I expect Newmont and Barrick will print a 3 x when the #HUI reaches 1500. However, the really big money will be made with junior mines… $AG $AGAG.V $AGX.V $AAG.V $ASL $ASM.V $AUMB.V $AYA.V $BCM.V $BIG.V $BRC.V $CAMB.V $CKG.V $DMET.V $EDR.V $EXK $EXN $GLDC.V $GRSL.V $GSVR.V $HSLV.V $KUYA $LG $NEXG $OCG.V $POD.AX $SVRS.V $SSV.V $SPA.V $TUD.V $VCU.V $VZLA

$CAMB.V | $CAMVF Cambria Gold Mines is targeting another restart of the Premier gold mill in northern British Columbia for late next year after insufficient underground feed derailed its first production ramp-up. Cambria plans to recommission the 2,500-tonne-per-day mill in the fourth quarter of 2027 and ramp it up through 2028. The Premier Gold Project lies near the port of Stewart, on Nisga’a Nation Treaty Lands about 880 km northwest of Vancouver. “Sufficient mineralization is accessible to Premier Gold Project commence mining, which would be subsequently augmented by Red Mountain once construction is complete,” said President & CEO Robert McLeod in a statement on Monday. The timetable marks another bid to establish steady production at a complex where Cambria says $538 million (US$377.3 million) has been spent since 2021. An updated feasibility study, delayed from the current quarter to the first half next year, is to provide the next step by setting a revised mine plan, production schedule and restart cost. Cambria Gold shares were unchanged at 77¢ apiece in mid-Monday trading, having fallen 74% over the past 12 months. The stock has traded between 60¢ and $3.50 over that period, giving the company a market capitalization of about $287 million at Monday’s price. Analysts expect Cambria to progress towards commissioning in the fourth quarter of 2027 / first quarter of 2028, one quarter later than the company’s target. McLeod’s team assumed management of Ascot Resources on Dec. 30, 2025, as the company began its recapitalization. Ascot completed a $175-million financing on Jan. 27 and changed its name to Cambria Gold on Feb. 13, while Premier and Red Mountain remained within the same corporate group. Cambria has also received more than $45.9 million from warrant exercises. Feed plan Cambria plans to begin with material from Premier, Silver Coin and Big Missouri before adding Red Mountain feed. Silver Coin and the high-grade Premier deposit will be the main focus for the restart. It expects to resume underground development at Premier Northern Lights in the current quarter and start work at Silver Coin next spring. Blending material from Premier with wider, lower-grade structures at Big Missouri could help fill the mill and reduce the risk of waiting for the Red Mountain road. That approach could also conserve capital, although more definition drilling and resource work would be needed to ensure mined grades match the model. Cambria is drilling Premier on 12.5-metre centres to improve confidence in the geological model. Planned mill work includes a new crusher and conversion of an unused clarifier to a pre-leach thickener. A fine-grinding mill and second cyanide-detoxification tank would be added before processing Red Mountain feed. Premier’s 2020 resource estimate lists 4.14 million indicated tonnes grading 8.01 grams gold per tonne for 1.07 million oz., plus 5.06 million inferred tonnes at 7.25 grams for 1.18 million ounces. Red Mountain contains 3.19 million measured and indicated tonnes at 7.63 grams for 783,000 oz., plus 405,000 inferred tonnes at 5.3 grams for 69,300 ounces. The company received a Fisheries Act authorization late last month, the final permit required to resume construction of the Red Mountain access road. The approval allows work in Bitter Creek to rebuild sections damaged by a 2013 storm. Cambria aims to reach Bromley Humps, about 12 km from Highway 37A, by year-end before completing the alpine section next year. Cambria plans to truck Red Mountain material about 50 km through Stewart and Hyder, Alaska, to the Premier mill. It is also studying an aerial tram or rope conveyor between the deposit and Bitter Creek after the first year of operations. The road is fully permitted, but Cambria still needs major mine authorizations for both projects and an amendment to Red Mountain’s environmental assessment certificate. Premier’s water-treatment plant hasn’t consistently met permitted zinc-discharge limits since it was built in 2024. Cambria took operations in-house from a contractor, hired specialists and upgraded pumps, valves and pipes it described as neglected.

$VZLA As a first-class speculative growth investment, Vizsla Silver is one of my favorites in the silver space. It is undoubtedly the most economically attractive undeveloped silver district on the planet. I assume that Vizsla Silver - after Discovery Mining - will get its Panuco permit in Mexico next. I bought Vizsla after the security incident and have not regretted it for a day. Here slumbers the potential of a 32-bagger over the next few years. This stock belongs in every silver mine portfolio.

