Truth Below Ground

Mining Research Investment Community.
If a gold mine is a hole in the ground with a liar at the top, we are going to help you to find the Truth Below Ground.

[Truth Below Ground @TruthBelowG]

🔎 Is the precious #metals bull thesis broken?

#Gold, #copper, #lithium, #uranium and mining companies face rising real rates, $100+ oil and growing stress in global bond markets.

We connect the dots in our latest newsletter 👇

https://t.co/QgCaXvHrkv

#Mining #Commodities

[Truth Below Ground @TruthBelowG]

@HankRuehl It’s being brutal out there these days!

[Truth Below Ground @TruthBelowG]

Capital allocation is very important for mining businesses. This 👇 illustrates the downside of share buybacks.

Capital allocation is an art, not a science.

Every capital allocation tool has its role to play, but which one is better depends on the specific context.

[Bid Bird @BidBird10]

Almonty $ALM used almost US$50M of its cash (debt) to purchase back roughly 3 million shares at a weighted average price of US$16.58. The share price today is US$7.63.

Wonderful use of capital (debt) 🙌🏻

[Charlando de minas @Charlandodminas]

La nieve también entra en las cuentas de una mina. Rio2 produjo 8.500 onzas en Fenix Gold en el 3T, afectado por tormentas. Mantiene su objetivo de producción comercial para el 4T: un hito que seguimos en @TruthBelowG, no un resultado garantizado.

[Truth Below Ground @TruthBelowG]

Fuente: resultados de @Rio2Limited del 3T 2026 (10/11/2026)

Rio2 es una de las compañías que analizamos en TBG. Lee el análisis completo: hazte miembro → https://t.co/CJsgldtVIr

[Truth Below Ground @TruthBelowG]

5 metros de nieve y 8.500 onzas de oro en el 3T. Pese a todo, Rio2 ( $RIO.to ) mantiene el objetivo de producción comercial en Fenix Gold en el 4T 2026; el AISC fue de 2.615 $/oz y la caja cerró en 26,8 M$. Hito a vigilar: que el ramp-up llegue en plazo.
https://t.co/qe55KTi4aE

[Truth Below Ground @TruthBelowG]

Source: Rio2, Q3 2026 results (Nov 10, 2026) https://t.co/qe55KTi4aE

Rio2 is one of the companies we analysed at @TruthBelowG. Read the full analysis: become a member → https://t.co/CScJcdFzfj

[Truth Below Ground @TruthBelowG]

Five metres of snow, 8,500 oz of gold in Q3. Rio2 ( $RIO.to ) still targets commercial production at Fenix Gold in Q4 2026; AISC was $2,615/oz sold and cash ended at $26.8M. Milestone to watch: whether the ramp-up lands on time. #Gold

[Truth Below Ground @TruthBelowG]

7/7
This is why, at Truth Below Ground, our due diligence goes beyond financial valuations and geological assessments to examine the full range of risks facing #mining investors.

👉 Read our original Dec 2025 Sigma Lithium report — free to read:
https://t.co/IioHPVzLwC

[Charlando de minas @Charlandodminas]

Más de 600 términos explicados. Uno a uno, tu diccionario para entender news release y documentos técnicos de tus acciones mineras favoritas

[Truth Below Ground @TruthBelowG]

Hemos abierto el Glosario minero de Truth Below Ground: +600 términos en español e inglés, con qué significan y por qué importan al inversor.

Ley de corte, recurso inferido, offtake… lo que lees en cada press release.

👉 https://t.co/XDuGkj8Pvg

[Política Minera @PoliticaMinera]

🎙️ “Chile tiene que creerse el cuento”: ya está el episodio #2 con Iñaki Lorenzo Vigiola.

Iñaki es uno de los fundador de @TruthBelowG y Glocal Compliance, y director de la Academia de Liderazgo y Gobernanza en Minería de la Universidad del Desarrollo (Negocios UDD).

▶️ Episodio completo en YouTube:https://t.co/Odncoc4weS

[Truth Below Ground @TruthBelowG]

📉 SIGMA LITHIUM: BEYOND THE LITHIUM DOWNTURN

$SGML has fallen ~60% YTD and nearly 77% from its 52-week high.

Weak #lithium prices are part of the story. But Sigma's problems go well beyond the commodity cycle.

A closer look 🧵 1/7

[Charlando de minas @Charlandodminas]

Sigma lithuum es una de las empresas que se analizaron donde salieron múltiples 🚩🚩🚩🚩
¿Que mejor manera que proteger al inversor que evitando los errores de inversión?

[Truth Below Ground @TruthBelowG]

7/7
This is why, at Truth Below Ground, our due diligence goes beyond financial valuations and geological assessments to examine the full range of risks facing #mining investors.

👉 Read our original Dec 2025 Sigma Lithium report — free to read:
https://t.co/IioHPVzLwC

[Truth Below Ground @TruthBelowG]

📉 SIGMA LITHIUM: BEYOND THE LITHIUM DOWNTURN

$SGML has fallen ~60% YTD and nearly 77% from its 52-week high.

Weak #lithium prices are part of the story. But Sigma's problems go well beyond the commodity cycle.

A closer look 🧵 1/7

[Truth Below Ground @TruthBelowG]

6/7
Refinancing alone is not enough.

$SGML must stabilise operations and generate sustainable cash flow.

Share-price performance suggests investors remain sceptical about its ability to deliver.

Yet the company still has a producing asset and meaningful expansion potential.