Core Viewpoint - The precious metals market is expected to perform strongly in 2025, with prices for gold, silver, platinum, and ruthenium reaching historical highs, driven by geopolitical uncertainties and concerns over the sustainability of U.S. debt and the dollar's status as a global reserve currency [1] Gold - Gold prices have shown strong performance at the beginning of 2026, influenced by rising market risk aversion due to U.S. military actions in Venezuela, with prices reaching approximately $4,500 per ounce, just 1% below the historical high of $4,550 set in December [2] - The outlook for gold remains bullish, with expectations for new highs driven by ongoing uncertainties in U.S. policies and economic health concerns, alongside a supportive environment from continued Federal Reserve rate cuts and rising fiscal deficits [4] - Institutional investment demand is expected to be a major driver for gold prices, despite a potential increase in supply due to rising recycling and mining output [5] Silver - Silver prices surged by 147% in 2025, marking the best annual performance since 1979, with expectations for further price increases despite potential short-term corrections due to commodity index rebalancing [7] - Strong investment demand, tariff uncertainties, and structural supply-demand gaps are expected to support silver prices, with the possibility of reaching three-digit price levels [7] - The performance of silver relative to gold may improve initially, but a reversal is anticipated mid-2026 as tariff policies clarify and industrial demand adjusts [7] Platinum - Platinum prices increased by 33% in 2025, breaking out of previous trading ranges, with supply constraints from South African floods and increased demand from jewelry manufacturers contributing to price support [10] - The market is expected to remain in a supply-demand deficit for the fourth consecutive year in 2026, although the gap may narrow as supply recovers and industrial demand expands [10] Palladium - Palladium prices rebounded in 2025, with an average increase of 17%, driven by geopolitical risks and the introduction of palladium futures in Guangzhou [11] - The outlook for palladium in the first half of 2026 remains positive, with prices potentially testing $2,000 per ounce, although a correction of 10%-20% may occur later in the year as uncertainties ease [11] Rhodium - Rhodium prices strengthened in 2025, with a 37% year-on-year increase, despite a narrowing supply-demand gap [12] - The outlook for 2026 suggests further price increases, driven by renewed speculative interest and a continued supply-demand imbalance [13] Ruthenium - Ruthenium prices surged by 66% in 2025, supported by strong demand from the electronics sector and its potential to replace iridium in electrolytic applications [14] - The market is expected to remain in a supply-demand deficit for the eighth consecutive year in 2026, with continued investor interest supporting prices [14] Iridium - Iridium prices experienced an 8% decline in 2025 despite ongoing supply shortages, with resilient demand in electrochemical applications offsetting weaknesses in other sectors [16] - The outlook for 2026 indicates a significant narrowing of the supply-demand gap, with potential short-term price strength followed by a gradual decline as market fundamentals stabilize [16]

Core Insights - Sidney Resources Corporation has achieved a significant metallurgical milestone at its Warren District project in Idaho, successfully producing metallic smelter "buttons" containing iridium, which represents a key technical advancement in the company's polymetallic development program [1] Company Developments - The recent processing and testing efforts at the Warren District project have led to the production of iridium-containing metallic smelter buttons, indicating progress in the company's metallurgical capabilities [1]

Group 1 - The article presents an outlook for various precious metals, including palladium, rhodium, ruthenium, platinum, iridium, and osmium, indicating their projected prices for 2026 [1][4][5] - Specific price forecasts for palladium, rhodium, and platinum are highlighted, with palladium expected to be around 46, rhodium at 45, and platinum at 78 [1][4] - The data suggests a trend in the precious metals market, reflecting potential investment opportunities in these commodities as their values are projected to change significantly by 2026 [1][4]

Core Viewpoint - Eurasia Mining has decided to sell its West Kytlim operations due to concerns over potential nationalization and regulatory risks in Russia [1][4]. Group 1: Sale Agreement Details - The company has accepted terms to divest its stake in Kosvinsky Kamen, which holds the West Kytlim alluvial platinum group metals and gold operations [1]. - The transaction values the loss-making asset at approximately $251 million, with the buyer set to pay Rbs671.2 million (around $9 million) [2]. - The significant difference between the asset's valuation and the expected proceeds is attributed to Russian regulations that limit foreign owners' returns from asset sales amid geopolitical tensions [3]. Group 2: Strategic Focus Shift - Eurasia Mining indicated that the West Kytlim asset represents only 0.3% of its total reserves, and the company aims to focus on its Arctic portfolio, which constitutes 99.7% of its reserves [4]. - The planned disposal aligns with the company's strategy to streamline its asset base and concentrate on higher-value projects in the Arctic region [5]. - The Arctic assets are supported by an agreement with the state-owned Far East and Arctic Development Corporation [5]. Group 3: Financial Implications - The sale is expected to provide non-dilutive funding for the development of the remaining Arctic portfolio, including the Tier 1 nickel-copper deposit NKT, which has an estimated net present value of $1.2 billion to $1.7 billion [6]. - As part of the deal, Kosvinsky Kamen will transfer the Travyanaya licence to Eurasia, allowing the company to retain this licence post-sale [6]. Group 4: Board Recommendations - The board of Eurasia Mining believes the sale is in the best interests of the company and has unanimously recommended that shareholders vote in favor of the transaction [7].

Core Insights - Stillwater Critical Minerals Corp. has engaged Mine Technical Services to conduct an updated NI 43-101-compliant Mineral Resource Estimate for its Stillwater West project in Montana, USA [1] - The updated Mineral Resource Estimate is anticipated in the first half of 2026 and aims to advance Stillwater West as a significant source of ten critical minerals in the U.S. [1] - The Stillwater West project contains a unique combination of nickel, copper, cobalt, chromium, platinum, palladium, rhodium, ruthenium, iridium, gold, and osmium, which are essential for clean energy, defense, and technology supply chains [1]