Core Viewpoint - Tier One Silver Inc. has initiated preparations for drilling at the Cambaya target area of its Curibaya project in Peru, with the Phase 2 drilling program expected to commence in Q1 2026, targeting high-grade silver-gold-copper mineralization [1][11]. Phase 2 Drilling Plans - The Phase 2 drilling program will consist of approximately 1,150 meters of diamond drilling, involving seven drill holes from four platforms, with an average depth of 150 to 250 meters per hole [5][6]. - The drilling will focus on the Cambaya 1 corridor, which has not been previously drilled, and aims to test the vertical continuity of mineralization beneath high-grade channel samples [7][8]. Phase 1 Drilling Highlights - The inaugural Phase 1 drilling program in 2021 yielded significant results, including high-grade intercepts such as 1 meter of 1,431 g/t silver and 0.39 g/t gold, and 1.5 meters of 1,129 g/t silver and 1.04 g/t gold [5][11]. - Notable channel sampling results from Phase 1 include: - 4.5 meters of 408 g/t silver and 1.48 g/t gold [5] - 20 meters of 243 g/t silver and 0.71 g/t gold [5] - 11 meters of 232 g/t silver and 1.61 g/t gold [5] - 8 meters of 349 g/t silver and 0.46 g/t gold [5] Geological Context - The Cambaya area is situated at a higher elevation (approximately 2,200 m - 2,400 m) compared to previous drill sites, which may indicate better preservation of epithermal mineralization [20][22]. - The program will also investigate high resistivity geophysical features that correlate with quartz-silica structures, believed to be indicative of concentrated silver-gold-rich fluids [8][9]. Future Prospects - The current drill permit allows for up to 200 drill holes from 22 drill pads, with potential for expansion based on initial drill results and additional financing [10]. - The company is optimistic about the upcoming drilling phase, supported by favorable market conditions for silver and gold [11].

Core Viewpoint - Endeavour Silver Corp. reported strong growth in 2025, achieving record silver equivalent production and successfully ramping up operations at the Terronera mine [2][4]. Production Overview - Full year 2025 production included 6,486,661 silver ounces and 37,164 gold ounces, resulting in a silver equivalent production of 11.2 million ounces [1][13]. - Fourth quarter 2025 production was 2,030,206 silver ounces and 13,785 gold ounces, with silver equivalent production of 3.8 million ounces [1][12]. Q4 2025 Mine Operations - Consolidated silver production in Q4 2025 was 2,030,206 ounces, a 146% increase compared to Q4 2024, attributed to the addition of Kolpa and Terronera production [4][12]. - Consolidated gold production was 13,785 ounces, a 52% increase from Q4 2024, driven by higher output from Terronera and increased production at Guanaceví [5][12]. Terronera Mine Performance - Terronera achieved commercial production on October 1, 2025, with a throughput of 154,180 tonnes, producing 352,002 ounces of silver and 8,148 ounces of gold [6][7]. - The average grades for silver and gold during Q4 2025 were 86 g/t and 2.27 g/t, respectively, with a focus on lower-grade areas to align with production ramp-up plans [6][8]. Guanaceví and Kolpa Performance - Guanaceví's throughput was 78% higher than Q4 2024, resulting in a 22% increase in silver production despite lower grades [9][12]. - Kolpa's throughput was 198,830 tonnes, producing 631,867 ounces of silver, with average grades of 108 g/t [10][18]. Bolañitos Mine Sale - A definitive agreement was reached to sell the Bolañitos mine for $30 million in cash and $10 million in shares, with potential contingent payments based on production milestones [7][11]. Financial Highlights - The company completed a $350 million convertible notes offering, which will be used to advance the Pitarrilla project and for general corporate purposes [7][12].

Core Viewpoint - Endeavour Silver Corp. reported strong growth in 2025, achieving record silver equivalent production and successfully ramping up operations at the Terronera mine [2][4]. Production Overview - Full year 2025 production included 6,486,661 silver ounces and 37,164 gold ounces, resulting in a silver equivalent production of 11.2 million ounces [1][13]. - Fourth quarter 2025 production was 2,030,206 silver ounces and 13,785 gold ounces, with silver equivalent production of 3.8 million ounces [1][12]. Q4 2025 Mine Operations - Consolidated silver production in Q4 2025 was 2,030,206 ounces, 146% higher than Q4 2024, attributed to the addition of Kolpa and Terronera production [4][12]. - Consolidated gold production was 13,785 ounces, a 52% increase from Q4 2024, driven by the addition of Terronera and higher production at Guanaceví [5][12]. Terronera Mine Performance - Terronera achieved commercial production on October 1, 2025, with a throughput of 154,180 tonnes, producing 352,002 ounces of silver and 8,148 ounces of gold [6][7]. - Average grades during Q4 2025 were 86 grams per tonne for silver and 2.27 grams per tonne for gold, with plans to shift to higher-grade areas by H2 2026 [6][8]. Guanaceví and Kolpa Operations - Guanaceví's throughput was 78% higher than Q4 2024, with silver production 22% higher despite lower grades [9][12]. - Kolpa's throughput was 198,830 tonnes, producing 631,867 ounces of silver, with average grades of 108 g/t for silver [10][19]. Bolañitos Mine Sale - A definitive agreement was reached to sell the Bolañitos mine for $30 million in cash and $10 million in shares, with potential contingent payments based on production milestones [7][11]. Financial Highlights - The company completed a $350 million convertible notes offering, which will be used to advance the Pitarrilla project and for general corporate purposes [7][12].

