Core Insights - Hecla Mining Company's (HL) shares have increased by 62% over the past three months, underperforming the industry but outperforming the S&P 500 [1] - The company's peers, Avino Silver & Gold Mines Ltd. (ASM) and First Majestic Silver Corp. (AG), have seen gains of 134.4% and 98.9%, respectively, during the same period [1] Stock Performance - HL closed at $23.94, below its 52-week high of $34.17 and significantly above its 52-week low of $4.46 [4] - The stock is trading above both its 50-day and 200-day moving averages, indicating strong upward momentum [4] Production and Financial Performance - In 2025, HL's silver output increased by 5% to 17.0 million ounces, driven by core assets like Greens Creek, Lucky Friday, and Keno Hill [9][10] - The company reported Q3 2025 revenues of $409.5 million, a 35% increase sequentially, supported by higher metal prices and increased sales volumes [15] - Operating cash flow for Q3 was $148 million, with free cash flow around $90 million, contributing to a reduction in net leverage from 0.7x to 0.3x [15] Cost and Operational Challenges - Hecla Mining reported an increase in all-in-sustaining costs (AISC) for silver to $11.01 per ounce in Q3, up from $5.19 in the previous quarter, due to higher labor costs and increased capital spending [16] - The company operates in a competitive silver mining market, facing challenges from major players like Avino Silver and First Majestic [17] Strategic Moves - In January 2026, HL agreed to sell the Casa Berardi operation for up to $593 million, aiming to focus on premier silver assets and strengthen its financial position [13] - The Polaris Exploration Project has received approval for exploration activities in 2026, and early drilling at the Midas Project has shown promising results [14] Valuation and Market Position - Hecla Mining's trailing price-to-earnings ratio is 37.98X, compared to the industry average of 19.84X, with peers trading at 30.18X and 61.31X [21] - The Zacks Consensus Estimate for HL's bottom line for 2026 has increased by 56.1% in the past 60 days, indicating positive market sentiment [19] Conclusion - Strong performance from key mines and ongoing exploration projects position Hecla Mining for sustained growth, despite rising costs [22] - The company's improved liquidity and balance sheet suggest it may be an attractive option for potential investors [22]

Core Viewpoint - Rio Silver Inc. has begun trading on the U.S. OTCID Market, enhancing access for U.S. and global investors to its silver-focused growth strategy [3][5][7] Group 1: Market Access and Liquidity - The OTCID market provides a transparent and regulated platform for U.S. investors to access internationally listed companies, which is expected to improve trading efficiency and expand investor awareness for Rio Silver [5][8] - The uplisting is anticipated to increase participation from U.S.-based retail and institutional investors, thereby enhancing liquidity [5][8] Group 2: Company Strategy and Development - Rio Silver is focused on advancing high-grade, silver-dominant assets in Peru, leveraging its experienced technical and operational team [9] - The company aims to execute a disciplined, capital-efficient development strategy while engaging in direct investor outreach and participating in major industry conferences [6][8] Group 3: Management Commentary - The President and CEO of Rio Silver emphasized that the uplisting to the OTCID market is a significant step forward, facilitating broader access to the company's investment story [7] - Enhanced visibility and liquidity are seen as crucial for building long-term shareholder value as the company progresses with its projects [7]

Core Viewpoint - Silver North Resources Ltd. has successfully closed a brokered private placement, raising gross proceeds of C$11,576,985, which includes the full exercise of the agent's option [1] Group 1: Offering Details - The Offering consisted of the sale of 4,982,461 units at C$0.40 per unit and 17,114,286 flow-through units at C$0.56 per unit [1] - Each unit includes one common share and one-half of a common share purchase warrant, while each flow-through unit includes one common share as a flow-through share and one-half of a warrant [2] Group 2: Agent and Fees - Red Cloud Securities Inc. acted as the sole agent and bookrunner for the Offering, receiving cash fees of C$810,388.92 and 1,546,772 non-transferable common share purchase warrants [3] Group 3: Use of Proceeds - The gross proceeds will be allocated for exploration and related programs on the Haldane and Veronica properties in Yukon Territory, as well as for working capital and general corporate purposes [4] - Proceeds from the sale of Charity FT Units will be used for eligible Canadian exploration expenses related to the Haldane and GDR projects, with all qualifying expenditures to be renounced in favor of the subscribers effective December 31, 2026 [5] Group 4: Securities Issuance - A total of 15,696,747 Offered Securities were issued to Canadian purchasers under the listed issuer financing exemption, with 6,400,000 Charity FT Units issued under non-LIFE exemptions, subject to a hold period ending on June 11, 2026 [6] Group 5: Company Overview - Silver North's primary assets include the 100% owned Haldane Silver Project, the Tim Silver Project under option to Coeur Mining, and the GDR (Veronica) project, with plans to acquire additional silver properties in favorable jurisdictions [10]

