Company Overview - NOVAGOLD RESOURCES INC. has appointed Ali Erfan to its Board of Directors, filling the vacancy left by Diane Garrett's departure [1][2] - Ali Erfan is a long-standing Vice-Chairman of The Electrum Group, which is NOVAGOLD's largest shareholder and a leader in precious metals mining [2] - The company is focused on the development of the Donlin Gold project in Alaska, which is recognized as one of the largest and highest-grade open-pit gold deposits globally [4] Board Member Background - Mr. Erfan has extensive experience in capital markets and has been with Electrum since 2007, contributing to significant investments in the mining sector [2] - He was a founding board member of Leor Energy, which was sold to Encana for $2.6 billion in 2007 [2] - His previous roles include being a senior partner at 3i Group plc and involvement in several early-stage technology companies that achieved successful IPOs and M&A exits [3] Donlin Gold Project Details - The Donlin Gold project has approximately 39 million ounces of gold in the Measured and Indicated Mineral Resource categories, with Proven and Probable Mineral Reserves of 541 million tonnes at an average grade of approximately 2.24 grams per tonne [4][7] - Once in production, the project is expected to produce over one million ounces of gold annually over a mine life of 27 years [4] - The project possesses Proven Reserves of approximately 8 million tonnes grading 2.32 grams per tonne and Probable Reserves of approximately 497 million tonnes grading 2.08 grams per tonne [8]

Core Viewpoint - Skeena Resources Limited has filed an early warning report regarding its shareholdings in TDG Gold Corp following a significant acquisition of shares as part of a broader financing and acquisition strategy [1][2][3]. Group 1: Share Acquisition Details - On July 14, 2025, Skeena acquired 6,666,667 shares of TDG for a total of C$4,000,000, equating to C$0.60 per share [2]. - The acquisition was part of a larger "bought deal" financing where TDG issued a total of 38,310,000 shares, including non-flow-through and charity flow-through shares [3]. - Following the acquisition, Skeena's ownership increased from 23,000,000 shares (approximately 12.78% of TDG) to 29,666,667 shares (approximately 10.88% of TDG) [5]. Group 2: Acquisition Context - Concurrently with the share purchase, TDG completed the acquisition of Anyox Copper Ltd, exchanging 54,559,565 shares for all outstanding common shares of Anyox [4]. - The transactions, including the share purchase and the acquisition of Anyox, are part of Skeena's investment strategy in TDG [6]. Group 3: Company Background - Skeena Resources is focused on advancing the Eskay Creek Gold-Silver Project, which is expected to be one of the highest-grade and lowest-cost open-pit precious metals mines globally [8]. - The company emphasizes sustainable mining practices and aims to foster positive relationships with Indigenous communities while delivering long-term value [8].

Core Viewpoint - Sierra Madre Gold and Silver Ltd. is increasing its private placement offering to issue up to 27,858,000 units at a price of $0.70 per unit, aiming for gross proceeds of up to $19,500,600 [1][2]. Group 1: Offering Details - The offering will consist of units, each comprising one common share and half a common share purchase warrant, with warrants allowing the purchase of additional shares at $0.85 for 12 months [3]. - The offering is available to Canadian residents, excluding Quebec, under the Listed Issuer Financing Exemption, with no hold period for Canadian subscribers [4]. - The expected closing date for the offering is around July 24, 2025, pending necessary regulatory approvals [7]. Group 2: Company Background - Sierra Madre Gold and Silver Ltd. focuses on precious metals development and exploration, particularly at the Guitarra mine in Mexico, which has resumed commercial production as of January 2025 [8]. - The Tepic Project, covering over 2,600 hectares, contains low-sulphidation epithermal gold and silver mineralization with an existing historic resource [9]. - The management team has extensive experience in raising capital for mining companies, having collectively raised over $1 billion [9].

Core Viewpoint - Excellon Resources Inc. has mobilized a mining contractor and commenced underground rehabilitation at the Mallay Silver Mine in Peru, marking a significant step towards restarting silver production [1][3]. Group 1: Operational Updates - The mobilization of an experienced underground mining contractor is aimed at initiating rehabilitation, development, and preparation works at the Mallay Mine [5]. - Initial rehabilitation efforts are focused on cleaning and reinforcing the main haulage levels of the mine, including scaling, improving ground support and ventilation, and reopening key drifts and ramps for equipment access [5]. - Rehabilitation activities are expected to be completed within four months, aligning with Excellon's broader restart plan [5]. Group 2: Future Plans and Milestones - Over the next six months, the company will execute a detailed restart plan and demonstrate the property-wide mineral potential beyond existing historical resources [4]. - Key near-term milestones include the completion of a NI 43-101 Mineral Resource Estimate by late August 2025 and the completion of mine rehabilitation by November 2025 [6]. - The company aims to achieve ramp-up to a nameplate capacity of 600 tons per day (tpd) production by the second quarter of 2026 [5]. Group 3: Exploration and Development - Following the completion of mine rehabilitation, the company plans to advance internal mine planning and evaluate operating scenarios to support strategic decision-making [11]. - In-mine exploration drilling will target extensions of known high-grade veins and new mineralized zones, commencing upon completion of mine rehabilitation [11]. - Concurrently, exploration on high-priority targets in the immediate Mallay Mine area is underway, including the Pierina vein system [11].

