 contiguous mineral concessions with excellent year-round access [16][25] - The current Measured and Indicated Mineral Resource estimate for Diablillos includes approximately 73.1 million tonnes grading 79 g/t silver and 0.66 g/t gold, with significant upside potential based on recent drilling [25][18]

Core Insights - Sierra Madre Gold and Silver Ltd. has commenced underground development at the Nazareno silver and gold mine within the La Guitarra complex in Mexico, with over 700 tonnes of mineralized material already delivered to the processing plant [1][2] - The company anticipates that Nazareno will significantly contribute to silver and gold production, with plans to more than double processing capacity from 500 tonnes per day by Q3 2027 [2] - Recent development blasting has revealed multiple silver and gold-bearing veins merging into a zone up to 8 meters wide, indicating potential for increased resource extraction [2][7] Mineral Resource Estimate - The 2023 Mineral Resource Estimate for Nazareno includes: - Indicated: 309,877 tonnes with 257.3 g/t AgEq, 214.9 g/t Ag, and 0.55 g/t Au, totaling 2,564,000 AgEq ounces - Inferred: 753,784 tonnes with 251.5 g/t AgEq, 229.2 g/t Ag, and 0.29 g/t Au, totaling 6,096,000 AgEq ounces [4][6] Production Grades - A reconciliation of the silver-gold material produced from development blasting shows that production silver grades are 40% higher and gold grades are 30% higher than those in the 2023 resource model [3][4] Development Plans - Initial development work at Nazareno will involve blasting to fully expose the mineralized zone and assessing the feasibility of long hole mining [7] - The company has acquired a new Ingertrol Sandy 50 drill rig to enhance drilling capabilities, which will reduce development costs by allowing for shorter drilling from a single drive [10][11] Marketing and Social Media Engagement - Sierra Madre has engaged Capital Analytica for marketing and social media services for an initial six-month term at a fee of $120,000 (U.S.), subject to TSX-V approval [12]

Company Overview - Endeavour Silver Corp. (NYSE:EXK) is a Canadian mining company focused on silver production, which recently experienced significant stock price appreciation, jumping 15.38% week-on-week to reach an all-time high [1][2]. Market Performance - The company's stock touched a 52-week high of $8.21 before closing at $7.80, coinciding with a surge in silver prices, which reached $46, the highest level in 14 years [2][4]. - The increase in silver prices is attributed to investor optimism regarding potential interest rate cuts by the US central bank, which typically benefits precious metals [3]. Production and Financials - In the first half of the year, Endeavour Silver produced 1.48 million ounces of silver and 7,755 ounces of gold, equating to 2.5 million ounces of silver equivalent [3]. - The company generated $85.3 million from the sale of 1.45 million ounces of silver and 7,706 ounces of gold, marking a 46% increase in revenues from operations compared to the same period last year [4].

Core Insights - Sibanye Stillwater Limited (NYSE:SBSW) experienced a significant surge in share prices, increasing by 16.98% week-on-week, reaching a record high due to rising platinum and gold prices [1][2] Group 1: Share Price Performance - On Friday, Sibanye's share price peaked at $11.25, marking a 52-week high, before closing at $11.16, up 4.69% for the day [2] - The increase in share prices was influenced by spot prices of gold and platinum, which rose by 0.28% and 3.37%, respectively [2] Group 2: Commodity Prices - Current spot prices are reported at $3,759.98 for gold and $1,580.56 for platinum per troy ounce [3] - The rise in gold prices is attributed to expectations of interest rate cuts, which typically weaken the US dollar, benefiting precious metals [3] Group 3: Strategic Developments - Sibanye recently completed the acquisition of Metallix Refining for $78 million, aimed at enhancing its US recycling operations [4] - The company anticipates that this acquisition will create significant value through cost and operational synergies [4]

Core Points - Sandstorm Gold Ltd. has announced that Royal Gold Inc. has received all necessary government regulatory approvals for the acquisition of Sandstorm, including approvals under the Investment Canada Act, the Competition Act (Canada), and South African antitrust laws [1] - The completion of the transaction is contingent upon customary closing conditions, including shareholder approvals and the listing of Royal Gold's shares on Nasdaq, with an anticipated closing in early Q4 2025 [2] Company Information - Sandstorm Gold is a precious metals-focused royalty company that provides upfront financing to mining companies and receives a percentage of production from mines for their operational life. The company holds approximately 230 royalties, with 40 of the underlying mines currently in production [7]

