Core Insights - Sprott Inc. is a global asset management firm focused on precious metals and real assets, distinguishing itself from competitors through its niche in gold, silver, platinum, and palladium investments [1] Financial Performance - For Q4 2025, Sprott reported earnings per share (EPS) of $1.11, significantly surpassing the estimated EPS of $0.52, despite revenue falling short at $61.7 million compared to the expected $68.7 million [2] - The company's Assets Under Management (AUM) reached $59.6 billion by the end of 2025, marking a 21% increase from the previous quarter and an 89% rise from the end of 2024, driven by market value appreciation and $3.9 billion in net sales, particularly in the Exchange Listed Products segment [2] Market Valuation - Sprott has a price-to-earnings (P/E) ratio of approximately 48, indicating strong investor confidence in its earnings potential [3] - The price-to-sales ratio is about 16.88, and the enterprise value to sales ratio is 16.48, reflecting the market's valuation of Sprott's revenue and overall valuation compared to sales [3] Financial Health - The current ratio of 2.14 suggests robust short-term financial health, with current assets more than double current liabilities [4] - The enterprise value to operating cash flow ratio is approximately 44.98, indicating the company's valuation relative to its cash flow from operations [4] - An earnings yield of about 2.08% shows the percentage of each dollar invested that was earned by the company [4]

Core Insights - A Pennsylvania couple's discovery of a hidden stash of silver coins valued at approximately $10,000 underscores the potential for overlooked assets to become significant wealth as silver prices rise [2][3][8] Industry Overview - Silver prices are projected to surge through 2025, driven by increasing demand from clean energy, electronics, and AI sectors, alongside investor interest in precious metals as a hedge against inflation and geopolitical risks [4] - The market for precious metals is experiencing double-digit gains, indicating a favorable environment for investors looking to capitalize on rising metal prices [4] Company Insights - Preserve Gold is a U.S.-based firm that facilitates the acquisition of physical precious metals, including gold, silver, platinum, and palladium, for retirement accounts or direct ownership [6] - The company requires a minimum investment of $10,000 and targets long-term investors, offering IRS-approved coins and bars for wealth preservation [7] - Clients receive guidance from dedicated specialists on product selection, storage options, and tax considerations, enhancing the investment experience [7]

Core Insights - Palladium has experienced significant volatility since mid-August 2025, with prices nearing $1,900 per ounce by late January 2026, although it has not reached a new all-time high [2] - The bullish trend for palladium continues into 2026, with prices closing at $1,651.40 per ounce on December 31, 2025, and further increases observed in January 2026 [3] - Palladium futures traded above $1,900 per ounce on January 27, 2026, after reaching a high of nearly $2,200 per ounce [4] Price Comparisons - Gold, silver, and platinum have all reached new all-time highs in 2025, with gold closing at $4,431.10 per ounce, up 64.37% for the year, and rising to a high of $4,556.30 [5] - Silver closed at $70.603 per ounce, up 141.44% in 2025, with a high of $79.70, and was over $108 per ounce on January 27, 2026 [6] - Platinum closed at $2,034.50 per ounce, up 127.57% in 2025, reaching a high of $2,563.50, and was steady at over $2,560 per ounce on January 27, 2026 [6]

Core Insights - Gold.com, Inc. will hold a conference call on February 5, 2026, at 4:30 p.m. Eastern time to discuss its fiscal second quarter results for the period ending December 31, 2025 [1] Company Overview - Gold.com is a fully integrated alternative assets platform that offers a wide range of precious metals, numismatic coins, and collectibles to consumers, collectors, and institutional clients globally [1][4] - Founded in 1965, Gold.com provides a comprehensive solution for all aspects of the precious metals and collectibles value chain, combining market expertise with logistics, financing, and minting capabilities [4] - The company operates a direct-to-consumer marketplace through flagship brands such as JMBullion.com and GovMint.com, serving millions of customers [5] - Gold.com has been an authorized purchaser of the United States Mint since 1986 and maintains relationships with a network of sovereign and private mints [5] Conference Call Details - The conference call can be accessed via a U.S. dial-in number (1-888-506-0062) and an international number (1-973-528-0011) [2] - Participants are encouraged to call 10 minutes before the start time and will need a participant access code (118433) [2] - A replay of the call will be available after 7:30 p.m. Eastern time on the same day through February 19, 2026 [3]

