Silver touched a fresh record high and is on pace for its second weekly gain as strong inflows to exchange-traded funds added more impetus to a scorching rally. The white metal rose as much as 3.9% on Friday to a new record of $59.33 an ounce. Total additions to silver-backed ETFs in the four days through Thursday are already the highest for any full week since July, a strong signal of investor appetite despite signs silver’s gains may be overdone. Most Read from Bloomberg “These flows can quickly ampl ...

Wheaton Precious Metals stock chart showing 86% surge in 2025 amid gold rallySOPA Images/LightRocket via Getty ImagesWheaton Precious Metals stock (NYSE: WPM) has experienced an incredible 86% rise year-to-date in 2025—an increase fueled by an unusual combination of soaring metal prices and record production that surprised the market. This momentum was not unexpected. Wheaton began 2025 with 633,481 gold-equivalent ounces produced in the previous year—a number that exceeded its own guidance and set the grou ...

Core Points - Pan American Silver Corp. has acquired 18,750,000 units of securities from Galleon Gold Corp. at a price of C$0.60 per unit [1] - The acquisition is part of a larger brokered private placement by Galleon, which totals 50,000,000 units [1] - Each unit consists of one common share [1]

Summary of Global Precious Metals Conference Call Industry Overview - The focus is on the Precious Metals industry, specifically Platinum Group Metals (PGMs) and Gold - The analysis suggests a preference for PGMs over Gold for the year 2026 due to favorable risk/reward dynamics Key Insights 1. **Price Stability and Risk/Reward** - Gold prices have stabilized around $4000 per ounce, indicating a balanced risk/reward scenario - PGMs, particularly platinum and palladium, are seen as having skewed upside potential due to their lagging performance compared to gold over the past three years [1][2][3] 2. **Market Pricing Dynamics** - Gold stocks are currently pricing in approximately $3,200 per ounce, which is over a 25% discount to spot prices - PGM stocks are pricing in around $1,220 per ounce, reflecting a discount of over 20% to spot prices - Historically, precious metal stock prices have shown a strong correlation with underlying commodity performance, with gold stocks having an R² of over 82% to gold prices in the last five years [3][4] 3. **Investment Recommendations** - Impala is highlighted as the top PGM pick, while Goldfields is noted for its better jurisdictional risk characteristics - Fresnillo benefits from its FTSE listing and is expected to generate solid cash flow [4][5] 4. **Investor Sentiment** - Investor positioning is more cautious towards PGMs compared to gold, with PGM stocks like Sibanye and Impala being viewed as marginally 'consensus shorts' - In contrast, gold stocks such as AngloGold and Fresnillo are seen as 'consensus long' [5] Additional Important Points 1. **Substitution Potential** - There is potential for marginal substitution of gold with platinum in industrial demand, which could further support platinum and palladium prices [2] 2. **Valuation Metrics** - PGM stocks are considered cheaper on a free cash flow basis, and the cautious investor positioning may present a buying opportunity if spot prices hold [4][5] 3. **Future Catalysts** - The ramp-up of the Salares Norte mine is expected to drive volume growth for Goldfields in 2026 - The restart of the Two River Merensky project is seen as a potential catalyst for Impala [20][22] 4. **Cash Flow Expectations** - Strong cash flow generation is anticipated for Fresnillo and Goldfields, with expectations for special dividends and buybacks as net debt positions improve [19][20] 5. **Sector Stance for 2026** - The overall stance for the precious metals sector in 2026 is positive, with expectations of continued strong cash generation and favorable market conditions for both gold and PGMs [12][14] This summary encapsulates the key points discussed in the conference call regarding the precious metals industry, focusing on market dynamics, investment recommendations, and future outlooks.

Royal Gold (NasdaqGS:RGLD) Conference December 04, 2025 12:00 PM ET Company ParticipantsAlistair Baker - SVP of Investor Relations and Business DevelopmentOperatorHello and good afternoon, everyone. Welcome to today's virtual Non-Deal Roadshow. My name is Noella Alexander-Young, Virtual Event Moderator here at Renmark Financial Communications. On behalf of our team, we'd like to thank everyone in Atlanta and surrounding areas for joining us today for the presentation of Royal Gold trading on the NASDAQ unde ...

