E

focused on silver, DYODD

[E @poorFoodNotRich]

@KuyaSilver Market cap $101M
Cash on hand $27M

Producing precious metals everyday
KUYAF
#Silver

[E @poorFoodNotRich]

@GoldForecast As soon as you buy a copper mine

[E @poorFoodNotRich]

@TheApeOfGoldST They are producing PMs everyday. Same as they were in January. Strong hands, holding.

[Mine Academy @mine_academy]

Guanajuato Silver reportó un primer trimestre histórico en 2026.

La compañía alcanzó ingresos récord por 43.1 millones de dólares, obtuvo su primera utilidad neta trimestral de 5.7 millones de dólares y aumentó su producción de oro 104% tras la incorporación de la mina Bolanitos.

Además, anunció una inversión récord de 35 millones de dólares para exploración, desarrollo e infraestructura en sus operaciones de Guanajuato y Durango.

#Minería #GuanajuatoSilver #Plata #Oro #ExploraciónMinera #Durango #Guanajuato #MetalesPreciosos #MineAcademy

[E @poorFoodNotRich]

@TheApeOfGoldST Look at the volume on SILJ down days, yesterday's volume is much lighter:

1/26: 28M ← heavy late-Jan selling
1/30: 34M ← heaviest
2/12: 15M ← Feb, already lighter
6/5: 9.3M ← now, lighter volume

[Contango Silver And Gold @OreContango]

The team is officially back underground at Lucky Shot. Over the weekend, mining crews initiated development on the West Drift extension, an important step in advancing the project and continuing to test the continuity of the recently discovered KM Vein system.

It is great to see underground development activities underway once again at this historic Alaska gold project as the team advances work on what could represent a significant new high-grade vein system.

A big thank you to the crew for the strong start and continued focus on safe and efficient operations. We look forward to providing additional underground photos and operational updates from site in the coming weeks.

$CTGO

[1resourceful1 @1_resourceful_1]

KUYA SILVER is likely to emerge in the 2026 through 2028 as the fastest growing physical production leveraged to Kuya’s high silver’s wide margin of unit sales price and AIS

https://t.co/SLg6OsF5Va

[THE Mining Investment Event @THEMiningEvent]

Shawn Khunkhun of Contango Silver & Gold remained on stage to kick off our next series of company presentations. He introduced this new company, a result of the merger between Dolly Varden Silver and Contango Ore. Contango has a high grade portfolio, 33M shares outstanding, $100M in the treasury, and generates around $100M a year. Trading at the highest P/NAV multiple, Contango is positioned for rerating, said Khunkhun.

Our brief foray into silver, Duncan Roy of Power Metallic Mines Inc, presented on what the company believes in the highest grade copper and PGE deposit in the world. He echoed others who characterised Quebec, home to Nisk Main and Lion Discovery, as a fabulous place to work. He shared how the company’s shareholder register includes some industry heavy hitters like Rob McEwen and Robert Friedland, and addressed market concerns around metallurgy, project economics, and size head on.

From the highest grades to the best. Guy Goulet of Cerro De Pasco Resources explained how the company is working to generate value from the stockpiles of the historic and storied Cerro De Pasco operation in Peru. “We have one of the largest above ground mineral assets on the planet,” said Goulet.

[Silver Santa @Silver__Santa]

$SAM.TO $SHVLF - STARCORE INTERNATIONAL
La Tortilla social license: secured.
Lease cost: US$268K.
Grade: 550–973 g/t Ag.
Target: ~968K oz Ag/yr at 200 tpd.
Combined 2028 FCF: ~US$107M.
Market cap: C$57M. Zero debt.
EV/FCF: 0.34x.
Only hurdle left: fed. env. permit — filed

[Silver Santa @Silver__Santa]

$PER.V $DUVNF - PERUVIAN METALS
Know what you own.

Revenue angle:
Same plant. Same 100 tpd. Same location. Third-party ore = C$86/tonne. Own ore from Palta Dorada = C$1,850/tonne. That's a 21x revenue multiplier from changing what goes into the hopper. No new capex. No dilution. Just a feed switch.

Valuation angle:
PER trades at ~C$34M market cap. At just 25 tpd own-ore from Palta Dorada — permitted TODAY via bulk sampling — estimated EBITDA is US$6.4M. One asset. Sub-scale. EV/EBITDA of ~3.4x. At 100 tpd it's ~1x. The market is pricing this like a shell company.

Dilution angle:
Over 5 years, PER diluted shares by 26%. Sector median: 77%. Some peers: 158%, 211%, 551%. The CEO owns 13M+ shares — his highest ever holding — and has stated zero further dilution planned. He funds development from cash flow.

Grade angle:
Shaft samples across 840m of strike at Palta Dorada: 10.51 g/t Au, 329 g/t Ag, 1.74% Cu. AuEq at $4,600/$75: 15.87 g/t. Independent lab (NI 43-101 accredited) confirmed 89% gold recovery. World-class grade. No resource. No hype machine. Just a geologist who's lived in Peru for 30 years mining what he can see.

