reports
- Sid Rajeev
Silver Rally and Expansion Plans Overshadow Q3 Miss
AGX is up 264% YoY, outperforming the Junior Silver Miners ETF (+124%), as silver prices surged 121% YoY to a record $64/oz. Capitalizing on strong market sentiment, the company completed a C$22M equity financing in Q3, added another C$1M through warrant exercises, and has a further C$27M available from in-the-money options and warrants, materially strengthening its balance sheet.
- Sid Rajeev
Cost Savings Offset Production Dip Amid Expansion Plans
Silver X Mining Corp. (TSXV: AGX) advances its Nueva Recuperada silver project in Peru. Q1 2025 production fell 8% QoQ, but 14% lower cash costs drove positive EBITDA and better margins. Revenue dropped 10%, missing estimates. An 8,000m drilling program targets resource growth, with Plata Mining Unit production set for 2026, aiming for 6 Moz by 2028. AGX trades at a 30% EV/Revenue discount to peers. Bullish silver price forecasts, driven by US$ weakness, safe-haven demand, and a fifth-year marke...
- Sid Rajeev
Record Production and Revenue, Narrowed Losses
Silver X Mining Corp. (TSXV: AGX) reported a 20% YoY production increase to 1 Moz AgEq in 2024 at its Nueva Recuperada mine in Peru, with revenue up 39% to $21.85M and net losses cut 64% to $4.45M. Trading at an 83% discount to peers ($0.30/oz vs. $1.78/oz), AGX offers a compelling value. An updated 208 Moz AgEq resource estimate and planned 6 Moz production by 2028 signal growth. With M&A rising, AGX is well-positioned for strategic interest.
- Sid Rajeev
An Emerging Silver Producer Poised to Quadruple Production
Silver X's Nueva Recuperada project in Peru features the producing Tangana mine and advanced-stage Plata unit. An updated resource estimate shows 208 Moz AgEq, up 40% from 2022. A 2023 PEA on Tangana suggests a $175M NPV10% and 39% IRR at $23/oz silver (now $31/oz). Production hit 0.8 Moz AgEq in 2024 (9M), up 34% YoY, with revenue up 41%. Trading at $0.30/oz vs a $1.50/oz junior average, AGX may attract M&A interest amid high commodity prices.
- Sid Rajeev
Commenced Production in Brazil, Advancing U.S. Graphite Strategy
ur latest report highlights South Star Battery Metals (STS.V | STSBF) and its advancements in graphite production. Key Takeaways from the Report: Santa Cruz Graphite Project (Brazil): Now in commercial production, with phase one capacity of 12 Kt/year and full permits for 50 Kt/year. BamaStar Project (Alabama): Aiming to establish a U.S.-based battery-grade graphite facility, with a recently completed PEA showing an NPV8% of US$1.6B and an IRR of 27%. Positioned to supply the graphite needs of...
- Sid Rajeev
Commencing Production Next Month / Trump Win May Propel Graphite Stock...
South Star Battery Metals Corp. (TSXV: STS / OTCQB: STSBF) is set to commence production next month at its Santa Cruz graphite project in Brazil, aiming for an annual output of 12,000 tonnes of flake graphite. The company has made significant strides since April 2023, including securing permits, entering sales agreements, and receiving funding from Sprott Resource Streaming and Royalty Corp. for its three-phase development plan. Additionally, their BamaStar project in Alabama has shown promisi...
- Sid Rajeev
- Sid Rajeev
- Sid Rajeev
- Sid Rajeev
- Sid Rajeev
- Ben Pirie
Mining Monthly: August Edition
What you need to know: • The precious metals markets held flat in August, following the solid performance in July; mining equities fell modestly. • M&A continued to be light in August, we believe this is primarily due to the lack of clarity regarding the direction of interest rates. • Safe-haven assets like gold and silver continue to look highly attractive with mining equities trading close to trough multiples, creating buying opportunities for when investment dollars flow back into the sector...
AGI. ALAMOS GOLD INC.
DPM. DUNDEE PRECIOUS METALS
DSLV E.S.I. ENVIRONMENTAL SENSORS INC.
EDG. ENDURANCE GOLD
FVI. FORTUNA SILVER MINES INC.
LUG LUNDIN GOLD
LUN LUNDIN MINING CORPORATION
MOZ MARATHON GOLD CORP.
NGQ NGEX RESOURCES INC
ESM.. EURO SUN MINING INC
AGI 1933 INDUSTRIES
TGIF IMPERIAL METALS CORP
III NGEX MINERALS
NGEX NGEX RESOURCES INC.
NGQ:CN ORLA MINING LTD.
OLA 1LIFE HEALTHCARE
ONEM ARTEMIS GOLD
ARTG KARORA RESOURCES INC
FVI AURA MINERALS - AURA33 BZ
KRR E2GOLD INC
AURA33 BZ TRIGON METALS INC.
ETU OMAI GOLD MINES CORP
- Sid Rajeev
- Ben Pirie
Mining Monthly: July Edition
What you need to know: • The precious metals markets rebounded well in July following a healthy consolidation period in May and June. • M&A continued to be light in July, primarily due to the new uncertainty regarding interest rates following strong economic data and the BoC and the Fed raising rates. • Safe-haven assets like gold and silver continue to look highly attractive with mining equities trading close to trough multiples, creating buying opportunities for when investment dollars flow ba...
EDG. ENDURANCE GOLD
OR OSISKO GOLD ROYALTIES LTD
TXG 10X GENOMICS INC CLASS A
PRB PROBE METALS INC.
STGO STEPPE GOLD LTD.
ARTG ARTEMIS GOLD
ETU TOREX GOLD RESOURCES INC. (TXG)
PNTZF E2GOLD INC
OMG TRIGON METALS INC.
ENDG.F OMAI GOLD MINES CORP
3EG ENDURANCE GOLD CORPORATION
FIL FILO CORP
- Sid Rajeev
- Sid Rajeev
- Ben Pirie
Mining Monthly: March Edition
What you need to know: • The precious metals and mining market significantly outperformed broader indices in the month of March with the GDX rising 15% versus the TSX being down slightly • Gold rallied heavily following the collapse of several major banks and the U.S. Fed guiding for a pause on rates in the near term • This month only strengthens our confidence that 2023 will be a standout year for both precious metals and base metals and encourage investors to position themselves accordingly ...
GFI GOLD FIELDS LTD. ADS
FNV. FRANCO-NEVADA CORPORATION
AGI. ALAMOS GOLD INC.
FM FIRST QUANTUM MINERALS LTD.
AEM. AGNICO EAGLE MINES LIMITED
EDG. ENDURANCE GOLD
RIO RIO TINTO LIMITED
RTP.. RIO TINTO PLC
AGI RIO TINTO PLC ADS (MEXICO)
CG CENTERRA GOLD INC.
CMMC COPPER MOUNTAIN MINING CORP.
FNV FRANCO-NEVADA CORP
EQX EQUINOX GOLD
ITR INTEGRA RESOURCES
TUD TUDOR GOLD CORP.
ETU E2GOLD INC
OMG OMAI GOLD MINES CORP
FQM FIRST QUANTUM MINERALS LTD
ENDG.F ENDURANCE GOLD CORPORATION
- Sid Rajeev
- Sid Rajeev
- Sid Rajeev
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