Core Viewpoint - Silver Bullet Mines Corp. has discovered a new potential high-grade silver/gold zone during the development of its KT Mine in Arizona, which may be an offshoot of the main KT vein or a new parallel vein [1][2]. Group 1: Discovery and Sampling - Initial sampling from the new zone yielded significant high-grade silver, with assays ranging from seven to twenty-seven ounces per ton [2]. - The newly discovered zone shows a different mineralization pattern compared to the main KT vein, indicating high-grade silver with gold rather than high-grade gold with silver [2]. Group 2: Geological Evaluation and Excavation - The geological team is developing a plan to advance the new discovery, with ongoing excavation to expose further mineralization along the vein [4]. - A vein over 200 feet in length has been identified, with a surface width of approximately 8 feet, though its relation to the main KT vein remains uncertain [4]. Group 3: Processing and Business Model - The company has removed a 200-ton bulk sample from the new zone for processing at its nearby mill, with results expected shortly [5]. - SBMI operates on a hub and spoke model, allowing for quick evaluation and advancement of new opportunities as they arise, positioning the company well to meet the growing demand for silver and gold [6]. Group 4: Ongoing Operations and Future Plans - Processing of material from the KT main zone continues, with multiple shipments of concentrate already completed and mining expected to commence soon [8]. - The company anticipates an increase in the head grade of the underground material as operations progress [8]. Group 5: Financial Developments - Recent exercises of warrants have provided the company with additional working capital, totaling 4,684,167 warrants at a strike price of $0.16 and 1,923,334 warrants at $0.17 during Q1 and Q2 of fiscal 2026 [11][12].

Core Viewpoint - ExGen Resources Inc. has entered into a binding letter of intent to acquire a second silver stream on a past-producing gold mine in South America, which will double its aggregate silver stream on the property [1][3]. Acquisition Details - The company paid US$500,000 for a 33.3% silver stream on the first 333,333 ounces of silver produced and an additional 16.7% on any further silver produced from the property [2]. - The binding LOI stipulates that PrivateCo must deliver a minimum of 4,200 ounces of silver to ExGen each calendar quarter starting from the second quarter of 2027 [6]. Strategic Positioning - The CEO of ExGen stated that securing two silver streams positions the company to capitalize on silver price momentum and build a foundation for future cash flow [3]. - ExGen aims to maintain preferential rights to participate in any future streaming or royalty transactions by PrivateCo on the property [6]. Company Overview - ExGen is a project accelerator focused on funding exploration and development through joint ventures and partnerships, which reduces technical and financial risks while maintaining upside exposure [5]. - The company currently has nine projects in Canada and the US, four NSR royalties in British Columbia, and two silver streams in South America [5].

Core Viewpoint - Capitan Silver Corp. has entered into a subscription agreement with Schroder Investment Management Limited for a private placement of 2,955,665 common shares at C$2.03 per share, raising approximately C$6 million, contributing to a total equity raise of about $29 million through recent financing efforts [1][2]. Company Overview - Capitan Silver is focused on developing a high-grade silver system at its Cruz de Plata project in Mexico's primary silver belt, led by an experienced management team that has successfully advanced multiple projects to production [4]. - The company maintains a tight share structure, with the top three shareholders owning over 37% of its share capital, and is fully funded for ongoing drilling activities at the Cruz de Plata project [4]. Investment Details - The private placement with Schroders is expected to close in the first week of January 2026, subject to necessary approvals, and the proceeds will be used for exploration activities and general corporate purposes [2]. - The recent "bought deal" offering raised $23 million, introducing new institutional investors to the company, which is seen as a positive step for broadening its institutional shareholder base [2]. Schroders Overview - Schroders is a leading global investment manager with £776.6 billion in assets under management as of June 30, 2025, and has a strong history of investing in the precious metals sector [5]. - The firm operates across various asset classes and client types, providing active management and investment solutions through its diversified business model [6][7].