Monopoly angle:
The only fully permitted polymetallic processing plant in Northern Peru.

Seven projects. Zero debt. ~C$3M cash. One geologist. C$34M market cap.

[The Analyst @the_analyst_24]

$CTGO – Deep Dive: Contango Silver & Gold Inc ⛏️

1/ Company Overview
The Company:
Contango Silver & Gold Inc (NYSE American / TSX: CTGO) is a North American mid-tier precious metals producer and developer, formed by the blockbuster March 2026 merger between Contango ORE and Dolly Varden Silver.

The Shareholders:
Ownership is a balanced 50/50 split between legacy Contango and former Dolly Varden shareholders. It enjoys strong institutional backing and a seasoned management team led by CEO Rick Van Nieuwenhuyse and President Shawn Khunkhun.

Past to Future:
Contango evolved from an Alaskan gold explorer into a cash-flowing producer through its 30% stake in the Manh Choh mine. With the Dolly Varden acquisition, it added the massive, district-scale Kitsault Valley silver-gold project in British Columbia's Golden Triangle. The goal is to scale up to 200,000 oz of gold and 4 to 6 million oz of silver annually within five years.

Technology / Strategy:
Contango utilizes a brilliant "Direct Ship Ore" (DSO) strategy at Manh Choh. Instead of building an expensive on-site mill, they transport ore to Kinross Gold's existing processing facilities, drastically lowering CAPEX, saving millions, and minimizing the environmental footprint.

2/ Product & Current Developments
Contango operates a unique "hub-and-spoke" model bridging Alaska and British Columbia.

The Production Engine: The 30%-owned Manh Choh open-pit mine (operated by Kinross) is producing incredibly high-grade gold (~8 g/t).

The Growth Pipeline:
The recent merger folded in Dolly Varden's Kitsault Valley, one of Western Canada's largest undeveloped high-grade silver-gold resources. They also hold the advanced-stage Lucky Shot and Johnson Tract exploration projects in Alaska.

3/ Valuation Snapshot
Share Price: ~USD 20.11
Market Cap: ~USD 633.9 Million
Net Debt & Cash: The combined entity boasts a fortress balance sheet with over USD 100 million in combined cash and minimal net debt (excluding leases) of around USD 15 million.

4/ Earnings Snapshot & Cash Flow
Unlike most juniors that constantly dilute shareholders to fund drilling, Contango is self-funding.

Production:
Contango's 30% share of Manh Choh yields an average of 60,000 oz of gold annually for the life of the mine.

Free Cash Flow: Operations at Manh Choh generate an expected average of USD 100 million in free cash flow annually.

Exploration Budget: They are aggressively deploying a massive USD 50 million annual exploration budget across their project pipeline, fully funded by internal cash flow.

5/ Peer Group Comparison
Contango sits in a rare hybrid category. It marries the robust free cash flow of a single-asset mid-tier producer with the blue-sky upside of a premier exploration company.

Compared to peers in the junior mining space that suffer from constant dilution and capital starvation, Contango's massive treasury and self-funded USD 50M drill program give it a distinct advantage.

6/ Forecast 2030
By 2030, Contango Silver & Gold plans to aggressively transition from a single-mine producer to a multi-asset mid-tier powerhouse. Management's 5-year plan targets annual production of 200,000 ounces of gold and 4 to 6 million ounces of silver.

Revenue/EBITDA Estimation at Current Spot:
Utilizing current real-time June 2026 spot prices of approximately USD 4,540 per ounce for gold and USD 76.01 per ounce for silver, the economics are supercharged.

Hitting a median target of 200,000 oz Au and 5,000,000 oz Ag would generate annual gross revenues of around USD 1.28 Billion.

Given the high-margin profile of their DSO and high-grade underground models, estimated EBITDA for 2030 could easily scale beyond USD 750 Million to USD 850 Million. At the current ~USD 634M market cap, successfully executing this pipeline will drive an explosive re-rating.

7/ Acquisition Fantasy (M&A)
While Contango just played the role of acquirer, its new consolidated land package in the Golden Triangle makes it an incredibly juicy target. Major producers looking for tier-1 jurisdiction silver and gold assets with zero legacy debt could easily swallow the company.

Kinross Gold, their partner at Manh Choh, is the most obvious suitor to eventually consolidate the asset.

8/ Next Milestones & Permitting
Integration & Exploration: The immediate focus for late 2026 is aggressively drilling the Kitsault Valley project in BC to expand the silver resources and prove out the geological model.

Index Inclusion: Market analysts are anticipating a significant "catch-up trade" as the newly merged, larger-cap shares are integrated into major precious metals indexes.

Advancing Alaskan Assets: Moving the Johnson Tract (tidewater access) and Lucky Shot projects through the environmental and permitting phases toward development.