Core Insights - Minaurum Silver Inc. has reported significant results from its Phase 2, 50,000-meter resource-expansion drill program at the Alamos Silver Project in Sonora, Mexico, highlighting multiple high-grade silver intersections [1][2] Drill Program Results - The drilling program targets the Europa, Promontorio, and Travesia vein zones, with Hole AL25-163 confirming high-grade silver mineralization extending beyond the current inferred resource in the Europa Vein Zone [2][3] - Hole AL25-163 intersected a wide interval of 12.35 meters averaging 408 g/t AgEq, including 3.20 meters of 1,277 g/t AgEq [3][7] - Hole AL25-154 returned 1.05 meters of 231 g/t AgEq, including 0.25 meters of 700 g/t AgEq [3][12] Europa Vein Zone - The Europa vein zone has a defined resource occupying about 1 km of its surface-traced 3-km strike length, with recent assays extending high-grade mineralization particularly to the south [3] - The results from Hole AL25-163 and Hole AL25-154 support the strategy to significantly expand the Alamos resource with continued drilling [2][3] Promontorio Vein Zone - The Promontorio vein zone, approximately 1 km long, has shown mineralization in epithermal vein-hosted environments, with Hole AL25-159 intersecting 4.40 meters of 154 g/t AgEq [15][20] Travesia and La Quintera Vein Zones - The Travesia vein zone has intersected narrow but encouraging mineralization, with Hole AL25-165 reporting 0.95 meters of 148 g/t AgEq, including 0.40 meters of 221 g/t AgEq [16][18] Company Overview - Minaurum Silver Inc. is focused on advancing its high-grade, 100% owned, production-permitted Alamos Silver Project, which hosts a National Instrument 43-101-compliant inferred mineral resource of 55 million ounces of silver equivalent, grading 320 g/t AgEq [22]

Core Insights - Metallic Minerals Corp. provided a strategic update on its Keno Silver project, which is 100% owned by the company and spans 171 square kilometers in Yukon, Canada, a region known for its high-grade silver deposits [1] Company Overview - The Keno Silver project is located adjacent to Hecla Mining Company's Keno Hill operations, which is recognized as Canada's largest and highest-grade primary silver producer [1] Industry Context - The Yukon Territory is noted for hosting over 300 million ounces of past production and current reserves and resources, highlighting its significance in the global silver market [1]

Core Insights - Capitan Silver Corp. has reported assay results from its 2025 reverse circulation drill program at the Cruz de Plata silver-gold project in Durango, Mexico, highlighting the expansion of high-grade silver zones [1][2][3] Drill Results - The drilling program focused on high-priority targets, particularly new high-grade silver zones developing east and west of the Peñoles Fault, with an emphasis on extending high-grade mineralization to depth [5][6] - Drill hole 25-ERRC-37 intersected multiple high-grade zones, extending mineralization down-dip by 20m to 80m, with a strike length of approximately 140m east-west and 220m down-dip, remaining open at depth [6][8] - Drill hole 25-ERRC-32 confirmed continuity of mineralization, extending the high-grade zone approximately 10m down-dip from drill hole 25-ERRC-20 [7][8] - Significant assay results include 1,833.1 g/t AgEq over 1.5m within a broader zone of 340.4 g/t AgEq over 21.3m from drill hole 25-ERRC-37, and 1,254.8 g/t AgEq over 1.5m from drill hole 25-ERRC-32 [8][13] Project Development - The company has ramped up its drilling capacity by adding a second drill rig to the Cruz de Plata project, enhancing its exploration efforts [8][18] - Final assays are pending for 24 additional drill holes, indicating ongoing exploration and potential for further high-grade discoveries [8][18] Company Overview - Capitan Silver is focused on defining a new high-grade silver system at the Cruz de Plata project, supported by a management team with a successful track record in advancing projects to production [18][29] - The company maintains a tight share structure, with the top three shareholders owning approximately 37% of its share capital, and is fully funded for its drilling activities [18][29]