$LG | $LGCXF Lahontan Gold is making tremendous progress. The stock went out of trading on Friday on the TSX with a plus of 6.667%. Interesting that @LawrenceLepard also recommended Lahontan in an interview recently. The company from Nevada also ranks at the top of Don‘s list. youtube.com/watch?v=-6Ij0BZW…

$AYA Aya Gold & Silver has reported high-grade silver drill results near the pit and at depth at Zgounder. These include 783 g/t silver over 13.0 m from surface, 4,770 g/t over 2.4 m, and 3,501 g/t over 3.5 m, incl. 7,717 g/t over 1.5 m. ayagoldsilver.com/news/news-… These are pure silver intervals in one of the few publicly traded pure silver mines - and, based on what is publicly comparable, one of the rare assets of this kind at a meaningful scale. The market now often treats Zgounder as a dismissed asset and focuses almost entirely on Boumadine. That underestimates the potential. Further growth is possible over the years, including higher mill capacity, even if that requires additional capex. Boumadine remains the better place for every extra investment dollar in the near term. If the balance sheet strengthens, however, capex back into Zgounder can deliver very attractive IRRs. Exploration dollars have three sensible uses: further drilling around Zgounder, the build-out of Boumadine, and the recently acquired large land packages. In the short term, the strongest case is for more drilling at Zgounder and an expansion of the mine’s potential. A moderate upward resource revision, paired with the assumption of further capacity, would be reasonable. Given the concessions in the region, the resource base is not the binding constraint over a 10-, 20-, or even 30-year view. Comments like that are often dismissed unless they come from a few established names. Benoit La Salle is likely to be increasingly counted among those the market allows to say: production and what is in front of us first, the resource later. That is still more of a vocal minority view than the consensus. Further exploration on the additional ground is the cherry on top. The sequence is: build Boumadine and secure the required capex, while making Zgounder more efficient and productive, and generate free cash flow. Once both capex programs are done and Boumadine is online, that cash can go into further resource exploration and additional concessions. Management is creative enough for that. The priority remains bringing output as close to today as possible - because there is substance here in both a silver mine and a gold project.

If we look at the percentage of S&P 500 stocks above their 200-Day Moving Average, fewer and fewer stocks trade above the 200-day moving average. Furthermore, I find it disturbing that so close to new all-time highs for the major Indices, 12-month new lows are now regularly exceeding 12-month new highs. Finally, the breakdown of so many important financial stocks is from my perspective an extremely negative omen for the entire market. That is why I am focusing on the gold and silver mining sector.

$AYA Aya Gold & Silver isn’t interested about the weak silver price. On the contrary. In mid- to late December 2025, when silver was already well above $60 and at times heading toward $67–70, the stock was trading at around 19–20 CAD. By way of comparison: Silver is currently back around $60–61, but AYA is trading at about 38.68 CAD - roughly twice as high as when silver first reached that price in December 2025. This look back gives us a glimpse of where the stock price will be when we reach the all-time high of $121 again.

$AGX.V This is a must watch interview with the CEO & Director, Jose M. García of Silver X Mining 🧐 youtube.com/watch?v=9Gid1tjZ…

After a volatile correction in the silver and gold prices, Michael explains why his momentum structural analysis suggests the precious metals bull market may be far from over, why gold and silver miners are beginning to outperform bullion, why major money managers could be moving toward mining stocks, and why the recent pullback may be nearing exhaustion. Michael also compares today’s silver price action with the 2008 correction, after which silver dramatically outperformed gold, and explains how historical price structures could point toward gold approaching $8,000–$9,000 and a potential long-term silver target around $500. youtube.com/watch?v=XQrzr3aX…

$EXN Excellon Resources is ramping up the Mallay silver mine in Peru toward 600 tpd, with deeper drilling and an updated resource due by early 2027. Excellon Resources restarted its fully permitted Mallay silver mine in Peru in July 2026, and it has since produced and sold its first concentrate to Glencore under a commercial offtake agreement. CEO Shawn Howarth expects Mallay to run consistently at 400 to 600 tonnes per day by early-to-mid 2027, which at full capacity equals around 2 million ounces of silver equivalent a year. Management sees the current resource of about 16 million ounces of silver equivalent likely understates the deposit as previous owner drilled only two to three years ahead of mining, and Excellon's first 2026 drilling shows grades holding up at depth. Excellon has no debt, about US$10 million in cash and an undrawn US$5 million credit facility from Glencore. Deep drilling below the mine, permitting at the nearby Tres Cerros gold-silver project and the proposed spin-out of Silver City in Germany give investors upside that the core restart does not rely on.