Core Insights - Kuya Silver Corporation has reported significant exploration results from the Umm-Hadid Project in Saudi Arabia, confirming high-grade silver-gold mineralization across multiple target areas [1][3][4] Exploration Results - The exploration program included 5,001.58 meters of diamond drilling across 29 holes, confirming high-grade mineralization in three major target areas [5][4] - Notable drill intercepts include: - Hole 25-UH-010: 2.0 m grading 1,483.9 g/t AgEq (3.8 g/t Au and 1,227 g/t Ag) [5] - Hole 25-UH-018: 2.0 m grading 718 g/t AgEq (3.0 g/t Au and 514.5 g/t Ag) [5] - Surface grab samples yielded an average of 86.10 g/t AgEq, with the highest sample at 1,359.82 g/t AgEq (1.60 g/t Au and 1,250 g/t Ag) [5][3] Exploration Strategy - The exploration utilized modern techniques such as hyperspectral remote sensing and AI-driven targeting to identify high-grade mineralization [3][8] - The license area spans 240 km², with surface mapping and sampling conducted to prioritize drilling targets [4][8] Target Areas - **Target 01**: 4.5 by 2.5 km area with multiple veins, tested with 902.24 m of drilling, yielding significant mineralization [11] - **Target 02**: 4 by 1 km area, tested with 899.42 m of drilling, with Hole 25-UH-018 returning significant results [13] - **Target 03**: 1.3 by 1 km area, tested with 514 m of drilling, with ongoing exploration on a high-grade vein [15] Quality Assurance - The company implemented a robust QA/QC program, ensuring the reliability of assay data through the use of certified reference materials and duplicate samples [19][18]

Core Points - Alaska Silver Corp. has issued 68,334 restricted share units (RSUs) to non-executive directors, which will vest in one year [1] - The company has amended a promissory note with its subsidiary, reducing the interest rate from 5.0% to 3.5% and lowering monthly payments from $25,000 to $10,000, with the maturity date extended to July 1, 2027 [2] Company Overview - Alaska Silver is a pioneer in a major high-grade silver and critical minerals district at the Illinois Creek Project in western Alaska, with significant mineralization including 75 million ounces of silver at 980 g/t AgEq [3] - The Illinois Creek mine has indicated resources of 525,000 ounces of AuEq and inferred resources of 152,000 ounces of AuEq, showcasing substantial exploration potential across an 8-km length [3] - The project covers a 100% owned land package of 80,895 acres (approximately 126.36 square miles or 32,337 hectares) [3]

Core Viewpoint - High-rolling investors are showing bullish sentiment towards Pan American Silver (NYSE: PAAS), indicating potential insider knowledge or significant market movements [1]. Options Activity - A total of 12 options trades were identified for Pan American Silver, with 50% of traders bullish and 33% bearish. The trades included one put option worth $58,406 and 11 call options totaling $387,380 [2]. - The price target for Pan American Silver, based on options volume and open interest, ranges from $33.0 to $60.0 over the last three months [3]. - An analysis of the last 30 days shows significant options activity, with various strike prices being targeted by traders [4][5]. Noteworthy Options Activity - Recent options trades include: - A put option with a strike price of $60.00, total trade price of $58,406, and open interest of 153 [8]. - A bullish call option with a strike price of $49.00, total trade price of $48,000, and open interest of 113 [8]. - Another bullish call option with a strike price of $45.00, total trade price of $43,500, and open interest of 1,100 [8]. - A bearish call option with a strike price of $35.00, total trade price of $41,800, and open interest of 3,800 [8]. Company Overview - Pan American Silver Corp is primarily engaged in the operation, development, and exploration of silver and gold-producing properties. The company also produces zinc, lead, and copper, with several operating mines including La Colorada, Dolores, and Huaron [9]. Market Status - An industry analyst has set an average target price of $51.0 for Pan American Silver, maintaining a Buy rating [11][12]. - The current trading volume for PAAS is 1,637,035, with the stock price at $50.05, indicating no change [14].

Core Viewpoint - Vizsla Silver Corp. has entered into an agreement to acquire ten mining claims from Fresnillo, enhancing its exploration potential in the Panuco – San Dimas corridor, which is known for its silver and gold resources [1][2]. Acquisition Details - The acquisition involves ten claims covering 2,378 hectares, with seven strategic claims adjacent to the Panuco project, totaling 1,734 hectares [1][3]. - The company will pay US$2,000,000 and issue 854,697 common shares as part of the acquisition agreement [7][8]. Strategic Importance - The strategic claims are located along a trend of known mineralized structures and are expected to provide high-priority exploration targets, potentially increasing the overall resource base and improving mine economics [2][4]. - The claims are situated in a region with estimated historic production of 1.2 billion ounces of silver and 15 million ounces of gold [3]. Geological Context - The main lithologies in the strategic claims include favorable andesite lavas and tuffs, with potential vein systems extending into the claims from the Panuco project [4]. - Ongoing LiDAR surveys and regional mapping are planned to identify areas of known mineralization within the strategic claims [5]. Company Overview - Vizsla Silver is focused on advancing its flagship Panuco silver-gold project in Sinaloa, Mexico, which recently completed a feasibility study indicating significant production potential and strong economic metrics [10].