Core Viewpoint - Blackrock Silver Corp. has initiated a fully-funded expansion drill program at its Tonopah West project, targeting a 1.2 km eastern extension of the high-grade Merten vein, which presents an opportunity to significantly increase the mineral resource inventory [2][4][5]. Group 1: Expansion Program Details - The expansion drill program will consist of 15 drill holes, utilizing one Reverse Circulation (RC) drill and two core drill rigs, totaling 5,000 meters of drilling [3][5]. - Drilling is expected to be completed by October 2025, with assay results anticipated by the end of the year [3][4]. - The program aims to explore the eastern extension zone between the DPB resource area and the eastern boundary of the project [3][5]. Group 2: Assay Results and Mineralization - Scout drilling has confirmed the eastern extension of the Merten vein, yielding high assay grades, including 2,063 grams per tonne (g/t) silver equivalent (AgEq) and 952 g/t AgEq over significant intervals [4][6][7]. - The newly defined mineralized zone is not included in the 2024 resource estimate and could substantially impact future resource estimates [8][5]. - The Merten vein's geometry suggests it may be an extension of the historic Ohio vein, which was previously mined [6][7]. Group 3: Future Resource Updates - Results from the current drilling program are expected to support a resource update in Q1 2026, while a separate resource update incorporating recent results is scheduled for Q3 2025 [4][5]. - The company is focused on enhancing shareholder value through the development of its mineral resources in Nevada [16].

Group 1 - Fresnillo plc is a Mexican precious metals miner listed on the London Stock Exchange and is part of the FTSE 100 index [1] - The company operates several mines, including the Fresnillo mine located in Zacatecas [1]

Core Insights - Three stocks with strong momentum and buy rankings are highlighted for investors: Fortuna Silver Mines Inc., Silvercorp Metals Inc., and Vizsla Silver Corp. [1][2][3] Company Summaries - **Fortuna Silver Mines Inc. (FSM)**: - Zacks Rank 1 - Current year earnings estimate increased by 11.4% over the last 60 days - Shares gained 51.1% in the last six months, outperforming the S&P 500's 4.5% increase - Momentum Score: A [1] - **Silvercorp Metals Inc. (SVM)**: - Zacks Rank 1 - Current year earnings estimate increased by 36.7% over the last 60 days - Shares gained 50% in the last six months, also outperforming the S&P 500's 4.5% increase - Momentum Score: A [2] - **Vizsla Silver Corp. (VZLA)**: - Zacks Rank 1 - Current year earnings estimate increased by 50% over the last 60 days - Shares gained 71.4% in the last six months, significantly outperforming the S&P 500's 4.5% increase - Momentum Score: B [3]

Core Viewpoint - Capitan Silver Corp. successfully raised C$6.6 million through the accelerated exercise of 13,250,000 share purchase warrants at an exercise price of C$0.50, fully funding the company for 2025 [1][5]. Financing Details - The warrants were part of a financing completed in February 2025, which raised C$5.3 million at a 31% premium to market [1]. - The exercise of the warrants was triggered by a signed Letter of Intent for a strategic land acquisition and a closing share price of C$0.93 on June 12, 2025 [2]. Shareholder Composition - The Jupiter Silver & Gold Fund, Michael Gentile, CFA, and Construplan accounted for over 78% of the February 2025 financing [3][6]. - Post-exercise, the largest shareholders' ownership is as follows: Jupiter Silver & Gold Fund - 15.35%, Michael Gentile, CFA - 12.89%, and Construplan - 9.92% [6]. Company Overview - Capitan Silver Corp. is a Canadian exploration company focused on advancing the Cruz de Plata silver-gold project located in Durango, Mexico [3]. - The management team has a successful track record in developing precious-metal operations in Mexico over the past 16 years [3].

Core Points - Halcones Precious Metals Corp. held its annual and special meeting of shareholders on July 17, 2025, where all nominees listed in the management proxy circular dated June 5, 2025, were elected as directors with over 96% approval [1] - Shareholders also approved the appointment of the Company's auditors and the stock option plan during the meeting [1][2] Company Overview - Halcones Precious Metals Corp. is focused on exploring and developing gold-silver projects in the Maricunga Belt, Chile, recognized as a premier gold mining district in South America [3] - The Company boasts a team with a strong background in exploration success within the region [3]

Core Viewpoint - Andean Precious Metals Corp. reported its second quarter operational results for 2025, indicating a strong production performance and confidence in meeting full-year production guidance [1][2]. Operational Performance - The company produced 24,341 gold equivalent ounces in Q2 2025, totaling 45,702 ounces for the first half of the year, with production expected to improve in the second half [2][3]. - The consolidated production results for Q2 2025 compared to Q2 2024 show a decrease in gold ounces produced from 15,309 to 11,945 ounces, while silver production slightly decreased from 1,208 k-oz to 1,116 k-oz [5]. - The production guidance for 2025 is set at 41,160 to 46,880 gold equivalent ounces, with a weighted production profile of approximately 40% in the first half and 60% in the second half [3][4]. Production Breakdown - Golden Queen mine produced 11,224 gold ounces and 89 k-oz of silver in Q2 2025, down from 15,035 gold ounces and 157 k-oz of silver in Q2 2024 [6]. - San Bartolome mine showed an increase in gold production from 274 ounces in Q2 2024 to 721 ounces in Q2 2025, with silver production remaining relatively stable [7]. Future Outlook - The company anticipates further ramp-up in production at both operations in the second half of 2025, aligning with its mine plans [2]. - A conference call to discuss the second quarter financial results is scheduled for August 13, 2025 [1][8]. Company Overview - Andean Precious Metals is focused on expanding its operations in top-tier jurisdictions in the Americas, owning the San Bartolomé processing facility in Bolivia and the Golden Queen mine in California [9]. - The company is well-funded to pursue future growth opportunities and is committed to safe and sustainable operations [9].