Precious Metals

Mining companies post a strong finish. During the fourth quarter, mining companies appreciated 7.3% compared to a gain of 10.6% for the S&P 500 index. The VanEck Vectors Gold Miners and Junior Gold Miners ETFs were up 8.7% and 9.4%, respectively. Gold, silver, copper, and zinc futures prices were up 4.0%, 6.1%, 9.1%, and 8.5%, respectively, while lead was down 2.4%. For the full year, gold and silver prices declined ...

Mining companies post a strong finish. During the fourth quarter, mining companies (as measured by the XME) appreciated 7.3% compared to a gain of 10.6% for the S&P 500 index. The VanEck Vectors Gold Miners (GDX) and Junior Gold Miners (GDXJ) ETFs were up 8.7% and 9.4%, respectively. Gold, silver, copper, and zinc futures prices were up 4.0%, 6.1%, 9.1%, and 8.5%, respectively, while lead was down 2.4%. For the full year, gold and silver prices declined 4.5% and 12.1%, respectively, while copper, lead, and zinc prices were up 26.4%, 21.3%, and 33.6%. Performance in 2021 was driven by base metals equities as underscored by the 33.9% price return on the XME versus -11.1% and -22.7% for the GDX and GDXJ, respectively. The S&P 500 appreciated 26.9%. Outlook for precious metals. The U.S. Dollar Index rose 1.7% during the fourth quarter and 6.4% in 2021. The yield on the 10-year rose modestly during the fourth quarter to 1.51% and was up 59.5 basis points compared to year-end 2020. While a rise in the U.S. dollar and treasury yields are headwinds for gold, we believe investors may view precious metals more favorably in 2022 to protect portfolio values from potential volatility in equity markets, an uncertain path for inflation, and the risk of Federal Reserve monetary policy errors. While the Federal Reserve has signaled that it will end monthly bond purchases in March and could raise interest rates three times in 2022, we think market expectations are partially baked in and investors will likely focus on real interest rates which are expected to remain low. Can industrial metals continue their ascent? While U.S. and global economic growth is expected to moderate and we don't expect the same level of gains for industrial metals in 2022, cash flow generation should remain strong for industrial metals companies while supply and demand fundamentals remain favorable. Improving supply chains, inventory re-stocking, and greater capital spending could be supportive of pricing, and we believe the long-term investment case for owning industrial metals mining companies remains favorable. Weaker growth abroad, particularly in China, remains a near-term threat. Putting it all together. We remain constructive on the Metals and Mining sector. While precious metals underperformed industrial metals in 2021, we believe precious metals mining equities could outperform in 2022. Valuations, particularly among junior companies, remain attractive while current gold and silver prices are sufficient to be profitable. Additionally, we are beginning to observe an increase in M&A activity which highlight value in the sector based on acquisition premiums. Read More >>

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Endeavour Silver Provides 2022 Guidance, Including Production of 4.2-4.8 Million oz Silver and 31,000-35,000 oz Gold for 6.7-7.6 Million oz Silver Equivalent¹

Endeavour Silver Corp. ("Endeavour" or the "Company") (NYSE: EXK; TSX: EDR) is pleased to announce its consolidated production and cost guidance as well as its capital and exploration budgets for 2022. All dollar amounts are in US dollars (US$).

2022 Production and Cost Guidance Highlights

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Endeavour Silver Announces Filing of NI 43-101 Reports on Guanacevi and Bolanitos Projects

Endeavour Silver Corp. ("Endeavour" or the "Company") (TSX: EDR, NYSE: EXK) announces today that it filed two technical reports (the "Technical Reports") prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects.

The Technical Reports are titled "NI 43-101 Technical Report: Updated Mineral Resource and Reserve Estimates for the Guanaceví Project, Durango State, Mexico" and "NI 43-101 Technical Report: Updated Mineral Resource and Reserve Estimates for the Bolañitos Project, Guanajuato State, Mexico". Both Technical Reports have an effective date of December 31, 2020 and support the disclosure made by the Company in its February 3, 2021 news release announcing the updated 2020 Mineral Reserve and Resource Estimates. There are no material differences in the Technical Reports from the information disclosed in the February 3, 2021 news release and the date of this filing.

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Open Letter to the Shareholders from the CEO of Arizona Silver Exploration Inc.

Open Letter to the Shareholders from the CEO of Arizona Silver Exploration Inc.

(TheNewswire)

Arizona Silver Exploration Inc.

Vancouver, British Columbia TheNewswire - January 19, 2022 Arizona Silver Exploration Inc. (TSXV: AZS ) ( OTC:AZASF ) today released a year-end letter from Mike Stark, CEO, to the Company's shareholders.  The letter follows below and can also be accessed from the Company's website at www.arizonasilverexploration.com

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Denarius Announces Initial Drill Results From the Ongoing Drilling Program at Its Polymetallic Lomero-Poyatos Project in Spain, Including 1.51% Cu, 0.40% Pb, 2.27% Zn, 43.83 g/t Ag and 4.71 g/t Au Over 20.60 Meters

Denarius Announces Initial Drill Results From the Ongoing Drilling Program at Its Polymetallic Lomero-Poyatos Project in Spain, Including 1.51% Cu, 0.40% Pb, 2.27% Zn, 43.83 g/t Ag and 4.71 g/t Au Over 20.60 Meters

Additional assays are expected in the coming weeks and it is expected there should be a steady flow of new assay data as drill holes are completed going forward. Denarius has mobilized a third diamond drill to expedite the ongoing drilling program on the Lomero-Poyatos deposit, which is expected to be operational in mid-February.

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OTC Markets Group Welcomes Silver Dollar Resources Inc. to OTCQX

OTC Markets Group Welcomes Silver Dollar Resources Inc. to OTCQX

OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for over 11,000 U.S. and global securities, today announced Silver Dollar Resources Inc. ("Silver Dollar" or the "Company") (CSE: SLV; OTCQX: SLVDF), a mineral exploration company, has qualified to trade on the OTCQX® Best Market. Silver Dollar Resources Inc. upgraded to OTCQX from the OTCQB® Venture Market.

Silver Dollar's common shares will continue to trade on the Canadian Securities Exchange ("CSE") under the symbol "SLV" and begin trading today on OTCQX under the symbol "SLVDF." U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcmarkets.com .

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Silver Dollar Begins Trading on the OTCQX Best Market in the United States

Silver Dollar Begins Trading on the OTCQX Best Market in the United States

The Company is fully funded for 2022 exploration and is currently drilling its flagship La Joya Silver Project in Durango, Mexico

Silver Dollar Resources Inc. (CSE: SLV) (OTCQX: SLVDF) ("Silver Dollar" or the "Company") is pleased to report its common shares have qualified to be upgraded from the OTCQB Venture Market® to the OTCQX Best Market®.

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