Luke Prodigal

I deal in what’s precious. Not financial advice. It’s a casino after all.

[YEGWAVE @yegwave]

The Edmonton Police Service has deleted a tweet encouraging people to report hate speech after facing backlash over a video that included comments such as “send them back home” and calls for deportation as examples.

[wz1993 @wz1993]

Last week, $SCZ published it's Q2 2026 production data with growth across the board (17% in Silver and 7% in Zinc over Q1), especially at it's Bolivar mine, which has made big progress and increased processed ORE vol and grade, and resulted 32% QoQ increase in Silver production.

In Q1, SCZ published Avg Silver Sale Price of $63.6, which was substantially lower than avg $84 LME Ag price. the MD&A explains that shipments are provisionally priced and then finally settled "typically one to four months after delivery," based on the market price at that later date. This creates a built-in lag between when metal is produced/shipped and when its final price is locked in. Based on this built-in price lag nature, we should expect higher Q2 avg Silver sale price.

According to factor that we expect both higher production volume and higher sale price in both Silver and Zinc, I expect SCZ will report a much better financial report in couple weeks compare to Q1. Below is my estimate based couple assumption:

EST 1 in blue line, assume SCZ maintain roughly 50/50 in Silver and Zinc, and have an average 12% growth in overall production and REV. The production increase and grade improvement also bring down the AISC, and result the even higher improvement in earning and EBIDTDA by about 20% compare to Q1.

EST 2 in green line further factor in and estimate 10% improvement in sale price on both Silver and Zinc, which will result additional 10% in REV, and I applied 80% of the increased Rev to the bottom lines.

Based on this estimate, $SCZ $SCZM is currently trading 2.9xEV/Net Earning, and 2.1xEV/EBITDA, Which, IMHO, is the most undervalued among all #SILVER producers, and none of others are even close to in terms of the similar earning matrix comparison.

P.S. Since this estimate is based on production growth and price increase compare to Q1 report in percentage, so the factors of 45% ownership in Bolivar and Porto and San Lucas Margin business are factored in automatically.

@TheApeOfGoldST @DonDurrett

[Kirk Lubimov @KirkLubimov]

I warned you that Canada is turning into UK 2.0.

Edmonton Police, where the city is overrun with drugs and crime, will come knocking on your door if you speak the truth but it hurts someone's feelings.

Free speech is eroding in Canada.

[Buck @buckmcyoung]

Canada’s real economy in one post

🇨🇦7.5M retirees
4.6M public-sector workers
~2M on social assistance
= 14 million living on the tax base
funded by 16.5 million private-sector workers.

Government jobs and transfers inflate GDP and generate “revenues,” but they do not create wealth.
They transfer it.

The private sector produces the surplus.
Everything else is a claim on that surplus.

[Ezra Levant 🍁🚛 @ezralevant]

50,000 people applying for a 700 entry-level jobs.

Tim Hortons, and every other disloyal corporation who hires foreign workers, are disgusting and should be punished by consumers.

Along with any politicians who abide this.

[TheApeOfGoldStreet @TheApeOfGoldST]

$SCZ.v - SANTACRUZ SILVER

(Always buy the canadian ticker)

Big chance that this guy prints +50% in august alone.

Sounds much? $SCZ.v did +1531% in 293 days recently. In that move, several moves was over +100% in 30 days.

Mega cheap still and an easy snatch.

#SILVER

[TheApeOfGoldStreet @TheApeOfGoldST]

-What I expect will be top 3 performers in my portfolio out of the #silver guys for the #inevitable leg up:

$SCZ.V - SantaCruz Silver
$SSV.V - Southern Silver
$AGX.V - Silver X Mining

-What shouldn’t be ignored and wouldn’t surprise me if it took a top 3 seat:

$GRSL.V - GR Silver Mining

-Outsider surprise with the capability of massively outperform:

$SAM.TO - Starcore International

#SILVER

[Brian Wilkes @BrianGoodner]

Santacruz Silver Mining Deep Dive:

Santacruz Silver Mining Ltd. ( SCZM) functions as a highly unique, asset-rich turnaround machine that currently sits at a massive valuation discount.

Valued at roughly $585 million USD, Santacruz is a mid-tier polymetallic producer. It generates roughly 15 million silver-equivalent ounces annually, operating four producing mines across Bolivia and Mexico, alongside an ore-trading business.

One contrast you can look at with a company like Santacruz is how it compares to Aya, when they have nearly identical revenue.

The Valuation Reality Check: Santacruz generated higher top-line revenue ($127.5M vs $117.3M) than Aya in Q1 2026. Yet, Aya's total market value is over 6x larger than Santacruz.