Core Insights - Gold.com, Inc. has successfully completed the acquisition of Monex, a prominent precious metals dealer, enhancing its service offerings and operational capabilities [1][2] - The company has increased its stake in Atkinsons Bullion & Coins to 49.5%, further expanding its international direct-to-consumer presence [3][4] - Gold.com will ring the NYSE Opening Bell on January 27, 2026, marking its transition to a fully integrated alternative assets platform [9] Monex Transaction Update - The acquisition of Monex allows Gold.com to integrate teams and platforms efficiently, leveraging decades of collaboration [2] - Monex has facilitated billions in transactions since its founding in 1987, generating total revenue of $835 million for the year ending December 31, 2024, and holding $630 million in assets under custody as of September 30, 2025 [2] Atkinsons Bullion & Coins Investment Update - Gold.com acquired an additional 24.5% equity interest in Atkinsons, increasing its total ownership to 49.5% [3] - Atkinsons reported revenue exceeding $370 million in calendar year 2025, and Gold.com holds an option to acquire an additional 25.5% ownership interest beginning December 2027 [4][5] Auction Highlights - Stack's Bowers Galleries conducted a landmark auction for the final circulating Lincoln pennies, realizing over $16.76 million [6][8] - The auction featured 232 three-coin sets, with an average lot value exceeding $72,000, and the final set achieving a record price of $800,000 [8] Company Overview - Gold.com, founded in 1965, offers a comprehensive solution for precious metals and collectibles, combining market expertise with logistics, financing, and minting capabilities [10] - The company's direct-to-consumer marketplace includes flagship brands such as JMBullion.com and Stack's Bowers Galleries, serving millions of customers globally [11]

Market Trends & Investment Opportunities - Precious metals are experiencing a surge due to the "debasement trade," where investors seek assets other than fiat currency [3][5] - Platinum is highlighted as a potentially strong investment due to the EU's revised stance on internal combustion engines, removing negative pressure and opening upside potential [4] - The gold-platinum ratio suggests significant upside for platinum [4] Dollar Debasement & De-dollarization - The "debasement trade" reflects a desire to own assets other than fiat currency, while "de-dollarization" involves avoiding US dollars to evade US sanctions [5] - Central banks are driving gold demand as they seek to diversify away from the dollar and protect assets from potential seizure [6] Gold vs Bitcoin - Gold's long history and substantial market size ($30 trillion) provide a level of security preferred by central banks and individual investors, compared to Bitcoin's smaller market size ($15 trillion) [8][9] - Gold's proven resilience over millennia contrasts with Bitcoin's relative infancy as a 16-year-old market [8]

Core Viewpoint - Magna Mining Inc. has engaged Technica Mining Inc. to conduct a pre-feasibility study on its 100% owned Crean Hill Project, which is expected to enhance the project's economic assessment and support the company's vision of becoming a multi-mine producer in the Sudbury Basin [1][2]. Project Overview - The Crean Hill Project is located in Sudbury, Ontario, Canada, and has shown a promising combination of base and precious metals [1][2]. - The pre-feasibility study (PFS) will build on the Preliminary Economic Assessment (PEA) completed in 2024, which indicated a potential mine life of 13 years and modest pre-production capital costs [2][6]. Financial Highlights - The 2024 PEA highlighted a low pre-production capital cost of CAD 27.7 million, with projected Advanced Exploration (AdEx) capital costs of CAD 48.5 million and revenues of CAD 16.4 million [6]. - The after-tax Net Present Value (NPV) at an 8% discount rate is CAD 194.1 million, with an Internal Rate of Return (IRR) of 129% based on conservative metal prices [6]. Mining Operations - The PEA envisions an underground mining operation with an average production rate of 2,200 tonnes per day and an average Life of Mine (LOM) operating cost of CAD 158 per tonne [6]. - The project is expected to yield 195.5 million pounds of nickel, 169.5 million pounds of copper, 313,000 ounces of platinum, 359,000 ounces of palladium, and 117,000 ounces of gold over its lifespan [6]. Resource Estimates - The Crean Hill Mineral Resource Inventory, effective April 15, 2024, includes significant contact nickel-copper zones and lesser amounts of footwall copper-nickel-precious metals [5][8]. - The indicated resource is 18,444,000 tonnes with grades of 0.87% Cu and 1.01% Ni, while the inferred resource is 989,000 tonnes with grades of 0.53% Cu and 0.70% Ni [8]. Future Plans - The PFS is set to commence in January 2026 and is expected to be completed by Q3 2026, incorporating results from a 20,000 tonne bulk sample program conducted in late 2024 [2][6]. - Engineering advancements for a connection to grid power and a permanent dewatering system are ongoing, which will benefit the project's economic evaluation [2].