Core Viewpoint - The company is focused on leveraging the rising prices of precious metals, particularly gold, to enhance shareholder value through a unique streaming business model that reduces investment risks while maintaining upside potential [2][3]. Company Strategy - The company has been operational for 21 years and has developed a streaming business model that minimizes risks associated with traditional mining investments while allowing for exploration success and commodity price benefits [2]. - The company acts as a financing entity for the mining industry, providing capital to operating mines and purchasing contracts in advance to secure access to byproduct production, primarily gold and silver [4][5]. Production Insights - The majority of the company's production comes from byproducts of copper mines, which often yield small amounts of gold and silver, allowing the company to access profitable production [5][6]. - The company emphasizes investing in assets located in the lower quartiles of cost curves, ensuring that these mines remain profitable even during downturns in commodity prices [7][8]. Market Positioning - The company maintains a quantitative and risk assessment approach to investments, focusing on the technical aspects of the commodities produced by the mines it finances [6][7]. - By concentrating on mines that are in the bottom half of the cost curve, the company positions itself to withstand fluctuations in the overall macroeconomic environment and commodity prices [7][8].

Core Viewpoint - The suspension of the U.S. dollar's convertibility into gold in 1971, known as the "Nixon Shock," marked a significant shift from fiscal discipline to a floating exchange rate system, leading to rampant government spending and increasing national debt [2][4][5]. Historical Context - Prior to 1971, the U.S. dollar was backed by gold, with a fixed exchange rate of $35 per ounce. Post-1971, the dollar became a fiat currency with no intrinsic value, contributing to inflation and national debt [3][5]. - U.S. government debt has surged from approximately $400 billion in 1971 to $37.5 trillion today, representing about 124% of GDP. Global debt has also escalated to $324 trillion, over 235% of world GDP [5]. Monetary Policy and Debt - The detachment from the gold standard allowed governments to increase spending without the need for fiscal restraint, leading to significant budget deficits financed by the Federal Reserve [4][5]. - The current economic environment is characterized by record levels of margin debt, which has risen to $1.06 trillion, up nearly 33% from the previous year, indicating potential market vulnerabilities [10][11]. Gold as an Investment - Gold is viewed as a hedge against excessive debt and monetary mismanagement, with projections suggesting a potential price increase to $7,000 per ounce by the end of President Trump's second term [7][12][16]. - Central banks are actively increasing their gold reserves, with a net purchase of 200 metric tons in the first seven months of the year, reflecting a 4% increase year-over-year [8][13]. Investment Strategy - A recommended investment strategy includes a 10% allocation to gold, split between physical bullion and high-quality gold mining equities, emphasizing the importance of regular rebalancing [15].

Core Viewpoint - Denarius Metals Corp. has been granted the Cruzadillo Investigation Permit, expanding its exploration area near the Lomero Project in Spain, which enhances its potential for discovering additional polymetallic deposits [2][3][6]. Group 1: Permit Details - The Cruzadillo Investigation Permit covers approximately 60 hectares and is located less than 1 km from the Lomero Project, increasing Denarius Metals' total property holdings in the Iberian Pyrite Belt to approximately 665 hectares [2][6]. - The permit is significant as it provides legal coverage over the land between Cruzadillo and existing investigation permits, allowing the company to influence an additional 141 hectares within the Iberian Pyrite Belt [6][7]. Group 2: Exploration Potential - The Cruzadillo area is believed to host geophysical anomalies associated with gossan outcrops, indicating the potential for discovering additional polymetallic deposits [3][4]. - The area is crossed by the potential western extension of the Las Merinas target, which lies along a major shear zone, enhancing the exploratory potential for the Lomero Project [4][6]. Group 3: Historical Context - The Cruzadillo Mine was historically mined starting in 1882, with operations halting in 1892. The mining activities revealed multiple ore lenses and significant mineralization, which may still hold potential for further exploration [5][6]. - Historical exploration efforts in the area continued into the 1960s, leading to the discovery of additional mineralization, indicating a rich geological history that could be leveraged for future mining activities [5][6]. Group 4: Future Plans - The company is currently designing a systematic exploration and drilling campaign for 2026, which will include drilling targets at Cruzadillo to test for the presence of polymetallic bodies that could increase the current mineral resources of the Lomero Project [3][8].