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]

Minaurum Launches 25,000 Meter Phase 2 Resource Expansion Drill Program at Alamos Silver ProjectNovember 27, 2025 10:06 AM EST | Source: Minaurum Gold Inc.Vancouver, British Columbia--(Newsfile Corp. - November 27, 2025) - Minaurum Gold Inc. (TSXV: MGG) (OTCQX: MMRGF) ("Minaurum") is pleased to announce the successful completion of its Phase I -10,000-meter (m) infill maiden resource drill program and the commencement of a Phase II - approximately 25,000 m resource expansion drill program at t ...

Core Viewpoint - IMPACT Silver Corp. reported significant financial improvements in Q3 2025, driven by higher silver prices and operational efficiencies, positioning the company for future growth [1][3]. Financial Performance - Revenue for Q3 2025 reached $10.7 million, a 24% increase from $8.6 million in Q3 2024 [1]. - Year-to-date mine operating income improved to $5.6 million from a loss of $0.8 million in 2024 [1]. - The net loss in Q3 2025 was reduced to $0.6 million compared to a net loss of $3.1 million in Q3 2024 [1]. Production and Operations - The Zacualpan mill processed 35,437 tonnes of mill feed in Q3 2025, up from 32,901 tonnes in Q3 2024 [4]. - Silver production from the Guadalupe complex increased by 5% to 150,394 ounces in Q3 2025, compared to 142,945 ounces in Q3 2024 [5]. - Revenue from the Zacualpan project was $8.7 million in Q3 2025, up from $6.1 million in Q3 2024, with an 8% increase in production year-over-year [7]. Cost and Efficiency - Revenue per tonne sold increased by 40% to $253.33 in Q3 2025 from $180.90 in Q3 2024, while direct costs per tonne rose by 23% to $180.69 [6]. - The company spent $1.3 million on exploration in Q3 2025, totaling $3.2 million year-to-date [7]. Future Outlook - The company is optimistic about capitalizing on record precious metal prices and ongoing investments in exploration as it heads into 2026 [10]. - Management aims to improve grades and production levels while maintaining cost discipline [10].

We recently published 10 Big Names Feasting on Gains Ahead of Thanksgiving. Endeavour Silver Corp. (NYSE:EXK) is one of the best-performing stocks on Wednesday. Endeavour Silver extended its winning streak to a 4th straight day on Wednesday, jumping 10.37 percent to close at $8.62 apiece as investors loaded portfolios in silver miners over renewed optimism for an interest rate cut. The stock rallied alongside its counterparts, mimicking the jump in spot silver prices, which, during the trading session, g ...

Hecla Mining Company (NYSE:HL) is one of the best silver mining stocks to invest in right now. Early in November, BMO Capital’s Kevin O’Halloran lifted his price target on Hecla Mining Company (NYSE:HL) from $12 to $13.50 while keeping a Market Perform rating. His update came on the heels of a notably strong third quarter. According to O’Halloran, all four of Hecla’s operations outperformed expectations, and firmer metal prices gave the company’s results an additional boost. Hecla Mining (HL) Delivers Rec ...

Group 1: Company Overview - SSR Mining Inc. (NASDAQ:SSRM) is recognized as one of the best silver mining stocks to invest in currently [1] - The company is a diversified precious metals producer, with its Puna mine in Argentina being one of the largest primary silver mines globally [4] Group 2: Financial Performance - SSR Mining reported Q3 2025 earnings on November 4, with revenue of $385.8 million, marking a 50% increase from Q3 2024 [3] - The revenue growth was attributed to the acquisition of the Cripple Creek & Victor (CC&V) mine in February 2025, which contributed $98.2 million in sales, along with higher realized metal prices across its diversified portfolio [3] Group 3: Market Conditions - Bank of America Securities (BofA) lowered the price target for SSR Mining to $18 from $18.70 while maintaining an Underperform rating, reflecting the tough conditions in the mining sector due to slower demand for commodities in China [2] - The overall mining sector is experiencing pressure on prices and operations, although there is potential for stronger buying in the US and Europe as those economies improve [2]