Why the Split Exists: Aya commands a steep premium because it has an industry-low cost structure, trades on the NASDAQ, sits in ultra-stable Morocco, and boasts over 90% silver purity. Santacruz is penalized heavily by the market because of its base-metal exposure (Zinc/Lead) and its complex operation footprint in Bolivia

3 Core Traits Defining Santacruz Silver

1. Mind-Blowing Revenue Generation (The Valuation Gap) - The most striking element of the Santacruz profile is its immense revenue generation relative to its small market cap.

Massive Top-Line Surge: Propelled by a strong metal environment, its Q1 2026 revenue surged 81% year-over-year to $127.5 million USD.

Explosive Profits: Net income more than tripled to $28.5 million USD for the quarter, generating a robust $42.6 million in Adjusted EBITDA.

The Valuation Gap: The stock trades at a deep discount—roughly 0.5x to 0.75x of its Net Asset Value (NAV). The market is pricing it like a tiny junior explorer, even though it generates more revenue in a single quarter than most juniors generate in a decade.

2. The Debt-Free Transformation

Historically, Santacruz was bogged down by massive structural liabilities linked to buying its Bolivian assets from mining giant Glencore.

Clean Balance Sheet: Management successfully amortized and completely paid off its Glencore purchase agreement.

No Anchors: The company is operating with zero debt, zero streaming agreements, and zero royalties on its primary corporate engine. This leaves them with a healthy $64.9 million cash pile to self-fund optimizations.

3. High Geopolitical Risk (The Bolivia Factor)

The exact reason Santacruz trades at such a dirt-cheap price is its heavy geographic concentration in Bolivia, where it operates the Bolivar, Porco, and Caballo Blanco complexes.

Sovereign Tension: Recent political friction between political factions in Bolivia has caused broad market hesitation.

Operational Insulation: Operationally, the company has heavily insulated itself. They utilize rail lines to bypass road blockades and maintain substantial supply inventories at the mine sites, allowing them to hit all Q1 production budgets without interruptions. Furthermore, their San Lucas ore-sourcing business acts as a low-risk trading model that makes money on third-party ore without mining capital expenditures.

The Near-Term Growth Rocket: Soracaya

For your growth bucket, Santacruz has a massive near-term catalyst dropping right now. Their 100%-owned Soracaya asset in Bolivia—boasting an ultra-high grade of 260 g/t silver—is expected to begin initial commercial production by late 2026. This new mine will inject high-grade material into their mill circuits, sharply dragging down their consolidated All-In Sustaining Costs (AISC).

The Deep-Value Play: If you want a company that creates immense revenue, has zero debt, possesses multi-metal diversification, and is completely ignored by Wall Street algorithms due to a "Bolivia discount," Santacruz is an unbelievable deep-value pick.

[Luke Prodigal @treadstone7717]

@MHTruthUltra ...and hidden cameras

[Luke Prodigal @treadstone7717]

@TheApeOfGoldST Great management team running this company. Robust production amidst Bolivian political unrest.

[TheApeOfGoldStreet @TheApeOfGoldST]

$SCZ.v - Santacruz Silver Q2 2026:

• Strong quarter across the board with production increasing at virtually every operation.

• Silver production rose 17% QoQ to 1.57 Moz and 11% YoY.

• Zinc production increased 7% QoQ and 10% YoY.

• Silver-equivalent production climbed 23% QoQ to 2.81 Moz AgEq.

• Tonnes milled increased 7% QoQ and 9% YoY, showing higher throughput across the portfolio.

• Bolivar continues its recovery, with silver production surging 32% QoQ as rehabilitation from the 2025 flooding advances.

• Zimapan rebounded strongly after Q1 operational issues, delivering higher recoveries and increases across all payable metals.

• Porco delivered a 43% QoQ increase in silver production and continued strong zinc performance.

• Caballo Blanco remained one of the company’s most consistent assets, posting double-digit year-over-year silver growth.

• San Lucas processed 22% more ore QoQ, boosting silver production 20% QoQ and improving plant utilization and operating leverage.

• Production increased despite more than 50 days of road blockades in Bolivia, highlighting operational resilience and strong execution by management.

• Improved metallurgical recoveries across several operations suggest operational improvements, not just higher throughput.

• Management highlighted continued progress on Bolivar dewatering, Level 960 development at Zimapan, higher recoveries and operational efficiencies, giving confidence that the company is entering H2 2026 with strong momentum.

Santacruz continues to execute exceptionally well. Production is growing across its diversified asset base, Bolivar’s recovery remains on track, Zimapan is normalizing after temporary setbacks, and the company is entering the second half of 2026 with improving operations and strong momentum. This supports the investment thesis that Santacruz is becoming an increasingly powerful #silver producer as operational headwinds fade.

[Luke Prodigal @treadstone7717]

@Robert_Munnich @RedMileRundown Discounted due to his size but he's now listed at 5'11 and growing.