👀 Silver producers approaching oversold territory. $KUYA $APM $ASM $IPT $EXK $GSVR $HOC

Last year gold rallied 42% from $3,940 to $5,600 within 3 months from early November to late January 2026. If history repeats then gold is headed to $6.500 and that should only be a stopover 🏁 We are entering the last 10% of the gold rally. In this stage 90% of the profits will be made. Volatility increases enormously during this crucial phase.

Although real interest rates are at an 18-year high, gold is stable above $4,000. For October, there is a 70 percent probability that gold will rise again. The reason for this is the upcoming labor market data. Further possible interest rate increases are already included in the gold price. No matter how Warsh decides, gold always benefits. Investors see rising yields as a risk for government bonds, not as an alternative to gold. Stocks and bonds are falling more and more often at the same time. Gold replaces bonds as collateral in the portfolio. Stocks are extremely expensive compared to gold. Inflows into gold ETFs are increasing. Meanwhile, 18.5% of US government revenue goes to interest. That’s $1.25 trillion a year - more than the entire U.S. defense budget!

Bankers regularly press the gold price to roll their short positions in the last week of the month. This is probably the last buying opportunity before the second and best gold and silver leg. These miners have excellent upside potential 👀 $AG First Majestic Silver $AUMB.V 1911 Gold $AAG.V Aftermath Silver $ASL.AX Andean Silver $AGAG.V Argenta Silver $ASM Avino Silver & Gold $AYA.TO AYA Gold & Silver $BRC.V Blackrock Silver $CAMB.V Cambria Gold $GLDC.V Cassiar Gold $CKG.V Chesapeake Gold $DMET Denarius Metals $EXK.V Endeavour Silver $EXN.V Excellon Resources $EQX Equinox Gold $GRSL.V GR Silver Mining $GSVR.V Guanajuato Silver $HSVL.V Highlander Silver $TUF Honey Badger 🦡 $KUYA Kuya Silver $LG.V Lahontan Gold $NEXG.V Nexgold Mining $OCG.V Outcrop Silver $SVRS.V Silver Storm Mining $SCZ Santacruz Silver $SVE Silver One Resources $SLVR.V Silver Tiger Metals $AGX.V Silver X Mining $SSV.V Southern Silver Exploration $TUD.V Tudor Gold $VZLA Vizsla Silver

$AAG.V I’m glad that Insiders of Aftermath Silver are buying stocks. Shareholders will still have a lot of joy.

I assume that the correction of the precious metals is over. Gold will double into the first quarter of 2027 - probably as early as January. Silver will rise toward $180. Mining stocks are on the verge of their strongest increase in history. Money will flow from everything else into gold, silver and miners.

$EQX Equinox Gold has the repayment of all outstanding convertible priority bonds totaling $172.5 million with a coupon of 4.75% and maturity on 15. October 2028 announced. This is according to a press release from the Canadian mining company. The repayment is for the 20th. October 2026 at a price equal to 100% of the outstanding nominal value plus accrued and unpaid interest. For each 1,000 USD nominal value, the redemption price is approximately 1,000.66 USD. From the repayment date, no further interest will be incurred on the bonds. Bondholders have the opportunity to fully or partially refer their bonds until the 19th of April. October 2026, 5:00 PM New York Time, to walk. The adjusted conversion ratio is 165.0732 common shares per 1,000 USD nominal value. This ratio takes into account applicable dividend adjustments and make-whole increases in accordance with the bond terms and corresponds to a conversion price of approximately $6.0579 per share. With a complete conversion of all bonds, Equinox Gold would issue up to 28,475,124 ordinary shares. This corresponds to around 2.44% of the shares currently in circulation. The bonds were originally issued on 21. September 2023 under a bond agreement with the Computershare Trust Company, N.A. as trustee and paying agent. The payment processing for the bonds held in collective custody is carried out by the Depository Trust Company.

$EQX | $EQX Rhylin Bailie, VP Investor Relations of Equinox Gold Corp. presents at the September 2026 Metals Investor Forum in Vancouver. youtube.com/watch?v=eTZpbYIj…