Core Viewpoint - Cartier Silver Corporation has successfully completed a brokered private placement, raising $3,000,000 through the issuance of 10,000,000 common shares at a price of $0.30 per share, which will be used for exploration and drilling on the Los Chorrillos Project in Bolivia and for general working capital [1][2][3]. Group 1: Financial Details - The private placement resulted in gross proceeds of $3,000,000 from the issuance of 10,000,000 common shares at an issue price of $0.30 per share [1]. - The Agent, Centurion One Capital Corp., received a cash commission of $240,000 and 800,000 broker warrants, each allowing the purchase of a share at the issue price for 36 months [3]. - Insiders acquired a total of 1,300,000 shares in the offering, which is classified as a related party transaction under MI 61-101 [5]. Group 2: Project and Use of Proceeds - The net proceeds from the offering will be allocated to further exploration and drilling activities on the Los Chorrillos Project in Potosí, Bolivia, as well as for general working capital [2]. - The company aims to strengthen its balance sheet and advance the Los Chorrillos Project through continued exploration, resource expansion, and technical studies [3]. Group 3: Company Overview - Cartier Silver Corporation focuses on the exploration and development of silver property assets, including the Los Chorrillos Project and other claims in Bolivia, as well as significant iron ore resources in Quebec and a gold property in Newfoundland and Labrador [7].

Company Overview - GR Silver Mining Ltd is focused on advancing its fully owned silver assets, particularly the Plomosas High-Grade Silver project in Mexico [3][6] - The company is fully financed with $28.8 million in treasury, enabling it to conduct an aggressive resource expansion drilling campaign of 20,000 meters in 2026 [6] Upcoming Events - CEO Marcio Fonseca will present live at the Precious Metals & Critical Minerals Virtual Investor Conference on February 10, 2026, at 3:00 PM ET [1] - The event will allow real-time interaction with investors, and an archived webcast will be available for those unable to attend live [2] Strategic Goals - GR Silver aims to update its current Mineral Resource Estimate of 134 million ounces of silver equivalent in 2026 [3][6] - The company plans to provide a Preliminary Economic Study (PEA) by late 2026 [3][6]

Core Viewpoint - The demand for silver is surging due to its essential role in electronic devices and renewable energy, leading to record high prices and a projected supply shortfall [1][3][9]. Industry Demand - Silver is critical for various industries, consuming 59% of the world's output, particularly in electronics, solar energy, AI data centers, automotive, and wearables [5][8]. - The global solar installations increased by 33% in 2024, with expectations of continued growth in the low double digits through 2029 [8]. - Electric vehicles require twice the amount of silver compared to gas-powered vehicles, with predictions that half of all vehicles sold by 2035 will be EVs [8]. Supply Challenges - Global mine production reached a seven-year high of 844 million ounces in 2025, but a shortfall of 118 million ounces is projected for 2026 [9]. - Barriers to silver production include strikes, land use disputes, and logistical challenges in major producing regions [10]. Geopolitical Factors - Silver is gaining traction as a safe haven for investors amid global political uncertainties, with expectations of stockpiling by nations [6][7]. Company Insights - New Pacific Metals is positioned as a significant future supplier of silver, owning two of the world's largest undeveloped silver projects in Bolivia [12][16]. - The Silver Sand project has the potential to produce about 12 million ounces of silver annually at low costs [13]. - The Carangas Silver-Gold Project is expected to add approximately 6.6 million ounces to annual supply, with strong economic fundamentals [14][15]. Strategic Approach - New Pacific Metals emphasizes careful project identification, geological studies, and community engagement to ensure long-term shareholder value [17].

Core Viewpoint - Vizsla Silver Corp. has reported the tragic loss of colleagues who were taken from its project site in Concordia, Mexico, and the company is awaiting confirmation from Mexican authorities regarding the situation [1][2] Group 1 - The company has been informed that several families have reported their relatives, who were colleagues, have been found deceased [1] - The President & CEO of Vizsla expressed devastation over the loss of life and extended condolences to the affected families and the community [2] - The company's focus remains on the safe recovery of those who are still missing and on providing support to all affected families and employees during this difficult time [2]