Hecla Mining Company (NYSE:HL) is one of the stocks Jim Cramer was recently asked about. During the lightning round, a caller asked if they should “try Hecla for silver”, and Cramer replied, “Come on, let’s stick with the shiny metal. Agnico Eagle was down a couple bucks today, I say [buy, buy, buy].” Copyright: alexis84 / 123RF Stock Photo Hecla Mining Company (NYSE:HL) produces and supplies precious and base metals, including silver, gold, lead, and zinc. During the July 28 episode, a caller inquired ...

LAS VEGAS, Dec. 03, 2025 (GLOBE NEWSWIRE) -- Asia Broadband Inc. (OTC: AABB) (“AABB” or the “Company”) is pleased to announce that the Company has developed a silver-backed token AABBS and is preparing the launch and minting processes of the new cryptocurrency. Planning is underway to mint AABBS in close proximity to the upcoming release of the next generation AABB Wallet. The Company’s continued increases in quarterly silver production, along with numerous silver market price growth fundamentals, led to ma ...

Core Viewpoint - Fortuna Mining Corp. has initiated a Processing Plant Expansion Options Study for the Séguéla mine in Côte d'Ivoire, aiming to enhance production capacity and capitalize on exploration successes [1][3][4]. Group 1: Expansion Study Details - Lycopodium Minerals Canada Ltd. has been selected to conduct the expansion study, reflecting Fortuna's confidence in their expertise and understanding of the Séguéla project [1][3][5]. - The study will assess options to increase the processing plant's throughput from the current capacity of 1.75 million tonnes per annum (Mtpa) to between 2.0 and 2.5 Mtpa, targeting over 200,000 ounces of gold production annually [4][5]. - The study is set to commence immediately, with completion expected in the second quarter of 2026 [6]. Group 2: Strategic Objectives - The expansion initiative aligns with Fortuna's strategic goal to maximize value from the Séguéla Mine and accommodate resource growth, including potential underground mineralization from the Sunbird deposit [4][9]. - The company aims to achieve approximately 500,000 ounces of annual gold equivalent production within the next three years, supported by ongoing projects like the Diamba Sud Gold Project in Senegal [3][4]. Group 3: Company Background - Fortuna Mining Corp. is a Canadian precious metals mining company with operations in Argentina, Côte d'Ivoire, Mexico, and Peru, focusing on sustainable practices and stakeholder relationships [8]. - The company recently reported an extension of the reserve life of the Séguéla mine to 7.5 years and is working on converting significant mineral resources into reserves [9].

Core Insights - Fortuna Mining Corp. has selected Lycopodium Minerals Canada Ltd. to conduct a Processing Plant Expansion Options Study for the Séguéla mine, marking a significant step in the company's growth strategy in Côte d'Ivoire [1][3][4] Group 1: Expansion Study Details - The Study aims to evaluate cost-effective solutions to increase the processing plant's throughput from its current capacity of 1.75 million tonnes per annum (Mtpa) to between 2.0 and 2.5 Mtpa, targeting over 200,000 ounces of gold production annually [4][5] - The completion of the Study is scheduled for the second quarter of 2026, with immediate commencement [6] Group 2: Strategic Objectives - The expansion initiative aligns with Fortuna's strategic goal to maximize value from the Séguéla Mine and accommodate resource growth, including potential underground mineralization from the Sunbird deposit [4][9] - The company aims to achieve approximately 500,000 ounces of annual gold equivalent production within the next three years [3][9] Group 3: Company Background - Fortuna Mining Corp. operates three mines and has a portfolio of exploration projects across multiple countries, including Argentina, Côte d'Ivoire, Mexico, and Peru, with a focus on sustainability and long-term value creation [8]

Blackrock Silver Announces Final Assays from Eastern Expansion Drill Program at Tonopah WestThe Eastern Expansion Drill Program Identified Several Mineralized Northwest Structures Hosting Shallow Mineralization Encountered Within a 1.2 Kilometre TrendDecember 02, 2025 6:00 AM EST | Source: Blackrock Silver Corp.EASTERN EXPANSION PROGRAM HIGHLIGHTS:At least three mineralized northwest oriented structures have been identified within the 1.2 kilometre eastern expansion trend running parallel to t ...