[Gp @EligianResearch]

Santacruz Silver Q2 2026 Production Note

Santacruz delivered a strong sequential improvement in Q2 2026, with silver production climbing 17% QoQ, driven by recovery at the flood-affected Bolivar mine. The quarter is notable not just for the volume growth itself, but for the resilience shown across operations despite significant external disruption in Bolivia, and for confirming that the company’s recovery trajectory remains firmly on track heading into the second half of the year.

Key Takeaways

•Bolivar leads the recovery: Silver production at Bolivar jumped 32% QoQ, driven by an 11% increase in tonnes milled and a 17% higher silver head grade, as rehabilitation of the areas affected by the May 2025 flooding event continues to advance.

•Consolidated production up across the board: Total silver output rose 17% QoQ (1,573,100 oz vs 1,341,499 oz) and zinc rose 7% QoQ (23,240t vs 21,640t), with every single operation posting sequential gains in both metals.

•Zimapán rebounded from Q1 ventilation issues: Silver recovery improved sharply to 72% from 65% in Q1, following resolution of ventilation constraints at the high-grade Level 960 and fewer power interruptions from the local grid operator. Silver production rose 8% QoQ despite flat throughput.

•San Lucas scaled up meaningfully: The ore-sourcing business processed 22% more tonnes QoQ, lifting silver output 20% and lead output 45%.

•Operational resilience under real stress: Road blockades in Bolivia lasted more than 50 days during the quarter, disrupting supply chains broadly across the economy. Management notes operations continued without interruption throughout, which speaks well to the team’s logistical execution in-country.

•Porco and Caballo Blanco stayed consistent contributors: Porco’s zinc production rose 5% QoQ on higher throughput, while Caballo Blanco posted a 6% QoQ silver increase on stronger grades, both continuing to perform as steady, lower-volatility assets in the portfolio.

Bottom Line

This was a clean operational quarter that reinforces the core investment thesis: Bolivar’s recovery is real and accelerating, Zimapán’s ventilation-related Q1 weakness was temporary, and San Lucas continues to provide flexible incremental volume. The one caveat is the sequential drop in realized silver price, which will likely cap the scale of margin expansion versus Q1 despite higher output, but with production trending up across every single asset simultaneously, and management successfully navigating a 50-day blockade without losing a beat, this quarter should be read as a confirmation of the turnaround story rather than a disappointment.

$SCZ.V $SCZM

[Ron Butler @ronmortgageguy]

Welcome To RENTER Nation: Because That's What It's BECOMING

Ontario is really not much different than every Province

Sure, the Prairie Provinces are better at building Single Family Homes but Canada is becoming a nation of Renters

And maybe that's planned not accidental

2/

[Shazi @ShaziGoalie]

Toronto was supposed to be the safest housing market in Canada.

"World-class city."

"Real estate only goes up."

Instead, new SFH benchmark prices just recorded their worst monthly drop on record.

SFH benchmark prices PLUNGED 10.7% IN ONE MONTH and are now 34% below the 2022 peak.

Narratives don't set prices.

Buyers do.

[Luke Prodigal @treadstone7717]

@TheApeOfGoldST

[TheApeOfGoldStreet @TheApeOfGoldST]

$SCZ.to - Santacruz Silver | Next 6-month catalysts

• TSX main board uplisting, improving institutional access and liquidity.
• Share buyback execution, supporting shareholder returns.
• Continued Bolivar recovery, driving higher production and cash flow.
• Progress at the Soracaya project.
• Strong Q2 and Q3 earnings as higher silver prices flow through.
• Potential resource and reserve updates across key operations.
• Significant leverage to rising silver prices.

$AGX.v - Silver X Mining | Next 6-month catalysts

• Continued record production growth.
• Permitting and expansion toward higher mill throughput.
• Plata Mine restart, increasing production capacity.
• Exploration results across the Nueva Recuperada district.
• Strong quarterly production updates.
• Lower unit costs as throughput increases.
• Potential valuation re-rating as a growing silver producer.

SCZ has the stronger near-term catalyst pipeline, while AGX offers one of the strongest production growth stories among junior silver producers. Both are highly leveraged to higher silver prices.

#Silver

[Luke Prodigal @treadstone7717]

@ehelpmann No one knows.

[TheApeOfGoldStreet @TheApeOfGoldST]

BEST BUY? $SCZ.v - Santacruz Silver under $9.

#Silver #Zinc

[T. Bernadetti @MrsRoyKeaneo]

WATCH THIS! Engineers storm the stage in protest against Amazon's use of AI in the ongoing 🇵🇸 genocide

"When Amazon employees say something against project Nimbus you fire them!"

Watch how his face drops! He's there to promote AI yet goes into screensaver mode when confronted