9/ Production Start & Total Costs
While Manh Choh is already actively producing and generating cash flow, the next major leg of growth hinges on bringing the Lucky Shot and Kitsault Valley projects online.

Production Start: Initial commercial production for these next-phase assets is targeted for late 2028 to 2029, following the completion of current feasibility studies and final permitting.

Total Costs until Production Start:
The total capital required to bring these expansion projects to commercial production (including remaining pre-development, working capital, and initial construction CAPEX) is estimated at USD 250 Million to USD 300 Million.

Crucially, Contango’s existing cash flow and massive treasury are expected to fund the majority of these costs internally, minimizing the risk of shareholder dilution.

10/ Opportunities & Risks
Opportunities:
Best-of-both-worlds structure (cash flow + exploration); the DSO model avoids massive CAPEX blowouts; extreme leverage to soaring gold and silver prices in tier-1 mining jurisdictions (Alaska & BC).

Risks:
The classic post-merger integration risk—combining two different corporate cultures and managing a dual-hub pipeline across US and Canadian borders. They are also reliant on Kinross Gold as the operator for their sole source of cash flow at Manh Choh.

11/ Conclusion
Contango Silver & Gold is a unicorn in the junior mining space. The recent Dolly Varden merger created a self-funding exploration juggernaut.

Instead of begging the market for drill capital, they are using the USD 100M annual cash flow from Manh Choh to systematically unlock the massive potential of the Golden Triangle.

With over USD 100M in the bank, minimal debt, and a soaring precious metals market, $CTGO is positioned as one of the safest yet highest-upside growth stories in North America.

Disclaimer: Not a financial advice. Always do your own DD.

[Correlation Economics @GoldForecast]

I'm gonna buy me some of that Starcore and Sotkamo while they're still in a coma. 😸

[Boz @bozkaschi]

Guanajuato Silver $GSVR.V

This looks like a very good entry point, a test of the trendlines and the 200-day moving average.

#Silver #Miners

[Contango Silver And Gold @OreContango]

Packed room for @ShawnKhunkhun’s presentation yesterday at the @AtlanticOneFi Summit in Mallorca, Spain.

Great conversations with investors on gold & silver, Contango’s expanding precious metals platform, and the Company’s long-term growth pipeline.

Thanks to the European investment community for the strong interest and engagement.

$CTGO

[Guanajuato Silver Company Ltd.🇲🇽 @GSilver_co]

Interview with James Anderson and Chris Temple - https://t.co/tep76g99mS

[Silver Santa @Silver__Santa]

$SAM.TO $SHVLF - STARCORE INTERNATIONAL
New video on SAM by https://t.co/0uc8clYhFD.
The results of the survey at the San Martin property should be ready within a few weeks. Drilling in San Martin will start around september. They have their own lab for assays on site, assays take only 24 hours.

The new Silver ore from the Tortilla mine will be treated at the existing San Martin plant. Should be rather fast in production as only one permit is missing.

Carbon ore production at San Martin has started last month.

They will have 3 fully producing revenue streams within 18-24 months.

https://t.co/lWc2VTx9dt

[Starcore International Mines Ltd. @StarcoreIR]

Starcore’s La Tortilla #silver project contains historically identified high-grade silver mineralization and multiple underexplored structures.

⚒️ Key targets include the El Doctor thrust, a geological setting considered prospective for additional mineralization.

⚙️ Silver is widely used in industrial applications, and Starcore remains focused on advancing exploration at the project.

👉 https://t.co/YO5dJkxRke

#Mining

[Contango Silver And Gold @OreContango]

Join @ShawnKhunkhun, President of Contango Silver & Gold, this week at the Atlantic One Financial Investment Summit 2026 in Palma de Mallorca, where he will present the Contango story to more than 40 European fund managers and high-net-worth investors.

As Contango continues executing on its strategy of combining current cash flow with a growing pipeline of high-grade precious metals assets across North America, the Company looks forward to sharing updates on:

• Cash flow from Manh Choh
• Advancement of the fully permitted Lucky Shot project
• Growth potential across Johnson Tract & Kitsault Valley

$CTGO

[Correlation Economics @GoldForecast]

The Enterprise is ready to embark. One-quarter impulse power, engage! 😌

https://t.co/S304ZcubdT

[Silver Santa @Silver__Santa]

$SAM.TO $SHVLF - STARCORE INTERNATIONAL
CMPB (Starcore's Mexican subsidiary) reached an agreement with the El Doctor Agrarian Community in Cadereyta de Montes, Querétaro, granting the social license to operate La Tortilla.
This is the single most important de-risking event in the SAM story. The social license was the primary permitting bottleneck. It has now been approved.
What remains: the MIA (Environmental Impact Assessment) with SEMARNAT. The NR confirms this is "already in process.". The social license agreement explicitly ties into the MIA consultation requirement under the 2023 Mining Law. As the social license has been approved, the MIA will come fast. And once that is also done then mining at La Tortilla can start, sending the ore to the San Martin plant.