Market Trends & Commodity Prices - Average ticket price increased by 15%, driven by a 50% rise in underlying commodity costs over the last year [1] - Silver and platinum prices have increased by 70% in the last year [1] - Natural diamond prices are down roughly 45% from their peak in March 2022 [7] - Gold has appreciated by 11% per annum over the last ten years [3] Lab-Grown Diamonds - Lab-grown diamonds are driving down the price of natural diamonds [2][6] - Approximately 60% of engagement rings sold in the U S this quarter will have a lab-grown center, compared to 2% in 2018 [8] - Industry anticipates 80% adoption of lab-grown diamonds in the next ten years [9] - On the diamond side, 60% plus is lab-grown, 40% is natural [10] Consumer Behavior & Sales - Jewelry industry is up over 10% this year, outperforming other luxury categories [13] - Current sales are up over 30% [12] - 75% of colored gemstone sales are natural, while 25% are lab-grown [10] - Customers prefer perfect diamonds but unique imperfections in colored gemstones [11] Gold Market Dynamics - Central banks are buying roughly 25% of the gold that's out there [5] - Financial investors are a significant part of the gold market [5] - Political and economic uncertainty are driving demand for gold [3]

- Yeah. Good morning. Just pocket change.Singles. My name is Ben Tseytlin, I'm the owner of Bullion Exchanges. The past, like three months has been extremely busy.Gold has skyrocketed. All the metals are trending higher. You got a grand total of $9,723.59%.I need your ID - - [Customer] Sure - and we'll get you a check issued shortly. - [Customer] Okay. Thank you.- There's a huge influx of people in the 65 plus range, trying to sell their scrap jewelry. They've been sitting on this stuff for a long time. It' ...

Core Viewpoint - The significant price rise of platinum, which has increased by 75% since the beginning of the year, may be coming to an end as a multi-year supply deficit is expected to shift into a modest surplus next year [1] Industry Summary - The World Platinum Investment Council (WPIC) forecasts a transition from a 692,000-ounce shortfall in 2023 to a 20,000-ounce surplus in 2024, indicating a shift in market dynamics that could impact investor sentiment [1][6] - Platinum, along with palladium, has extensive industrial applications, particularly in jewelry and as catalysts in internal combustion engines [3] - The rise in popularity of electric vehicles (EVs) was anticipated to negatively affect the catalyst market; however, consumer adoption of EVs has been slower than expected, with many opting for hybrid vehicles that require more platinum [4][5] Price Dynamics - The price of platinum surged from $932/oz in early January to $1,637/oz, driven largely by investors seeking cheaper alternatives in the precious metals sector [5] - Other precious metals have also seen significant price increases, with silver rising by 77% and palladium by 61% since the start of the year, while gold has increased by 60% [5] - The WPIC noted that after years of deficits, the platinum market is expected to stabilize by 2026, which may put downward pressure on prices as supply increases [6][7] Supply and Demand - The above-ground stockpile of platinum has decreased from 5.5 million ounces in 2022 to an estimated 3.2 million ounces currently, indicating a tightening supply situation [7] - The forecasted deficit of 692,000 ounces in 2023 represents 9% of annual demand, while a supply increase of 4% is expected by 2026 due to processing spent auto catalysts and scrap metal sales [7] Company Focus - Valterra Platinum, a London-listed company spun out of Anglo American, has seen its share price rise by 73% since the beginning of the year, closely tracking the price movements of platinum [9]