Mining Stock Daily

This final episode of 2025 features Brent Johnson of Santiago Capital discussing the year's volatility and the structural global regime shift underway, operating at the intersection of capital flows and geopolitics. Johnson argues that President Trump has effectively dismantled the post-World War II rules-based order by unapologetically saying the U.S. is now acting solely for its own benefit, creating a "brave new world" for markets. A key misunderstanding among investors is the belief that the U.S. will inevitably lose its place in the world, yet Johnson maintains that the Western Hemisphere still provides the best relative opportunities for asset allocation. This shift is marked by the move toward centrally planned, state-sponsored markets, exemplified by the Department of War's Office of Strategic Capital (OSC), which acts as a 21st-century Manhattan Project to secure supply chains. The OSC facilitates this by using public-private partnerships to match government funds with private capital, thereby financing the re-shoring and remilitarization of strategic industries. This government focus on national security is expected to override environmental concerns, creating opportunities in North American natural resource sectors, like energy, earth minerals, gold, and silver, over the next decade or two. This episode of Mining Stock Daily is brought to you by... Revival Gold is one of the largest pure gold mine developer operating in the United States. The Company is advancing the Mercur Gold Project in Utah and mine permitting preparations and ongoing exploration at the Beartrack-Arnett Gold Project located in Idaho. Revival Gold is listed on the TSX Venture Exchange under the ticker symbol “RVG” and trades on the OTCQX Market under the ticker symbol “RVLGF”. Learn more about the company at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠revival-dash-gold.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Vizsla Silver is focused on becoming one of the world’s largest single-asset silver producers through the exploration and development of the 100% owned Panuco-Copala silver-gold district in Sinaloa, Mexico. The company consolidated this historic district in 2019 and has now completed over 325,000 meters of drilling. The company has the world's largest, undeveloped high-grade silver resource. Learn more at⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠https://vizslasilvercorp.com/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Equinox has recently completed the business combination with Calibre Mining to create an Americas-focused diversified gold producer with a portfolio of mines in five countries, anchored by two high-profile, long-life Canadian gold mines, Greenstone and Valentine. Learn more about the business and its operations at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠equinoxgold.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Integra Resources is a growing precious metals producer in the Great Basin of the Western United States. Integra is focused on demonstrating profitability and operational excellence at its principal operating asset, the Florida Canyon Mine, located in Nevada. In addition, Integra is committed to advancing its flagship development-stage heap leach projects: the past producing DeLamar Project located in southwestern Idaho, and the Nevada North Project located in western Nevada. Learn more about the business and their high industry standards over at integraresources.com

Ridgeline Minerals said new assay results from its Selena Project in Nevada exceeded expectations, further confirming the strength of the Chinchilla sulfide CRD discovery.In this episode of Mining Stock Daily, Michael McCrae is joined by Chad Peters, President and CEO of Ridgeline Minerals (TSX-V: RDG), to break down the latest results and what they mean for the broader system at Selena.Chad walks through why the company is highlighting discovery hole SE25-053, which returned multiple stacked sulfide horizons with strong zinc-silver-lead-gold grades, including a newly reported lower sulfide zone beneath the original discovery interval. The results reinforce the interpretation of a large, vertically extensive carbonate replacement deposit (CRD) system, rather than a single isolated intercept.The discussion covers how these new assays change Ridgeline’s geological understanding of Chinchilla, how they fit with geophysics and alteration seen across the project, and why the presence of stacked mineralized horizons is critical for scale potential. Chad also outlines next steps for drilling, ongoing work under the South32 earn-in, and what investors should be watching for as follow-up holes are completed.

Ryan King, Vice President of Equinox Gold, shares insights on the company's strategic divestiture of Brazilian assets, which raised over $1 billion to enhance financial stability. He discusses plans for debt reduction and emphasizes a robust 2026 production target of 700–800k ounces. The conversation also covers growth potential at the Valentine and Greenstone projects, alongside future capital returns to shareholders, highlighting the company's focus on sustainable growth in the gold mining sector.

George Salamis, the Chief Executive of Integra Resources, dives into the exciting feasibility study for the DeLamar Gold-Silver project. He reveals impressive economic metrics and discusses the transformation from preliminary to final studies, focusing on engineering changes and stockpile impacts. Salamis elaborates on the strategic split of heap leaching stages and the anticipated $347–389 million CapEx. He also addresses investor concerns about permitting timelines and highlights potential silver resource upsides, leaving listeners eager for the project’s future.

Scott Trebilcock, Vice President of Corporate Development and Investor Relations at Revival Gold, discusses the company's current projects, particularly the Marcur Gold Project in Utah. He highlights the ongoing drilling campaign, the significance of the pre-feasibility study planned for 2026, and the potential of the Beartrack-Arnett project in Idaho. The conversation emphasizes the strategic focus on optimizing and de-risking the Mercur project while also exploring future targets and the permitting process.

Fred Bell, COO of Elemental Royalty, shares insights on the company’s transformative 2025, including a key merger with EMX Royalty and new investments from Tether. He discusses growth strategies and strong market positioning, emphasizing recent project deals with mining giants like Rio Tinto. Fred explains the unique funding model for generative deals and addresses how Elemental targets value-accretive acquisitions. He believes the company is undervalued, urging investors to reassess their perspectives. Expect exciting growth opportunities ahead!

Integra Resources unveils a lucrative feasibility study for the DeLamar project, boasting an impressive after-tax NPV of $774 million and a 46% IRR. Cartier Resources reports a significant update with a 48% boost in their Cadillac resource estimate. Vizsla Silver expands its territory with a strategic claim acquisition near Panuco. Heliostar Metals is back in action, restarting operations at San Augustine, while Orla Mining pushes the boundaries by extending high-grade gold discoveries at Musselwhite. Hemlo Mining celebrates its first gold pour post-acquisition!

Mining Stock Daily discusses the latest developments at Newcore Gold's Enchi Project in Ghana with CEO Luke Alexander. The discussion covers recent drilling results from the Boin gold deposit, the upcoming pre-feasibility study (PFS), financial strategies including warrant exercises, and the exploration potential of the project. The conversation highlights the company's focus on resource expansion and the positive outlook for 2026, driven by strong market conditions and strategic drilling efforts.

Brodie Sutherland, CEO of Tocvan Ventures, discusses the company's recent drilling activities and exploration efforts at the Grand Pilar Gold Silver Project in Mexico. He highlights the initiation of a new drill program on the North Block, the geological insights gained from drilling, and the surface work that has led to the identification of new targets. Additionally, Sutherland outlines the plans for a pilot production facility in the South Block and shares his outlook on the mining sector in Mexico, emphasizing the positive trends in permitting and exploration activity.

Jason Jessup, CEO of Magna Mining, discusses the company's progress and future plans as they approach the end of 2025 and look forward to 2026. Key topics include the initiation of a pre-feasibility study for the Crean Hill project, advancements in exploration, and the expected impact of metal prices on project economics. The discussion highlights the importance of 2026 for Magna Mining, with plans for cash flow generation and ongoing projects at McCreedy West and Levack mine.